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Deliverable Length: 5–10 pages Details: As an economist, you have been asked to address a meeting of a group of international professionals to explain the differences between microeconomics and macroeconomics and to provide real-world examples. Please create a PowerPoint presentation of 5–10 slides including, but not limited to the following: •the main differences between microeconomics and macroeconomics •an example of each phenomenon •a description of a microeconomic decision you made, and the factors that contributed to your decision •a description of a specific macroeconomic phenomenon or event and how it has impacted you
Many people regularly commute from the suburbs to downtown Pleasantville. Due to traffic congestion, the trip takes 30 minutes when you travel by highway but only 15 minutes when you go by side streets.
(a) Assume a competitive labor market. Draw the demand of labor curve for an individual firm. Assume that the firm faces a labor supply curve that is neither perfectly inelastic nor perfectly elastic. If the firm has the ability to command more ef..
One of the limiting resources in our economy is time. As a society, we make selection about allocation of time in work and other pursuits.
Explain why a lump-sum government transfer can entice some workers to stop working (and entices no one to start working) while the Earned Income Tax Credit (EITC) can entice some people who otherwise would not work to start working.
Give a brief written evaluation of Kissick Corporation 's results from operations for the year and its financial position at the end of the year.
In recent years, consumption spending by households has accounted for about 70% of the total spending (aggregate demand) in the U.S. economy.
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
A family friend has asked your help in examine the operations of 3-anonymous companies operating in the same service sector industry. Fill the missing data in the table below.
Suppose an economy characterized by the following equations; Assume W=10,000. Draw the aggerate expenditure function on a scale diagram along the 45 degree line.
At a product price of $56, will this company produce in the short run? If it is preferable to manufacture, what will be the profit-maximizing or loss-minimizing output?
Find out an output which maximizes the total revenue. Calculate the price elasticity of demand at this output.
Describe an adverse selection problem your company is facing. What is the source of the asymmetric information. Who is the less informed party. What transactions are not being consummated as a result of the information. Could you (or do you) u..
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