ECO 365 MART Education Begins/eco365mart.com

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ECO 365 MART Education Begins/eco365mart.com

• FOR MORE CLASSES VISIT
• www.eco365mart.com

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ECO 365 Final Exam Guide (New, 2017) FOR MORE
CLASSES VISIT www.eco365mart.com 1 During the
winter break, Sam decides to go for a skiing
vacation in Aspen instead of taking piano
lessons. The opportunity cost of the skiing
vacation is the cost of accommodation and food
in Aspen. value of piano lessons. cost of buying
a piano. amount paid to the skiing instructor. 2
Which of the following is an example of a
negative externality? Smith reducing the
consumption of imported wine following an
increase in the price of imported wine Phoebe
refusing to contribute to the building of a
childrens park in her neighborhood Christina
accepting a payment in cash rather than in check
for her laundry services Tom playing music loudly
in his room, disturbing his roommate who has an
exam the next day 3.A perfectly
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ECO 365 Final Exam Guide (New, Dec 2015) FOR
MORE CLASSES VISIT www.eco365mart.com 1). The
DeBeers company is a profit-maximizing monopolist
that exercises monopoly power in the distribution
of diamonds. If the company earns positive
economic profits this year, the price of diamonds
will Exceed the marginal cost of diamonds but
equal to the average total cost of diamonds.
Exceed both the marginal cost and the average
total cost of diamonds. Be equal to the
marginal cost of diamonds. Be equal to the
average total cost of diamonds. 2). Using 100
workers and 10 machines, a firm can produce
10,000 units of output using 250 workers and 25
machines, the firm produces 21,000 units of
output. These facts are best explained by
Economies of scope Diseconomies of scale
Diminishing marginal
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ECO 365 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.eco365mart.com 1. Because you can
only obtain more of one good by giving up some of
another good, the shape of a production
possibility curve is _______________. 2. Refer to
the table shown. The average product when eight
workers are employed is _____6____ 3. A resource
is said to have a comparative advantage if 4 
Refer to the graph shown. Initially, the market
is in equilibrium with price equal to 3 and
quantity equal to 100. Government imposes a tax
on suppliers of 1 per unit. The effect of the
tax is to
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ECO 365 Week 1 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.com What is
economics? What role does economics play in your
personal and organizational decisions? Provide an
example of the role of economics in decision
making.
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ECO 365 Week 1 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.com Identify a
recent purchase in which the price of the product
was an important consideration in the
decision-making process related to purchasing the
product. What other factors affected your
decision? How important was your income as a
factor? How important was the price of other
goods as a factor?
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ECO 365 Week 1 Individual Assignment Article
Analysis FOR MORE CLASSES VISIT www.eco365mart.co
m ECO 365 Week 1 Individual Assignment Article
Analysis
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ECO 365 Week 1 Individual Assignment Economic
Analysis FOR MORE CLASSES VISIT www.eco365mart.co
m Prepare a 1,000-1,500 word paper in which you e
xplain what the difference is between a movement a
long and shift of the demand curve. Show the impac
t on the equilibrium price and quantity that resul
ts from  (1) an increase in demand, (2) an increa
se in supply, (3) an increase in both supply and d
emand.  Give an example of the role of supply and 
demand in decision making.  Post in assignments li
nk.    
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ECO 365 Week 1 Individual Assignment Economic
Definitions Worksheet FOR MORE CLASSES
VISIT www.eco365mart.com Write the definition for
 each of the following 1. Law of Demand 2.
Law of Supply 3. Price Elasticity of Demand 4.
Macroeconomics 5. Microeconomics Identify 2 produc
ts whose demand is price inelastic. Which of the f
ollowing graphs best demonstrates the law of deman
d? Which of the following graphs best demonstrates
 the law of supply?
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ECO 365 Week 1 Individual Assignment Supply and
Demand Curve Worksheet (2 Sets) FOR MORE CLASSES
VISIT www.eco365mart.com This Tutorial contains 2
 sets of Worksheet  Complete the Supply and Demand
 Curve worksheet.Submit through the Assignment t
ab. Answer the following questions Write the defin
ition for each of the following 1. Law of Demand
2. Law of Supply Which of the following graphs bes
t demonstrates the law of demand? a) I
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ECO 365 Week 1 Ten Principles of Economics and
How Markets Work (2 Papers) FOR MORE CLASSES
VISIT www.eco365mart.com   ?This Tutorial
contains 2 Papers As part of a marketing research
committee for your organization, you have been
assigned the task of preparing a 700-word
research paper about current microeconomic
thought and theory. Use Principles of
Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the
source for all your information. Identify the
fundamental lessons the Ten Principles of
Economics teach about ?How people make
decisions ?How people interact ?How the economy
as a whole works Explain the following to help
the committee members understand how
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ECO 365 Week 2 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.com What is the
law of diminishing marginal productivity? How
does the law of diminishing marginal productivity
affect the cost of productions? Provide an
example from your workplace.
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ECO 365 Week 2 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.com Why is the
demand of labor a derived demand? What is the
relationship between productivity and the wages
earned by employees where you work or at an
organization with which you are familiar? What
are some factors that determine the level of your
income? Explain your answer.  
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ECO 365 week 2 Individual Assignment Supply and
Demand Simulation (Microeconomics and the Laws of
Supply and Demand ) (3 Papers) FOR MORE CLASSES
VISIT www.eco365mart.com This Tutorial contains 3
 different Papers  Complete the Supply and Demand
Simulation located on the student
website. Write 700 - 1,050-word paper of no more
than summarizing the content. Address the
following   Identify two microeconomics and two
macroeconomics principles or concepts from the
simulation. Explain why you have categorized
these principles or concepts as macroeconomic or
microeconomic.
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ECO 365 Week 2 Learning Team Reflection
Production and Cost Analysis FOR MORE CLASSES
VISIT www.eco365mart.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your
field.   Prepare a 350- to 1,050- word paper
detailing the findings of your discussion.
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ECO 365 Week 2 Team Assignment Elasticity Paper
(Substitute or Compliment) FOR MORE CLASSES
VISIT www.eco365mart.com Reflect on why some pro
ducts become substitutes and why some are complime
nts (e.g. hot dogs and hot dog buns).  Prepare a 3
50- to 1,050- word paper detailing the findings of
 your discussion.
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ECO 365 Week 2 Team Assignment Markets and the
Economics of the Public Sector (2 Papers) FOR
MORE CLASSES VISIT www.eco365mart.com ?This
Tutorial contains 2 Papers ECO 365 Week 2 Markets
and the Economics of the Public Sector You have
been assigned to a team that has the
responsibility of preparing a paper consisting of
1,750 words for the governors next economic
conference. Your paper should address the
following ?Explain why equilibrium of supply
and demand is desirable. ?Explain the following
concepts using the concept of consumer and
producer surplus ?Efficiency of markets ?Costs
of taxation ?Benefits of international trade
?Discuss how externalities may
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ECO 365 Week 2 Team Assignment Product
Substitution Versus Product Compliment FOR MORE
CLASSES VISIT www.eco365mart.com ECO 365 Week 2 
Team Assignment Substitute vs Compliment
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ECO 365 Week 3 Current Market Conditions
Competitive Analysis FOR MORE CLASSES
VISIT www.eco365mart.com ?ECO 365 Week 3 Current
Market Conditions Competitive Analysis You have
been given the responsibility of working with
your organizations CEO to do a competitive
market analysis of the potential success of one
of their existing products. Select your
organization and a product produced by that
organization from IndustryWeek. Write a
2,100-word analysis of the current market
conditions facing your product, making sure that
you address the following topics ?Define the
type of market in which your selected product
will compete, along with an
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ECO 365 Week 3 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.com What
conditions exist when economic profits are
maximized? What is the difference between
economic and accounting profits? What are
economic profit-maximizing strategies that may be
made by a perfectly competitive firm, a
monopolist firm, and a monopolistic competitive
firm? Provide examples and explain the
strategies effectiveness in their respective
market structures.
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ECO 365 Week 3 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.com What are some
real-life examples of monopolistically
competitive, oligopoly, and monopoly markets? How
do market prices differ between perfectly and
imperfectly competitive markets? Will a monopoly
always produce at a profit-maximizing output
level? Explain your answer.
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ECO 365 Week 3 Learning Team Reflection Summary
Market Structure FOR MORE CLASSES
VISIT www.eco365mart.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your
field.   Prepare a 350- to 1,050- word paper
detailing the findings of your discussion.
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ECO 365 week 3 Team Assignment Current Market
Conditions Competitive Analysis (3 Papers) FOR
MORE CLASSES VISIT www.eco365mart.com This tutori
al contains 3 sets of paper     Imagine you are
part of a strategic planning group at a large
corporation that is considering developing a new
proposed product. The marketing director has
asked your team to do a competitive market
analysis to determine the products potential
success. The analysis will focus on your primary
competitor in the products market.  
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ECO 365 Week 4 Differentiating Between Market
Structures Paper (New Syllabus),Starbucks FOR
MORE CLASSES VISIT www.eco365mart.com You will app
ly important microeconomics concepts toward the co
mpetitive strategies of an organization that opera
tes in an industry of your choice.  You will evalu
ate the differences between market structures and 
identify a group of competitive strategies consist
ent with the market structure that best aligns wit
h the market in  which the organization competes. 
You will assess how the market structure positivel
y and negatively affects the firm and evaluate the
 efficacy of the structure's competitive  strategi
es.Select an industry. Identify an organization in
 that industry. You may use the company you used f
or the Week 3 Learning Team assignment or you may 
select a new 
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ECO 365 Week 4 Differentiating Between Market
Structures Presentation (Mayo Clinic) FOR MORE
CLASSES VISIT www.eco365mart.com You will apply im
portant microeconomics concepts toward the competi
tive strategies of an organization that operates i
n an industry of your choice.  You will evaluate t
he differences between market structures and ident
ify a group of competitive strategies consistent w
ith the market structure that best aligns with the
 market in  which the organization competes. You w
ill assess how the market structure positively and
 negatively affects the firm and evaluate the effi
cacy of the structure's competitive strategies.Sel
ect an industry. Identify an organization in that 
industry. You may use the company you used for the
 Week 3 Learning Team assignment or 
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ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New Syllabus),Starbucks
FOR MORE CLASSES VISIT www.eco365mart.com You wil
l apply important microeconomics concepts toward t
he competitive strategies of an organization that 
operates in an industry of your choice. You will e
valuate the  differences between market structures
 and identify a group of competitive strategies co
nsistent with the market structure that best align
s with the market in which the organization  compe
tes. You will assess how the market structure posi
tively and negatively affects the firm and evaluat
e the efficacy of the structure's competitive stra
tegies.
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ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New), Apple Company
FOR MORE CLASSES VISIT www.eco365mart.com You wi
ll apply important microeconomics concepts toward 
the competitive strategies of an organization that
 operates in an industry of your choice. You will 
evaluate  the differences between market structure
s and identify a group of competitive strategies c
onsistent with the market structure that best alig
ns with the market in which  the organization comp
etes. You will assess how the market structure pos
itively and negatively affects the firm and evalua
te the efficacy of the structure's competitive str
ategies.
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ECO 365 Week 4 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.com What is an
externality? Provide at least three examples. How
does one of the examples you provided affect the
market outcome? What is the role of government in
addressing the implications of an externality you
provided as an example? Is it possible that a
governments solution to a market failure would
worsen the failure? Explain your answer.
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ECO 365 Week 4 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.com What effect do
government intervention, taxation, and
regulations have on economic behavior?
Explain.What are real-world examples of
government intervention, taxation, and
regulations? What are the goals of each?
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ECO 365 Week 4 Individual Assignment
Differentiating Between Market Structures Table
FOR MORE CLASSES VISIT www.eco365mart.com For
this assignment, you will choose from the
following options   Option 1 Differentiating
Between Market Structures in Kudler Option 2
Differentiating Between Market Structures in an
Organization of Your Choice
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ECO 365 Week 4 Learning Team Reflection Public
Policy in Economics FOR MORE CLASSES
VISIT www.eco365mart.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your
field.   Prepare a 350- to 1,050- word paper
detailing the findings of your discussion.    
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ECO 365 MART Education Begins/eco365mart.com

• FOR MORE CLASSES VISIT
• www.eco365mart.com