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Intermediate economics hw help

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   Related Questions in Microeconomics

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    Producer’s Equilibrium: A producer (or a firm) is said to be in equilibrium whenever it earns maximum gains. Profit maximization of a firm signifies maximizing the difference between total cost and total revenue. Whenever the gains of the firm a

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    The least possible costs of alternative outcomes to the primary economic question of “what?” can be represented with the production possibilities curve through: (1) The slopes of movements all along the curve. (2) Shifting the curve up by

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    When the economy was in a complete equilibrium, in that case the distribution of income would be precisely proportional to the distribution of: (a) taxation. (b) inheritance. (c) luck. (d) wealth.

  • Q : Simultaneously and automatically

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  • Q : Average productivity of labor When the

    When the capital-to-labor (K/L) ratio rises, the: (1) productivity of capital tends to increase. (2) profitability of capital investments will raise. (3) average wages paid to labor will probably decrease. (4) average productivity of labor generally i

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    Elucidate why are firms mutually interdependent in oligopoly market.

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