ECO 365 Squared Instruction Uophelp
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ECO 365 Week 1 Discussion Question 1
ECO 365 Week 1 Discussion Question 2
ECO 365 Week 2 Discussion Question 1
ECO 365 Week 2 Discussion Question 2
ECO 365 Week 2 Individual Assignment Supply and Demand Simulation
ECO 365 Week 2 Learning Team Reflection Production and Cost Analysis
ECO 365 Week 3 Discussion Question 1
ECO 365 Week 3 Discussion Question 2
ECO 365 Week 3 Team Assignment Current Market Conditions Competitive Analysis
ECO 365 Week 3 Learning Team Reflection Summary Market Structure
ECO 365 Week 4 Discussion Question 1
ECO 365 Week 4 Discussion Question 2
ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures Table
ECO 365 Week 4 Learning Team Reflection Public Policy in Economics
ECO 365 Week 5 Team Assignment Competitive Strategies and Government Policies
ECO 365 Week 5 Learning Team ReflectionGlobal Competition
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ECO 365 Final Exam Guide (New)
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1Because 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
5Refer to the table shown. Diminishing marginal productivity begins when the
6 Refer to the graph shown. If this monopolistically competitive firm maximizes profit, it will
7 The price of a ticket to a rock concert is set at $35. All the tickets for the concert sell out 1 hour after they go on sale and there are still 1,000 fans who want to buy tickets. It follows that
8 Which of the following statements is true?
9 State what type of business combination is occurring in the following scenario: Samsung and Sony become partners in a flat screen manufacturing company.
10 Suppose a firm finds that an additional dollar spent on labor increases output more than does an additional dollar spent on machines. Under these conditions, the firm
11 Economists and laypeople see the pros and cons of international trade in different ways. Which of the following is one of those ways?
12 The morel is a prized mushroom that is often abundant in the Western United States in years after forest fires. Suppose two companies are buying morels from workers willing to find them. One company offers to pay workers $5.00 per pound, and the other company will pay workers only $4.00 per pound. Economists would say that
13 Which of the following is the best example of a macroeconomic externality?
14 If MR < MC, a monopolist should:
15 Opponents of government intervention in the economy argue that externalities
may not be effectively corrected by the government.
16 State what type of business combination is occurring in the following scenario: IBP meat processing firm buys American Cattle, a very large cattle ranch.
17 Refer to the graph shown. At which point is elasticity zero?
18 A Wall Street Journal headline reads: “Cigar Shortage Draws New Brands into Market.” The shortage resulted from a renewed interest in smoking cigars. What best describes the facts behind the headline?
19. Refer to the graph shown. If hamburger dinners are produced by a perfectly competitive industry with a market demand D:
20 State what type of business combination is occurring in the following scenario: Golf Smith, a golf supply retailer buys its competitor, Vango golf.
21 According to the text, Microeconomics, Colander (2013), economics is the study of how
22 Oligopoly is characterized by
23 When Ross Perot ran for president as a third party candidate in 1992, he argued that free trade with Mexico would result in massive job losses in the United States because Mexican wages were so low. Which of the following is the best explanation for why few economists agreed with Perot?
24 Refer to the graph shown. The figure shows the demand and supply curves for eggs and shows two equilibrium points, E1 and E2. An increase in demand from D1 to D2 would cause
25 Germany restricts the use of nonrefillable bottles and cans. The European Union argues that the rules aren’t just protecting the environment; they also are protecting German beverage makers from competition. The EU sees Germany’s environmentalism as _____________________.
26 Oligopoly is probably the best market for technological change because
27 George Davis and Michael Wohlgenant estimate that for every 1 percent increase in the price of Christmas trees, quantity demanded falls by 0.6 percent. The demand for Christmas trees is __________________.
28 State what type of business combination is occurring in the following scenario: A tobacco producer buys a carbonated beverage plant.
29 Suppose the minimum possible price of constructing homes is $50 per square foot. As a result of a sharp drop in the demand for home construction, the equilibrium price of home construction falls to $40 per square foot. Assuming the home construction industry is perfectly competitive and there are no specialized inputs, firms will
30 Refer to the table shown. At what level of employment is the marginal product of labor seven?
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ECO 365 Final Exam Guide
1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in
2) A basic difference between microeconomics and macroeconomics is that microeconomics
3) The distinction between supply and the quantity supplied is best made by saying that
4) After several years of slow economic growth, world demand for petroleum began to rise rapidly in the 1990s. Much of the increase in demand was
met by additional supplies from sources outside the Organization of Petroleum Exporting Countries (OPEC). OPEC, during this time, was unable to
restrain output among members in its effort to lift oil prices. What best describes these events?
5) Price elasticity of demand is the:
6) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for
movie tickets is about:
7) When labor is the variable input, the average product equals the
8) The increase in output obtained by hiring an additional worker is known as
9) Which of the following is the best example of a long-run decision?
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ECO 365 Week 1 Discussion Question 1
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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 Question2
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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
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ECO 365 Week 1 Individual Assignment Article Analysis
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ECO 365 Week 1 Individual Assignment Economic Analysis
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Prepare a 1,000–1,500 word paper in which you explain what the difference is between a movement along and shift of the demand curve. Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making. Post in assignments link.
Format your paper consistent with APA guidelines.
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ECO 365 Week 1 Individual Assignment Supply and Demand Curve Worksheet (2 Sets)
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This Tutorial contains 2 sets of Worksheet
Complete the Supply and Demand Curve worksheet.
Submit through the Assignment tab.
Answer the following questions
Write the definition for each of the following:
1. Law of Demand
Law of Supply
Which of the following graphs best demonstrates the law of demand?
a) I
b) II
c) III
d) IV
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ECO 365 Week 2 Discussion Question 1
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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
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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 (3 Papers)
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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.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?
For each shift, analyze how it would affect the equilibrium price, quantity, and decision making.
How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
Relating to the simulation, explain how the price elasticity of demand affects a consumer’spurchasing and the firm’s pricing strategy.
Format your paper consistent with APA guidelines.
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ECO 365 Week 2 Learning Team Reflection Production and Cost Analysis
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Discuss this week’s 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)
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Reflect on why some products become substitutes and why some are compliments (e.g. hot dogs and hot dog buns).
Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
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ECO 365 Week 2 Team Assignment Product Substitution Versus Product Compliment
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ECO 365 Week 2 Team Assignment Substitute vs Compliment
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ECO 365 Week 3 Discussion Question 1
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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
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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
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Discuss this week’s 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)
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This tutorial 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 product’s potential success. The analysis will focus on your primary competitor in the product’s market.
Select a potential competitive organization and a product in that organization.
Write a 1,400–1,750-word paper of no more than analyzing the current market conditions. Address the following topics:
A short history of the organization and a description of their product
Factors that affect demand, supply, and equilibrium prices in the market in which the competitor organization operates: Define the market for your chosen product, including an analysis of its competitors, potential customers, or potential buyers.
Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements.
o Price elasticity of demand
o Technological innovation
o The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity
o Cost structure
Factors affecting variable costs, including productivity and others that change the supply of and demand for labor
Factors affecting fixed costs
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ECO 365 Week 4 Differentiating Between Market Structures Paper (New Syllabus),Starbucks
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You will 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 structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.
Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization. Your selected organization must be submitted for instructor approval.
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.
- How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sectors.
Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified.
Make recommendations related to the strategies the organization might consider to maximize its profits.
Select one of the following assignment options:
Paper
Write a 1,400- to 1,750- word paper.
Format consistent with APA guidelines.
PowerPoint® Presentation:
Create a 12–15 slide Microsoft® PowerPoint® presentation including detailed speaker notes.
Video
Create a 3–5 minute video
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ECO 365 Week 4 Differentiating Between Market Structures Presentation (New Syllabus),Starbuck
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You will 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 structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.
Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization. Your selected organization must be submitted for instructor approval.
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.
- How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sectors.
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ECO 365 Week 4 Differentiating Between Market Structures Presentation (New), Apple
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You will 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 structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.
Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization. Your selected organization must be submitted for instructor approval.
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.
- How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sectors.
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ECO 365 Week 4 Discussion Question 1
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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 government’s solution to a market failure would worsen the failure? Explain your answer.
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ECO 365 Week 4 Discussion Question 2
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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
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For this assignment, you will choose from the following options:
o Option 1: Differentiating Between Market Structures in Kudler
o 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
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Discuss this week’s 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 4 Team Assignment Mergers and Joint Ventures (2 Papers)
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This Tutorial Contains 2 sets of papers
Learning Team Assignment — Week 4
Discuss the differences between horizontal, vertical and conglomerate mergers and how those differ from a joint venture.
Introduction
Horizontal Mergers
Vertical Mergers
Conglomerate Mergers
Joint Venture
Conclusion
Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
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ECO 365 week 5 Team Assignment Competitive Strategies and Government Policies (3 Papers)
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This Tutorial contains 3 sets of papers
Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.
Write 1,400 –1,750-word paper of no more than in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:
New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity inyour industry or one with which you are familiar–horizontal, vertical, or conglomerate–and explain why you made that choice.
Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry
Recommend how the industry you chose may respond to each of the previous points.
Format your paper consistent with APA guidelines.