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Suppose a firm has the production technology shown below for Goods 1 and Goods 2 and respond to the following with an explanation for answer.
Good 1 Good 2 Both
Q1 Cost Q1 Cost Q1 Q2 Cost
10 50 10 60 10 10 100
20 100 20 100 20 20 180
30 150 30 130 30 30 250
1. Does Good 1 indicate economies of scale? Why or why not?
2. Does Good 2 indicate economies of scale? Why or why not?
3. Do the two goods indicate economies of scope? Why or why not?
What two methods can a less developed country use to finance its economic development. internal financing & debt rescheduling or else.
Find out the quantity at which profits are maximal. given that quantity, find out the price charged and monopolist's profits. (solve for answers using the equations)
determine what fiscal policy measure has a more direct impact to the economy1. an increase in government spending or2.
problem 1. an individual has to choose between investment a and investment b. the individual estimates that the income
Governments of country A and country B spend the same amounteach year. Spending on functions relating to dealing with marketexternalities and public goods accounts for 25 percent ofgovernment expenditures in country A
what proportion of sample means from samples of size n 16 graduates fall within acircplusmn3000 from the population
Consider an electricity market with a daytime (peak-period) inverse demand of P=160-Q, and a nighttime (off-peak) inverse demand P=80-Q, where P is the price of electricity and Q is units of electricity.
Rosalie, a wealthy widow, invited an acquaintance, Jonathan, to her home for dinner. Jonathan accepted the offer and, eager to please her, spent lavishly in preparing for the evening. His purchases included a new blazer, new shoes
At what output is the average variable cost (AVC) at a minimum and if the market price of the firm's output is $7.5 per unit, should the firm produce or shut down?
you are given a classical labour theory of value world with two countries zambia and tanzania involved in the
Find the expected value of the lottery induced by accepting the second wage offer and find the expected utility associated with the second offer.
What are the benefits of the staggered movie times allowed by multiple screens? What is the benefit to a multiscreen theater of locating at a shopping mall?
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