A feature of imperfect competition is <u>economies of scale</u>, which means that as the firm expands its production, average costs of production fall. Therefore, the firm can <u>decrease</u> its costs of production by selling internationally.
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The inflationary process will become self-perpetuating when the initial rise in the price of imported goods triggers a wage-price spiral.
The experimental units are what you apply the treatments to. In this experiment it would be the subjects or the customers in this situation since they will be treatment (either standing at their regular height or squatting to meet the eye level which could affect the amount of tip they give). An example of randomization can be numbering each table in the restaurant and picking them out of a hat and going to that table that you randomly chose and imposing the treatment on the customers there. Because tips depend on the income of the customers and how much they are willing to give for their meal. If not even income some people are willing to give despite how much money they make so their tips may higher than the wealthy crowd. Other factors the experimenters may not be able to control is the mood of the customers as well isn't it more likely if someone is enjoying their time to give more to the server despite the service the waiter.
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The United Nations' (UN) International Day of Non-Violence is a global observance that promotes non-violence through education and public awareness. It is annually held on October 2 to coincide with renowned Indian leader Mahatma Gandhi's birthday.
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Formation. When the solar system settled into its current layout about 4.5 billion years ago, Earth formed when gravity pulled swirling gas and dust in to become the third planet from the Sun. Like its fellow terrestrial planets, Earth has a central core, a rocky mantle and a solid crust.
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