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Explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination relates to longer-run strategies versus current operations. Also, discuss the differences between economies of scale and economies of scope and how firms can benefit from each. Then, provide a specific company example of economics of scale or economics of scope and how it affects production and cost or how technology affects the inputs and costs. Conduct research and use specific examples.
Write an article critique on labor relations (attached) with the following guidelines and questions. There is a minimum requirement of 750 words for the article critique.
Calculate the predicted change in tickets sold if the price were raised to $11. Also elucidate the expected change in total revenue.
Explain the effectiveness of the exchange rate regime being used in terms of achieving macroeconomics objectively in South Africa and discuss any four macroeconomics objectives which can be used to judge the performance of the economy.
Equality in the processes and procedures of government does not always equate to "equality" of outcomes or conditions for citizens. Discuss several examples of this in the U. S. today and recommend a solution to one of your examples.
There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $10,000 per mile to set up. How much would it cost to fence a single property whose area is one square mile
Would you say that groupthink is often the path of least resistance for individuals who simply don't want any trouble?
In Japan potential GDP is 600 trillion yen and table demonstrate aggregate demand and short run aggregate supply schedules.
If the demand function is D=4-P, the supply function is S =2+P. Draw the graph of the market equilibrium and calculate the equilibrium price.
Which of the following is a central proposition of orthodox Keynesianism - output is constrained by aggregate supply
British Prime Minister Lady Thatcher planned a poll tax that levied an equal amount of tax on every citizen regardless of his or her income.
South Africa's real GDP was 1,900 billion rand in 2011 and 1,970 billion rand in 2012. South Africa's population was 50.5 million in 2011 and 51.0 million in 2012. Calculate
Illustrate what is more important for them to monitor and target, inflation or interest rates.
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