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While sitting in your office one evening, you begin to think about some of the key microeconomic messages you want to communicate to the Board. (Key concepts include, but are not limited to, supply and demand, pricing, competition, costs & production, and economic value added.) Pick two key concepts and discuss what you will present to the Board and why.
If supply decreases along a given demand curve. Fiscal policy focuses on manipulating.
RainAway, Inc., makes polymers used to coat the windshields of car's, planes, and boats-Complete the following table based on the RainAway product's price, output and costs per year:
Illustrate what price is required to maximize income but keep profits at a minimum of $300?
Illustrate the maxmium so and so would pay for insurance.
Illustrate what happened to employment during the rest of 2008. What are some of the alternatives to a tax cut that might have been used.
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
Assume that the unemployment benefits provided by the private sector (firms) are increased permanently, please answer the following questions.
Illustrate what are the production elasticities of demand for labor, capital (trucks) and energy. What type of returns to scale is consistent with the above production function.
Examine present global economic and political policies and their impact on business decisions.
Elucidate the effect of this inflow on the rental price of capital in the United States and on the quantity of capital in use.
Account for the effect of the two proposed fiscal policy actions in the short run and long run. This includes a description of the consequences of relevant macroeconomic variables.
Draw a graph of the market for banana. What are the equilibrium price and quantity? Explain why. If the price of banana was $1.50 a box. What would be the situation in the banana market (shortage or surplus)? Explain why and how the price and quanti..
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