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Q. An airline transportation consultant offers the CEO of Blue Star struggling new commercial airline company, the subsequent advice concerning the airline's high operating costs in the current quarter: ‘You don't have enough aircraft to operate efficiently. Elucidate however, at some point in the long run, you will have the opportunity to add aircraft to your fleet in order to reduce your total costs also still carry the same load of passenger.' Does this advice make any sense? In the long run, Elucidate how can Blue Star's total costs fall by adding more aircraft to its fleet? Must Blue Star experience economies of scale for the consultant's advice to be correct?
What is the new equilibrium price and output in the short run for both the industry and each firm.
Elucidate what does this indicate concerning inflation expectations in Korea compared to the US.
An increase in autonomous investment will cause equilibrium output to increase
Tthe price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a.
Hana's rounded one-year rate of return earned from her purchase of the Treasury notes is equal to illustrate what %.
They could each decide to work a few extra hours on Saturday and earn more income. But they choose to play tennis or to relax around the house.
Which resource of production is the only one which nations can significantly increase in the short term.
The economys business cycles are not well synchronized with any of the world's largest economies and policymakers.
Explain the relationship among the bowed out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced.
How can the issue, perspective, concept or model enhance and enrich understanding of International Economics.
Economic laws are established in order to make successful prediction of the outcome of human action.
Clarify what action monetary policymakers must take for the actions of fiscal policymakers to have no effect on real income.
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