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Economic impact analysis for a new business
I need to do an economic impact analysis for a new business that I would like to open in my community that will generate revenue. I have thought of several businesses, but I am not sure that they would actually create ADDITIONAL revenue in the community. The businesses I have considered may be situations of just shifting the spending power among the competing sectors. Does anyone have any thoughts?
What is Bill's opportunity cost of producing one hat, In which of the two activities does Mary have a comparative advantage.
Assume that the following information about the economy is correct. The potential GDP is 3 percent. Real GDP has fallen at a minus two percent rate in the last 12 months.
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Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
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The largo publishing house uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, and the price of the printing press is $5,000.
Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
Describe why the following statement is true: It is possible for average variable cost (AVC) to rise while average total cost (ATC) declines.
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Illustrate what relative amounts of capital and labor will be employed to maximize output.
The firm is considering a movement of the plant to Shenzen, China where labour is cheaper. The same mathematical relationship between inputs and outputs will hold.
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