Cost LRAC B A Quantity Figure 1 Long run average cost curve for a firm Figure 1 shows a long run average cost curve for a firm. If the firm increases output from point A to point B this is an example of: Select one: O i. A change in production function O ii. Economies of scale O ii. Constant unit cost O iv. Diseconomies of scale

Q: The price of a product is expressed as p, PHP = 10 – 28D where D is the demand. Which of the followi...

A: Given Price function P = 10 – 28d    

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A: inadequate levels of public goods refers to the market failure and in economics, market failure is a...

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A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is...

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A: Supply and demand are equivalent in case of Equilibrium stage, and Qd=Qs. In given case:

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A: Total cost is the sum of all the costs that a firm incurs for the production of a good. The total re...

Q: Suppose that monopolist faces the following demand curve: P = 80-3Q. Monopolist operates in two plan...

A: Answer:- (c) q1= 6 and q2= 4

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A: To find : How great migration affected social and economic structure in US. 

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A: RGDP Tax DI C S I G X-M Planned AE Chg in Inv 5 1 4 3.7 0.3 1 0.8 -0.5 5 - 5.5 1 4.5 4.1 0.4 1.1...

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Q: What happens to the consumer surplus that is lost upon imposition of a price ceiling?

A: Consumer Surplus:- The disparity among the buyers' willingness to pay as per their taste and choices...

Q: Look at the graph. Then answer the question that follows. PA D1 D2 P1- Q1 Q2

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Q: State the causes of inflation

A: The concept that depicts a general rise in the value of goods and services within a period of time i...

Q: An increase in price, all else held constant, would cause a change from       Multiple Choice   p...

A: The supply curve shows the association between the price of commodity and quantity of the commodity ...

Q: Marginal Cost 11.50 11 Price 10.50 Average Total Cost 10 9.50 10 20 50 60 Quantity 30 40 Based on th...

A: A perfectly competitive firm is one of many firms that sell homogeneous goods in the market.

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A: Gross Domestic Product is the final value of goods and services produced in the economy during a giv...

Q: kindly explain factor vouch insurance startup factors demand and supply of the company?

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A: Here, it is given that the supply of music downloads is increased in the market. 

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A: Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers pay...

Q: What was the death rate of coronavirus pandemic 2019-2020?

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A: The expenses that are being incurred for running a business and carrying out its other transactions ...

Q: What happens when supply is more elastic than demand; and vice versa?

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A:

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A:

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A: Given the information: Interest rate, r = 10% Number of payments, n = 6 Annual amount = C

Q: two (2) differences between the consumer price index and the GDP deflator

A: CPI is Consumer Price Index.  GDP Deflator is Gross Domestic Product Deflator.

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A: Inflation is an expansion in the level of prices of the labor and products that families purchase. I...

Q: Please explain the picture below.

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.