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his 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 role does Macroeconomics play in your personal financial decisions and that of your place of work or firm you are familiar with.
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium.
Describe how McDonald's and Wal-Mart elucidate changes in the macroenvironment affect individual firms and industries through the microeconomic factors of demand.
Describe the difference between Economic contraction and Economic expansion
What will be his economic profit. How much consumer surplus is generated each day at this price. Illustrate what is the socially efficient number of portraits.
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
How would a downward change in the money supply affect you personally. How would it affect your career. What impact would rational expectations have on your decisions in this situation.
Elucidate how would you improve this survey to better reflect the needs of the consumer.
Assume that the benefits and costs of infrastructure improvements are for one time only - i.e., ignore all long run implications. What are benefits and costs of infrastructure improvements.
illustrate what is the change in Clean-Springs' profit-maximizing levels of output, price and profit. Explain in words and with graph.
Can you provide any examples of Illustrate what kind of equality could be made to offset these increased society costs
Assume that a consumer can buy only two goods, A and B, and has an income of $100. The price of A is $10 and the price of B is $20. Illustrate what is the slope of the budget line if A is measured horizontally and B is measured vertically.
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