A manufacturing shop is designed to operate most efficiently at an output of 1,130 units per day. In the past month, the plant averaged 940 units per day. What was its capacity utilization rate last month

Refers to the way we conduct ourselves

1) u. s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u. s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to