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Q. Based on the production function parameter estimates reported:
a. Which industry (or industries) appears to exhibit decreasing returns to scale? (Ignore the issue of statistical significance.)
b. Which industry comes closest to exhibiting constant returns to scale?
c. In which industry will a given percentage increase in capital result in the largest percentage increase in output?
d. In what industry will a given percentage increase in production workers result in the largest percentage increase in output?
Why is popcorn so expensive at the movies? Argue both that a high price for popcorn is price discrimination and then argue that it is not price discrimination.
A residential rental property is acquired during the first month of the taxable year, at a total cost (including transaction costs) of $1,200,000.
q.the below information about the market for chocolate bars are revealed by market research demand schedule qd 1600 -
q.based on the production function parametera. which industry or industries appears to exhibit decreasing returns to
What is the amount of 10 equal deposits that can provide five annual withdrawals, where a first withdrawal of $2,000 is made at the end of year 11 and subsequent withdrawals increase at the rate of $500 per year, if the interest rate is 10% compou..
And in this market there are two firms with MC=AV= $10. Perfect competition price, quantity, and consumer surplus?
Explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of cartels.
Explain the long-run effect of an increase in nominal money supply on the amount of real money balances available in the economy.
If the potential recipient decides to work, she will receive a wage of $8 per hour. Show the budget line for the potential recipient using the above information.
q. 1. does the mincer model take unequal access to education into account? discuss the shortfalls of this model in that
q.suppose that the inverse demand curve for paper is p 200 - q. the private marginal cost is mcp 80 q and the
Department of Health and Human Services, but rather with the Internal Revenue Service. What evidence can you cite to support your position?
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