Econowaugh AP
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Saturday, February 6, 2016
Economies of Scale (EOS) (Increasing, decreasing and constant) Cost Industries
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Economies of Scale Economies of scale can be classified into two main types: Internal – arising from within the company; and Exte...
Monday, January 25, 2016
2013 Macroeconomics FRQ #3b (Expected Inflation)
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Again, workers recognise that the PL is increasing and demand higher wages. They are able to get higher wages be...
Sunday, January 24, 2016
Micro #26 1995 & Micro #54 2000 - Perfect Comp (Profit Maximisation)
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Profit Maximisation - Perfectly Competitive Firm
Micro -2008 #50 Multiple Choice (Explanation)
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Answer - (C) Average Total cost (for each unit) is $6 Total cost for 20 units is $120 Average variable cost (for...
Saturday, January 23, 2016
2008 Question #23 (Explanation)
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Answer - (c) Less than the ATC
Friday, January 15, 2016
2015 AP Macroeconomics FRQ #3
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FOREX Watch me answer it here https://youtu.be/13xyH2d9WBE 2015 AP Macroeconomics FRQ #3 (a) (i) If Japan's defici...
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Wednesday, January 13, 2016
Wauffle Production
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Wauffle Production We spent a couple of days working on total production, average and marginal and blending those understandings int...
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