ECO 561 Read, Lead, Succeed/uophelpdotcom (1)

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ECO 561 Read, Lead, Succeed/uophelpdotcom

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ECO 561 Entire Course

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•  
• ECO 561 Week 1 Individual Assignment Market
  Equilibrating Process Paper
• ECO 561 Week 1 DQ 1
• ECO 561 Week 1 DQ 2
• ECO 561 Week 1 Knowledge Check (Quiz)
• ECO 561 Week 2 Individual Assignment Market
  Equilibration Process Paper
• ECO 561 Week 2 Learning Team Reflection
• ECO 561 Week 2 Knowledge Check (Quiz)
• ECO 561 Week 2 DQ 1
• ECO 561 Week 2 DQ 2
• ECO 561 Week 3 Learning Team Reflection
• ECO 561 Week 3 DQ 1

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ECO 561 Final Exam Guide

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• 1) In a market economy the distribution of output 
  will be determined primarily by 
• A. a social consensus as to what distribution of i
  ncome is most equitable. B. 
• consumer needs and preferences. C. the quantities 
  and prices of the resources 
• that households supply. D. government regulations 
  that provide a minimum 
• income for all. 
• 2) In a competitive market economy firms will sele
  ct the least-cost production 
• technique because A. "dollar voting" by consumers
   mandates such a choice. B. such 
• choices will result in the full employment of avai
  lable resources. C. to do so will 
• maximize the firms' profits. D. this will prevent 
  new firms from entering the 
• industry. 

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ECO 561 Final Exam Guide(NEW)

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•  
• 1) Suppose that in the clothing market,
  production costs have fallen, but the equilibrium
  price and quantity purchased have both increased.
  Based on this information you can conclude that
• A. the supply of clothing has grown faster than
  the demand for clothing
• B. demand for clothing has grown faster than the
  supply of clothing
• C. the supply of and demand for clothing have
  grown by the same proportion
• D. there is no way to determine what has happened
  to supply and demand with this information
• 2) Camille's Creations and Julia's Jewels both
  sell beads in a competitive market. If at the
  market price of 5, both are running out of beads
  to sell (they can't keep up with the quantity
  demanded at that price), then we would expect
  both Camille's and Julia's to
• A. raise their price and reduce their quantity
  supplied
•   

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ECO 561 Week 1 DQ 1

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• What kinds of changes in underlying conditions
  can cause the supply and demand curves to shift?
  Give examples and explain the direction in which
  the curves shift.

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ECO 561 Week 1 DQ 2

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• What is price elasticity? Give examples of five
  products whose demand is price elastic, and five
  products whose demand is price inelastic and
  elaborate on the choices you make.

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ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper

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• We have another paper on  Market Equilibration
  Process Paper with different course description
  which could be found on this link 
• http//www.uophelp.com/ECO-561/ECO-561-Week-2-Indi
  vidual-Assignment-Market-Equilibration-Process-Pap
  er
• Market Equilibrating Process Paper
• Write a 700- to 1,050-word paper in which you
  relate the concepts in this week's readings to a
  prior real world experience. The experience does
  not necessarily have to be work experience. One
  note these word count figures are meant to be a
  guideline, but feel free to exceed this if you
  find it is necessary to adequately provide
  relevant details and clarify important points.

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ECO 561 Week 1 Knowledge Check (Quiz)

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•  
• 1.      Revenue increases when
• 2.      An increase in the price of an inelastic
  good
• 3.      Price elasticity of demand increases when
• 4.      The purpose of a market in a market
  system is to
• 5.      By specializing in the production of one
  good, a company is able to benefit from economics
  of scale which increases its revenue. Which of
  the following is an attribute of specialization?
• 6.      The market system promotes progress by
• 7.      Productive efficiency is achieved when
• 8.      The market is asid to be in equilibrium
  when
• 9.      The market will move to a higher
  equilibrium price if
• 10.  The intersection of supply and demand will
  be at a lower equilibrium price but a higher
  equilibrium quantity if

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ECO 561 Week 2 DQ 1

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• Cost is a big issue with every company, and
  changing the technology is the biggest cost for
  most companies, how your company was able to cope
  with this problem and maintain the level of
  profit in a very competitive market? 

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ECO 561 Week 2 DQ 2

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• Among the types of costs faced by a firm
  (short-run costs, fixed and variable, as well as
  long-run costs), how can technology help firms to
  lower their costs? What are some specific
  examples of how firms have used technology to
  lower costs?

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ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper

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•  
• We have another paper on Market Equilibration
  Process Paper with different course description
  which could be found on this link
• http//www.uophelp.com/ECO-561/ECO-561-Week-1-Indi
  vidual-Assignment-Market-Equilibrating-Process-Pap
  er
• Equilibration is the process of moving between
  two equilibrium points as a result of some change
  in supply or demand.  Understanding how market
  equilibrium is sought following such a change is
  essential for business managers. It is important
  to understand how economic principles, and
  specifically supply, demand, and their determents
  are a part of your everyday business decisions.

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ECO 561 Week 2 Knowledge Check (Quiz)

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• 1.      Purely competitve firms increase total
  revenue by
• 2.      What are two ways for a competitve firm
  to determine the optimal level of production,
  that is, the level of production that will
  maximize profit or minimize losses?
• 3.      Suppose that a firm determines that its
  marginal revenue is greater than its marginal
  cost, it would be better to
• 4.      It is profitable for a firm to continue
  employing additional resources as long as
• 5.      As additional units are produced, the
  marginal revenue product falls for all firms
  because marginal product decreases. For firms
  operating in industries that are not perfectly
  competitve, marginal revenue product also falls
  because
• 6.      All things being equal, an increase in
  demand for a product,

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ECO 561 Week 2 Learning Team Reflection

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• "ECO 561 Week 2 Learning Team Deliverable
• The learning objectives of week 2 were to
  identify production level to maximize profits,
  explain how to balance fixed and variable costs,
  and to apply economic cost concepts in making
  business decisions.  

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ECO 561 Week 2 Team Assignment Learning Team
Project Product Pricing Component (Apple)

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• Learning Team Assignment Learning Team Project
  Product Pricing Component
• Select an organization with which you are
  familiar or in which you are interested that
  provides a private good or service. You will want
  to focus on the same firm or organization as you
  work on each Learning Team Project assignment in
  this class as you build the final paper due Week
  6.Examples of good firms to use as a subject
  include Southwest Airlines (a very successful
  airline), Ford (they have not declared
  bankruptcy), Pulte (a successful homebuilder with
  a historical track record), Whirlpool (their
  performance is very dependent on the economy),
  Caterpillar, Microsoft, Apple Computer, etc.
• Describe the utility of that good or service to
  the immediate consumer (which may or may not be
  another organization) and the consumer needs that
  the product or service meets.

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ECO 561 Week 3 DQ 1

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• Do you think that competition can be counted on
  to discipline the industrial business firms of a
  modern economy? Explain. 

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ECO 561 Week 3 DQ 2

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• In your industry, would you support regulation or
  deregulation and why or why not?

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ECO 561 Week 3 Knowledge Check (Quiz)

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•  
• 1.      A purely- or perfectly-competitive firm
  would be characterized by which of the following?
• 2.      For a purely-competitive firm, price must
  be
• 3.      What will excessive or economic profits
  induce for a firm in any industry structure?
• 4.      A pure-monopoly firms demand curve is
  also the market demand curve. This kind of firm
  may successfully engage in price discrimination
  to increase its total profit if it
• 5.      Oligopolies are characterized by a small
  number of firms where the top three firms hold
  the majority of the market. If in an oligopoly
  market, firm A ia almost twice as big as firm B
  and firm C then
• 6.      In a monopolistic competiton industry, if
  one firm appreciably increased its price from the
  existing equilibrium price, which of the
  following outcomes would most likely ensue

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ECO 561 Week 3 Learning Team Reflection

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• ECO 561 Week 3 Learning Team Reflection/Deliverabl
  e
• The learning objectives of week 3 were to
  determine pricing strategy to meet organizational
  goals, determine ways to create non price
  barriers to entry based on market structure,
  determine ways to increase product
  differentiation based on market structure, and to
  determine ways to reduce costs for an
  organization.

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ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple)

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• Learning Team Assignment Market Structures
  Simulation
• Write a 1,050- to 1,400- word paper where you
  explain the following in the context of the
  simulation. One note these word count figures
  are meant to be a guideline, but feel free to
  exceed this if you find it is necessary to
  adequately provide relevant details and clarify
  important points.
• Create a solution using strategic variables
  available to you to sustain the economic profits
  the firm can earn.
• What are some of the pricing strategies that you
  would recommend?
• What are some of the non-pricing strategies that
  you would recommend?
• What kind of innovations would you propose to
  sustain the organization's uniqueness?

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ECO 561 Week 4 DQ 1

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• How does the Federal Reserve's monetary policy
  affect your industry's, or company's growth? 
•  

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ECO 561 Week 4 DQ 2

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•  
• How would you evaluate monetary policy today?  Is
  monetary policy contradictory with fiscal policy?
  Why or Why not?  Support your analysis with
  examples.

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ECO 561 Week 4 Knowledge Check (Quiz)

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•  
• 1.      Business cycles occur when output
• 2.      Which of these statements best describes
  a complete individual buisness cycle?
• 3.      During the buisness cycle, the period
  between the point at which output reaches a high
  and the point at which it reaches a low is called
• 4.      Which of the following equals the market
  value of all final goods and services produced in
  an economy, stated in the prices of a specific
  base year?
• 5.      Imagine a country has a population of 210
  million. Within the country there are 95 million
  people who are employed workers. 50 million
  people incapable of working, and 60 million
  people capable of working, but not actively
  looking. Based on this information, what is the
  unemployment rate?
• 6.      The unemployment produced by fluctuations
  in economy activity is called

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ECO 561 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple)

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• 1. Learning Team Assignment Learning Team
  Project Macroeconomic Forecast Outline Prepare a
  brief outline of the Week 5 Learning Team Project
  Macroeconomic Forecast Component in which you
  answer the following questions
• 1. What are the economic indicators for which you
  will be providing forecasts?
• 2. It is important to evaluate the historical
  relationship between variables in order to
  explain how one indicator or variable may impact
  another. With this in mind, what sources will you
  use to obtain historical data for the economic
  indicators that you have selected?
• 3. What sources will you use to obtain forecasts
  related to your selected economic indicators?
• 4. Why do you think that professional forecasters
  rely so heavily on past data and trends?

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ECO 561 Week 5 DQ 1

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•  
• How does the Federal Reserve's monetary policy
  affect your industry's, or company's growth? 
•  

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ECO 561 Week 5 DQ 2

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•  
• How would you evaluate monetary policy today?  Is
  monetary policy contradictory with fiscal policy?
  Why or Why not?  Support your analysis with
  examples.

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ECO 561 Week 5 Knowledge Check (quiz)

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•  
• 1.      The Classical Theory of Asset Prices
  assumes which of the following ideas?
• 2.      Economists use two principle interest
  rates normal and real. The purpose of this
  distinction is to
• 3.      During periods of incresing inflationary
  pressure, the Federal Reserve should
• 4.      What is the increased morak hazard
  associated wuth the too big to fall (TBTF)
  ballouts of the largest of financial
  institutions?
• 5.      The Federal Reserves primary tool for
  managing the money flow is
• 6.       Which of the following is a major
  drawback of a flexible exchange rate?
• 7.      The major advantage to a flexible
  exchange-rate policy is

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ECO 561 Week 5 Learning Team Project
Macroeconomic Forecast Component (Apple)

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• Learning Team Assignment Learning Team Project
  Macroeconomic Forecast Component
• Include the following in this paper
• Identify a list of five economic indicators which
  will be the subject of this paper. In addition to
  real GDP, the unemployment rate, and the
  inflation rate, focus on at least two of the
  following
• A key interest rate (I suggest the 10-year
  Treasury rate)
• Housing starts
• Oil prices
• Auto sales

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ECO 561 Week 6 DQ 1

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• How much has the growth in international trade
  impacted your company, or industry? Has the
  devaluation of the U.S. dollar impacted your
  company, or industry? Explain

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ECO 561 Week 6 Knowledge Check (Quiz)

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•  
• 1.      If the demand is QD 100 10P and there
  is a 1 price increase, then the elasticity of
  demand at p 2 is
• 2.      If the absolute value of a demand
  elasticity is less than 1, then
• 3.      If the cross-price elasticity is
  negative, then the two goods are
• 4.      Under perfect competition, a firm
  maximizes its profit by setting
• 5.      In a large city, a good, real-world
  example for perfect competition would be
• 6.      A firm under monopolistic competition
  will earn
•  
•  
•  

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ECO 561 Week 6 Team Assignment (Final), (Apple)

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• Learning Team Assignment
• Complete the Learning Team Project that contains
  the following elements
• Present the viability of the selected good or
  service, considering the demand cost, market
  conditions, and economic conditions.
• Product Pricing Component (Completed in Week Two)
• Select an organization with which you are
  familiar or in which you are interested that
  provides a private good or service. Describe the
  utility of that good or service to the immediate
  consumer (which may or may not be another
  organization) and the consumer needs that the
  product or service meets. Discuss the number and
  closeness of substitute and/or complementary
  products and their impact on the pricing
  decision. Explain why the demand for the product
  or service is price elastic or price inelastic.
   Describe the issues that affect consumer demand
  and the price.

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ECO 561 Read, Lead, Succeed/uophelpdotcom

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