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Give an example of an industry which experiences constant returns to scale and an industry experiencing increasing returns to scale.
Can you think of any other ways it might happen? Also, of the methods discussed by the author, how can governments prevent their occurrence?
How can the culture and teamwork support innovation in the organisation? Give examples of how organisations can foster and develop the culture of innovation.
Assume the United States has the following consumption information: GDP=Income $4000, $6000,$8000,$10000,$12000; Consumption $4500,$6000,$7500,$9000,$10500. Also the economy has G=$1100, I=$404, and Xn=$15. Unemployment in the economy is currently 5...
Include the circumstances of the proposed monopoly and the reason the government stepped in. Predict what would have occurred had the monopoly succeeded.
Identify a good or service that you've purchased in the past week. Identify a substitute for that good or service.
The elasticity of demand for labor with respect to the wage rate will be less if firms using this labor are experiencing decreasing returns to scale than if they are experiencing increasing return to scale True false why
Suppose your credit balance is $16,000. The minimum payment is $352, and the annual percentage rate is 18. 6%.
1. What is the duration of a 5 -year bond with an annual coupon of 7.0% and a 9.0% yield to maturity? 2. What is the price of that bond in the previous question?
Suppose the cost function of a representative steel producer is C(Q) = 1,200 + 15Q2.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
What is a simple strategy for cutting such a cake into 9 pieces such that all pieces have the same amount of cake by volume and the same amount of icing by
A company claims that the mean monthly residential electricity consumption in a certain region is more than 870 kilowatt-hours.
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