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ASSIGNMENT
Macroeconomics
Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.
Part A
1. Describe three ways we can use macroeconomic analysis, with one original example for each way.
2. You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)? Provide at least two supporting facts to support your response.
Part B
1. Using the real business cycle theory, explain two effects of an adverse technological shock on the labor market and on the output market.
2. Suppose you were interested in increasing technological progress in your country. Suggest two ways to do this.
The data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective demand and effective supply to maximize profit?
Suppose a firm produces bicycles. Will the firm's accounting statement reflecte the opportunity cost of the bicycles ? Why or why not? What cost would an accounting statement revela? Should current decisions be based on accounting cost? Explain.
the california instruments corporation a producer of electronic equipment makes pocket calculators in a plant that is
Using the midpoint formula, calculate the price elasticity of demand for the following problem: Calculate the income elasticity of demand using the general formula for elasticity:
Elucidate what is the cross elasticity of demand for pipes and pipe tobacco.
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use w..
Explain in detail keynes view on income determination. that is to account for income determination using the keynessian model oif income determination approach
let y denote the sample average from a random sample with mean ? and variance ? 2. consider two alternative estimators
The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage.
Draw an "aggregate supply-aggregate demand" diagram that shows an economy suffering from high levels of unemployment. Show the effects of the following events on the Aggregate Demand curve.
If an owner of a industry wanted to make a trip for non-business use and their lost wages was not tax-deductible.
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