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Internal economies of scale
Why is an increase in the number of varieties of a good regarded as a gain from trade? Use a diagram to demonstrate. Can you think of any disadvantages from greater product variety?
From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following: Discuss what economic theory predicts will happen. Draw a supply and demand graph illustrating the effect of a minimum wage.
If a firm is very dependent on firm-specific human capital then is should: a)develop programs for sending employees to the local university b) create a extensive internal labor system for career advancement c) offer compensating differentials for har..
What is meant by the Consumption Possibilities of a country? How are Consumption Possibilities related to Production Possibilities in a closed economy?
Suppose you have a non-standard deck of cards. The deck has 25 cards: 5 Aces, 5 2's, 5 3's, 5 4's, and 5 5's. Suppose the deck is well-shuffled.
Discuss the significance of economic development to international marketing. Why is the knowledge of economic development important in assessing the world marketing environment? Explain.
If the price increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?
How many major wireless phone handset manufacturers are there?
The slope of the Phillips curve: Draw a graph with a steep Phillips curve and a graph with a gently sloped Phillips curve. Explain how the two economies respond differently to a boom and to a slump. What are some factors that might influenced the slo..
$1000 was withdrawn from a savings account earning 3% interest, $2000 additional was borrowed @ 7% interest. What is the opportunity cost of the financial capital invested in the business? When a firms only variable input is labor, then the slope of ..
The supply of lettuce in the short run will be? ________ than the supply in the long run and? ________ than the supply today. Deadweight loss is
Indicate the relationship between national savings, domestic investment, current account balance and the net international investment position
During the Christmas season, the Osceola School Superintendent orders each of the high schools within the school district to prominently display the nativity scene. Discuss at least two advantages and disadvantages of litigation as a dispute resoluti..
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