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1. Explain why it is important for a firm to know it's efficient scale of production and how a firm determines its efficient scale of production.
2. Explain how a market with no barriers to entry or exit results long run economic profits equaling zero.
A problem with third-party financing of so much of health care is that
Would a dynamic approach to taxation be more likely to lead to economic growth than the static approach in a country with a falling tax base? What about in a country with a growing tax base?
Which of the following problems are likely to be studied by a macroeconomist and which by a macroeconomist?
What are at least two diagnostic checks you should apply to a Box-Jenkins model to determine its reliability (excluding error measures such as MSE, RMSE, etc.)?
q1. a farmer determined a natural gas preserve on his property. he can extract the natural gas for a profit of 40 per
For the production of the type Q = 2K + L with wage rate w = $1 and price of capital (rental rate) v = 1, the expansion path is K axis. Do you agree? If any firm experiences increasing returns to scale in a perfectly competitive industry then the ind..
Suppose your elasticity of demand for your parking lot spaces is -0.5and price is $20 per day. If your MC is zero and your capacity at 9am is 96% are you optimizing?
Suppose that Bob withdraws $100 of cash from his checking account at Security Bank and uses it to buy a camera from Jor, who deposits the $100 in his checking account in Serenity Bank. Assuming a reserve ratio of 10 percent and no initial excess rese..
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
In 1979, in the face of rising competition in the fast food hamburger market, McDonald’s reduced the price of its cheeseburger to $0.43. If the CPI in 1979 was 37.2 and the CPI in 2005 was 100, what is the price of a 1979 cheeseburger in 2005 dollars..
Many small companies use accounts receivable as collateral to borrow money for continuing operations and meeting payrolls. If a company borrows $230,000 now at an interest rate of 16.00% per month, but the rate changes to 18.00% per month after 6 mon..
An increase in the price of sodium carbonate, a chemical compound used in detergents will:
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