Working With Numbers and Formulas Speech or Presentation

Working With Numbers and Formulas - Speech or Presentation ExampleUse Okuns natural law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment?Study misgiving 2 key incertituderaph the accompanying carry data, and then use the midpoint formula for Ed to determine price whippyity of demand for to to each one one of the four possible $1 price changes. What can you conclude about the relationship between the peddle of a curve and its elasticity? Explain in a non-technical way why demand is elastic in the northwest segment of the demand curve and inelastic in the southeasterly segment.The reason why demand is elastic in the northwest segment of the demand curve and inelastic in the southeast segment, is that it matters more to the consumer when the ticket is too expensive than it does when it is too cheap.Study question 7 Key Question A firm has fixed cost s of $60 and variable costs as indicated in the knock back on the following page. Complete the table and check your calculations by referring to question 4 at the pole of Chapter 23b. Graph AFC, AVC, ATC, and MC. Explain the derivation and shape of each of these four curves and their relationships to one another. Specifically, explain in non-technical terms why the MC curve intersects both the AVC and the ATC curves at their minimum points.c. Explain how the location of each curve graphed in question 7b would be altered if (1) total fixed cost had been $100 quite an than $60 and (2) total variable cost had been $10 less at each level of output.Question 5 The following table gives information from a sample of college students gender number of children in family of birth and number of children in their ideal family, in which they may someday be a parent.a. Sketch a scatterplot of the data collected from the students and discuss any trends. (Use the same scale on both axes.) Which