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Economies of scale occur when a firm’s  

Our THIRD exam is on weeks five and six.  Read weeks 5 and 6 ( Readings, quizzes and discussion boards) carefully before taking your exam.This is our second exam and it has 40 questions which have 100 points.You have TWO attempt for the test. I will put your highest attempt grade as your exam grade.You are supposed to submit your exam in one sitting, you cannot save it and come back later to submit it).you have 120 minuets (two hours) to finish this test. Also please make sure to submit your exams by deadlines. Your grades will be lowered by one full letter for each day late submission. One-day late submission is accepted with 10% off the max grade.  Two-day late submission is accepted with 20% off the max grade. Beyond that late submission is accepted with 30% off the max grade.   Good Luck.

The following table shows the private value, private cost, and external cost for various quantities of output in a market.  Quantity Private Value Private Cost External Cost  1 $14  $10  $2   2 $13  $11  $2   3 $12  $12  $2   4 $11  $13  $2   5 $10  $14  $2   6 $9  $15  $2   7 $8  $16  $2  What is the equilibrium quantity of output in the market?

Let L represent the number of workers hired by a firm, and let Q represent that firm’s quantity of output. Assume two points on the firm’s production function are (L = 5, Q = 125) and (L = 6, Q = 162). Then the marginal product of the 6th worker is

TRUE/FALSE: Please determine whether the following sentence is true or false. And explain your answer.Economics is the study of how society allocates its limited resources.

The heterologous extrinsic internal control, controls for _____________:

The ability of a typing method to distinguish between unrelated strains describes which of the following criteria?

You used PCR to diagnose an infection.  When you are analyzing your results, you see that there is a product in your reagent blank.  Would you report the result of your patient sample?

Which of the following characteristics do animals have?

Select all that apply. Which of the following is true about a geodatabase: