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Diminishing marginal returns to the variable inputs causes the total cost curve to: a) get steeper as output increases. b) have a negative slop, c) get flatter as output increase d) be horizontal
Business Economics, Economics
What is an example of a repetitive and specific task in which you use descriptive statistics on a daily basis. What is an example of how you consciously or subconsciously rely on the presence of descriptive statistics in ...
Describe two factors contributing to the gender pay gap. Write one equation or one graph for each. What policies could the government pursue to address each factor? Should the government do so?
Charlie's utility function is U(A, B) = AB, where A and B are the numbers of apples and bananas, respectively, that he consumes. When Charlie is consuming 20 apples and 80 bananas, if we put apples on the horizontal axis ...
Number of cars Average trvel time between A and B using route 1 1 10 2 10 3 10 4 11 5 12 6 14 7 18 8 24 Alternative route 2: average travel time is 18 minutes (no matter how many cars are using it) How many cars will tak ...
What type of exchange rate is associated with a higher probability of experiencing a crisis? Why?
A firm undergoes a learning curve over its first few years of existence In its first year, its cost function is C(Q)= 128 + 3Q + 2q 2 with MC= 3 + 4Q In its second year, its cost function is C(Q)= 100 + 2Q + q 2 with ...
Global warming is related to the concentration of greenhouse gases in the atmosphere. Once in the atmosphere, gases remain there for long periods of time (centuries). Greenhouse gases include carbon dioxide and methane. ...
How to determine the points for graphically representing the equilibrium(600000) which was derived from the equation, D=1500000-60000W, S= 120000W-1200000, with wage rate being $15 per hour at equilibrium.
Part a) The mean of the sample was calculated as 500. The sample of 25 observations was randomly drawn from a population whose standard deviation is 15. Estimate the population means with 99% confidence. Part b) A random ...
Why the use of Nash equilibrium is a solution concept in games? Please give me an detailed explain.
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