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Many suppliers experience economies of scale as output expands, which implies that long-run average costs are falling. At very high levels of production, however, many firms are likely to experience diseconomies of scale. Why do firms experience diseconomies of scale as they increase production volume? How might firms "avoid" experiencing diseconomies of scale and what does the long-run average cost curve look like when diseconomies of scale exist?
Find out the quantity at which profits are maximal. given that quantity, find out the price charged and monopolist's profits. (solve for answers using the equations)
Will Truman and Associates, LLC is a successful Manhattan based law company. Worker productivity at company is examined in billable hours, which vary in partners and associates.
Compute the marginal profit function and what is the profit maximizing price, what is the market demand function and what is each firm's supply function?
What is the equilibrium? If the government freezes the price of gasoline at its initial equilibrium price, how much of a surplus or shortage will exist when supply is reduced as described above?
Explain why the short-run aggregate supply curve is not vertical, but the long-run aggregate supply curve is vertical.
Choose any 2-of the 4-basic strategies used to preserve security and identify and explain what assumptions are created about the opponent based each of the two strategies that you select.
Solve the partial derivative
Calculate the elasticity of demand and elasticity of supply at each price change in the market for financial calculators
Briefly explain the calculation of The Unemployment Rate for the U.S. economy. How is the data collected to compute the Unemployment rate?What is the ultimate cause of severe inflation in an economy?
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill.
What is the South African government providing?
The cost of labor goes down, the profits of firms will increase, and short-run aggregate supply will shift to the right.
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