Economics/2465

How would you use the indexes to forecast the direction of the economy and exactly what index would it be? and please show calculations. What is the expected GDP growth to be in the next quarter? Please explain how you come up with the answer, please

law of demand

Explain the law of demand. Why does a demand curve slope downwards? Distinguish between a change in demand and a change in quantity demanded.

Calcuate NPV of insulation decision when cost of fuel is increasing

Category: Economics Subject: Net Present Value Details: It costs $2600 to insulate a factory. Nest year, the fuel savings will be $220. EAch year after this, the cost of fuel is expected to rise by the rate g. If the discount rate is 12%, what rate of growth in fuel costs justifies going ahead with the insulation plan? (Hint: careul. Make sure that the rate of growth and the discount rate are aligned in terms of periodss.)

Price elasticity of demand

Attendance at Walt Disney dropped by 8% after prices for ticekts rose by 5%. What is the PE of demand for these tickets and could the PE be over-estimated by these figures? Please name other factors that could cause a decline in tickets purchased other than PE.

Sunday sale restrictions

Some states have had laws restricting the sale of most goods on Sunday. Most consumers oppose these laws because they find Sunday afternoon a good time to shop, however retail trade associations support these laws. Using economics, give reasons for the trade assoc to support these laws.