1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will: • Exceed the marginal cost of diamonds but eual to the average total cost of diamonds. • Exceed both the marginal cost and the average total cost of diamonds. • Be eual to the marginal cost of diamonds. • Be eual to the average total cost of diamonds. 2). Using 100 workers and 10 machines, a firm can produce 10,000 units of output; using 250 workers and 25 machines, the firm produces 21,000 units of output. These facts are best explained by: • Economies of scope • Diseconomies of scale • Diminishing marginal productivity •
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Title: The TRIO Smart Sensor System on a Chip Author: George Kottaras Last modified by: George Created Date: 12/4/2003 7:48:15 PM Document presentation format
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Asymptotic Error Constant (Defs) Suppose is a sequence that converges to p, with pn p for all n. If positive ... Horner's Method (Synthetic Division) Example: 2 ...
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