ECO 365 MART Focus Dreams/eco365mart.com

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ECO 365 MART Focus Dreams/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 competitive firm
sells 10 units of Good X at a price of 2 per
unit. I
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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 productivity
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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.com
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.com
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 fo
r 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?
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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 De
mand Curve worksheet.Submit through the Assignme
nt tab. Answer the following questions Write the d
efinition for each of the following 1. Law of Dem
and2. Law of Supply
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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 markets work
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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  
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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
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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 analysis of
competitors and customers.
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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 tutoria
l 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.   Select a
potential competitive organization and a product
in that organization.  
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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 a
pply important microeconomics concepts toward the 
competitive strategies of an organization that ope
rates in an industry of your choice.  You will eva
luate the differences between market structures an
d identify a group of competitive strategies consi
stent with the market structure that best aligns w
ith the market in  which the organization competes
. You will assess how the market structure positiv
ely and negatively affects the firm and evaluate t
he efficacy of the structure's competitive  strate
gies.Select an industry. Identify an organization 
in that industry. You may use the company 
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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 
important microeconomics concepts toward the compe
titive strategies of an organization that operates
 in an industry of your choice.  You will evaluate
 the differences between market structures and ide
ntify a group of competitive strategies consistent
 with the market structure that best aligns with t
he market in  which the organization competes. You
 will assess how the market structure positively a
nd negatively affects the firm and evaluate the ef
ficacy of the structure's competitive strategies.S
elect an industry. Identify an organization in tha
t industry. You may use the company 
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ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New Syllabus),Starbucks F
OR MORE CLASSES VISIT www.eco365mart.com You will 
apply important microeconomics concepts toward the
 competitive strategies of an organization that op
erates in an industry of your choice. You will eva
luate the  differences between market structures a
nd identify a group of competitive strategies cons
istent with the market structure that best aligns 
with the market in which the organization  compete
s. You will assess how the market structure positi
vely and negatively affects the firm and evaluate 
the efficacy of the structure's competitive strate
gies.  Select an industry. Identify an organizatio
n in that industry. You may use the company you us
ed for the Week 3 Learning Team assignment or you 
may select a new organization.  Your selected orga
nization must be submitted for instructor approval
. dfsdf
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ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New), Apple Company FOR
MORE CLASSES VISIT www.eco365mart.com You will a
pply important microeconomics concepts toward the 
competitive strategies of an organization that ope
rates in an industry of your choice. You will eval
uate  the differences between market structures an
d identify a group of competitive strategies consi
stent with the market structure that best aligns w
ith the market in which  the organization competes
. You will assess how the market structure positiv
ely and negatively affects the firm and evaluate t
he efficacy of the structure's competitive strateg
ies.  Select an industry. Identify an organization
 in that industry.
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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   Read the
instructions in the University of Phoenix
Material Differentiating Between Market
Structureslocated on the student website and
select one option to complete the assignment.
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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 Focus Dreams/eco365mart.com