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What are agglomeration economies, localization economies, and urbanization economies? How do they affect business costs? Provide examples of each.
Illustrate what specific factors might have accounted for this event.
Explain how much he finishes up paying each provider every month. Explain how much customer extra he obtains with each provider.
Which of the subsequent is directly included in the calculation of the GDP?
Differentiated goods are NOT a feature of a:
Question 1: Which of the following approaches to understanding and predicting consumer behavior depends primarily on the knowledge and experience of a firm's employees and its suppliers?
Tom hired a demolition company, to level an old building on a busy downtown lot. The demo company was given full rein to decide on the amount of explosives needed and the placement of the charges. Security for the site on the day of the explosion was..
Should sports leagues be allowed to remain as cartels? More than 100 years ago, the American legislative leaders decided that it was necessary to pass laws prohibiting "...any combinations or conspiracies in restraint of trade." However, the professi..
How are the forecasts likely to be inaccurate? What do you think is driving inaccuracy? How might this problem be solved?
The single price monopoly faces a demand curve of p=90-Q and a constant marginal (and average) cost of m=$30. Find the profit maximizing quantity (or price) using math. Determine the profit, consumer surplus, welfare, and deadweight loss.
If an asset costs $15,000 and after 3 years the salvage value is $2,000, what is the book value at the end of year 2 using SOYD? What does MACRS stand for? A new motorcycle costs $4,000 and has a lifespan of 10 years. The salvage value is $500. Using..
According to foundation of economics by Robin Bade, in chapter page 80 the multiple choice question in table 1. Table 1 shows the PPF of an island community. Choose the best statement. Mary makes 10 pies and 20 cakes a day and her opportunity cost of..
We are interested in checking if larger cities have higher rates of influenza than we would expect just from them being larger (Does a 1% increase in population result in a more than 1% increase in Influenza). Compute the t-statistic and determine if..
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