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ECO 204 Course Seek Your Dream/newtonhelp.com

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For more course tutorials visit Uophelp is now newtonhelp.com www.newtonhelp.com ECO 204 Week 1 DQ 1 Elasticity of Demand ECO 204 Week 1 DQ 2 Marginal Utility ECO 204 Week 2 DQ 1 Tax Credits and the Labor Market ECO 204 Week 2 DQ 2 Reduction of Costs ECO 204 Week 3 DQ 1 Perfect Competition – PowerPoint PPT presentation

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Title: ECO 204 Course Seek Your Dream/newtonhelp.com


1
ECO 204 Course Seek Your Dream /newtonhelp.com
The Best way to predict the Future is to create
it.....To Best way....
www.newtonhelp.com
2
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Entire Course (Ash Course) For more
course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.com ECO 204 Week
1 DQ 1 Elasticity of Demand ECO 204 Week 1 DQ 2
Marginal Utility ECO 204 Week 2 DQ 1 Tax Credits
and the Labor Market ECO 204 Week 2 DQ 2
Reduction of Costs
3
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 1 DQ 1 Elasticity of Demand (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com
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. However, when the commissioner granted
the 10 percent increase, revenues increased by
only about 5 percent. What can you infer about
the elasticity of demand for taxicab rides?
4
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 1 DQ 2 Marginal Utility (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com
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 does the law of diminishing
marginal utility set in and what does this
illustrate about where you should stop consuming
if you were eating at an all you can eat buffet?
Respond to at least two of your fellow students
postings
5
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 2 DQ 1 Tax Credits and the Labor
Market (Ash Course) For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com 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.
Critics have argued that if there are strong
factor substitution effects, these subsidies
could reduce employment in the state. Explain
their argument. How does this affect the labor
market? Respond to at least two of your fellow
students postings
6
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 2 DQ 2 Reduction of Costs (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com
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. If the only factor of production
that a company varies in the short run is the
number of hours worked by people on its payroll,
would shifting from paychecks to payroll cards
reduce the firms total fixed costs or its total
variable costs? Explain your answer and respond
to at least two of your fellow students postings.
7
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 3 Assignment Manufacturing Industry
Evaluation (Ash Course) For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com 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. You will also discuss the merits and
disadvantages of oligopolies in light of your
research.
8
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 3 DQ 1 Perfect Competition (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com
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. Why is a
perfect competitive firm associated with
efficiency for both consumers and businesses?
Respond to at least two of your fellow students
postings.
9
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic
Competition (Ash Course) For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.com Oligopoly/Monopolistic
Competition. Which of the following industries
would you classify as an oligopoly? Which would
you classify as monopolistically competitive?
Make sure in your answer to relate it to the
characteristics of the market structures. Explain
your answer. If you are not sure, what
information do you need to know to decide?
Respond to at least two of your fellow students
postings. a. Athletic shoes
10
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 4 DQ 1 Externalities (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com
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. A
number of economists are opposing the repeal of
tolls on the grounds that they serve to
internalize externalities. Explain this argument
and discuss why the government often gets
involved when finding solutions for
externalities. Respond to at least two of your
fellow students postings.
11
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 4 DQ 2 Tax Base (Ash Course) For
more course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.com 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. Would the tax be
proportional, progressive, or regressive? What
assumptions do you make in answering this
question? Do you think the tax that was imposed
either efficient or equitable? Respond to at
least two of your fellow students postings.
12
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 5 DQ 1 Comparative and Absolute
Advantage (Ash Course) For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com 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
be the benefit for your country to trade with any
other country? Respond to at least two of your
fellow students postings
13
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 5 DQ 2 Equity versus Growth (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com Equity
versus Growth. For a developing country to grow,
it needs capital. The major source of capital in
most countries is domestic saving, but the goal
of stimulating domestic saving usually is in
conflict with government policies aimed at
reducing inequality in the distribution of
income. Comment on this trade-off between equity
and growth. How would you go about resolving the
issue if you were the president of a small, poor
country? Respond to at least two of your fellow
students postings.
14
ECO 204 Course Seek Your Dream /newtonhelp.com
ECO 204 Week 5 Final Paper (potato chip industry)
(Ash Course) For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com Focus of the Final Paper Review the
following information pertaining to the potato
chip industry and answer the questions below in a
five to six double spaced page paper (not
including title and reference pages). In 2007,
the potato chip industry in the Northwest was
competitively structured and in long-run
competitive equilibrium firms were earning a
normal rate of return and were competing in a
monopolistically competitive market structure.
15
ECO 204 Course Seek Your Dream /newtonhelp.com
The Best way to predict the Future is to create
it.....To Best way....
www.newtonhelp.com
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