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Identify which issues are macro or micro economic
Identify whether the following issues are macroeconomic or microeconomic and explain why you categorized them in that way.
a. The growth rate of real GDPb. A government policy that guarantees a minimum price of agricultural goodsc. A tax on restaurant mealsd. A government policy to affect the increase in the overall price level
Suppose a risk averse agent. Explain how many units of the contract will the agent buy if the price is q=k.
Draw marginal revenue function for this firm. What is the profit-maximizing price for this firm? On the graph describe the area, this represents the net loss to society resulting from the monopoly power conferred by the patent.
Make a schedule showing total product, average product of labor, and marginal product of labor using a range of labor inputs
Make sure to include some final recommendations and strategic initiatives.
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers.
Explain in briefly about two paragraphs the supply and demand analysis and the impact of government regulations at McDonalds.
In your discussion, comprise the reason for the lawsuit, the outcome of the trial and how this lawsuit affected Microsoft and consumers.
Given the following predictions for nominal wage increases and productivity growth, state your forecast for inflation (assume this is all the information available to make the forecast).
Illustrate what value for r is optimal for the seller, and what then is the seller's expected profit.
What is the optimal level of production of wine decanters? Verify that this level of output maximizes not minimizes profit
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