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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.
Describe the dimensions of quality from micro- and macro-perspectives. What are the different formats or models and applications of quality? Discuss the top three in your opinion.
A monopolist sells in both Milwaukee also Cleveland and has identical marginal price of 8 in each market.
The demand scheme for the product created by a monopolist. Quantity demanded Price Total revenue Marginal revenue Price elasticity.
Pam, having recently graduated from college, is looking to work for 2 years before she enters graduate school. She has received 2 job offers with the following salary structures:
Elucidate recommendation should be provided to each state to maximize revenue. Which state was most likely to be following a political unsupportable policy.
Depends on this information, elucidate the effect on the consumption of cereal.
If the organization wishes to restore sales to 10,000 per month determine the price they need to charge.
A firm has offices in London and New York. Fractional units of labor can be employed in each location (as part-timers can be hired) and the headquarters could be in either city.
A study sponsored by the American Medical Association suggests that the absolute value of the own price elasticity for surgical procedures is smaller than that for the own price elasticity for office visits. Explain why this would be expected
explain why would elasticity of demand be important to you in determining the products
From the information in the following table, calculate the income elasticity of demand for this good if income increases from $10,000 to $20,000, and if income increases from $40,000 to $50,000.
A rural utility organization gives standby power to pumping stations using diesel-powered generators.
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