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Cost in terms of pain, discomforts, disabilities involved in supply of factors of production by their owner are termed as ______
a) Real cost
b) Explicit cost
c) Social cost
d) Implicit cost
Illustrate what problem is posed by any comparison over time of market values of various total outputs. How is this problem resolved.
A company produces two main products: electronic control devices and specialty microchips. The average total cost of producing a microchip is $300; the firm then sells the chips to other high-tech manufacturers for $550. Should the company produce co..
The Following table shows the regression coefficient (B) and the t-statistics (T) for the variables influencing business traveler demand for hotel rooms (including hotel prices and attributes) from the study.Which characteristics are most and least..
Illustrate what is payback period method of investment. Explain how it can be applied to choose among investment project.
How will the effect on price of an outward shift in demand for labor differ from the effect on price of an equivalent shift in the demand for land.
International data show a positive correlation (i.e, relationship) between political stability and economic growth. Through what mechanism could political stability lead to strong economic growth? Through what mechanism could strong economic growth l..
The demand curve for cookies is down word sloping, when the price of cookies is $2, the quantity demanded is 100. If the price rises to $3, what happens to consumer surplus?
A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
Which of these are assumptions of the Modified Accelerated Cost Recovery System (MACRS)? All assets have zero salvage value. All service dates are assumed to be at the end of the purchase year.
Consider a Stackelberg game of quantity competition between two firms. Firm 1 is the leader and firm 2 is the follower. Market demand is described by the inverse demand function p = 100 ? 2Q. Each firm has a constant unit cost of production equal to ..
Resizing them as necessary, to illustrate your analysis. In each case, Illustrate what are the short-run and long-run effects on the aggregate price level and aggregate output.
What is the relationship between the multiplier and the marginal propensities? Explain.
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