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At quantities above the minimum-cost output:
a. marginal cost is less than average total cost and average total cost is falling.
b. marginal cost is less than average total cost and average total cost is rising.
c. marginal cost is equal to average total cost.
d. marginal cost is greater than average total cost and average total cost is rising.
Does convergence property imply that a measure of dispersion of income per person across the economies will narrow over time? Absolute convergence held for US states from 1880 to 2000. A measure of the dispersion of per capita income across the state..
If the owners could have earned a 20% annual rate of return on the invested money, explain how would the economic profit change (all else equal). How would the accounting profit change.
According to the theory of purchasing power parity (PPP), what will happen to the value of the dollar (against foreign currencies) if the U.S. price level doubles and price levels in other countries remain constant? Why is the theory more suitable to..
Utilizing the preceding write equations for total cost, average cost, and average variable cost.
A computer costs $9500 and its salvage value in 5 years is negligible. What is the book value after 3 years? If the machine is sold for $1500 in Year 5, how much gain or recaptured depreciation is there? Assume:
The fed fights inflation by. Lowering the long term real interest rate, which increase investment and spurs economic growth? Decreasing the monetary base, which raises the interest rate and increases saving?
If her goal is to maximize the amount of money she can make every week, explain how many hours will she work at the bookstore.
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition.
"The principle of the invisible hand asserts that self-interest behavior on the part of resource-owners leads inevitably to chaos" true or false, why?
q1. compare and contrast the way classical and keynesian theory determine the demand for money and how it is related to
Suppose you purchase a 30-year, zero-coupon bond with a yield to maturity of 6%. You hold the bond for five years before selling it. a. If the bond's yield to maturity is 6% when you sell it, what is the internal rate of return of your investment?
Suppose that the pre-tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax bur..
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