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Problem
1. Give an example of a trading economy of scale.
2. Give two examples of diseconomies of scale.
3. Why has the small-firm sector of the economy grown in the 1980s and 1990s?
If the dealers colluded to limit inventories, what would be the maximum monopoly profit they could earn collectively? Would individual dealers have an incentive to cheat on their inventories? Explain.
According to Keynesians, a small increase in autonomous expenditures most likely causes a large increase in aggregate equilibrium income and output in the economy
A problem often discussed in the engineering economy literature is the "oil-well pump problem." Pump 1 is a small pump; Pump 2 is a larger pump that costs more.
If three-quarters of the world’s cattle are killed by a new disease
The mean February 1 daily high temperature in Juneau, Alaska, between 1945 and 2005 was 1.1 °C with a standard deviation of 1.9 °C. Based on this information, do you think it is reasonable to believe that the February 1 daily high temperature..
the airline market was deeply impacted by the recession of 2008 and by the following slow recovery. describe
part 1 de?nitionsfor each pair of termsconcepts de?ne each termconcept and explain the relationship between them. the
How does the rate of population growth influence the level of GDP per person?
An artist makes a beautiful instrument that becomes famous throughout the country. A number of claimants arise, each of whom argues that they deserve the flute: the artist who created it, the most talented musician, the poorest musician, the neediest..
what are governments fiscal policy options for ending severe demand-pull inflation? use the aggregate demand-aggregate
What will happen to a country that fixes the price of foreign exchange below equilibrium? What factors will shift the supply and demand for currency? What are the three categories of transactions in the balance of payments? Give an example of each.
Evaluates the cooperation and competition of the economic development institution, in relation to the stability of the membering countries, and the pros and cons of the institution's inception.
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