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This week we examine the things businesses need to know about business costs and profit maximizing or, in a worse case, loss minimizing. In the process, we create a supply curve. Look around the stores and restaurants around you. Have you seen a lot of going out of business signs during the economic slump? GM and Chrysler filed for bankruptcy although both received bailout money. Discuss business profits that rely on fixed and variable costs and revenues. Can you give examples of the companies that have high pension costs? Why are companies using more technology input while reducing labor input? Why are the Average Cost Curves U-shaped? What is the Law of Diminishing Returns? Discuss a company's two short run options: 1. stay open or 2. shut down.
Illustrate what are the real income also interest rate elasticities of real cash balances
Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.
Increase or decrease in the money supply increase the price level to the tolerable range
Illustrate what does GDP income leave out. Should a country meet additional quantifiable goals before being considered "developed".
Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
Illustrate what is now the effect on gold consumption also mining of an increased utilize of gold as money.
The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data.
Illustrate what might cause the world interest rate to rise.
illustrate what was the size of the economy's recessionary, inflationary gap
Elucidate what does this indicate concerning inflation expectations in Korea compared to the US.
Illustrate what are the three contingent environmental resource evaluation methods also Illustrate what is their significance.
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