Unit 4 Assignment: Elasticity of Demand Assignment: In this assignment, you will focus on marginal utility, price elasticity of demand, and understanding the difference between price elasticity of demand and income elasticity of demand. You subconsciously assign “scores” to what you are considering purchasing, based on the expected level of satisfaction (marginal utility) with that […]
How can you combine the ideas of public choice and rent seeking? Explain one real-world example of combining public choice and rent seeking.
Prior to beginning work on this discussion, read Chapter 14 in your textbook and Tim Worstall’s article, One Benefit of Nancy MacLean’s Democracy in Chains – Public Choice and Rent Seeking Popularised (Links to an external site.). Based on the article’s information and Chapter 14 in your textbook, especially Sections 14.1 and 14.2, respond to […]
If you were an outside advisor to Fed Chair Jerome Powell what advice would you give to him on interest rate increases and why?
Interest rates are near an all-time low with the prime rate about 3.25% and the Federal Funds rate at 0.25%. This has helped to stabilize the economy since the onset of the Covid-19 pandemic in March 2020. In normal times such aggressive polices might be thought to risk overstimulating the economy. Are there reasons to […]
Compose 700-800 word paper about cybersecurity in the workplace and explain why should companies increase cybersecurity awareness among their employees?
Caution! Virus! Compose 700-800 word paper about cybersecurity in the workplace. The two questions below should help guide the flow of the paper in addition to following the rubric A through D below as well. 1. Why should companies increase cybersecurity awareness among their employees? How can they do this? 2. What are some resources […]
What recommendation would you give policymakers to ensure sustained economic growth following the covid crisis?
Macroeconomics Part A [30%]Answer ONE questionQ1Solve for output-per-person in the basic Romer model. Critically assess the effect that technological advancement could have on the balanced growth path and provide the intuition for your results. Q2Consider the household problem in a benchmark two-period OLG framework. Using the following functional form for the utility function𝑈(𝑐ଵ௧, 𝑐ଶ௧ାଵ) = […]
Explain the price elasticity of demand in your company’s market structure and its effect on your company’s pricing decision.
Market Structures Read Chapters 9, 10, and 11 in your textbook. Select one real-world company to use for the Week 4 assignment. use 3 scholarly sources plus your book. In your paper, Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order. Identify your company’s market structure (i.e., perfect competition, […]
What distinguishes a natural monopoly from other monopolies? What are the pros and cons of regulating natural monopolies?
Evaluating Firm Behavior and Industry Performance With Imperfect Competition What distinguishes a natural monopoly from other monopolies? What are the pros and cons of regulating natural monopolies? Does your answer differ depending on the specific product or industry being regulated? Your response should be at least 75–150 words (1–2 paragraphs) in length. Assume Acme Corporation […]
Research and write a research paper about how gas prices went up and 3 solutions to solve the gas prices problem while using satire.
Gas prices Research and write a research paper about how gas prices went up and 3 solutions to solve the gas prices problem while using satire.
Read this paragraph and write a summary explaining how will the proposed increase help workers and which parts of the labor market would be helped?
Read this paragraph and write a summary. (What you like about it, what you know about it, or if you agree, etc.) MAKE SURE THAT YOU ADD SOMETHING NEW to the discussion. Market Impact of the new federal minimum wage Currently, in the United States, the minimum wage for workers is $7.25 per hour and it […]
Read this paragraph and write a summary what you like about it and what you know about it, or if you agree.
Read this paragraph and write a summary. (What you like about it, what you know about it, or if you agree, etc.) Make sure that you add something new to the discussion. The Raise the Wage, which phases in a $15 minimum wage ,would raise the earnings of 32 million workers, or 21 % of […]