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State whether the following ?rms are experiencing economies of scale or diseconornies of scale.
a. West Company can produce 1,500 units at an average total cost of $2.50 or 1,800 units at an average total cost of $2.25.
b. North Companyr can produce 500,000 units at a total cost of $240,000 or 600,000 units at a total cost of $275,000.
c. Iarns can produce 10,000 bags of dog food at a total cost of $150,000. If they increase their production by 7%, total costs will rise by 3%.
Recommended a healthcare reform policy alternative to positively impact insurance coverage and financing the delivery of healthcare in this country. (400 words) Cite appropriate reference.
In 2013, there were numerous global conflicts: civil war in Syria, unrest in Brazil, and continued turmoil in Iraq and Afghanistan. Though many of these conflicts are far from U.S. borders, how might they play out in the American economy (i.e., in la..
Now assume the following specific demand equation: p = 9 – 0.3q; r = 0.1; R= 80; mc = 2. Suppose the resource price is currently $3 per unit. What is the depletion year for this resource under perfection completion?
The price elasticity of demand for eggs has been estimated to be 0.1. If the price of eggs increases by 10% what will happen to the total revenue of eggs produc
Describe how the Monsanto Corporation is a monopolist. How has the government helped the company maintain its power as a monopoly?
What do mean by economics of education? To what extent du you think educational planning and policy decisions ought to be guided by economic considerations?
Ajax Electric Light is a nonunion manufacturing company that produces small light components including a type often used in automobiles. Discuss the difficulty of making a fully "rational" decision in the face of incomplete information, unclear crite..
Describe how the company implemented web services software and hardware and explain why using this combination of software and hardware is better than using an alternative approach to solve the problem
A Nash equilibrium is said to occur when,
Discuss strategic alliances. How successful are they? Why do firms form strategic alliances? Compare and contrast licensing agreements and franchising agreements. Imagine that you are meeting with your superiors to discuss entering a foreign market. ..
Which of the following is NOT a characteristic of equal potential GDP and real GDP?
The Bramwell Corporation has estimated its demand function and total cost function to be as follows:
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