Microeconomics Identify the key concepts in Economics: scarcity, opportunity cost, comparative advantage, and externalities Discuss the key concepts in Microeconomics Distinguish between microeconomic and macroeconomic issues Differentiate between positive and normative economics Identify factors of production 6.avoid plagiarism
Should a nation tend to export or import goods for which it has a comparative advantage? Explain. Why do economists oppose policies that restrict trade among nations?
Principles of Macroeconomics Read the case “The Minimum Wage” from Chapter 6 “Supply, Demand, and Government Policies” Page: – 117 given in your textbook – “Principles of Macroeconomics”. A case study discusses the federal minimum-wage law. Questions: 1 Suppose the minimum wage is above the equilibrium wage in the market for unskilled labor. Using a […]
Recreate the simple cash budget for Bithlo Barbecues. What is the difference between the simple and the complex budget? Submit one workbook with 3 sheets.
Simple and Complex Cash Budget Recreate the simple cash budget for Bithlo Barbecues Exhibit 4-6: A Completed Simple Cash Budget Use Scenario Manager to recreate Exhibit 4-7 Scenario Summary Insert a text box and answer this question: what is the advantage of using Scenario Manager? Recreate Exhibit 4-9 Calculating the Cash Balance with Borrowing and […]
Why should the firm’s output return to a more normal cost curve over time? Explain what happened to at least two different types of producer’s profits during 2020 – 2022.
Topic: Marginal Product and Resources We can identify from this reading that as more quantity is produced, inputs used can be purchased in larger quantities – known often as economies of scale. Why was this not the case during 2020 to 2022? What happened in the markets that prevented this normal mechanism from working? There […]
What are the main characteristics of the business model of the company of your choice? What are the main characteristics of the market structure of the industry of the company of your choice?
Topic: Amazon Business Model The paper will be about one of the following companies: Amazon, Boeing, Costco, Facebook, Gillette, Hachette, J.C. Penney, McDonalds, Priceline, Schick, Virgin Atlantic, Wal-Mart. Choose one of the following research questions: 1. What are the main characteristics of the business model of the company of your choice? 2. What are the […]
Write an essay on the appropriate regulation where the completeness assumption does not hold the case of addictive substances and culture.
Appropriate regulation where the completeness assumption does not hold the case of addictive substances and culture Write an essay on the appropriate regulation where the completeness assumption does not hold the case of addictive substances and culture. Key words are addictive substances, completeness, regulations. Should have an introduction, theoretical argument for and against, empirical evidence […]
Select an e-commerce web site, which is a website where viewers can select and purchase items; critique your selected site by focusing on any five of Krug’s key principles as applied to the site.
Topic: E-Commerce Project Read Steve Krug’s Don’t Make Me Think; Select an e-commerce web site, which is a website where viewers can select and purchase items; critique your selected site by: focusing on any five of Krug’s key principles as applied to the site. For example, as Krug’s book’s title suggests, web sites should not […]
Submit a three to four page argumentative essay paper discussing, what you think about sporting arenas being funded with public money?
Argumentative Essay: Submit a three to four page paper, double spaced with proper APA citations answering the following: Do you think sporting arenas should be funded with public money? Yes or No?
What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit?
Microeconomics Tools for Purposes of Problem solving, Analysis, and Decision Making Examine microeconomic tools for purposes of problem solving, analysis, and decision-making. It is highly recommended that you review the Seminar presentation located in the “Learn” area before beginning the Assessment. https://kapextmediassl-a.akamaihd.net/business/Media/GB540/GB540_1504D/GB540U2SP/presentation_html5.html Explain the relationship between the price elasticity of demand and total revenue. What […]
Explain 3 things American companies should do to minimize the negative economic impacts of declining availability of the resource.
Topic: Microeconomics Pick one of these critical scarce resources: Phosphorus Scandium terbium provide 3 reasons why this resource is so critical along with what the resource is primarily used for. As the availability of the resource decreases, what would you expect to happen to the price of the resource and how will that impact the […]