Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
The market structures influence how price and output decisions are made by the firms in their respective structure. In all market structures, one of the primary goals is to maximize profits or minim
What is a normal profit? What is an economic profit? Explain your answer using examples. Are normal profits being earned in this example? Are economic profits present for this firm in this exa
Suppose the government wishes to regulate mercury emissions of factories in a specific industry by either setting an emissions standard or imposing an emissions fee (per tonof mercury). The governme
In view of the economy's performance over the last several years, explain which of the four (4) components of GDP had, or is having, the greatest positive impact in our economy. Use the following h
Image that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that woul
Veblen's Theory of the Leisure Class involves a two-class model of social stratification: an Industry class and a Leisure class.
Each of the following situations could exist for a firm in the short run. In each case, indicate whether the firm should produce in the short run or shut down in the short run, or whether additional
The article can be about iphone apple supply and demand . the things that need to be in the essay and analyzed are : law of demand, the demand curve, diminshing marginal unity, the income effe
Using the supply and demand diagram of the market for reserves, indicate what happens to the federal funds rate, borrowed reserves, and nonborrowed reserves, holding everything else constant, when
To more fully appreciate the role of the entrepreneur and the application of economic principles, students in Microeconomics will read about Ben & Jerry's Ice Cream.
Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. How the consumer price index (CPI) is constructed
In the first part of the twenty-first century a great recession struck most of the countries in the world. The next decade has been severally impacted with the consequences of this crisis.
Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
One of the few things most economist agree upon is that free trade benefits all. parties that are involved. However, some argue that free trade leads to environmental degradation. Explain why free t
Assume utility function for a person from watching movie (M) and consuming popcorn (C) is as following: U= minimun {2M; C}.
Determine what fiscal policy measure has a more direct impact to the economy. Is it an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous
Suppose Congress (in an attempt to stimulate the economy in both the short and long run) passes an investment-tax credit designed to increase domestic investment.
In times of a struggling economic situation, determine the key steps that the Federal Reserve should take to help stabilize the economy. Next, explain how your proposed steps will affect money suppl
Today's economy is experiencing a merging of media firms. For example, companies like Verizon now provide phone, cell, TV and internet. A common form of selling by these giant media firms involves
Demand for your product — what and how to measure target market. Your customer demographics. Tastes or preferences of customer demographic — are you filling a gap or
Calculate the price elasticity of demand if the price changes from $100 to $40 . Quantity of demand is from 10 to 56.
Discuss how the changes in the macro environment affect individual firms and industries through the microeconomic factors of demand, production, cost, and profitability.
For this project you need to analyze and compare the main economic indicators for 2 countries. The main indicators are listed below and you are to explain what causes each of the indicators to
Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.