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1. What economic problem is the nation facing?
2. What would be the goals of your Fiscal Policy?
3. What exact Fiscal Policy would you recommend? Why?
4. Use an AD/AS diagram to show the effects of your fiscal policy on the economy.
5. Explain the advantages of your expansionary Fiscal Policy? Take a positive stand! (next)
6. Describe the affect on Y, Q, E, and Prices.
Suppose that the economy is already in recession, and both President and Congress have declared to do something to restore the economy.
You have been employed to manage a small manufacturing facility which has cost and production data given in the table listed below.
Find out the price p0 = S(q0) at which q0 units will be supplied and compute the corresponding producers' surplus PS. Sketch the supply curve y = S(q) and shade the region whose area represents the producers' surplus.
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
Evaluate the impact of the proposal to cut prices on total revenue, totalcost, and total profits - Price and Output Determination:Monopoly and Dominant Firms
Find out the Marginal Revenue and Marginal Cost
In a practical sense, write your opinions on the effect a rule stating that university students must live in university dormitories would have on the price elasticity of demand for dormitory space.
Describe the cutthroat competitors reasons for not increasing or decreasing his price, thereby accounting for the kink in his demand curve.
Analyze the effects of a change in money supply in an open economy under a flexible exchange value system. How are your conclusion affected by the adoption of a fixed exchange rate?
Explain a political, economic, or social interaction of decision makers that you have heard about in words. The condition should involve decision makers, available actions
A New Hampshire resort offers year-round activities: in winter, skiing and other activities to be cold; and in summer, golf, tennis and hiking. The costs of running resort are essentially the same in winter and summer.
Why is it significant for managers to understand both short run and long run supply and demand? Please give one hypothetical or real life example which illustrates your response.
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