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Q1. How short is the short-run production period?Enlighten cost advantage of a firm operating at constant returns to scale
Q2. What is the impact of the shrinking world on whether small to medium sized businesses should engage in international trade?
Q3. Explain the statement, "Fixed costs exist only in the short run. In the long run there are no fixed costs."Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries with the different time frames for the short run. Enlighten why this is the case?
Illustrate the significance of resource pricing explain rule or criteria of employing for resources under pure and perfect competition.
llustrate the black market for lnternet access, comprising the implicit supply schedule.
To increase his market share in the fast food market, Jim would like to increase sales of the firegut to 750 per week, what price should jim set?
Elucidate how much does your service cost also can I set it up for her to use as a studying resource.
Suppose that Frank is considering giving Mike eight paper back books in exchange for 2 CDs. Explain the conditions under which this trade would be mutually beneficial. Also explain the conditions under which Frank and Mike won't make the trade.
Why might a money lender who relies on threat of cutting off future credit to enforce repayment of current loans be less willing to make a loan to an individual that plans to invest money productively.
Suppose that a firm maximizes its total profits and has a marginal cost (MC) of production of $8 and the price elasticity of demand for the product it sells is (-)3. Find the price at which the firm sells the product.
Using an indifference curve, illustrate Lorne's decision if he decides to work 10 hours every day.
Illustrate the perfectly competitive market for root beer in chaseystan has achieved long run equilibrium.
What is meant by "risk premium". Risk premiums on corporate bonds are usually anticyclical; that is, they decrease during business cycle expansions and increase during recessions. Why is this so.
What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry.
In calculating the incremental cost of a particular project, how would you treat the possible future costs of a lawsuit that may occur as a result of this project.
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