IMPORTANCE OF ECONOMICS Economics help students to understand more about the modern world in making the decision for the future. It also helps us to understand the problems caused by the limited resources and helps students‚ as consumers to make rational choices when making decisions. Besides that‚ students are able to understand the function and role of banks and financial institutions‚ moreover able to understand the information related to the economics. Since most of our daily routines
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The average variable cost (AVC) in the short run and long run is ‘U’ shaped. Average variable cost is the total variable cost per unit of output‚ found by dividing total variable cost by the quantity of output. Thus if a firm produces X2 units of a commodity at a total variable cost of TVx2 the AVC of producing these two units of output is given as Average variable cost decreases with additional production at relatively small quantities of output and then eventually increases with relatively
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A Foreign direct investment (FDI) is a controlling ownership in a business enterprise in one country by an entity based in another country Foreign direct investment is distinguished from Portfolio Foreign Investment‚ a passive investment in the securities of another country such as public stocks and bonds‚ by the element of "control". According to the Financial Times‚ "Standard definitions of control use the internationally agreed 10 per cent threshold of voting shares‚ but this is a g
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I wasn’t doing this macro assignment I would be watching Netflix. So I am sacrificing watching Netflix in order to do this assignment. b. Ceteris paribus - describes the effect of one variable on another‚ if all other variables that may affect the second variable are constant. Latin translation: all other variables are fixed. c. Marginal change-
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Important structural variables in structure conduct performance (SCP) Structural characteristics often change slowly and can be regarded as fixed over time. Government policies can alter industry structure. We can identify the following as some of the more important structural variables. • Concentration This refers to the amount of market power held in the hands of a few firms and is normally measured by the share of total industry sales‚ assets or employment controlled by the largest firms
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expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the method adopted to measure
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Running head: VARIABLE COSTS Variable Costs ACC/561 June 12‚ 2012 Variable Costs Any cost which is not fixed and will change in same amount when there is change in production volume is accounted as variable costs. This also means that they change in total rather than per unit whenever there is production or activity change. In production- labor‚ material or overhead could be the variable costs involved in the business. In Fitness center‚ there are different variable costs involved and
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INDIA – MACROECONOMIC INDICATORS 1 Macroeconomics Project INDIA - Macroeconomic Indicators (2006-07 to present) Course Instructor Prof. Leena Mary Eapen Project Team PGP/15/13 Devanand Prasad PGP/15/36 Priyanka ruttala PGP/15/49 Shashikant Bapatla PGP/15/55 Sri K Srinivas PGP/15/61 Vijeta Shrivastava FPM/05/05 Janardan K Yadav FPM/05/04 Chacko Jacob INDIA – MACROECONOMIC INDICATORS 2 EXECUTIVE SUMMARY -------------------------------------------------------------------------------------------------------------------An
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Macroeconomic Impact on Military Spending during war While spending on the war has stimulated the economy through government purchases and consumer patriotism it has had a negative macroeconomic effects through increases in the national deficient and debts used to finance the war. While the initial effect on the GDP (gross domestic product) has been positive it has started to decline. Since 9/11 the increased military spending was largely financed through borrowing which has caused a higher debt
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Unit 8 Assignment Question: 1. Using aggregate demand‚ short-run aggregate supply‚ and long-run aggregate supply curves‚ explain the process and causes by which each of the following economic events will move the economy from one long-run macroeconomic equilibrium to another. In each case‚ explain the short-run and long-run effects on the aggregate price level and aggregate output. a. There is a decrease in households’ wealth due to a decline in the stock market. A decrease in household
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