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Short run cost function tables include information detailing average variable cost, average fixed cost. average total cost, and marginal cost. which of the figures do you consider most important for an organization to evaluate when determining levels of production? Why do you believe that factor is the most important?
What is the difference between inflation and a relative price increase? Explain If the inflation rate is 4% and the nominal rate of interest is 10%, what is the real rate of interest? Explain with an example.
The invention of the steam engine ushered in the following developments, except:
What are your thoughts on effective communication in the workplace? Make sure to discuss motivation of employees through good communication and how that person handles communicating change or difficult decisions made by management.
Given the market for corn in equilibrium, show the effect on price and quantity of the following simultaneous occurrences: Good weather results in a 10% increase in the harvest of corn.
If betty produces nothing but good y, her output of good y is 20 units. She works 5 hours a day. Her opportunity cost of producing a unit of good x is 2. if betty specializes in the production of good x, what is her daily output of good x?
What are the main reasons for the existence of financial intermediaries? Define asymmetric information. What is the Asymmetric information problem of lending? Discuss the adverse selection and moral hazard problems of lending.
Suppose Congress and the president decide that the best method to stimulate the economy is to cut taxes. The total amount of tax cuts approved is $300 billion and the current MPC is .80. Determine the initial fiscal stimulus and the cumulative fiscal..
Pretend that you have just been surprised with a genuine e-mail that says you have just been selected by your favorite pizza delivery company that every day for the next month you will receive your favorite pizza for lunch and another of that same fa..
If the mutual fund will average 9% annual return over the course of your career, explain how much can you expect at retirement.
The law of supply states that, holding all else constant, as the price of a good increases:
Several years ago Coca Cola decided to change the formula for its major Coca-Cola product line. They used panel taste-test and branded the new product as "New Coke" It was a failure and the company lost major market share to another soft drink maker...
In the Friedman-Lucas money surprise model, suppose that the central bank wants to reduce the price level. Suppose the central bank has two options: (i) announce in advance that the money supply will decrease; (ii) surprise the public with a decrease..
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