Property tax decrease

Assignment Help Business Economics
Reference no: EM13744202

What effect, if any, would each of the following have on the short-run average (ATC, AFC, AVC) and marginal costs of an auto dealership:

a. Auto mechanic receive a 10% wage increase

b. A property tax decrease

 

c. Auto dealers institute a onetime promotional campaign

Reference no: EM13744202

Questions Cloud

What is the expected value of the gamble : You have initial wealth of $500 and are offered the following gamble. You flip a coin and if you get heads, you win $1000. If you get tails you lose $500. What is the expected value of the gamble?
Installation of a high-tech handling system : A large automobile manufacturing company is considering the installation of a high-tech handling system. The initial cost of the system is $30,000,000 and it is estimated it will save $7,500,000 per year in manual labor, and will incur $2,750,000 in ..
Marginal product of any input in the production process : The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. According to the Law of Diminishing Returns, the marginal product of an input declines as the quant..
What is the optimal number of cars to wash per hour : Suppose that you can own a car wash and that its total cost function is C= 20 + 2Q + .3Q^2 where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed.
Property tax decrease : What effect, if any, would each of the following have on the short-run average (ATC, AFC, AVC) and marginal costs of an auto dealership:
Should the council approve the proposal : The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,00..
What is the maximum profit that you can obtain : Suppose that you own a car wash and that its total cost fuction is: C= 20 + 2Q + .3Q^2, where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed. What is the maximum profit that..
Draw a market for portable generators in equilibrium : Not too long ago Hurricane Sandy hit the northeast portion of the United States, causing serious and costly damage. Given what you've learned this week, what can we conclude probably happened to the price of portable generators? To the price of food?..
Draw a market for portable generators in equilibrium. : Not too long ago Hurricane Sandy hit the northeast portion of the United States, causing serious and costly damage. Given what you've learned this week, what can we conclude probably happened to the price of portable generators? To the price of food?..

Reviews

Write a Review

Business Economics Questions & Answers

  Reasons for differences in price elasticity of demand

Explicate how these projected deficits will affect the US Stock and bonds. Could you explicate briefly this question thank you.

  Explain the debate on equal rights

Explain the debate on equal rights, especially as related to marriage, for gay men and lesbians continues. Would you classify this as an issue or as a problem.

  Find the allowable depletion charge for that year

The taxable income excluding depletion is $50,000. Find the allowable depletion charge for that year. Answer $30,161 $25,000 $50,000 $97,500

  When there is an increase in the expected rate of inflation

When there is an increase in the expected rate of inflation, will the nominal and real interest rates on new loans increase, decrease, or stay constant?

  Explain equilibrium in which someone is using the good

Consider an equilibrium in which someone is using the good. Is social welfare maxi- mized at this number of users, or would it go up if there were more users, or would it go up if there were fewer users? .

  Graph the function and discuss the context of concavity

Find the values which maximize or minimize for the following function and determine where you have a maximum to minimum. Graph the function and discuss the context of concavity.

  Use the aggregate demand and supply models

Research two periods in history, one where the United States experienced an increase in inflation and the other an increase in unemployment. Write a paper discussing the causes and outcomes. Use the aggregate demand and supply models to analyze the c..

  What is farmer perk profit-maximizing level of output

You are an economic consultant for Farmer Perk, who produces raw cotton and sells it in a perfectly competitive market. Illustrate what is Farmer Perk's profit-maximizing level of output.

  What fiscal policies and monetary policies would be

What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?

  Briefly describe the changes in predominant health problems

Briefly describe the changes in predominant health problems among Americans since good record keeping began in the 1800s.

  Risk premium it charges on its loans

The risk premium it charges on its loans is classified as profits in economics.

  Keynes impact

Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.

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