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Question: The index of consumer expectations dropped much more sharply before the brief and mild 1980 recession than it did before the much more severe and prolonged 1981-2 recession. The same pattern also occurred for the ISM/NAPM index of manufacturing activity. What other factors accounted for this anomaly? How would you take these into account when assessing the next reported drop in these indexes?
At the same interest rate, what would be the value of Q in 10 years?
How does it benefit a company to artificially create a shortage to drive up the demand, and there will not be product available to meet that demand?
Derive an expression for average total cost (ATC). At what quantity is ATC at its minimum (at what ATC level)? In your diagram, sketch ATC and confirm that it is U-shaped. [Hint: Calculate ATC when and.
A firm with U shaped average cost curve finds that its revenues exceed cost when it sets price equal to marginal cost. On which part of the average cost curve is the firm operating?
what is an externality? provide examples. how does an externality affect the market outcome? is it possible for a
Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat and $50 for pants. Consumers of type B will pay $75 for a coat and $75 for pants. The firm selling suits faces no competition and has a marginal cost of zero.
answer the next questions parts a and b on the basis of the following cost data for a firm operating in pure
In your answers round to the nearest tenth of a percent when calculating the percent value. What is the number of employed people in Thomasville? Explain how you got your answer. What is the number of unemployed people in Thomasville? Explain how you..
If you receive a free ticket to a concert, what, if anything, is your opportunity cost of attending the concert How does your opportunity cost change if miserable weather on the night of the concert requires you to leave much earlier
Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 ? What is the long-run total cost function when r = 4 and w = 36?
Suppose you purchased 5 apples and 3 oranges last week. Apples cost $0.75 per apple, and oranges were $1.00 per orange. How much did you spend on fruit?
The main interest rate that the Federal Reserve tries to control is the Federal Funds rate, the interest rate that banks charge on short-term.
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