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Examine the key factors that influence the supply and demand of the selected good in general and Katrina's Candies specifically from the e-Activity. Propose two methods in which organizations that
Determine a market with demand function P = 20 - Q. There are 30 potential competing firms with identical cost functions C(q) = q, but to enter the market they each need to pay an entry cost of 2.
Determine the meaning of a four-firm concentration ratio? Interpret what a four-firm concentration ratio of 60 % would mean. Interpret what a score of 90% would mean for the four-firm concentration
Economic Growth, it was the subject of the first systematic work in economic theory, "An Inquiry into the Nature and Causes of the Wealth of Nations," Adam Smith 1776. Pick one country, not the US,
Imagine you are an economic advisor to the Chairman of the Federal Reserve Board, and he asks you whether it is advisable to increase the monetary supply to bolster the economy.
Assume that government spending was increased by 10 units and that this increase was financed by a 10 unit increase in taxes. Would equilibrium income change or remain the same as a result of these
Explain what benefit do economic models provide to decision makers seeking to manipulate economic conditions? In your posts, specifically address the models GDP, GDI, and their major components.&nb
Discuss how a bandwagon effect might speed up the rate at which DVD players are adopted by consumers. Do likewise for the case of cable television subscriptions.
Discuss how the indifference curve and budget line apparatus are used to derive a consumer's demand curve. For a demand curve, certain things are held constant. What are they, and how does this app
Examine what your opportunity costs have been in terms of personal resources that you have given up in order to take this course at Strayer University.
Assume a firm is forming the 1,000 units of output (Q). Its average fixed costs are $50. Its average variable costs are $25. Determine the total cost (TC) of forming the 1,000 units of output (Q)?
Discuss whether or not a consumer who clips coupons and sticks to a tight budget is maximizing her economic utility. Provide at least two reasons for your answer.
Explain what does the article say about the importance of international economics, the principle of comparative advantage, and modern trade theory?
Find out a recent purchase that you made and calculate how scarcity influenced your purchase decision. Give an example how scarcity of a product would have an impact on a macroeconomic and microeconom
Discuss the relationship between the total revenue and price elasticity of demand. What are the impacts of various forms of elasticity (inelastic, elastic, unit elastic, etc.) on business decis
Assuming the same are price elasticity of demand calculated in part B, calculate the future price reduction necessary for B.B. Lean to fully recover lost sales (i.e., regain a volume of 10000 units)
Discuss what steps does the Fed propose to take to reach the target rates for inflation and unemployment? Again, read all about it in the link in the Instructor Insights.
Discuss what does the Federal Reserve say about the current state of the economy? Read about it in the link in the Instructor Insights. Explain what are the two targets on which the Fed focuses its
An end-of-sale price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, discuss what should the promotional price be?
A public opinion survey wished to calculate if support for new tree clearing laws differed between metropolitan (M) and regional (R) areas.
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. Determine the demand elasticity?
2 processes are put in place for the production. Neither will be removed. Process R is designed to form the 10,000 units per year and has a fixed cost of $90,000 per year.
Explain what the airlines which operate in an oligopoly would have to do to justify a higher ticket price. Use price leadership, barriers to entry and exit, strategic interdependence, and the charac
Find out and then explain at least two (2) risks involved when firms attempt to maximize profits. Offer at least two (2) recommendations for mitigating the risks you identified.
Explain some clues that a consumer could identify to know whether a producer has a surplus. Analyze the first theorem of welfare economics and its importance.