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If there are no fixed costs of production, the q that solves the firm’s first-order condition is
(a) also likely to solve the firm’s second-order condition.
(b) the q that leads to the highest possible consumer surplus.
(c) the same as the q that minimizes AC and AVC.
(d) the same as the q that minimizes only AC.
Elucidate before economic growth, there were too few goods, after growth, there is too little time.
Describe the changes in price and quantity moving from one equilibrium to another. Be sure to identify what increases, what decreases, or what may do either.
Illustrate what do your results tell you about the relative desirability of perfect competition versus monopoly in the presence of externalities.
Ilustrate what is the marginal product of capital and labor. Does the answer depend on how much labor and capital are used.
Discuss how an organization benefits from operational planning, and how operational planning and budget planning are related. Explain how “system thinking” improves operation decision making.
What impact would you expect this increase in the gap in living standards between the richest and poorest to have on income elasticity today? Briefly discuss.
When a restaurant stays open for lunch service even though few customers patronize the restaurant for lunch, What are the principles is (are) best demonstrated.
Congress cannot dictate how many workers industries hire at mandated wage. Given this fact, Illustrate what are effects of this law. Specifically, illustrate what happens to employment, output and total amount earned by workers.
What price should the leader charge to drive all the small firms out of the market? Write the marginal revenue function of the dominant firm.
Explain the entities affected by social regulation. My question is Illustrate what do they mean by the word "entities"?
Illustrate what entity establishes a cost ceiling and does it require government sanction for violators. Will it result in a surplus or a shortage.
Based on your graphical analysis, explain the predicted impact of Mr. Buchanan's proposed policies. Specifically state what happens to the exchange rate, the trade balance, the volume of imports, and the volume of exports.
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