_____ Selected Answer: €16 Correct Answer: €16 Question 3 0 out of 1 points The difference between the price of a good and the marginal cost of that good is called Selected Answer: profit Correct Answer: producer surplus Question 4 1 out of 1 points To increase output from 33 to 66 units requires ______ extra employee-hours; to increase output from 66 to 99 units requires _____ extra employee-hours. Selected Answer: 1;2 Correct Answer:
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Ammonium sulfate foreign producers 1. Highlights One of the largest producers of specialty chemicals‚ fertilizers‚ plastics and packaging in Latin America. Major producer of styrene and polystyrene. Latin America’s sole producer of acrylonitrile (AN)‚ methyl methacrylate (MMA)‚ acrylic and polycarbonate resins‚ polycarbonate films and cyanides. Largest producer of cast acrylic sheets in the Americas. Latin American’s largest ammonium sulfate producer http://www.unigel.com.br/
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Why the U.S.’s deficit‚ surplus and debt have an effect on a domestic automotive manufacturing (exporter) and Unemployed individuals Unemployed Individuals Unemployment has been a serious problem that need attention and to be fixed. This is the cause of the large deficit in the U.S. because those that are unemployed do not or cannot pay taxes. Instead of the money going to large corporations or wealthy people‚ they should be investing the money into helping those without work find work. If people
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University of XXXBUS 500B Fall 2014 Homework 2.2 Due Date: Sunday 09/28 Instructor: KittiTrade 1. Nation A’s production in 1 day Nation B’s production in 1 day Computers 100 Software 140 Computers 120 Software 150 Two nations can produce computers and software in the amounts given in the table above. Using the same amount of resources to produce two goods. Draw PPF curve and explain the reason of each question. a. Does either nation have an absolute advantage in producing
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The customer as co-producer Solveig Wikström - School of Business‚ Stockholm University‚ Stockholm‚ Sweden Introduction A look at what is happening in the world of business today shows that the focus of business development is now gradually moving away from products and factories. Instead‚ interest is concentrated on the various processes taking place around the customer. This orientation is not new. Concepts such as “customer orientation”‚ “close to the customer”‚ “customer segmentation” and
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Minimum Support Prices A Microeconomics Project This project analyses the Minimum Support Prices (MSP) applied by Government of India. Justification for the MSP applied to wheat is also given. Finally‚ measures to reduce the MSP expenditure are recommended. ACKNOWLEGEMENTS We would like to thank our mentor Dr.Chandrima Sikdar for making herself available whenever we asked for any help and advice. Regular discussions with her molded our approach to problem solving. She showed us the importance
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profits. However‚ other firms will compete for these superior factors in order to also produce at lower cost‚ which increase the opportunity cost of holding these superior factors. Thus‚ firms with lower MC can’t make economic profit because the producer surplus from lower MC has been used to acquire the superior factors. 3. It is a good idea for George to enter the cranberry industry. The reasons are as following: 1) The cranberry industry shows steady growth rate. 2) George has the opportunity
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Macroeconomics LP4 Assignment A price ceiling is a sort of price control governments have imposed to control the price when the price is higher than it should be. Sellers try to sell more of their product because the price is high. But buyers do not want to buy at that price. Price ceilings commonly lead to shortages and are typically associated with long lines. When a new toy or video game comes out there is usually some kind of wait‚ whether in line or on a waiting list. When “tickle me
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Economics Samantha Fyffe Stevens-Henager College It is important to learn economics because many of us don’t realize that the things happening around us are part of economics. Some of the simple things that go on in our daily lives are just things like; The Principles of Economics‚ Supply and Demand‚ or Market Efficiency. With economics we learn to put a name and a deeper meaning to these things. I will explain these things as well as my experiences with them in this paper. Principles of
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more of a good (or if producers decide to cut back supply)‚ demand will exceed supply. The resulting shortage will cause the price of the good to rise. This will act as an incentive to producers to supply more‚ since production will now be more profitable. At the same time it will discourage consumers from buying so much. Price will continue rising until the shortage has thereby been eliminated. If‚ on the other hand‚ consumers decide they want less of a good (or if producers decide to produce more)
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