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"Because of economies of scale, it is sometime more cost effective for a firm to operate a large plant at less than maximum efficiency than a small plant at maximum efficiency" Do you agree with statement? Explain.
Please describe the policy suggestions you might have for the Federal Open Market Committee if you were appointed adviser to the Federal Reserve Bank. Imagine the country is experiencing economic slump and the FOMC is not sure what monetary policy ac..
Home’s demand curve for widgets is D = 5000-20P, where D is quantity demanded and P is the competitive price. Home’s competitive supply curve is given by MC = 100 + S/10, where S is quantity-supplied. In a competitive market, P = MC. Calculate the ef..
Some Health Economists believe that the demand for medical care may be “supplier” or physician-induced. State whether under a Fee-for-Service and under a Capitation financing structure physicians will have an incentive to increase or decrease demand.
If the financial plan is believed to be extremely accurate, then the amount of financing would be
If the demand for gold residue high explain what would happen to the price in excess of time.
What are your most distinguishing leadership traits? What traits do you strive to learn to develop? As a follower, what leadership approach do you prefer from your leader?
A perfectly competitive firm operates in the short-run with labor as its only variable factor. At what weekly output is marginal cost equal to average variable cost? What is the minimum product price at which the firm will operate in the short-run? H..
Countries A and B have two factors of production, capital and labour, with which they produce two goods, X and Y. Technology is the same in both countries. X is capital intensive; A is capital abundant.
[Adverse Selection] A buyer wants to purchase a house from a seller. Let v be the quality of this house. The quality v is known to the seller but unobservable to the buyer. The buyer thinks that the possible values of v are $10k,$100k,$150k,$200k and..
A prominent senator has calculated the total social benefit of the current amount of space exploration at $3 billion per year. The total social cost of space exploration is currently only $2 billion. The senator argues that a net gain to society w..
Suppose you are the manager of a California winery. How would you expect the following events to affect the market equilibrium price (up or down) you receive for a bottle of wine? Please state the shift (leftward or rightward) of demand or supply.
Assume that SHELL, Corp. Coupon bond currently sells for $5,800. Bond has a 5 year maturity, an annual coupon payment of $261, and a future value of $5,800. What is the promised yield to maturity on SHELL bond? Calculate the promised YTM on the SHELL..
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