Cost of a particular level of output

Assignment Help Macroeconomics
Reference no: EM131089466

What do you call the average production cost of a particular level of output; total input cost divided by units of output?

Reference no: EM131089466

Questions Cloud

Method for determining the number of years : What do we call a method for determining the number of years it will take for some measure to double, given its annual percentage increase (Divide 70 by annual rate of inflation to get the number of years it will take price level to double)?
What is the difference between the ada and universal design : Based on the information in the Universal Design material and the websites you visited during the previous modules, list all seven principles of Universal Design. Then read the examples below, and identify one additional example for each of the se..
The new computer-controlled conveyor belt : The new computer-controlled conveyor belt is an exciting project that moves and positions items on a conveyor belt with a high degree of accuracy (
Number of dollars received by an individual or group : What do we call the number of dollars received by an individual or group for its resources during some period of time?
Cost of a particular level of output : What do you call the average production cost of a particular level of output; total input cost divided by units of output?
Percent of potential output : What do we call the generalization that any 1 % point rise in the unemployment rate about the full-employment unemployment rate is associated with a rise in the negative GDP gap by 2 percent of potential output (potential GDP)?
Dove effort gives packaged-goods marketers lessons : 1. It has been suggested that over 70 percent of all buying decisions are made in the store and as a result, point-of-purchase advertising has grown in its appeal.
Type of unemployment : What do we call a type of unemployment caused by insufficient total spending (or by insufficient aggregate demand)?
Type of unemployment caused by workers : What do we call a type of unemployment caused by workers voluntarily changing jobs and by temporary layoffs; unemployed workers between jobs?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Elucidate whether demand for that products price inelastic

Elucidate whether demand for that products and/or services is relatively price elastic or relatively price inelastic and explain why.

  At what value of k the monopoly is indifferent

Durable goods pricing. Consider the example discussed in class. The monopoly sells two units of goods over two periods. The costs are zero. Consumer A has a valuation of 15 and Consumer B has a valuation of 10. Suppose the discount rate is f=.8.

  Sketch a supply and demand graph to explain this change

Sketch a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.

  Discuss the determinants of varying levels of income

Discuss the determinants of varying levels of income. What factors determine a person's wages. In your opinion, do these qualifications always hold true.

  What hypothesis testing would you use in the situation

A test classifies applicants as accepted or rejected. On the basis of data on 200 applicants, we test the hypothesis that ad placement success is not related to gender.What hypothesis testing would you use in this situation

  Illustrtae the marginal product of labor

Illustrtae the marginal product of labor.

  What is key difference of old-fashioned and high tech crises

What is the key difference between "old-fashioned" and "high tech" crises? What are the limits of the interest rate approach to resolving balance of payments crises?

  Reasons and causes behind higher wage in germany

Give three reasons why firms produce in Germany rather than in a lower-wage country.

  Regression model returns to scale and parameters

Your analyst tells you that he has estimated the following linear regression model of your company's long run technology:

  Household decide to save a larger share of their income

Explain whether each of the following events shifts the short0run aggregate supply curve, the aggregate demand curve, both, or neither. for each event that does shift a curve draw a diagram to illustrate the effect on the economy

  Determining the shape of a long-run market supply curve

Contrast the role of constant-cost, increasing-cost, and decreasing-cost industries in determining the shape of a long-run market supply curve.

  Why is economics considered a social science

Why is economics considered a social science? What role does economics play in your personal and professional lives?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd