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Companies (Producers) usually strive for maximizing profit or minimizing the costs, often at a very high cost in overall economy. Please response to the following questions:
a) Economics students often confuse diminishing marginal returns and diseconomies of scale. Explain the difference between the two, and give one example of each.
And in this market there are two firms with MC=AV= $10. Perfect competition price, quantity, and consumer surplus?
What effect does the payment of government unemployment benefits have on the unemployment rate?
Solve for the amount imported, consumer surplus, and producer surplus. Suppose a per unit tariff of $64 is imposed by the government. Solve for the consumer surplus, producer surplus, government revenue and total surplus with the tariff.
In the 1970s, the economy experienced stagflation - a situation where prices rise but output falls. In the short run, then, stagflation must be caused by. In the long run, the shift described in the last question would cause ________ in the price lev..
Illustrate what will the average total cost be after 1 unit is produced. Elucidate what impact does the dollar appreciation have on the firm's international competitiveness.
A bank can safely reduce its amount of reserves if: congress passed the Credit Card Accountability and Responsibility, and Disclousure Act in order to: Banks often have to sell their loans at fire-sale prices. With the decline in commercial and inves..
Illustrate the effect of capital formatin by comparing the production possibility curves, at the present time and ten years in the future, for two economies, one with a high and the other with a low rate of capital formation.
Did the consistent lowering of the Federal Funds Rate Target during 2007 & 2008 have an effect on the exchange value of the U.S. Dollar?
The terms price maker, price setter, and price searcher are all meant to imply the same thing, which is. In monopoly,
How much would government get if it introduced a 15 percent income tax? Revenue $ d) How much would government get if it introduced a 15 percent sales tax on final output?
Suppose that we are interested in the effects of police on crime using data from a random sample of US counties. We plan to regresses the county's number of crimes per capital on the per capita size of the country's police force. This regression does..
In a situation that occurs only once, if you advertise and your rival advertises, you will each earn $5 million in profits. If neither of you advertises, your rival will make $4 million and you will make $2 million. What is the solution or equilibriu..
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