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If all firms, existing and potential new entrants face decreasing industry costs in the long run under perfect competition, the industry supply curve will:
Necessarily be upward sloping
Slope downwards if there are external diseconomies of scale
Slope upwards if there are internal economies of scale
Only be horizontal if there are constant external costs with respect to industry size
Slope downwards if there are external economies of scale
Empirical estimate of the price elasticity of demand indicate that teams actually price in the inelastic portion of the demand curve. Give one example why teams might price their tickets like this.
Contrast the difference between temporary and permanent damages on the incentives of people to build new houses near the cement factory
q1. assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run. if price
An engineering company requested that $500000 be spent on software and hardware to improve the efficiency of some control systems.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
What price would firm set to maximize profit. Compute profit and Consumer Surplus.In diagram given above blue shaded region is consumer surplus and green shaded region is deadweight loss.
If the U.S. interest rate differential increases, then in the foreign exchange market the
The Delphi method used for forecasting:
Evaluate the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
Which of the following does NOT determine the long-run level of real GDP?
Use the orange points square symbol on the graph below to plot the short-run industry supply curve for the wheat industry.
Which of the below are examples of substitute goods
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