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If the time-frame at hand is sufficient for all inputs to be variable (adjustable), then the firm is
a. experiencing economies of scale.
b. in the long run.
c. off its expansion path.
d. limited only by the capacity of its fixed capital.
One thousand dollars is deposited into an account that pays interest monthly and allowed to remain in the account for three years. If the annual interest rate is 6%, the balance at the end of the three years is closest to
q. in the early 1980s new legislation allowed banks to pay interest on checking deposits which they could not do
The graph below, with the market wage (W) and the shadow wage (W*) on the vertical axis and hours of market work (Hw) on the horizontal axis, is meant to represent the labor supply situation of two different women with identical preferences but with ..
What would we expect a positive supply shock to do to the real wage? Employment? Explain. The rate of growth in Canada's real GDP is expected to be only 2% next year. What do you predict will happen to the unemployment rate? Explain.
A man is buying a small garden tractor. There will be no maintenance cost during the first 2 years because the tractor is sold with 2 years free repairs. The third year the maintenance is estimated at 80. Subsequent years will increase by $40 per yea..
In an agency relationship, someone agrees to perform a task for, and under the control of, someone else (the principal). An agent is the person who is acting on behalf of the principal in an agency relationship. Identify three (3) types of agency und..
Elucidate how has the number of payroll jobs changed over the last 3 months and over last year in Antigua and Barbuda.
What are the equilibrium price and quantity for this monopolist if it charges a single price to everyone? How much profit does the firm make? Show on the graph whether this market is operating efficiently. Calculate the dead weight loss. Calculate th..
Compare an owner's personal liability for debts of a business organized as a sole proprietorship, general partnership, limited partnership, LLP, LLC, and S corporation.
q1. assume that the popular car dealer in your area sells 2.50 of the entire vehicles. if all other car dealers sell
What is the Bretton Woods system? Why was it created and why did it collapse? How has this collapse ushered in more volatile exchange rate and frequent financial crises?
Venezuela had considerable capital outflows after election of Hugo Chavez. If Venezuela had fixed exchange rates, determine what effect would these flows have had on Venezuela's overall balance and value of the Bolivar
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