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An input is indivisible if:
A) it is sufficiently inexpensive to purchase that firms will want to buy as much as they can.
B) it cannot be scaled down to produce a smaller quantity of output.
C) it cannot be increased to produce a larger quantity of output.
D) it cannot be used as a substitute for other inputs in the production process.
What price should a firm charge for a package of two pens given a marginal cost of t' 2 and an inverse demand function P = 6-2Q by the representative consumer?
q1. mention three businesses that you are familiar with or that you have dealt with recently. choose on which market
The subsequent cell-phone offer by Sprint is typical of Illustrate what one can get on a cell phone plan. Illustrate what is marginal cost.
One kind of gain from specialization is that
Why is the policy necessary? The welfare of consumers, producers, and society (the winners and losers) before and after the policy.
In a few sentences, what effect does the current supply and current demand have on this product.
Calculate the value of the US Balance of Payments and indicate whether it is in a surplus, deficit, or equilibrium.
Suppose the authorities are considering either a tradable emission permit system, in which they give half the permits to each firm, or a tax system. If both systems work perfectly, how much will the firms have to pay, in total, for pollution reductio..
What are the principal arguments of pharma companies who oppose making exception to IPR laws for developing countries? What are the arguments by NGOs and others for a differential treatment?
State Explain how IKEAs expansion has reenergized mature markets around the world also changed the competitive situation.
Elucidate how important is a rapidly expanding domestic market in Alibaba.com's strategic assessment
Advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service.
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