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Impact of technology on productivity and average total cost
Gasoline as product:
1) Identify and discuss issues that affect cost on gasoline.
2) Discuss the impact of technology on productivity and average total cost.
3) Describe three to five factors in the economy that will impact the demand for gasoline and one for the cost associated with producing the good or service.
4) Identify the economic indicators that reflect those factors.
5) Locate a forecast for each of the economic indicators you have selected for the next two years. In some cases, it may be more feasible to look at prior trends for selected indicators rather than forecasts.
6) Comment on the degree of confidence that can be placed in economic forecasts.
7) Discuss the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
Among which method of encouraging growth would one suggest for these typical companies in these 2 countries.
Show how expansionary fiscal and monetary policies work. Under what conditions would these policies work more, or less, effectively?
Compute the long-run impact of a permanent rise in money supply versus a permanent tax cut.
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 2 million households is Q4 = 1,000 P and Enrodes can produce electricity at a constant marginal cost of $2 per megawatt hour.
If the Inflation rate were to accelerate the economy would be flourishing as there is a need for more people to do the work.
Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.
Explain how much control might an organization have over pricing based on a product's elasticity
Illustrate what were some changes of the demand also supply fconditions that lead to the housing market bubble and collapse
Describe this mean that the area affected by the natural disaster has experienced economic growthIllustrate what are the seen effects and what are the unseen effects.
Illustrate are some of the clever strategies that landlords might use to create a black market.
For each of the following events, state whether the aggregate demand curve would increase, decrease, or stay the same.
Illustrate the steps comprised in pricing the television units in order to maximize total revenue.
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