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Question: Economies of scale basically means that the producer is able to increase output without a significant increase in costs. Do you think that colleges are subject to economies of scale? Why or why not? Often an implication of economies of scale is that the producer is efficient. Is the college efficient? Why or why not?
Did Kristoff's purchasing power in terms of carrots rise or fall? Explain briefly.
Because the United States has an unemployment compensation program that provides income for those out of work, why should we worry about unemployment?
Explain the difference between government spending and government purchases of goods and services?
Compute the total revenue, the total cost, and the profit at the end of each year if the hospital continues to use the traditional method for surgical operations.
What is the purpose of the two fields of study, neuroeconomics and behavioral economics? Why might people tend to be overconfident? Use the following information to determine the total fixed costs, total variable costs, average fixed costs, averag..
In the normal distribution the probability that X > µ + 2s is the same as the probability that X
Analyze unemployment and inflation data. Analyze interest rate fluctuations throughout Mistime period and their effects on other aspects of the economy.
Contrast the market demand/supply curves and the individual firm's labor supply/demand curve in a perfectly competitive labor market. How does the law of diminishing marginal returns affect a firm's demand for labor
Identify specific examples of prominent computer hardware and software technological advances in the industry. Discuss two of the following points and apply that to your example. What is the effect of new technology on firms in the industry in the ..
Examine the efficacy of U.S. welfare programs. What do such programs intend to accomplish? What are some criticisms against them? Be sure to cite specific academic examples, not just ones from your opinion.
Assume the consumption function is given by C=200+0.5(Y-T) and the investment function is I=1000-200r, where r is in percent. G equals 300 and T equals 200. Find the equation for the IS curve (hint: use the formula for equilibrium Y = C + I + G and t..
Demonstrate your ability to explain the macroeconomic relationships between the issues presented. Consider competing ideas/alternative views.
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