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Explain four basic types of trade barriers. Who gains and who loses from protective tariff? Describe. Describe the tools that used to pursue expansionary and contractionary fiscal policy.
Determine Sian's market equilibrium number of years of education. Compute the marginal social benefit schedule.
The baseball ticket market to stop runaway price increases. Would you say the view basically supports keynesian or monetarist school of thought?
Recognize the three most significant expenditure programs of federal government. Describe how they vary from three most significant expenditure programs of state and local governments?
Describe how firm in a competitive market identifies profit-maximizing level of production. When must firm raise production, and when must firm lower production?
Write and explain characteristics of perfectly competitive market. Why would the firm in perfectly competitive market always choose to set its price equal to current market price?
Find opportunity costs? How do explicit and implicit costs associate to opportunity costs? If average total cost curve is falling, what is necessarily true of marginal cost curve?
Suppose that the business is visible and important member of the community. Would government encourage decision to expand?
Recognize the ritual or custom from own religious or other personal community, and describe its importance in passing on group's core values to next generation.
Write 1,400 - 1,750-word paper of no more than in which you explain how each of the following are or potentially will affect the industry or one with which you are familiar.
Find the "current macroeconomic situation" in U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)?
Explain moral and ethical issues faced by managers dealing with the selected topic. Include how issue affects other individuals.
What does Federal Reserve take into account when establishing general and specific rates of interest? Explain recent tools Federal Reserve has used to influence U.S. economy.
What market structure best characterizes market in which University of Phoenix competes? How does structure influence university's pricing strategy?
Recognize the organization not previously selected and recommend methods to decrease costs. What effects do technologies have on costs?
How does the analysis of value of marginal product (VMP) change if employer is monopolist producer of its output but price-taker in labor market?
Graph the museum's average total cost curve and its marginal-cost curve. What type of market would explain museum?
Using concept of income elasticity, explain the impact the economic downturn on market for a particular product.
What would you suggest as course of action, if any? For industry you have selected, explain how price is likely to move from present into future.
Find product which has not already been selected and explain price elasticity and income elasticity. How much control might the organization have over pricing based on product's elasticity?
How many major wireless phone handset manufacturers are present? Find the market structure? What pricing strategies do wireless phone handset manufacturers use?
Develop the sales pitch of the specific recommendations for good or service. Suppose that you have 5-10 minutes to present sales pitch.
Describe the effect of the policy on both suppliers and consumers of good or service. Who benefits most from restriction and why?
Explain the scenario for production and consumption of product that involves all three sectors of an economy.