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What is meant by economies of scale? How can they be the basis for international trade? What is meant by the "new international economies of scale"?
Suppose you mange a firm with two production plants. The marginal product of labor at plant 1 is MP1 = 1400 - L1 where L1 is the number of workers employed in plant 1. The marginal product of labor at plant 2 is MP2 = 2000 - L2
What is the numerical value of the multiplier?
Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices.Price of crackers Quantity Demanded (per month)$3 80 $2.5 120
Interpret the coefficient of LOG (AVGINC). Are its sign consistent with your expectations and determinant factors that explain students' performance in fifth-grade tests. We observe a sample of 420 districts in California
Assume that in a different competitive industry, there are 8 firms, each with a marginal cost equal to MC = 20-10q +q^2 Average cost is minimized at q = 10 and AVC is minimized at q = 8 for each of these firms. Demand for the product is P = 100-QD
Which of the following is an example of an oligopolistic market structure?
The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. Rent-to-Own's required rate of return is 8%.
Prepare a narrative justification for the initiation of such a system.
What is the role of the people in the Texas political system?
With this background in place, you will develop your own list of principles within a specific context that you define, announcing each in summary form and explaining and annotating each one using a combination of information, narration, and reflec..
The MorTex Company assembles garments entirely by hand even though a textile machine exist that can assemble garments faster that a human can. Workers cost $50 per day, and each additional laborer can produce 200 more units per day
One unit of object is going to be sold via auction. There are two bidders, A and B. Their willingness to pay are known to be either of 10,20,30,40,50 and bids are also restricted to those values.
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