November 2020

Question: Explain the Law of Diminishing Marginal Returns and Economies of Scale in context of a production firm. Critically analyse in which context of production firm these economic conditions operate. Evaluate how a firm that has attained economic of scale benefits the society and affect its profitability. The post CON3400 Industrial Economics appeared first on […]

Task: Based on the attached article co-authored by Jeffrey Cheng, Dave Skidmore, respond to the following questions:   1. As stated in the article, one thing the Fed doing to support the U.S. economy and financial markets encouraging banks to lend when eliminated banks’ reserve requirement, i.e., setting the reserve requirement to zero.  a) The Fed

Assignment The purpose of this milestone is for students to explore the various costs their firm faces and to describe their firm’s market. Using the concepts and tools developed in Modules Four and Five, students will analyze the fixed and variable costs of their firm, how those costs have changed over time, and how those

Task: 1) Why is it possible to change real economic factors in the short run simply by printing and distributing more money?2) Explain why a stable 5% inflation rate can be preferable to one that averages 4% but varies between 1-7% regularly.3) Explain the difference between active and passive monetary policy.4) Suppose the economy is

Questions 1.The most common example of a market with perfect competition is agriculture. How could farm subsidies distort a model of perfect competition? Explain. 2. American corn farmers receive billions of dollars in taxpayer subsidies each year. These subsidies allow them to sell their grain at prices below what it costs to produce it, particularly

Questions: 1.What is ‘short run production and cost’? 2.What is ‘long run production and cost?   3.Give 1 example of short production run situation and why? 4.Give 1 example of long production run situation and why? 5.Why are costs different between ‘long run production’ and ‘short run production’? 6.How do ‘long run production costs’ vs. ‘short

Which dramatic genre of this opera ? why ( 3 sentences ). Describe the use of the costuming in this performance ( 4 sentences) . Describe the use of set design and scenery in this performance ( 4 sentences)describe the use of props in this performance ( 4 sentences). Describe the use of lighting in

Instructions:Review the information from lecture and then complete the two parts of this activity below Part 1: Calculate the fundamental frequency or the period of 1 cycle of vibration (using a calculator) based on the information provided on the table below. Complete the empty cells with your numbers. Period of 1 cycle of vibration Fundamental

a.Based on the utility function and budget constraints stated above, construct the sequential Lagrange function. b.Based on the Lagrange function in part a, compute the two first-order conditions with respect to c1 and c2. c.Based on the Lagrange function in part a, compute the first-order condition with respect to c2DUR . d.Using the first-order conditions

Assignment 1.Given that the price elasticity of demand (ϵ) is 0.5, a.How does demand change if the price is increased 1% b.How does demand change if the price is decreased 5% c.How does demand change if the price is decreased 50% 2.The Linear Price-Response Function. The total potential market for mini-jumbo-shrimp is D=150,000. We know