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What is one reason why a grower's average production cost (i.e., their cost per unit) might decrease as the grower increases their production output (economies of scale)?
What is one reason why a grower's average production cost (i.e., their cost per unit) might increase as the grower increases their production output (diseconomies of scale)?
Use the case study description and list of requirements below to create an entity-relationship diagram showing the data requirements
If expected inflation equals actual inflation, what is the rate of unemployment?
q1. assume that in the preceding problem the government levies an excise tax of 5 per dose on the monopolists.
The Clean Air Act aids new entrants in a regulated industry when demand increases and provides an incentive for existing firms to invest in new antipollution technology by:
After Iraq invaded Kuwait, gasoline prices rose dramatically – up 50 percent. There were many effects of the increased price of gasoline. Explain the following effects in terms of the income effect, substitution effect, or both effects:
When oil prices increased 10 fold during the 1973 - 80 energy crisis, many oil companies made huge profits. During the energy crisis, Congress considered imposing an “excess profits” tax on oil companies. If you were in Congress, would you vote for s..
Suppose that on average, unemployed workers find jobs at the rate of 30% per period and employed workers loose jobs into unemployment at a rate of 2% per period
What does this information suggest about Japan's resource endowments?
What should the firm do in the short run? What should the firm do in the long run?
Why is trust such an important trait for politics? In what ways is it helpful for levels of trust to be high? What are some of the causes of the decline in trust? How might trust be regained?
Offshoring and offshoring outsourcing
Save Open Spaces (SOS) is a non-profit organization that promotes protection of undeveloped land. They perform two primary activities:
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