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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. – PowerPoint PPT presentation

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Title: eco 561 mart Focus Dreams/eco561martdotcom


1
eco 561 mart Focus Dreams/eco561martdotcom
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  • FOR MORE CLASSES VISIT
  • www.eco561mart.com

2
ECO 561 Final Exam Guide (New)   FOR MORE
CLASSES VISIT www.eco561mart.com   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.
3
ECO 561 Final Exam Guide (UOP)   FOR MORE
CLASSES VISIT www.eco561mart.com   http//www.snap
tutorial.com/ECO-561/ECO-561-Final-Exam-Guide 1)
In a market economy the distribution of output
will be determined primarily by A. a social
consensus as to what distribution of income 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 select 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 available resources.
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ECO 561 Week 1 DQ 1 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   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. 
5
ECO 561 Week 1 DQ 2 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   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 Economic Choice Economic
Decision Making (2 Papers)   FOR MORE CLASSES
VISIT www.eco561mart.com   THIS TUTORIAL CONTAINS
2 PAPERS Consider your last vehicle purchase and
the decision making process you engaged in while
deciding what vehicle to purchase or if a new
vehicle was the right decision. While analyzing
your decision, keep in mind that everything from
the interest rates to the price of gasoline is
driven by the economy in one way or another.
Develop a 1,400-word analysis of your
decision-making process.
7
ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper   FOR MORE CLASSES
VISIT www.eco561mart.com   http//www.eco561mart.c
om/ECO-561-Week-2-Individual-Assignment-Market-Equ
ilibration-Process-Paper   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.
8
ECO 561 Week 1 Knowledge Check (Quiz)   FOR MORE
CLASSES VISIT www.eco561mart.com   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.
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ECO 561 Week 2 DQ 1 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   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 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   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?
11
ECO 561 Week 2 Government Interventions vs.
Market Based Solutions (2 PPT)   FOR MORE
CLASSES VISIT www.eco561mart.com   THIS TUTORIAL
CONTAINS 2 PPT ECO 561 WEEK 2 GOVERNMENT
INTERVENTIONS VS. MARKET BASED SOLUTIONS The
theory of market economies emphasizes freedom of
choice and limited government intervention. The
classic argument for government intervention is
market failure - the inability of the market
economy to correct itself from a dysfunctional
state (such as the Great Depression). Examine one
case of significant government intervention as it
relates to your current industry of employment.
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ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper   FOR MORE CLASSES
VISIT www.eco561mart.com   http//www.eco561mart.c
om/ECO-561-Week-1-Individual-Assignment-Market-Equ
ilibrating-Process-Paper 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.
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ECO 561 Week 2 Knowledge Check (Quiz)   FOR MORE
CLASSES VISIT www.eco561mart.com   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.
14
ECO 561 Week 2 Learning Team Reflection   FOR
MORE CLASSES VISIT www.eco561mart.com   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)   FOR
MORE CLASSES VISIT www.eco561mart.com   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.
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ECO 561 Week 3 DQ 1 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   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 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   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)   FOR MORE
CLASSES VISIT www.eco561mart.com   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 .
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ECO 561 Week 3 Learning Team Reflection   FOR
MORE CLASSES VISIT www.eco561mart.com   ECO 561
Week 3 Learning Team Reflection/Deliverable 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 Market Structure And Pricing
Power   FOR MORE CLASSES VISIT www.eco561mart.com
ECO 561 WEEK 3 MARKET STRUCTURE AND PRICING
POWER Select a new, realistic good or service for
an existing industry, preferably an industry you
current work in or one in which you are
interested in working. Develop a 1,400-word
evaluation of pricing strategies available
producers of your selected product. This will
include statements about the market structure and
the elasticity of demand for the product, based
on text book principles and real world products
under development.
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ECO 561 Week 3 Team Assignment Market Structures
Simulation (Apple)   FOR MORE CLASSES
VISIT www.eco561mart.com   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.
22
ECO 561 Week 4 DQ 1 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   How does the Federal
Reserve's monetary policy affect your industry's,
or company's growth?
23
ECO 561 Week 4 DQ 2 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   How would you evaluate
monetary policy today?  Is monetary policy
contradictory with fiscal policy? Why or Why
not?  Support your analysis with examples.
24
ECO 561 Week 4 Knowledge Check (Quiz)   FOR MORE
CLASSES VISIT www.eco561mart.com   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 .
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ECO 561 Week 4 Learning Team Project
Macroeconomic Forecast Outline (Apple)   FOR MORE
CLASSES VISIT www.eco561mart.com   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.
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ECO 561 Week 4 Team Assignment Business Cycles,
Economic Shocks, And Restoring Equilibrium   FOR
MORE CLASSES VISIT www.eco561mart.com   ECO 561
WEEK 4 TEAM ASSIGNMENT BUSINESS CYCLES, ECONOMIC
SHOCKS, AND RESTORING EQUILIBRIUM As a manager,
it is important to understand how the business
cycle affects supply and demand, prices, and how
economic shocks will impact your company's
markets, supply chain, and financing. The recent
collapse of the housing market, the near failure
of our financial system, the wild swings in
commodity and stock prices, and the deep
recession of 2007-2009 provide a virtual
laboratory .
27
ECO 561 Week 5 DQ 1 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   How does the Federal
Reserve's monetary policy affect your industry's,
or company's growth?
28
ECO 561 Week 5 DQ 2 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   How would you evaluate
monetary policy today?  Is monetary policy
contradictory with fiscal policy? Why or Why
not?  Support your analysis with examples.
29
ECO 561 Week 5 Knowledge Check (quiz)   FOR MORE
CLASSES VISIT www.eco561mart.com   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.
30
ECO 561 Week 5 Learning Team Project
Macroeconomic Forecast Component (Apple)   FOR
MORE CLASSES VISIT www.eco561mart.com   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).
31
ECO 561 Week 5 Team Assignment Comparative And
Absolute Advantage   FOR MORE CLASSES
VISIT www.eco561mart.com   ECO 561 WEEK 5 TEAM
ASSIGNMENT COMPARATIVE AND ABSOLUTE ADVANTAGE
Develop a 1,750-word analysis of the
international economy in which you do the
following Analyze measures of economic growth,
and comparative and absolute advantage in
international trade for the following countries
USA China Saudi Arabia Democratic Republic of
Congo Research each country, using such resources
as the CIA World Fact Book, World Bank data, and
World Trade Organization. Research its economic,
political, and cultural development.
32
ECO 561 Week 6 Challenges Of Expansion To A
Foreign Location (2 Papers)   FOR MORE CLASSES
VISIT www.eco561mart.com   THIS TUTORIAL CONTAINS
2 PAPERS ECO 561 WEEK 6 CHALLENGES OF EXPANSION
TO A FOREIGN LOCATION Revise your Week 3 economic
analysis using the feedback provided by your
facilitator to evaluate the challenges of
expanding your company's production to a foreign
market. This will require you to revise
previously recommended pricing and non-pricing
strategies for your company's product based on
the selected country's economy's stage in the
business cycle and the projected economic
conditions.
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ECO 561 Week 6 DQ 1 (UOP)   FOR MORE CLASSES
VISIT www.eco561mart.com   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. 
34
ECO 561 Week 6 Knowledge Check (Quiz)   FOR MORE
CLASSES VISIT www.eco561mart.com   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.
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ECO 561 Week 6 Team Assignment (Final),
(Apple)   FOR MORE CLASSES VISIT www.eco561mart.co
m   Learning Team Assignment International
Paper         Resources The data compiled from
the University of Phoenix Material Big Drive
Auto in Week Four (or the material from your own
organization in which you faculty member has
approved)          Write a 700- to 1,050- word
paper addressing the following issues in the
context of the scenario o        Identify and
justify the macroeconomic measures of output and
prices .
36
eco 561 mart Focus Dreams/eco561martdotcom
  • FOR MORE CLASSES VISIT
  • www.eco561mart.com
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