LEARN MORE...

Macroeconomics Paper

Content type

User Generated

Subject

Economics

Type

Homework

Uploaded By

Znqvanovyn099

Pages

4

Showing Page:

1/4

Sign up to view the full document!

Showing Page:

2/4

Sign up to view the full document!

Showing Page:

3/4

Sign up to view the full document!

End of Preview - Want to read all 4 pages?

Unformatted Attachment Preview

Running head: MACROECONOMICS 1 Macroeconomics Name Institution MACROECONOMICS 2 Macroeconomics Watching and listening to this week’s talks shed light on some significant elements of macroeconomics and how each of them plays a critical role in advancing a nation’s overall economy. One of the issues that were discussed in almost every talk was inflation. Haruhiko Kuroda, the Governor of the Bank of Japan, explains this to be one of the significant factors that influence the Consumer Price Index (CPI) ratings (The Banker, 2018). Ideally, this implies that when inflation is high, consumers are limited to the number of goods and services they can access, and the overall consumption in the respective economy is significantly lowered. Income inequality, which is a much-debated topic in modern-day economic circles, is also highlighted. Nick Hanauer discusses the relation between income inequality and unemployment citing that the wealthiest individuals ought to be taxed higher as a way to remedy the situation (Political YAK, 2012). Mainly, it is the strength of the fiscal policy of a country that determines issues to do with job creation, and on the larger scene, to determine its ...
Purchase document to see full attachment

Tags: macroeconomics economics d econ 1

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Studypool

4.7

Indeed

4.5

Sitejabber

4.4

24/7 Study Help

Stuck on a study question? Our verified tutors can answer all questions, from basic math to advanced rocket science!

Post question

Rasmussen College Why Should One Study Ethics Discussion Paper

This module introduced you to an overview of ethics and ethical foundations. For this first discussion board, address the ...

Rasmussen College Why Should One Study Ethics Discussion Paper

This module introduced you to an overview of ethics and ethical foundations. For this first discussion board, address the following questions in your initial post:Why should one study ethics? Are ethics really necessary for us to function as a global society?When (at what age) and where should ethics be taught?Is it possible for one's ethics to change over time? Why or why not?Also respond to class mate post. See post below.RCStudying ethics is an excellent way to help understand and realize what people and the world are like. Ethic's are extremely necessary for the world to function as a global society. If there was no ethics, then I believe the world would be in more of disarray then it already is. Teaching ethics should start differently for everyone. It should be based on the maturity of the person and what they can understand. One's belief in ethic's can change over time very quickly because the ethic's a person believes in is not set in stone. There are very few things in life ever set in stone and unchangeable

14 pages

Unit 3 Assisigment

1. Unless specified differently by your course instructor, save this assignment template to your computer with the followi ...

Unit 3 Assisigment

1. Unless specified differently by your course instructor, save this assignment template to your computer with the following file naming format: ...

what is plagiarism 250words

what is plagiarism 250words

ASSIGNMENT #3: Production Cost

Need to complete this assignment------------------------------------------------------------------------------------------ ...

ASSIGNMENT #3: Production Cost

Need to complete this assignment-------------------------------------------------------------------------------------------------WRITTEN ASSIGNMENT #3:Please open the document in the link below and follow the instructions, answering all the questions.Attempt to integrate your personal insights and real world facts with economic concepts from the textbook.1. See File Attached "ASSIGNMENT 3-1.docx".The following link opens a document with "Hints."2. See File Attached "Hints.docx".Also the textbook is available here: http://bit.ly/2nWsi19 - (eBook PDF)Thank You So Much.

Production Cost Analysis help

Production Cost Analysis and Estimation Applied Problems**** ALL parts answered and labeled with original work ****plagi ...

Production Cost Analysis help

Production Cost Analysis and Estimation Applied Problems**** ALL parts answered and labeled with original work ****plagiarism report must be attached pls***Introduction and conclusion paragragh required along with references Please complete the following two applied problems: Problem 1: William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week. Workers employed Qty of pizzas produced per week 0 1 2 3 4 5 6 7 8 0 75 180 360 600 900 1140 1260 1360 Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary. Which inputs are fixed and which are variable in the production function of William’s pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed?What number of workers appears to be most efficient in terms of pizza product per worker?What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?Why would marginal productivity decline when you hire more workers in the short run after a certain level?How would expanding the business affect the economies of scale? When would you have constant returns to scale or diseconomies of scale? Describe your answer. Problem 2: The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months, as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. And its demand equation is Q = 4100 – 25P. The company is currently producing 1,000 pairs of shoes weekly and is considering expanding its output to 1,200 pairs of shoes weekly. To do this, it will have to lease another shoe-making machine ($2,000 per week fixed payment until the lease period ends). Show all of your calculations and processes. Describe your answer for each item below in complete sentences, whenever it is necessary. Describe and derive an expression for the marginal cost (MC) curve.Describe and estimate the incremental costs of the extra 200 pairs per week (from 1,000 pairs to 1,200 pairs of shoes).What are the profit-maximizing price and output levels for Paradise Shoes? Describe and calculate the profit-maximizing price and output.Discuss whether or not Paradise Shoes should expand its output further beyond 1,200 pairs per week. State all assumptions and qualifications that underlie your recommendation.

FIN101 Interactive Activity

FIN101 Interactive Activity

Similar Documents

AUST Economics The Great Depression: A Regulatory Failure Essay

This essay focuses on the role of government in managing a capitalist economy. You can choose between two applications of ...

Investment finance

1. What is the difference between the forward and the futures markets? What are the pros and cons associated with using e...

Saudi Electronic University Financial Institutions & Monetary System Questions

Instructions – PLEASE READ THEM CAREFULLY The Assignment must be submitted on Blackboard (WORD format only) via allocat...

SEU International Trade Essay

In a critical essay, discuss at least two trade theories that can explain Saudi Arabia’s international trade. Analyze th...

The federal reserve changes the reserve ratio in the economy from 10% to 5%, homework help

If the federal reserve changes the reserve ratio in the economy from 10% to 5%, explain the effect this will have on the b...

Saudi Electronic University Currency Depreciation Discussion

Description In a critical essay, analyze how currency depreciation stimulates exports. Evaluate the three major approaches...

Af 325 Final Exam Spring 2022

Instructions: Enter your name above. Multiple choice questions start on page 2, enter your multiple-choice answers in the ...

Answers For Economics

If K is capital measured by number of machines and is fixed at 10 machines in the short-run, L is labor...

Macroeconomics Discussion

An economic stimulus is critical, especially in getting a country out of recession. The main aim of economic stimulus is t...

Study help

Our tutors provide high quality explanations & answers.

Post question

Rasmussen College Why Should One Study Ethics Discussion Paper

This module introduced you to an overview of ethics and ethical foundations. For this first discussion board, address the ...

Rasmussen College Why Should One Study Ethics Discussion Paper

This module introduced you to an overview of ethics and ethical foundations. For this first discussion board, address the following questions in your initial post:Why should one study ethics? Are ethics really necessary for us to function as a global society?When (at what age) and where should ethics be taught?Is it possible for one's ethics to change over time? Why or why not?Also respond to class mate post. See post below.RCStudying ethics is an excellent way to help understand and realize what people and the world are like. Ethic's are extremely necessary for the world to function as a global society. If there was no ethics, then I believe the world would be in more of disarray then it already is. Teaching ethics should start differently for everyone. It should be based on the maturity of the person and what they can understand. One's belief in ethic's can change over time very quickly because the ethic's a person believes in is not set in stone. There are very few things in life ever set in stone and unchangeable

14 pages

Unit 3 Assisigment

1. Unless specified differently by your course instructor, save this assignment template to your computer with the followi ...

Unit 3 Assisigment

1. Unless specified differently by your course instructor, save this assignment template to your computer with the following file naming format: ...

what is plagiarism 250words

what is plagiarism 250words

ASSIGNMENT #3: Production Cost

Need to complete this assignment------------------------------------------------------------------------------------------ ...

ASSIGNMENT #3: Production Cost

Need to complete this assignment-------------------------------------------------------------------------------------------------WRITTEN ASSIGNMENT #3:Please open the document in the link below and follow the instructions, answering all the questions.Attempt to integrate your personal insights and real world facts with economic concepts from the textbook.1. See File Attached "ASSIGNMENT 3-1.docx".The following link opens a document with "Hints."2. See File Attached "Hints.docx".Also the textbook is available here: http://bit.ly/2nWsi19 - (eBook PDF)Thank You So Much.

Production Cost Analysis help

Production Cost Analysis and Estimation Applied Problems**** ALL parts answered and labeled with original work ****plagi ...

Production Cost Analysis help

Production Cost Analysis and Estimation Applied Problems**** ALL parts answered and labeled with original work ****plagiarism report must be attached pls***Introduction and conclusion paragragh required along with references Please complete the following two applied problems: Problem 1: William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week. Workers employed Qty of pizzas produced per week 0 1 2 3 4 5 6 7 8 0 75 180 360 600 900 1140 1260 1360 Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary. Which inputs are fixed and which are variable in the production function of William’s pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed?What number of workers appears to be most efficient in terms of pizza product per worker?What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?Why would marginal productivity decline when you hire more workers in the short run after a certain level?How would expanding the business affect the economies of scale? When would you have constant returns to scale or diseconomies of scale? Describe your answer. Problem 2: The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months, as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. And its demand equation is Q = 4100 – 25P. The company is currently producing 1,000 pairs of shoes weekly and is considering expanding its output to 1,200 pairs of shoes weekly. To do this, it will have to lease another shoe-making machine ($2,000 per week fixed payment until the lease period ends). Show all of your calculations and processes. Describe your answer for each item below in complete sentences, whenever it is necessary. Describe and derive an expression for the marginal cost (MC) curve.Describe and estimate the incremental costs of the extra 200 pairs per week (from 1,000 pairs to 1,200 pairs of shoes).What are the profit-maximizing price and output levels for Paradise Shoes? Describe and calculate the profit-maximizing price and output.Discuss whether or not Paradise Shoes should expand its output further beyond 1,200 pairs per week. State all assumptions and qualifications that underlie your recommendation.

FIN101 Interactive Activity

FIN101 Interactive Activity