What are the main differences between microeconomic

Assignment Help Business Economics
Reference no: EM13244116

You are asked to address a professional meeting and explain microeconomics, macroeconomics and their differences. Please answer the following questions:

  • What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
  • Would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision?
  • Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours? In the end, what was the result of your decision?

Write out the text of your speech with Abstract and conclusion

Reference no: EM13244116

Questions Cloud

What is the elecron current in the filament : The current in a 100 watt lightbulb is 0.85 A. The filament inside the bulb is 0.25 mm in diameter. What is the elecron current in the filament
How many nursing units it will hire : The following is a labor supply function: Wage per hour Quantity of Nurse Supplied $2 1 4 2 6 3 8 4 10 5 12 6 Nurses are used by the clinic to provide clinic visits.
Divide the loss for the two situations by the daily wage : The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day
What is its effective resistance : A small office building air conditioner operates on 250 V AC and consumes 3.88 kW, What is its effective resistance and How is energy related to power? Check units for consistency
What are the main differences between microeconomic : What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
Find the stopping distance of the car : A car is traveling at 50.0 mi/h on a horizontal highway, What is the stopping distance when the surface is dry and µs = 0.601
Microeconomics is considered to be the study of scarce : Microeconomics is considered to be the study of scarce resources (Perloff, 2007). Here, consumers (both individuals and organizations) must make allocation decisions.
Two proposals have been made for state expenditures : A firm has the opportunity to invest in a project having an initial outlay of $20,000. Net cash inflows (before depreciation and taxes) are expected to be $5,000 per year for five years. The firm uses the straight-line depreciation method with a zero..
Calculate the magnitude of acceleration : A device known as Atwood\'s machine consists of two masses hanging from the ends of a vertical rope that passes over a pulley, calculate the magnitude of their acceleration, a, and the tension in the rope, T

Reviews

Write a Review

Business Economics Questions & Answers

  Upstream wholesaler with monopoly pricing power

Assume that this cost is set by an upstream wholesaler with monopoly pricing power.

  Explain how does price elasticity affect the price-quantity

Explain how does price elasticity affect the price-quantity combination and segment of the demand curve that the monopolist would prefer for price and output.

  Marginal cost of providing lockers is zero

Assume that the marginal cost of providing lockers is zero as well as the monthly demand as well as for lockers is estimated to be best described.

  Illustrate what are the monopolist''s profit-maximizing price

Illustrate what are the monopolist's profit-maximizing price and total output.

  Explain how many boxes of lettuce should the supermarket

Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.

  What solution might there be for these people

Discuss and post what solution might there be for these people who lack access to computers. Recalling that the definition of perfect competition refers to a market with many buyers, among other factors, thus, how may these people gain access to the ..

  Monopolist has demand and cost curves

Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.

  Maintain the same profit

If the company will sell the number of units obtained in part d and wants to maintain the same profit as last year, what will its new price have to be.

  Estimated regression equation

Estimated regression equation for which quantifies the demand for Widget

  Esource prices return to original levels

If the resource prices return to original levels, but a new technique is invented that can produce.

  What are the various formes of dispute resolution available

what are the various formes of dispute resolution available to your company? what are the advantages and the disadvantages of each for your company?

  Number of professors visited during the earlier week

Every Saturday morning he requires his sales staff to send him a report. This report Comprises, among other thing, the number of professors visited during the earlier week.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd