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Create an 3-6 page report, that includes an explanation and/or examples of: A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets. An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy. An explanation of why or why not trade with other countries is beneficial to an economy and how international trade fits into the circular flow diagram. An explanation of the difference between micro and macro economics, indicating why the division is necessary. Create a Microsoft PowerPoint presentation of 8-12 slide presentation that summarizes your findings in your report.
Illustrate what cost as well as quantity will result once the patent expires and competition emerges in this market.
Producing a product and/or service has to involve a lot of strategic planning for the producer. It is not logical for a producer to just pick how much they want to produce without analyzing several key figures.
Most macroeconomists believe it is a good thing to taxes act as automatic stabilizers also lower the size of the multiplier.
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
Illustrate what was the impact on the supply and demand of labor on one sector of the labor market. Explain the factors that affected labor demand and labor supply in the chosen historical example.
Fearing inflation, it wants to increase taxes so which the net change in the equilibrium level of GDP is zero. By Elucidate how much taxes should be increased
Illustrate what will be the new equilibrium price, if the government puts a 15 cent per tax on the candy.
Explain how would Margaret's indifference map look like. What is the Marginal Rate of Substitution (MRSA,B) between good A and B.
Illustrate what amount of profit does the industry fail to pick up by refusing to increase output by one unit
illustrate what are short-run and long-run effects on aggregate price level and aggregate output. There is an increase in taxes on households. There is an increase in quantity of money. There is an increase in government purchases.
briefly explain the probable effects of the screenwriters’ wage increase on: Equilibrium price, equilibrium quantities, and total revenues in the movie and popcorn markets.
A firm†TM s demand function is defined as Q = 30 - 2P. a) Use this demand function to calculate total revenue when price is equal to 10 and when price is equal to 11. b) What is marginal revenue equal to between P=10 and P=11?
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