Each of the following took place in the latter half of the 1990s except
A. a declining federal budget deficit.
B. a declining unemployment rate.
C. the spread of computerization.
D. a rising rate of inflation.
D. a rising rate of inflation.
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Refer to Table 11-9. Clock It To Me manufactures clock radios. The table above shows estimates of fixed cost per period and average variable cost for three possible plant sizes
a. You are employed as the company's cost accountant and have been asked to prepare cost estimates for various output levels for each of the three possible plant sizes. Record your calculations in the table below. Average Cost of Production 5,000 Clock Radios 8,000 Clock Radios 20,000 Clock Radios Small plant Medium plant Large plant b. For each of the three output levels, which plant size will generate the lowest average total cost of production? c. Suppose the firm currently sells 8,000 clock radios per period (using the optimal plant size for this output level). Now, however, it has just secured a long-term contract to supply 20,000 clock radios per period. In the short run, what is the average total cost of producing 20,000 clock radios? Provide a numerical value based on your answer in part a. d. What happens to average total cost of production in the long run? Provide a numerical value based on your answer in part a.
Because information is scarce
A) helps explain why equity contracts are used so much more frequently to raise capital than are debt contracts. B) monitoring managers gives rise to costly state verification. C) government regulations, such as standard accounting principles, have no impact on problems such as moral hazard. D) developing nations do not rely heavily on banks for business financing.
The hard-landing scenario begins with
a. a US recession. b. a decline in foreign demand for US assets. c. an increase in foreign demand for dollars. d. an increase in foreign demand for assets. e. a US expansion.
The Fed can use all of the following except ________ to change the lending capacity of the banking system.
A. the reserve requirement B. the discount rate C. open market operations D. the excess reserve requirement