What were the principal causes of industrial disputes and strikes between management and workers in Britain Motor Industry from 1945?

7. Please answer questions 7a through 7c below. You produce widgets. Currently you produce 4 widgets at a total cost of $40.

7a. What is your average cost of producing widgets? Please show calculation and work.

7b. Suppose that you could produce 6 widgets and the total cost of producing 6 widgets is $30. If you produce 6 widgets, what will your average total cost be? Compared to your answer in 3a, has your average total cost increased or decreased and does your firm experience economies of scale or diseconomies of scale and why? Please show your work and calculations and then explain.

7c. Suppose that you could produce 10 widgets and the total cost of producing 10 widgets is $120. If you produce 10 widgets, what will your average total cost be? Compared to your answer in 7b, has your average total cost increased or decreased and does your firm experience economies of scale or diseconomies of scale and why? Do you think your firm will experience some problems if your firm does experience diseconomies of scale? If so, why? If not, why not? What can you, as a manager of the widget company, do to correct this problem? Explain. Please show your work and calculations and then explain.

1) The amount of time analyzed whether to buy a product is quite long. The demand for this product is

elastic or inelastic

2) The proportion of the budget spent on the item is very small. The demand for this product is

elastic or inelastic

3) An increase in the quantity demanded could be caused by: (if the product is a superior good with substitute and complementary goods. Choose all of the correct items)

a) an increase in the price of substitute goods

b) a decrease in the price of complementary goods

c) an increase in consumer income levels

4) There are lots of substitutes available. The demand for this product is

elastic or inelastic

5)The product is highly durable. The demand for this product is
      
elastic or inelastic

1. Using diagrams, illustrate how the price (P) and the demand (d) for a perfectly-competitive firm are determined.

2. Using a diagram, show how the perfectly-competitive firm determines its profit-maximizing output.

3. Differentiate between productive efficiency and allocative efficiency.

how did various ideologies- whether religious, national, political or racial influence antisemitic thought and behavior between 1789 and 1945?

use money supply and money demand model to show how a decrease in money supply shifts lm curve

1. Consider the case of a small open economy with a fixed exchange rate, perfect capital mobility (i.e., interest parity holds), and complete price stability (no ongoing inflation). Explain what effect a decrease in the world interest rate would have on the following domestic macroeconomic variables:

   a. The stock of foreign exchange reserves. b. The money supply.
   c. Real GDP.
   d. The price level.

   e. The real exchange rate.

Based on the data bellow, answer questions A and B:

2006

Cash in Circulation: $800B

Bank reserves: $20B

Checkable Deposits: $600B

M1 Velocity: 10.2

Real GDP: $14,602B

2017

Cash in Circulation: $1,460B

Bank reserves: $2,317

Checkable Deposits: $1,985B

M1 Velocity: 5.6

Real GDP: $16,872B

a)  Calculate the average annual percentage growth M1, Velocity, and real GDP from 2006 to 2017.

b)  Calculate the annual inflation that that should be expected from 2006 to 2017.

Find a current event related to global business, and write a two paragraph summary.

Provide a link to the article on here.

Assuming an economy is operating in a recession and the government wants to conduct an expansionary policy, but does not want to change interest rates or incur any more fiscal debt, discuss what policies are available to the government?

If the nations of the world were suddenly to cut off all trade with one another, what products might you no longer be able to obtain in your country? How would this affect the businesses and the economy? Choose one other country and identify the products it would need to do without

Assuming an economy is operating in a recession, discuss the benefits and costs of fiscal policy, monetary policy, and a do-nothing approach assuming flexible exchange rates and mobile capital.

1. What economic condition must a monopoly fulfill in order for it to maximize its profits?

2. Eli Lily and Company held a patent on a medical drug it sold to the public. When Lily’s patent expired what would you predict will happen to the price of its product?

3. A price discriminating monopoly charges the lowest price to its customers when they have what type of characteristic?

4. If a government regulatory commission seeks to achieve the most efficient allocation of resources to this line of production, the price should equal what economic measure?

5. The monopolistic competitive firm has some control over the price of its product but not as much control as a monopoly. Explain why.

6. A monopolistic competitive business is not economically efficient but yet we allow this type of business to operate. What major benefit does a monopolistic competitive industry provide society?