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Assignment
Scenario: Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and principles.
Develop a 1,050-word report to the members of the strategic planning committee explaining the following information:
• How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
• Using the circular flow model, explain the flow of money and goods in an economy.
• How the economy coordinates society's independent economic actors.
• A country's gross domestic product (GDP) and how it is defined and calculated.
• How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.
How does an increase in disposable income affect the consumption function? How does an increase in expected future income affect the consumption function?
When Joe started his job at the Laundromat five years ago, his wage was $5.00 an hour. Today his wage is $8.50 an hour. If Joe started his job in the base year, and his real wage is the same as when he started, what is the customer Price Index today?
The economic theory of regulation suggests that firms have an incentive to support protective regulation. Do workers have a similar incentive?
What single sum of money at t = 4 is equivalent to receiving $5,000 at t = 1, $5,800 at t = 2, $7,300 at t = 3, and $8,200 at t = 4 if money is compounded at a rate of 11.5% per time period?
For given input prices, less expensive bundles of inputs are associated with:
Why is Brazil doing bad economically? What could help develop it?
What is the short-run profit-maximizing policy of a monopolistically competitive firm and how is the long-run equilibrium of monopolistic competition like that of perfect competition? also give example.
find demand curves for x and y using the following utility functions all demand curves should be functions of income
suppose the initial conditions of the economy are characterized by the following equations. in this problem we assume
What is the break-even sales volume and dollars for each nut - The Nut House sells almonds, cashews, and pistachios.
Decide the demand function and inverse demand function for good X. Indicate whether goods Y and Z are substitutes or complements for good X? Is X an inferior or a normal good? How many units of good X will be purchased when Px=4900?
Prepare a 2 page paper using APA format discussing Airline Ticket Prices.Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.
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