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Part A
1. Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way.
2. You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)? Provide at least two (2) supporting facts to support your response.
Part B
1. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
2. Suppose you were interested in increasing technological progress in your country. Suggest two (2) ways to do this.
Graph a market with a tax where firms pay the majority of the tax. 3. Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition. Compare the results. Gra..
Construct a table showing the marginal failure reduction (in units) and the dollar value of these reductions for each inspector hired.
Discuss how leaders identify and formulate effective change to address stakeholder expectations. Analyze how organizations need to improve with respect to employee and customer responsiveness to meet objectives.
university is probably an M-form organization. Its president administers schools, for example, a college of business and a college of liberal arts. The college of business Each of these in turn has a dean who is responsible for faculty departments..
The following equations describe an economy, compute the simpler government spending multiplier in our open economy that applied under constant interest rate and equilibrium levels of output and interest rate
Explain the differences and/or similarities between firms in pure competition market structures and firms in monopolistic competition market structure:
You are given the following information concerning Freedonia, a legendary country, Determine the marginal propensity to consume in Freedonia, and what is the marginal prosperity to save?
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Quantity and cost of both things are given in the table. Calculate the following from the given information:
What is the opportunity cost of investing in capital? Do you think a country can "over invest" in capital?
Should price rise for products in demand be allowed during extreme times of demand.
as an employee of the world bank you have been asked to research 1 economic concern in a south american country and
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