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Show why a monopoly may operate in the upward or downward sloping section of its long term average cost curve but a competitive firm operates only in the upward sloping section.
Suppose that the life length of a component is normally distributed with standard deviation equal to 10 (days). If the component has a reliability of 0.99 for an operation period of 100 (days), what should its expected life length be?
The Bureau of Labor Statistics announced that in October 1996, of all adult Americans, 127,587,000 were employed, 7,221,000 were unemployed, and 66,645,000 were not in the labor force. How big was the labor force? What was the labor-force participati..
For each of the following situations, find the consumer’s optimal bundle. Be sure to show your work. Also, for each case, draw the consumer’s budget constraint, indicate the optimal bundle on the graph, and accurately draw the indifference curve that..
An office building and its equipment are insured to $7,100,000. The present annual insurance premium is $0.85 per $100 of coverage. A sprinkler system with an estimated life of 20 years and no salvage value can be installed for $180,000. Find the rat..
As you may be aware, most Sports Stadiums or Event Arenas – which are constructed using tax dollars. The Cardinals stadium was financed using a sales tax on Rental Cars and Hotel Rooms. Are these facilities Public Goods or Private Goods? Explain why?
Do the following variables have a positive, negative, or roughly zero correlation in a cross- section of countries: GDP per capita and the number of books published (hard copy + electronically) per capita?
The market interest rate increases to 10%. IN the afternoon at what price would your bond sell in the secondary market.
q1. q10000-1000p0.05pop0.610.3awhere q is quantity p is cost pop is population i is disposable income per capita and
Place the words "FOMC meeting 2009" in the search section of the site. Elucidate the consequences of such a decision on the economy.
q.on november 1 2012 james deanne moved from saskatchewan to nova scotia. he traveled 2300 km by car for 4 days in
Suppose that Antonio, an economist from an AM talk radio program, and Caroline, an economist from a school of industrial relations, are arguing over government intervention. Caroline: The usefulness of government intervention in the economy is a long..
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..
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