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A U-shaped average total cost curve implies what?:
- First, diminishing returns, and then, increasing returns.
-First, marginal cost less than average total cost, and then marginal cost greater than average total cost.
-That total costs are at a minimum at the minimum of the average cost curve.
-A linear total cost curve.
A Los Angeles firm uses a single input to produce a recreational commodity
Calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion.
Should we reduce or eliminate taxes on corporate profits in the United States to lure more of these companies back to the U.S.?
a finn purchased some equipment at a price of $30000, the resulted in an annual net saving of $1000 per year during the 8 year period. at the end of the 8th year, the equipment was sold for $40000. assuming interest of 8%. did the equipment purcha..
q. 1. what is the difference between marginal and total utility?2. can marginal utility be negative? provide an example
If all n identical firms in a market belong to a cartel, how much total output will be produced relative to the monopoly output, and how much will each firm produce?Suppose the graph on the next page depicts the demand for football tic k ets at Gr..
illustrate what can you say about cost elasticity of demand for DVD players. Will cost reduction necessarily lead to an increase in profits for DVD player manufactures.
Will there be significant progress on the poverty front, because of an increase in GDP.
q1. why does the saying no taxation without representation make sense for public goods but not for private goods?
Illustrate what might a more proactive Motorola have done dissimilarly had it correctly perceived the steps its rival Nokia would take.
Choose three of the most effective alternative methods of government finance. Provide a rationale for your choices by explaining why they are the most effective methods, and analyze their impact on the economy.
q.firm 1 is the incumbent in a market lasting two periods with inverse demand curve p74 -9q. its first-period costs are
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