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Indicate whether each of the following involves an upward or downward shift in the long run average cost curve or, instead, involves a leftward or rightward movement along a given curve. Also indicate whether each will have an increasing, decreasing, or uncertain effect on the level of average cost. Show all work.
A. A rise in wage rates
B. a decline in output
C. An energy-saving technical change
D. A fall in interest rates
E. An increase in learning or experience
He starts this year with nothing in the bank and ends next year with nothing in the bank. Draw his budget constraint in E1 - E2 space.
Is it necessary to register a trademark? What are the benefits to registering a trademark? What distinguishes a trademark from another symbol or group of words?
Predatory pricing is easy to prove in court. Learning curve effects may enable an incumbent to produce at a lower cost than a potential entrant. A firm can benefit from strategies that raise the marginal costs of its rivals.
whenever the same efforts must be made to uncork also pour both bottles.
Explain what you think causes the economy to go into a recession. Be sure to reference the theory/school of thought you are basing your response.
Explain the relationship between scarcity, choice and opportunity cost. A well-structured answer will include:
q.for the questions below write an explanation of the short-run effect including the determinant of ad or as that is
Assume you are the plant manager for Crossroads Sign Company, which produces road signs in a market that approximates perfect competition. Due to a slow economy, business has been slow and the company is losing money every month.
q.demonstrate the demand and supply program for calculators in norway and sweden. on graph paper sketch the demand and
A friend borrows 500$, agreeing to pay back the loan principal plus 75$ interest one month later. One year goes by and he doesn’t pay. Exactly one year later you ask him to pay the loan immediately plus an interest with monthly compounding.
q1. assume which there is an increase in total factor productivity. in the search model of unemployment find out the
Problem: Table Illustrates the supply and demand schedules for calculators in Sweden and Norway. On graph paper, draw the supply and demand schedules for each country.
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