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Describe when you have experienced diminishing marginal utility. Also discuss opportunity costs you have had to pay in order to attend school
q. think about a firm recently that you have done business with. illustrate what industry does this firm belong to? for
If air quality improves however re are no effects on aggregate production or on market costs of final goods and services. Illustrate what would happen to GDP.
Explain why is the law of supply and demand in applicable without a ceteris paribus assumptions.
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
Illustrate diagrammatically the set of allocations that are Pareto preferred to the initial allocation.
What is the importance of measuring price fluctuations? How does the change in average price help explain the difference between nominal and real interest rates? (Macro economics, course number AB204)
Fixed costs of production in the short run: Marginal cost can be defined as the: Which of the following is true under conditions of pure competition?
Suppose the price of clerical time remains at $7.50 per hour. How high would the price of an hour of computer time have to be before the firm would find it worthwhile to use only clerks to process the payroll?
Illustrate what are the key determinants of Spectrum Healthcare Resources fixed cost and variable cost in short-run.
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
New safety regulations increase manufacturers’ costs of producing insulation. What happens in the market for insulation as a result?
A farmer who grows organic corn is at risk of having his crop contaminated by genetically modified corn grown by his neighbours. In Silveiras, Brazil, queen ants are regarded as a delicacy, but recently the ant haul has been dwindling because of pest..
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