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supervisor has been asked many questions about how the economy works and why the idea of limited resources is such a major concern in today's economy. As a result, she has asked you to prepare a PPT presentation on the topics. This presentation will be used in a training session for your peers. Specifically, your supervisor has asked you to do the following: Create a 3-6 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. Deliverables: Submit your paper in MS Word format, to the W1: Assignment 2 Dropbox by Saturday, October 18, 2014. Create a Microsoft PowerPoint presentation of 8-12 slides that summarizes your findings in your report. Post your presentation in the Assignment 2 Discussion Area by Saturday, October 18, 2014. Comment on at least two other presentations submitted by your peers, identifying the strengths and weaknesses of each. All submissions must be original and all resources must be acknowledged.
We write the percentage markup of price over marginal cost as (P - MC)/P. For a profit-maximizing monopolist, how does this markup depend on the elasticity of demand? Why can this markup be viewed as a measure of monopoly power?
According to Cahner's In Stat Group, number of worldwide wireless phone users will soon reach one billion. In the United States alone, the number of users is expected to increase by 17 million per year for the next five years.
Calculate the following measures of farm performance and state what they mean (i.e. meaning: return to management for their own and the bank's capital investment):
what is the most important factor leading to rising health care costs in the united states since 1980?athe increased
Consider an economy that abides by the classical mode. The production function is unspecified, but we know that the Theory of Distribution (ToD)[W/P=MPN] holds. Suppose there is adrop in the level of capital.
Assignment on Supply, Demand & Taxes, Supply, Demand, and Taxes, The market for tennis shoes exhibits the following supply and demand schedules:
Self-interest is a powerful motivator. Does this necessarily imply that people are selfish and greedy? Do self-interest and selfishness mean the same thing"?
Assume the reserve ratio is 20%.If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?
why do economists pay little attention to the algebraic sign of the elasticity of demand for a good with respect to its
A pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project. Experts from the company have estimated the market for the drug and thus the potential revenues for the drug are knows, but the relevant costs a..
identify at least five (5) fixed costs and five (5) variable costs OF the NFL (National Football League). If the business or economy slows down, discuss how the industry can control its costs based on the ten (10) costs you identified.
Select a model that you have some experience with and determine what types of specification errors you might encounter. Provide examples to support your response.
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