Explain why profits are largest when mc=mr and not when mr>mc ? and is there a difference between sales revenue maximizing and profit maximizing?

marketing essay

When the FED buys 10-year treasury notes and mortgages + student loan backed securities, inflation in the short run will

1. Drop to 0%

2. Remain the same

3. Increase

When the FED buys 10-year treasury notes and mortgages + student loan backed securities, inflation in the long run will

1. Drop to 0%

2. Remain the same

3. Increase

When the FED buys 10-year treasury notes and mortgages + student loan backed securities, consumption and investments will

1. Drop to 0%

2. Remain the same

3. Increase

How will open market purchases affect the economy short run GDP

1. Go up

2. Not change

3. Not enough info to answer

Explain the concept of economic rent and how it differs from economic profit?

A heat exchanger purchased by Hot Spot Manufacturing cost $24,000. The exchanger will save $4,500 in each of the next 10 years. Hot Spot will use SOYD depreciation over a six-year depreciable life. The declared salvage value is $3,000. It is expected the exchanger will be sold for the declared value. Hot Spot pays taxes at a combined rate of 42% and has a MARR of 8%. Was the purchased justified?

discuss how market supply is determined, he most important description of a firm is its short run cost structure. Discuss the components that make up that structure and the relationships between them?

Discuss why normal profits are the status quo in a competitive market in the long run; use the competitive market response to changes in demand for a commodity to illustrate aspects of your discussion.

1a.

A change in aggregate supply would be caused by a change in:

Multiple Choice

• the quantity output supplied.

• input prices.

• aggregate demand.

• the price level.

1b.

Which would most likely shift the aggregate supply curve? A change in:

Multiple Choice

• consumer expectations.

• excess capacity of capital.

• government spending.

• prices of imported resources.

1c.

During a period of demand pull inflation Congress passes legislation to raise taxes, this would be an example of a(n):

• political business cycle.

• contractionary fiscal policy.

• expansionary fiscal policy.

• nondiscretionary fiscal policy.

Question#1: Based on the aggregate production function: GDP = F_T (L, K, H)

a. Imagine that the amount of capital K increases by 10% (from 50 to 55 units) while labour and technology stay the same. How much does total GDP and GDP per worker change by? (A specific percentage is not needed, just ‘more than’ / ‘less than’ 10%.)

b. Imagine that capital increases by 5 units again, from 55 to 60. How big is the resulting change in GDP and GDP per worker compared to the change that occurred in part a?

c. What is the term (hint: law) used to describe the relationship between K and GDP in parts a and b?

d. Based on your answers to parts a through c, is it possible to have sustained economic growth due to capital increases alone?

e. Now imagine that the amount of labour L and capital K both increase by 10%. By how much do total GDP and GDP per worker change by?

f. What is the term used to describe this relationship?

g. What is required to have sustained increases in per-worker GDP (which, in turn, results in improving living standards)?

Question#2:

a. In 2017, the unemployment rate was 61.45% and 2014 unemployment rate was 63.21%, Did employment go up or down during this period?

b. Based on your answer to question a, can the unemployment rate always provide an accurate sense of how the labour market is performing? Explain.

Show the classical/standard view of minimum wage graphically. Please explain what the graph is showing.

Graph the exploitation (i.e. new; monopsonistic) view of minimum wage and explain what graph means and shows.

Discuss the types of harmful impact that marketing practices can have on competition.

The Coase Theorem argues that: