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Define economies and diseconomies of scale, explain how each is possible, and relate each to shapes of long-run average total cost curves.
A decision by the U.S. to utilize fiscal policy to run a fiscal deficit, chiefly through unprecedented heavy spending, to stimulate the US economy
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium
Illustrate the economy's adjustment to its long run equilibrium only, as the formerly dislocated (and now retrained) labour force is finding employment in new industries.
What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.
Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.
Explain how does the money multiplier differ when currency holdings are zero, compared to when currency holdings are greater than zero.
Cathy has one year left before she completes her degree in industrial engineering. She is spending this summer working for her family's firm, MMM (Molehill & Mountain Movers). MMM runs a fleet of heavy construction equipment and sells gravel for r..
Explain why would you expect inflation rate to accelerate if actual unemployment rate declined to a level lower than the "full employment" unemployment rate & remained at that low level for a year or longer and creaste and AS/AD diagram
The minimum wage is used by governments as poverty fighting measure. The use of such means of creating equity among the masses does not always result in desired outcome.
A company produces digital watches on single production line serviced during one daily shift. The total output of watches depends directly on number of labor hours employed on the line.
Explain the importance of free entry and exit in the perfectly competitive market. That is if free entry and exit did not exist, what impact would this have on the allocation of resources and on the ability of firms to earn above normal profits ov..
Brokers incurred $450,000 out of expenses as well as will give 21,000,000 of the persue to the small firm they are underwriting
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