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Both the law of diminishing marginal returns and economies of scale concepts are basically the same because both show that production cost will eventually beyond some point of output level.
For this assignment, your task is to write an critical essay on the concepts discussed in the article provided to you, to highlight your in-depth understanding of the topic and of economic issues/concepts/questions raised by the topic, to showcase..
(a) Is this an example of an oligopolistic industry? (b) Provide a rationale for the payoffs to the two firms in each cell.
An asset for drilling was purchased and placed in service by a petrolium production company. it cost basis is $60,000 and it has an estimated MV of $12,000 at the end of an estimated useful life of 14 years.
Explain how banks are financial intermediaries. What are reserves? What are excess reserves? Explain how the Fed can affect the quantity of excess reserves in the banking system.
The text presents the concept of behavioral economics as being a key strategy used in the intervention of substance abuse disorders.
How does the idea of a liquidity trap relate to cyclical asymmetry? Why is the possibility of a liquidity trap significant to policymakers?
What is the p-value for: a two-tailed test - difference between two samples, or between a sample and a population, by the chance variation within the samples.
consider an industry in which chief executive officers ceos run firms. there are two types of ceos exceptional and
The marginal product of labor (measured in units of output) for Expando Corp. is given by MPN = A(400-N) where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $.150 per unit.
You need to briefly describe your art practice and how your selected Visual Arts program will help to cultivate this practice.
Under what conditions is the production possibilities frontier linear rather than bowed out? Explain how absolute advantage and comparative advantage differ
What does the study of ecology include that is applicable to measuring biodiversity? How do humans impact biodiversity?
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