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Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for the customers. How is the restaurant able to differentiate between the short run and long run?
DQ 2 Fixed and Variables Cost
After reading Chapter 8 in the text and viewing the required video for this week, Fixed, variable, and marginal cost, address the following in your initial post:
Elucidate why or elucidate why not. Does it matter whether the inflation is expected or unexpected.
A survey of economists revealed that more than three-fourths of them agreed with a number of statements, including which of the following.
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them also staff them with employees.
Explain how will the economy change over time. Explain in words and using an aggregate-demand/aggregate-supply diagram.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
In the country of Sildavia, a market basket of goods and services cost $ 130 in 2003, $ 140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, inflation from 2003 to 2005.
lori is a student who teaches golf on the weekend and in a year earns $40,000 in fees after paying her taxes. How much did Lori save in 2009 and what is here wealth at the end of 2009?
Illustrate what is M1 in Iron mania. Illustrate what is M2 in iron mania.
Is the long-run demand for a factor more, or less, elastic than its short-run demand? Explain why, and illustrate graphically.
By how much has the money supply increased or decreased? If the money multiplier is 5, how much money will ultimately be created by this event?
The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
explain why the tax would be placed on gasoline rather than, say yachts. Illustrate what might be the long run effect of raising the price of gas.
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