Reference no: EM131051255
1. Productive efficiency does not hold for a profit-maximizing, monopolistically competitive firm in the long run equilibrium because the firm operates along the diseconomies of scale region of its average total curve? True or False
2. Suppose a monopoly is producing its profit-maximizing output level. Now suppose the government imposes a lump sum tax on the monopoly, independent of its output. As a result the monopoly's profit will fall? True or False
3. In perfectly competitive market, in the long run, arbitrage profits will be bid away. true or false?
4. If a monopolistically competitive firm breaks even, the firm is earning as much in this industry as it could in any other comparable industry? true or false?
5. If economies of scale are significant, the typical firm will not reach the minimum point on its long run average cost curve until it has produced a large fraction of industry sales? True or false?
6. The signaling hypothesis of education states that education is a costly activity that enhances a worker's productivity. True or false?
7. The supply curve of a uniquely talented actor or superstar athlete will be perfectly inelastic?
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What are the technical advantages of each
: What are the technical advantages of each? What are the economic advantages of each? Why would people maintaining the system prefer one to the other?
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Opinion regarding our antitrust laws
: What is your opinion regarding our antitrust laws? Should they even exist? If so, what should the threshold be? Size/structure alone? Or is a rule of reason more appropriate?
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Which cultural values will least likely support employee
: Which cultural values will least likely support employee participation and empowerment? The leadership traits identified by IBM to revive the company include which of the following?
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Quarterly compounding the other compounds
: Jose Oliva is considering two investment options for a $1,500 gift he received for graduation. Both investments have 8% annual interest rates. One offers quarterly compounding the other compounds on a semiannual basis. Which investment should he ..
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Diseconomies of scale region of its average total curve
: 1. Productive efficiency does not hold for a profit-maximizing, monopolistically competitive firm in the long run equilibrium because the firm operates along the diseconomies of scale region of its average total curve? True or False
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Question regarding the resulting unemployment
: A firm located in a small town in East Coast relocates to West Coast. Workers in that town cannot sell their homes to move with the firm. The resulting unemployment is called:
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Compound interest tables involving the same number
: The following are a number of values taken from compound interest tables involving the same number of periods and the same rate of interest. Indicate what each of these four values represents.
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Determine whether the expression is balanced
: Given a sequence consisting of parentheses, determine whether the expression is balanced
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List of topics identified in footnote
: In addition to the list of topics identified in footnote 1 on page 288, identify three areas in which present value is used as a measurement basis. Briefly describe one topic related to:
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