What economic theory states and predicts about issue present Assignment: Article Analysis Locate a news article about an issue that has been addressed (e.g., poverty, pollution, etc.) in order to conduct a meta-analysis of the author’s economic perspective of the selected issue. Write a six to eight page paper in which you: 1. Provide a […]
Find the market demand curve for peanuts 1. This set of questions is meant as a review of supply and demand shifts. For each question assume the market is initially in equilibrium. a. Consider the market for bicycles. Suppose that the Surgeon General announces that adults who bicycle for forty minutes a day have substantially […]
Explain graphically how this market would be affected Hormone free dairy milk has been found to be potentially more beneficial and healthy. consider the market for this product in South Africa and answer the questions that follow. Question 1) explain and show graphically how this market would be affected if South Africans choose to be […]
Similarity between competition and monopolistic competition Problems- 1. Price is equal to average total cost if the firm: A. is never in productive equilibrium. B. is earning a normal rate of profit. C. is earning zero profits. D. needs to cut costs in the short run. Use the following data Labor Quantity 1 9 2 […]
Calculate the elasticity of demand from point a to point b – Microeconomics 1. In the table below use the data about demands for stoves. Point Price Quantity Demanded A $150 6,500 B $170 5,800 C $190 5,200 D $210 4,600 E $230 4,200 F $250 4,000 A) Calculate the elasticity of demand from point A […]
Monopolist selling widgets – Microeconomics You are a monopolist selling widgets. You face costs of C(Q) = 10 + 2Q^2 Suppose you face the following market demand: Q(p) = 3000 – 2p. (a) What price will you charge? How many widgets will you sell? (b) Suppose that a policy group claims that private costs do […]
Strategies and government policies and presentation- Microeconomics Competitive Strategies and Government Policies and Presentation Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points. Write 350-438 words per […]
What is the definition of the federal deficit – Microeconomics 1. The U.S. economy is slowly recovering from the 2007-2009 recession and economists are concerned that the economy might take years to fully recover from the “great recession”. If you are the President of the U.S., what actions would you take to help the economy […]
Construct a sequential equilibrium for the bargaining game – Microeconomics Consider the following incomplete information variation on the Ru binstein model. Two players are bargaining over splitting $10.00. They take turns making offers, with discount factor 6 = .999999 applied every time an offer is rejected. Player 1 seeks to maximize her expeeted payoff. There […]
Under what conditions will revenue rise fall or remain same- Microeconomics Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Will this necessarily result in more revenue? Under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? Explain this process, focusing on the relationship between […]
