Auto structure of industry

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Reference no: EM138710

Q1. How could you use cost volume profit analysis in a products of choice. Explain its benefits and limitations

Q2. Let's say you found out from the Bureau of Economic Analysis that the GDP in 2008 was $14.3 trillion while in 2009 it came to $14.2 trillion. Does that necessarily indicate a decline in production?

Q3. Applying economics of cost as well as output, Illustrate the difference among the industry of today and that of the 1950's. Illustrate type of market structure in auto industry? Has consumer surplus been affected in any way due to the changes in the auto structure of industry and if so, how?

Reference no: EM138710

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