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Employment

This problem deals with the estimation of average variable costs and average total costs, given two hypothetical and different fixed costs for a single firm. Comparing the two cost estimations, this problem then estimates optimal employment levels for short-run productivity to determine how many employees must be laid off in order for the firm to break even and whether remaining employees can increase production levels so as to maintain current output levels for the firm.

The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day. Although you do not know the firm's fixed cost, you know that it is high enough that the firm's total costs exceed

Macroeconomics Questions

1. What is a government budget deficit? How does a federal budget deficit affect the economy? How does it affect the level of investment and interest rates? How does it affect the individual consumer? Give at least three examples in your response. 2. Are unions good or bad for the economy? How do unions at GM and Ford affect

Macro-economics

Suppose that you are the chief economic advisor to the president of the U.S. You are asked to propose a strategy to bring the economy out of recession. Your goal is to avoid inflation and yet bring the economy to full employment as rapidly as possible. What will be your main strategy? Why? Use examples and give reasons to suppor

Equilibrium Income Calculations

1. Suppose that initially equilibrium was 200 units and that this was also full employment level of income. Assume the consumption is C = 25 + 0.8YD, and that, from this level, we now have a decline in investment of 8 units. What will be the new level of income? What increase in government spending would be needed to restore

Sexual Issues & Discrimination

As the new human resources [HR] manager you should now create portions that specifically address gender issues and are targeted at training and raising the sensitivity of all employees to potential gender issues. It should include a section on how the supervisor should or should not handle certain gender-based workplace issues.

Government spending in the United States is expected to increase

According to the newspaper government spending in the United States is expected to increase by $30 billion next year. One of the senators of your state is touting how this increase in spending will lead to an increase in employment and aggregate output. The economy is currently in long-run equilibrium at the natural ra

Discussing Government Budget Deficit & Unions

1. What is a government budget deficit? How does a federal budget deficit affect the economy? How does it affect the level of investment and interest rates? How does it affect the individual consumer? Give at least three examples in your response. 2. Are unions good or bad for the economy? How do unions at GM and Ford affect

Managerial Economics

The factors that affect the demand for new passenger cars in the U.S. are given; From these data answer the following questions. 1. Estimate the demand equation for new cars of the form Y = a +b1X1 + b2X2 + b3X3+b4X4 2. With the use of a graph, compare the estimated demand Y' based on the above equation with

Unemployment

Translate your ideas into economic analysis using the specific economic theory and economic terms Why is frictional unemployment important to have in any economy? Explain why hyperinflation has such a devastating impact on economies. Explain what it takes to stop hyperinflation. Describe the three types of unemploymen

Macroeconomics

Describe the relationship between each of the following variables based on the experience of the U.S. economy over the past 30 years. (a) GDP and the unemployment rate (b) The interest rate and the inflation rate (c) GDP and the inflation rate

PLEASE HELP

1.Assuming the level of investment is $16 billion and independent of the level of total output,complete the accompanying table and determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC and MPS? Possible Levels Real Domestic Consumption, Saving

AD-AS and IS-LM question & diagram

"An increase in transfers (TR) will not affect the level of real GDP or the real money supply in a fully employed economy." **Comment on this statement with the help of (1) an AD-AS diagram (using a long-run aggregate supply curve for this fully-employed economy operating at potential) and (2) an IS-LM diagram.

Unemployment Rate

What measures the fed should take to reduce the unemployment rate and expand the economy. Remember that the answer has to deal with monetary policy, so don't talk about taxes nor government's spending because these deal with fiscal policy.

Theory & estimation of Production

Hi, Having difficulites solving the following problems, can someone give me some clues? Thanks. Number Of Workers Output 0 0 1 50 2 110 3 300 4 450 5 590 6 665 7 700 8 725 9 710 10 705 1) The table above shows the weekly relationship between output and number of workers for a factory with a fixed size of p

Key Objectives and Q&A?

Visit the home page of the Federal Reserve Systems of the central bank of US at www.federalreserve.gov and read the key objectives of the Fed to stabilize the macroeconomic crises of the US economy. Based on the information on monetary policy objectives and tools, answer the following question A. A) What are those key objecti

Discussion on Tax Incidence

Stuck on two questions, need at least 2 to 3 paragraphs for each answer. 1.Ultimately who will pay the cost? Look up tax incidence on Wikipedia. 2. Can other externalities be dealt with similarly? See the attached file.

Net and cost revenue

As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the additional dollar cost of each additional sal

Average Wages in the U.S. Exportable Sector

3. Use the Heckscher-Ohlin/factor proportions framework with two factors, skilled and unskilled labor, to evaluate the following arguments. Suppose X is more skill intensive than Y. Suppose the US is more skill abundant than the rest of the world. Explain your answer. a) Average wages are higher in the US exportable sector.

The Economic Status of Chemistry

Answer the following questions on the economic status of chemists. the answers may be found in the chemistry and engineering news issues of june 2, 2008(questions1-8) and march 9, 2009(questions 9-10) http://pubs.acs.org/cen/archive/back.html look under ACS news (2008 issue) or salary survey (2009 issue) and be sure to check

Thr federal Reserve

Please provide original work to meet the attached requirement concerning the federal reserve.

Keynesian cross diagram

Question 2 Suppose that initially the goods and services market is in equilibrium at the potential (full-employment level) of output and that the government budget is balanced, that, is government spending equals tax revenues. a. Now suppose that because of headwinds from a credit crunch, consumption and investment fall. A

Gross Domestic Product and Recession

What is "Gross Domestic Product" (GDP), and how is it determined each month? What does the term "Recession" mean and how do we know when one occurs? How does government intervene to move the economy out of a recession?

Economics

1) Assume that in Canada the opportunity cost of producing 2 television sets is 3 bushels of wheat. Assume that in the U.S. the opportunity cost of producing 2 bushels of wheat is 3 television sets. If these two countries specialize according to comparative advantage and then trade with one another, then __________. a. Canada

Federal Reserve Monetary Policy

I need a little guidance to help me get started on this assignment. Write a 700-1050 word paper on the U.S. Federal Reserve's monetary policy o Define the purpose and function of money o Explain how the central bank manages a nation's monetary system. o Outline the stated direction of recent monetary policy in the