Refer to the table below.DatesAug 1929-Man 1933May 1937-June 1038Feb. 1045-Oct. 1945Nov. 1948-Oct. 1940July 1953-May 1954Aug. 1957-Apr. 1958Apr. 1960-Feb. 1961Dec. 1969-Nov. 1970Nov. 1973-Mar. 1975Jan. 1980-July 1980July 1981-Nov. 1982July 1990-Feb. 1991Mar. 2001-Nov. 2001Dec. 2007-June 2009Mar. 2020-May 2020Duration(Months)b. What was43138111081011168168percent8183PercentagePeakDecline in Real UnemploymentGDPRate35.4%24.0%9.423.89.910.014.37.28.114.78.712.32.20.64.132.020.04.37.90.17.57.16.19.07.610.86.55.6Instructions: Enter your response as a percent rounded to one decimal place.a. What was the largest percentage GDP decline in a U.S. recession post-Great Depression (1929-1939)?10.014.7(1) The longest post-Great Depression recession?O July 1981-Nov. 1982Jan. 1980-July 1980O Dec. 2007-June 2009O Nov. 1973-Mar. 1975(ii) The recession that had the smallest percentage decline in real GDP post-Great Depression?O Mar. 2001-Nov. 2001O Jan, 1980-July 1980O Nov. 1973-Mar. 1975O Dec. 2007-June 2009

The largest percentage of GDP decline in the US recession post Great Depression 1929 to 1939 =…

Refer to the table below. Dates Aug 1929-Man 1933 May 1937-June 1038 Feb. 1045-Oct. 1945 Nov. 1948-Oct. 1940 July 1953-May 1954 Aug 1957-Apr. 1958 Apr. 1960-Feb. 1961 Dec. 1969-Nov. 1970 Nov. 1973-Mar. 1975 Jan. 1980-July 1980 July 1981-Nov. 1982 July 1990-Feb. 1991 Mar. 2001-Nov. 2001 Dec. 2007-June 2009 Mar. 2020-May 2020 Duration (Months) b. What was 43 percent 13 8 11 10 8 10 11 16 8 16 8 8 18 3 Percentage Peak Decline in Real Unemployment GDP Rate 35.4% 24.0% 20.0 4.3 7.9 8.1 7.5 7.1 6.1 9.0 7.6 10.8 6.5 5.6 10.0 14.7 9.4 23.8 9.9 10.0 14.3 7.2 8.1 14.7 Instructions: Enter your response as a percent rounded to one decimal place. a. What was the largest percentage GDP decline in a U.S. recession post-Great Depression (1929-1939)? 8.7 12.3 2.2 0.6 O Dec. 2007-June 2009 O Nov. 1973-Mar. 1975 4.1 32.0 (1) The longest post-Great Depression recession? O July 1981-Nov. 1982 O Jan. 1980-July 1980 (ii) The recession that had the smallest percentage decline in real GDP post-Great Depression? O Mar. 2001-Nov. 2001 O Jan, 1980-July 1980 O Nov. 1973-Mar. 1975 O Dec. 2007-June 2009

Refer to the table below. Dates Aug 1929-Man 1933 May 1937-June 1038 Feb. 1045-Oct. 1945 Nov. 1948-Oct. 1940 July 1953-May 1954 Aug 1957-Apr. 1958 Apr. 1960-Feb. 1961 Dec. 1969-Nov. 1970 Nov. 1973-Mar. 1975 Jan. 1980-July 1980 July 1981-Nov. 1982 July 1990-Feb. 1991 Mar. 2001-Nov. 2001 Dec. 2007-June 2009 Mar. 2020-May 2020 Duration (Months) b. What was 43 percent 13 8 11 10 8 10 11 16 8 16 8 8 18 3 Percentage Peak Decline in Real Unemployment GDP Rate 35.4% 24.0% 20.0 4.3 7.9 8.1 7.5 7.1 6.1 9.0 7.6 10.8 6.5 5.6 10.0 14.7 9.4 23.8 9.9 10.0 14.3 7.2 8.1 14.7 Instructions: Enter your response as a percent rounded to one decimal place. a. What was the largest percentage GDP decline in a U.S. recession post-Great Depression (1929-1939)? 8.7 12.3 2.2 0.6 O Dec. 2007-June 2009 O Nov. 1973-Mar. 1975 4.1 32.0 (1) The longest post-Great Depression recession? O July 1981-Nov. 1982 O Jan. 1980-July 1980 (ii) The recession that had the smallest percentage decline in real GDP post-Great Depression? O Mar. 2001-Nov. 2001 O Jan, 1980-July 1980 O Nov. 1973-Mar. 1975 O Dec. 2007-June 2009

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

Question

Refer to the table below.
Dates
Aug 1929-Man 1933
May 1937-June 1038
Feb. 1045-Oct. 1945
Nov. 1948-Oct. 1940
July 1953-May 1954
Aug. 1957-Apr. 1958
Apr. 1960-Feb. 1961
Dec. 1969-Nov. 1970
Nov. 1973-Mar. 1975
Jan. 1980-July 1980
July 1981-Nov. 1982
July 1990-Feb. 1991
Mar. 2001-Nov. 2001
Dec. 2007-June 2009
Mar. 2020-May 2020
Duration
(Months)
b. What was
43
13
8
11
10
8
10
11
16
8
16
8
percent
8
18
3
Percentage
Peak
Decline in Real Unemployment
GDP
Rate
35.4%
24.0%
9.4
23.8
9.9
10.0
14.3
7.2
8.1
14.7
8.7
12.3
2.2
0.6
4.1
32.0
20.0
4.3
7.9
0.1
7.5
7.1
6.1
9.0
7.6
10.8
6.5
5.6
Instructions: Enter your response as a percent rounded to one decimal place.
a. What was the largest percentage GDP decline in a U.S. recession post-Great Depression (1929-1939)?
10.0
14.7
(1) The longest post-Great Depression recession?
O July 1981-Nov. 1982
Jan. 1980-July 1980
O Dec. 2007-June 2009
O Nov. 1973-Mar. 1975
(ii) The recession that had the smallest percentage decline in real GDP post-Great Depression?
O Mar. 2001-Nov. 2001
O Jan, 1980-July 1980
O Nov. 1973-Mar. 1975
O Dec. 2007-June 2009

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Background:New Pumper system equipment is under consideration by a gulf coast chemical processing plant. One crucial pump moves highly corrosive liquids from specially lined tanks on intercoastal barges into storage and preliminary refining facilities dockside. Beacuse of the variable quality of the raw chemical and the igh pressures imposed on the pump chassis and impellers, a close log is maintained on the number of hours per year that the pump operates safety records and pump componenet deterioration are considered critical control points for this system. As currently planned, rebuild and M&O cost estimates are increased accordingly when cummulative operating time reaches the 6000-hour mark. Information:- First cost: $800,000- Rebuild Cost: $150,000 whenever 6000 cumulative hours are logged. Each rework will cost 20% more than the previous one. A maximum of three rebuilds are allowed.- M&O Costs: $25,000 for each year 1 through 4 $40,000 per year starting the year after the…
K L Q MPL APL (Q/L) VML (MPL*P) FC VC (L*150) TC 5 0 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500 1525 5 11 525 25 47.7 50 25 1650 1675 Define firm’s fixed costs. Next, what is Firm’s FC in the Table above. Why?
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