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Type/Prod. Alternatives
A B C D E
Automobiles 0 2 4 6 8
Forklifts 30 27 21 12 0
- If this characterized economy was producing 3 automobiles and 20 forklifts, what could we conclude about its use of its available resources?
Explain how will unskilled workers adapt to a workplace requiring more skilled workers and fewer unskilled workers.
Suppose that the market for sweaters is perfectly competitive. The graph below shows the cost curves of a typical manufacturer in the market. Use the blue rectangle (circle symbols) to shade the profit that the manufacturer makes at a market price..
Explain why does the government support public education when the private sector also provides this service.
Write a 400- to 700-word memo to the economic adviser. Describe the change in tax revenues for the government in the new equilibrium, in both the short and longer terms.
Elucidate marginal prices do Universities incur by offering more than one of the same classes
Illustrate what happens to the natural rate of unemployment and potential GDP if cyclical unemployment.
Make a paper analyzing the current market conditions of the Airline industry including a supply and demand analysis that answers these questions:
As Burger King continue, expand, or reduce current operations in order to maximize profits. Explain your reasoning.
Why is market competition important? Is there a positive or negative impact on the economy when strong competitive pressures drive firms out of business? Why or why not?
Appalachia Beverage Corporation, is planning alternative proposals for expansion into the Midwest. Suppose that a wholesale price of $5 per case, compute the breakeven output quantities for each alternative.
Using the exchange rates and prices in the tables above:
Explain how the aggregate expenditure function and the aggregate demand curve would shift when there is a decrease in the nominal money supply by the Federal Reserve.
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