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Suppose a firm has the ability to produce? soap, toothpaste, or both.
If the firm produces qS units of soap and no? toothpaste, then the total cost of production will be ?$15 thousand. If instead the firm produces qT units of toothpaste and no? soap, then the total cost of production will be ?$13 thousand.? However, if the firm produces both qS units of soap and qT units of? toothpaste, then the? firm's total cost of production will be ?$79 thousand.
Does this firm potentially experience economies of? scope, diseconomies of? scope, or no economies of? scope?
This firm potentially experiences diseconomies of scope.
What is the? firm's degree of diseconomies of? scope?
The degree to which this firm potentially experiences diseconomies of scope is
Explain the following : a) Why the long-run aggregate-supply curve is vertical. b) Three theories for why the short-run aggregate-supply curve is upward-sloping.
Production Economics
what is globalization? how does it impact international business? what are important aspects of globalization? in
Sarah has won a lottery that pays her $90 000 at the end of this year, $110 000 at the end of next year, $130 000 the following year, and so on, for 30 years.
Explain why there is an inverse relationship between the price of bonds and the relevant interest rate. Explain the effect of each of the following upon interest rates and upon the price of bonds:
If the MPPL / MPPK in the production of a good is less than w/r, why is the producer not in producer equilibrium? Explain how, with no change in budget size.
This assignment aims to provide association between what you learn from economic models and concepts in class with real-life events happening around you.
Cathy Song's "Picture Bride" and Sandra Cisnero's "Woman Hollering Creek" both address culture and gender. Choose one of the works and discuss what you consider to be the dominant idea? Why? Your response should be at least 200 words.
What is the difference between a change in demand and a change in quantity demanded? Explain why a supply curve slopes upward.
Two points on a standard indifference curve are 8 cookies and 2 brownies, and 6 cookies and 4 brownies. Which of the following combinations of cookies and brownies could lie on this indifference curve
Explain how the data will be physically collected. Calculate the sample size for the mean or sample or sample size for the proportion. Explain where data will be stored and how it will be protected.
5) Consider two people playing an ultimatum game over $10 that can be divided in $1increments ($10-$0, $9-$1, $8-$2, etc.). Suppose it is common knowledge among them that both have Fehr-Schmidt utility functions with the assumptions given i..
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