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Macroeconomics focuses on the behavior and performance of an economy as a whole - its performance in terms of aggregate changes in for instance unemployment, growth rate, gross domestic product and inflation. These aggregate indicators influence the economy and determine government economic policies and business management policies and strategies.
https://economictimes.indiatimes.com/definition/macroeconomics
Explain why firms should not shut down in the short run until price falls below average variable cost. 3. Suppose your economics professor publicly states that she grades on a curve
For a repayment schedule that starts at EOY three at $Z and proceeds for years 3 through 8 at $2Z, $3Z,..., what is the value of Z if the principal of this loan is $10,200 and the interest rate is 9% per year? Use a uniform gradient amount (G) in you..
Suppose the economy has a natural rate of unemployment of 6%. Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun’s law, what unemployment rates would expect to see in this economy?
Managing Cultures: Take into consideration doing business in China is there historical, or geographical concerns that may be of importance. (One excellent resource to consider for this assignment is Kiss, Bow and Shake Hands.)
Let’s try an application of the Heckscher-Ohlin model to our countries of Leinster and Saxony, which produce and consume bread and telephones. You may assume that the only two factors of production are labor and land. If Leinster has 8 million acres ..
Consider a monopolist in a market with linear inverse demand p(q) = 4 - q/2. The monopolist's cost function is c(q) = 2q. Write down the monopolist's profit function. Compute the profit-maximizing quantity and the corresponding price.
John Maynard Keynes who is considered to be the father of Macroeconomics by many once said "In the long-run we are all dead” to emphasize why decision-makers should not worry about long-run effects of policies. Changes in the money supply don’t have ..
A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willing to supply 1,100 bagels. Using the midpoint method, the price elasticity of supply for bagels.
Twenty-eight percent of all liquid crystal displays (LCDs) are manufactured by Samsung. What is the probability that in a collection of three independent LCD purchases, at least one is a Samsung?
Prepare the necessary adjusting entries at December 31, 2015, for the Jasper Company for each of the following situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. Depreciation on equip..
In 1991, Congress imposed a 10 percent excise tax on the portion of the retail price of certain items that exceeded the following: $35,000 for automobiles, $150,000 for yachts, and $20,000 for jewelry and furs. Evaluate theses taxes using the normati..
What is a perfect (pure) price competition model and what are its assumptions? Explain in detail how the price competition model is supposed to work, its process and the outcome (this includes many components relating to the quality of goods, the typ..
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