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How do average variable cost, average fixed cost, and marginal cost vary as production levels for a firm are increased?
Draw a curve for average fixed cost (AFC) as production increases, and explain why the curve continuously decreases.
Draw a curve for average variable cost (AVC) as production increases, and relate the curve shape to the property of diminishing marginal product (sometimes referred to as the law of diminishing marginal returns). Explain the relationship.
Draw a marginal cost curve (MC) as production increases. Is this curve related to the AFC, to the AVC, or to both as production increases? Why or why not?
1. are the following statements true or false? explain in each case.a. two countries can achieve gains from trade even
Assignment: 5 page essay comparing theories from two economists. "The Age of Turbulence" by Alan Greenberg was assigned reading and one other economist of my choice who has credible and thorough knowledge of any topic of my choosing that has..
Describe the major factors that affect the degree of competitiveness in the semiconductor industry.
You are debating whether to reduce the risk by applying for the import license now and wait until it has been approved before committing yourself to purchasing the crude oil. The dilemma is that another petrochemical company may secure the deal be..
What do you know about focused Linux distributions? If nothing, what can you find out by searching the Web? By "focused" we mean distributions that exist primarily for a specific purpose or set of tasks (e.g. security, penetration testing, backup,..
Name the money one makes off of the product. An entrepreneur hopes that the cost to make the product is little and the price he sells it for is high.
Explain how does the marginal price for a product like this differ from a product like automobiles. What relevance might there be to this difference.
Provide your answer in three short paragraphs explaining how a country can place barriers against international trade.
What is EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization)?
In the keynesian cross, the consumption function is c=200+0.75(Y-T). planned investment is 100, govt purchase and tax are both 100.
What effect would this event have on AD or AS, other things being constant? What would be the resulting effect on equilibrium price level? Explain. What will be the effect of the different tools of fiscal policy to stabilize the economy? Give an ..
In the Keynesian, Classical, as well as Solow model, Elucidate the impact of an increase in production technology
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