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Impact of technology on productivity and average total cost
Gasoline as product:
1) Identify and discuss issues that affect cost on gasoline.
2) Discuss the impact of technology on productivity and average total cost.
3) Describe three to five factors in the economy that will impact the demand for gasoline and one for the cost associated with producing the good or service.
4) Identify the economic indicators that reflect those factors.
5) Locate a forecast for each of the economic indicators you have selected for the next two years. In some cases, it may be more feasible to look at prior trends for selected indicators rather than forecasts.
6) Comment on the degree of confidence that can be placed in economic forecasts.
7) Discuss the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
Answer the next three questions on the basis of the following production possibilies data for Francia and Galacia. All data are in tons.
The ability to create new products and process and to organize production to make goods and sevices available.
As the Federal Reserve utilize its special powers to buy and sell government bonds, how does buying and selling government bonds affect the supply of money in the economy.
The demand and supply curves for gasoline (in billions per year) are given below. Using the equations, find the initial equilibrium price and the quantity in the market for gasoline.
Explain how have monetary and fiscal policies affected the prices of the product the petroleum industry produces.
Describe pricing strategy to meet organizational goals.
Maker an article or current event article which relates to government regulations or antitrust activities.
Expalin how can inflation derail the economy from its growth path.
What is the marginal opportunity cost of services in each country? Who has the comparative advantage in factory-stuff?
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Describe prison labour and elucidate how it affects different cultures also societies and explain the rise and fall of labour in prisons.
Illustrate what are the 2 policy options used to influence the economy
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