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For this assignment you need to identify and describe three differences between macroeconomics and microeconomics. For each of the three examples, give one of the following to help illustrate the difference between microeconomics and macroeconomics: the type of question that an economist might ask in macroeconomics as opposed to microeconomics, the data that might be collected by a macroeconomist, the type of decision that must be made at a macroeconomic level. A good essay would have at least 100 words for each part of this assignment (at least 300 words total)
What will happen to the price and quantity? What will happen to the amount that domestic producers supply? What will happen to revenues of domestic and foreign producers?
Super Cola is also considering the introduction of a root beer drink. The company feels that the probability that the product will be a success is .6. The payoff table is as follows: Success (s1) Failure (s2) Produce (d1) $250,000 -$300,000 Do Not Pr..
An investment portfolio contains stocks of a large number of corporations. Over the last year the rates of return on these corporate stocks followed a normal distribution with mean 12.2% and standard deviation 7.2%. For what proportion of these corpo..
Graph the Bens consumption function also find their households marginal propensity to consume.
A bank receives new deposits equal to $200,000 and the required reserve ratio is 10%. Assuming that desired ratio is equal to their required reserve ratio and no currency drain (C=0) answer the following questions: What is the amount of new loans the..
there is an incumbent monopoly in a market. A potential entrant may enter. Draw the game tree describing the situation?
Suppose that Jenny is the only consumer in the antique car market. Her willingness to pay for an antique car is $200,000. Based on Jenny's willingness to pay, plot demand schedule in the graph below utilizing the blue points.
q.a monopolist faces the inverse demand for its output p 30 - q the monopolist also has a constant marginal and
Equilibrium exists where the price level is 1.25 and the money supply equals 21 billion. What is a new possible equilibrium when the Federal Reserve buys some government bonds?
Explain the relationship between one's beliefs about whether the minimum jobs program presented in the chapter actually solves the unemployment problem and one's normative view of responsibility for unemployment.
Find the lump sum deposited today that will yield the same total amount as this yearly payment made at the end of each year for 20 years at the given interest rate, compounded annually. $55,000 at 5%.
A local cell phone monopoly faces the following monthly inverse-demand for lines from a typical family: P = 100 – 20Q. The total cost to the monopoly is C(Q) = 20Q. This implies that the marginal monthly cost to the monopoly is $20 per line. (Please ..
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