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ASHFORD ECO 204 Week 1 DQ 1 Elasticity of Demand
ASHFORD ECO 204 Entire Course
Elasticity of Demand. Taxicab fares in most
cities are regulated. Several years ago taxicab
drivers in Boston obtained permission to raise
their fares 10 percent, and they anticipated that
revenues would increase by about 10 percent as a
result.
  ECO 204 Week 1 DQ 1 Circular Flow Diagram ECO
204 Week 1 DQ 2 Supply and Demand ECO 204 Week 2
DQ 1 Elasticity ECO 204 Week 2 DQ 2 Externalities
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ASHFORD ECO 204 Week 2 DQ 1 Tax Credits and the
Labor Market
ASHFORD ECO 204 Week 1 DQ 2 Marginal Utility
  Tax Credits and the Labor Market. Many states
provide firms with an investment tax credit
that effectively reduces the price of capital. In
theory, these credits are designed to stimulate
new investment and thus create jobs.
  Marginal Utility. Suppose that you observe that
total utility rises as more of an item is
consumed. What can you say for certain about
marginal utility? Can you say for sure that it is
rising or falling or that it is positive or
negative? When
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ASHFORD ECO 204 Week 3 Assignment Manufacturing
Industry Evaluation
ASHFORD ECO 204 Week 2 DQ 2 Reduction of Costs
  Manufacturing Industry Evaluation. Economists
sometimes use concentration ratios to evaluate
whether industries are oligopolies. In this
assignment, you will make your own determination
using the most recent data available.
Reduction of Costs. In an effort to reduce their
total costs, many companies are now replacing
paychecks with payroll cards, which are
stored-value cards onto which the companies can
download employees wages and salaries
electronically.
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ASHFORD ECO 204 Week 3 DQ 2 Oligopoly
Monopolistic Competition
ASHFORD ECO 204 Week 3 DQ 1 Perfect Competition
Oligopoly/Monopolistic Competition. Which of the
following industries would you classify as an
oligopoly? Which would you classify as
monopolistically competitive?
Perfect Competition. A perfectly competitive
industry is initially in a short-run equilibrium
in which all firms are earning zero economic
profits but are operating below their minimum
efficient scale. Explain the long-run adjustments
that will create equilibrium with firms operating
at their minimum efficient scale.
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ASHFORD ECO 204 Week 4 DQ 2 Tax Base
ASHFORD ECO 204 Week 4 DQ 1 Externalities
  Tax Base. Suppose a special tax was introduced
that used the value of ones automobile as the
tax base. Each person would pay taxes equal to 10
percent of the value of his or her car.
Externalities. It has been proposed that toll
collection on the Massachusetts Turnpike, a key
commuter route into Boston from the west, be
discontinued. Proponents argue that tolls have
long ago paid for the cost of building the road
now they just provide cash for tax bureaucracy.
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ASHFORD ECO 204 Week 5 DQ 2 Equity versus Growth
ASHFORD ECO 204 Week 5 DQ 1 Comparative and
Absolute Advantage
  Tax Base. Suppose a special tax was introduced
that used the value of ones automobile as the
tax base. Each person would pay taxes equal to 10
percent of the value of his or her car.
  Comparative and Absolute Advantage. If you were
President of the US and you were making decisions
on trading, would you rather have a comparative
or absolute advantage in trading? Can you have
both a comparative and absolute advantage in
trading? If so, what if at all would
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