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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?
Assess the effectiveness of the federal government during the Eisenhower, Kennedy, and Johnson administrations in enforcing desegregation laws throughout the South. Discuss one event during each of the administrations.
Calculate the real interest rate over the past 24 months using the 30 year Treasury bond rate as the nominal interest rate and assuming that expected inflation was equal to actual inflation (based on the change in CPI). Make sure to include the fishe..
A forty-year annuity-immediate makes monthly payments. During the first year the monthly payments are $100 each. The payments within each year are level; however, the monthly payments in each of the years two through forty are 4% higher than those in..
Calculate the total change in spending given the information below. Marginal Propensity to Consume = .73 Decrease in Spending = $497 M. Please illustrate assuming the economy was operating at full employment prior to the change in part a. Does a GDP ..
Jim’s utility function is U(x, y) = xy. Jerry’s utility function is U(x, y) = 1, 000xy + 2, 000. Tammy’s utility function is U(x, y) = xy(1 − xy). Oral’s utility function is U(x, y) = −1/(10+ 2xy). Who has the same preferences as Jim? Who has the sam..
In the United States we have a only few laws for the states to obey. Therefore, in contrast to the federal budget, the budgets of the individual states-------
When determining the format for a message, a direct approach would work best under which conditions? Which of the following routine messages is most likely to end up as part of an employee's permanent record? A policy change is an example of what typ..
Suppose that 8000 (i.e 8 units of one thousand) construction permits are expected to be issued in 2010. What would be the point estimate of Phoenix lumber Company’s sales for 2010?
The price of a 10-year bond can decline by approximately 9% if interest rates rise by 1% point. To illustrate this, suppose you own a 10-year U.S. Treasury bond that has a bond rate of 2% per year. How much money will you lose if the value of the bon..
In our study of intertemporal utility maximization, everything (initial and ending wealth, interest rate, and consumption) in the budget constraint is expressed in real terms. Reformulate the budget constraint in nominal terms and show that for a two..
The three essential pieces of information in the abstract section of an informal document are
International trade benefits both partners, though not necessarily all citizens. Absolute advantage determines trade specialization. Tariffs are generally preferred by economists over quotas. The U.S. has a large trade deficit with China, although it..
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