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Suppose your supervisor has been asked many questions about how economy works and why the idea of limited resources is such a major concern in today's economy. Specifically, your supervisor has asked you to do the following:
Create an three to six 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.Then I have to turn this into a presentation (power point) as a training thing for pretend employees.
Identify each as being consistent with risk averse, risk neutral or risk seeking behavior in investment project selection. Explain.
What is the law of diminishing returns? Can you provide an example of when diminishing returns have set in (could set in) at a work place?
Assume that the aggregate demand curve is P=120 - Q, where P is price level and Q is real output. If the short-run aggregate supply curve
Based on the Solow model, how would each of the following affect consumption per employee in the long run? Describe and illustrate your answer graphically.
Can you please provide me an example of the company that has made a strategic decision based on productivity and costs.
Examine the models of oligopoly and create at least one recommendation for improvement. Describe your rationale.
A company wants to prepare the demand curve for its product that it is selling. How would it get the information to prepare the schedule? How could a company prepare the demand curve for the new product that has not been seen by the public?
Explain how this tax or subsidy would achieve the socially efficient level of output. Among the various interested parties - the monopoly firm, the monopoly's consumers, and other taxpayers - who would support the policy and who would oppose it?
Karen runs a print shop that makes posters for large companies. It is a very competitive business. What is her AFC per poster (not per thousand!) if she prints 1000 posters? 2000? 10,000?
A country should engage in international trade when the country can give up fewer goods for imported item than is implied by the item's domestic opportunity cost of production.
The upper graph is for perfectly competitive firm. The lower graph is for the monoploist. Employ the graphs to answer the following questions: What is the firm's Total Revenue?
According to the computer industry what are positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in long run.
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