Thanks and happy learning
Eunsol Kwon e. Jix) is concave up on [U, OJ Since the grapn is increasing at...
Problem #7: Which of the following statements are always true for vectors in R3? (i) If u (vx w)-4 then w - (vxu)-4 (ii) (5u + v) x (1-40 =-21 (u x v) (ili) If u is orthogonal to v and w then u is also orthogonal to w | V + V W (A)( only (B) (iii) only (C) none of them (D) (i) and (iii) only (E) all of them (F) (i) only (G)i and (ii) only (H)...
1) Decreasing returns to scale may occur as increasing the amount of inputs used A) increases specialization B) may cause coordination difficulties. C) always increases the amount of output produced D) increases efficiency. 2) Which of the following statements is NOT true? A) AFC = AC - AVC C) AVC = wage/MPL B) AC = AFC + AVC D) C=F-VC 3) The more elastic the demand curve, a monopoly A) will have a larger Lemer Index. will face a lower...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...