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In the case of a firm’s long run average total cost curve:
1) identify the INdependent and DEpendent variables and
2) describe the behavior of costs per unit in its downward-sloping segment.
develop a regression equation using any data. Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact de..
The marginal propensity to import increases from 0.3 to 0.4. Find the new multiplier of the economy and explain why the multiplier has changed.
It is your first day on the job at the Itty Bitty Machine (IBM) company and your new boss wants your advice. The company has invested $10 million in its new computer software.
Prove that if Wi* = \(\lambda1+\lambda2Wi\) then the new intercept b1* = \(\lambda1+\lambda2b1\) where b1 is the intercept of the original regression of W on H. Explain how the standard error of the slope coefficient in (h) is..
Assuming paper is sold in a competitive market, what is the market price? how many tons of paper will be produced per year at that price? what is the efficient annual output of paper? how can a corrective tax achieve efficiency?
The subsequent table gives total output or total product as a function of labor units used. Does the table indicate a situation of diminishing returns.
Discuss the role of corruption in the modern economy. Give specific examples of instances of corruption duringa) S&L crisis and the recession of 1991 b) Enron and the recession of 2001 c) Subprime mortgages and the recession of 2007
Globalization and global trade have led to increased competition in world markets and increased allocation of scarce resources. Is it accurate to say that this is contributing to increased consumer surplus and reductions in inflationary pressures?
Explain how and why the firms demand curve for labor will compare to that of the firms operating in a competitive product market, and the consequences for the firms employment of labor. No graphs or calculations are needed.
Explain why RELATIVE prices of two goods, both produced in each of two countries, will differ prior to any trade taking place ("autarky"). why profit-seeking will cause each country to specialize - wholly or partially - in producing one of the goo..
Explain the households budget line and its relationship to the indifference curve.
Please provide the reference info. for the articles found so that I can read and understand the issues.
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