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1. Why are some firms "large" and other firms "small"? Use the concepts of "coordinating costs" in your answer
2. Suppose firms get smaller. Why might that happen?
3. If worker-monitoring costs go down, what will happen to the size of the firm?
Using the AD-AS model, if consumers and business become more optimistic about the future direction of the economy and increase spending, then:
Quantity demanded of a product and Explain law of Demand.
In a small open economy in a flexible exchange rate system with perfect capital mobility, there is complete ________ crowding-out of ________ policy. An increase in the nominal money supply will shift
Think that the following data for a simultaneous move game. If you advertise and your rival advertises, you each earn $5 million in profits.
Examine the decisions of a small business owner. Since microeconomics is the study of individual households, firms, and government, we will take a closer look at the operations of a franchise firm.
What direction should government purchases be changed?
Adrian is about to borrow $2,814 from his uncle. He has an option to repay the loan at the end of year 5 with 9.62% simple interest per year or with 5.36% interest per year, compounded annually.
The effect of a trading partner who imposes a binding import quota on the good the home country is export subsidizing? Who are the winners and losers under these circumstances?
The worldwide demand for wheat from the U.S. increased and caused the price of wheat in the U.S. to rise. This is a specific instance of a more general economic principle.
Self-interest is a powerful motivator. Does this necessarily imply that people are selfish and greedy? Do self-interest and selfishness mean the same thing"?
Are any employees of your company represented by labor unions or covered by collective bargaining agreements? Are any of these employees working outside of the United States?
Suppose the current price of copper is $3 per pound and the quantity supplied is 200 pounds per day. If the price of copper falls to $2.50 per pound, the quantity supplied drops to 180 pounds per day. Use the midpoint formula to calculate the price e..
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