1. Firm’s cost function shows the relationship between total cost (C) and output (Q). Derive the cost function by minimizing C = 2K + 10L subject to a production function of Q = K0.5L0.3. Does the average cost (AC) increase with output level? Show your work. Is the marginal cost (MC) greater than the average […]
Explain the type of competition or market structure of the industry. Support your market structure analysis with industry research and the use of course material.
Industry Analysis Assignments The research project is to collect, organize and interpret data on any U.S based industry of your choosing and provide a two full page (longer than 2 pages is fine) written summary plus title page. Industry selections should not be too broad (i.e., healthcare, agriculture, retail) to encompass an entire sector. The […]
Examine different factors that affect supply and demand, and also supply and demand equations to calculate the equilibrium price and quantity.
Market Equilibrium and Taxes In this assignment, you will examine different factors that affect supply and demand, and also supply and demand equations to calculate the equilibrium price and quantity. In addition, you will evaluate the effects of imposing per unit tax on market price, quantity and economic welfare. 1. Analyze what would happen to […]
Write an economic report using at least 200 words. Then provide counter-evidence that imports will bring overall benefits to our nation in terms of improving the total welfare.
Case Study Choose three from four available tasks below, and write an economic report using at least 200 words for each task. Make sure you provide biblical perspectives in your report. Suppose you are a junior macroeconomists working for an economic consulting firm in California. Recently you are assigned to tasks with four important economic […]
Complete a research paper over a current economic topic and relate the current topic to economic principles covered in this course.
ECONOMICS RESEARCH PAPER Complete a research paper over a current economic topic. The topics can be about anything as long as you can relate it to economics somehow. This doesn’t have to be just a boring paper on GDP. Minimum of 2 sourcesInclude a title page and work cited page2–4 pages in length (this does […]
Explain what the ‘ultimatum game’ and the ‘trust game’ are, and what the commonly observed choices in these games imply about behaviour using the language of reciprocity.
Behavioural economics Explain what the ‘ultimatum game’ and the ‘trust game’ are, and what the commonly observed choices in these games imply about behaviour using the language of reciprocity.300 words A2. The cost of going to the gym is comprised of a monetary cost of 7 and a psychological cost, the monetary equivalent of which […]
Write a 2–3-page paper (double-spaced, 1-inch margins) providing at least 1 example of how government has overstepped biblical principles in some form of economic policy.
Economics Analysis Assignment Overview For this assignment, you will write a 2–3-page paper (double-spaced, 1-inch margins) providing at least 1 example of how government has overstepped biblical principles in some form of economic policy. Be sure to adhere to the format specified in the Course Style Guidelines document. Options include the following topics: A specific piece […]
Define and calculate the remaining six major cost elements of a business when given the total costs and the quantity produced.
Assignment: Cost Analysis and the Perfectly Competitive Market In this assignment, you will define and calculate the remaining six major cost elements of a business when given the total costs and the quantity produced. You will then use the computed costs to determine a minimum cost output level for that business. Next, you will compute […]
What will be the short-run and long-run impacts of such a price ceiling on the Onus monopoly ferry operator’s profits and continued ability to provide service to the inhabitants of the east coast island of Onus?
Assignment: Monopolies In this assignment, you will demonstrate your understanding of how supply and demand differ between monopolies and perfectly competitive markets and how these two markets determine the quantity supplied and market prices. Also provide explanations of how the price effect and the quantity effect cause marginal revenue to be different from the price. […]
Propose and evaluate three options of how management can deal with the impact that the above macroeconomic variables have on your company.
Research the current state of macroeconomic variables for the UK Task You have been appointed as an economic advisor to top-level management in a UK-based company. Research the current state of play of the following macroeconomic variables for the UK, including relevant current statistics and graphs: Inflation Economic Growth Employment and unemployment Balance of Payments […]