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Why are many firms likely to experience economies of scale up to a certain size and then diseconomies of scale after some point beyond that?
For decades the U.S. has been a major manufacturer of the World consumer goods. Nowadays, many items we buy from the United States are made in China. What are the economic implications of this practice to both countries?
Consider an economy that produces Camembert and wine Prices and production of camembert for 2010, 2011, and 2012 in that order: Compute the Fixed Weight Price Index for each year. Compute the variable weight price index for each year.
Can this model explain the fact that unilateral divorce law increased the divorce rate temporarily.
Business has only one social responsibility-to make profits (as long as it stays within the legal and moral rules of the game establised by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by..
Our recent recession seems to demonstrate again that expenditures and incomes depend on each other. If markets do not self adjust, how can a decline in spending lead to a negative process that ruins an economy? (Consider referencing the "Keynesian Cr..
Students of Health Resources and Policy Analysis need a solid understanding of the "stakeholders" involved in modern medicine and health care delivery. Prepare your own list of the key stakeholders in U.S. health care as you see them. Describe your v..
Suppose ETP, LLC has estimated its log-linear demand function for therapy as: Ln Therapy = 80-1.4 ln P +1.2 ln M + 0.4 ln Advt Assuming each of these variables is statistically significant, how would the consumption of therapy change if you simultane..
Why should something as essential to human life as water sell for low market prices while something as frivolous as cosmetic diamonds sell for high market price
A physician group in Texas has just increased its physician visit fee from 49 to 81. As a result, the volume of the visits has decreased from 2,374 to 614. What is the price elasticity of the physician visit? (hint: using the point estimate formul..
If technological change shifts the long-run aggregate-supply curve to the right, it will also do which of the following?
For several years, Albert acted as a collection agent for Paulette. Recently, Paulette revoked Albert’s authority to collect payments from customers. However, neither Paulette nor Albert told any customers of Albert’s termination. Yesterday, Theresa,..
The equilibrium constant for hydration of acetone is 2 * 10^-3 which translates into a small percent conversion to the hydrate (1,2-diol).
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