Major portion of the cost of production
For many corporations, a major portion of the cost of production is fixed in the short term run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions? Why?
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In a population of 225 women, the heights of the women are normally distributed with a mean of 64.5 inches and a standard deviation of 2.9 inches.
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By how much will total economic surplus change if the city council passes a law requiring employers to include full reimbursement for rhinoplasties in their employees' health coverage?
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What the avantage of using capital in the production?what iss mean by the term division of labor?what are the advantage of specialization in the use of human and material resource?
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