Identify the cost of the apple iphone six plus

Assignment Help Microeconomics
Reference no: EM131357640

Assignment: Supply & Demand Outline

For this assignment you are to write a 1 to 2-page paper that addresses supply and demand for the iPhone 6 plus.

Note: The Apple iPhone 6 plus cellular phone will be researched for each course project assignment leading up to your final submission.
Guidelines for this assignment are listed below:

• Research the number of Apple iPhone 6 plus cellular phones that were released in the United States.
• Identify the cost of the Apple iPhone 6 plus.
• Discuss whether or not demand and supply are in equilibrium or is demand greater than supply.
• Identify two factors that would cause the demand curve to shift to the left.
• Discuss two factors that would cause the demand curve to shift to the right.
• Identify two factors that would cause the supply curve to shift to the left.
• Discuss two factors that would cause the supply curve to shift to the right.
• State whether or not a price floor or price ceiling in the iPhone 6 plus would benefit consumers and why.
• Discuss if the Apple iPhone 6 plus account is a market failure.

Assignment must align with the following guidelines:

• Title page
• 1 to 2-pages of content
• At least two sources
• Reference page
• APA formatted.

Reference no: EM131357640

Questions Cloud

Description of an emergent technology : You will need to define a chosen topic and provide a brief description of an emergent technology. Examples are: Nanotechnology Genetically modified organisms Drones Automatic cars Remote or robotic surgery Wireless electricity
What is the value of your forecast : The actual demand for the patients at Omaha Emergency Medical Clinic for the first 6 weeks of this year follows: What is the value of your forecast? If instead the weights were 20, 15, 15, and 10, respectively, how would the forecast change? Explain ..
Tobacco-addicted nation of pcoria : Assume that the daily demand for packs of cigarettes in the tobacco-addicted nation of Pcoria is as follows:
What type of music did you use and why : In what ways have you used music to change your state of being, such as your mood, your energy, or stress level? What type of music did you use and why?Write a response that reflects on this week's reading assignment. You may also include reflect..
Identify the cost of the apple iphone six plus : Identify the cost of the Apple iPhone 6 plus. Discuss whether or not demand and supply are in equilibrium or is demand greater than supply. Identify two factors that would cause the demand curve to shift to the left.
Calculate the mean absolute deviation : Assume that May's actual sales figure turns out to be 405. Complete the table's columns and then calculate the mean absolute deviation for both Bob's and Sherry's methods
Is the monopoly solution better than the initial endowment : Suppose A really liked x1, so that cA (cell B21) was 2. How would this change A's utility maximizing price of x1? What is the monopoly solution? Describe your procedure.
What is the population pyramid : What are the descriptors in descriptive data as it relates to "person" - what is the population pyramid and what is the difference between cyclic patterns and seasonal trends - what is the difference between acute and chronic diseases?
Where do you think these expectations come from : Where do you think these expectations come from?Are the expectations for men and women equal or different? How so? What part do you think these roles and expectations play in creating gender equality or inequality today?

Reviews

Write a Review

Microeconomics Questions & Answers

  Write the lp problem to minimize transportation costs

A producer wholesaler has three factories, and the fruit and vegetables it ships are supplied to four different distribution centers. The table below gives unit shipping costs to each warehouse, along with factory capacities and warehouse demands.

  Calculate the profit-maximizing production quantity

A firm has a monopoly on a new type of gaming console. The market demand is given by P=175.3-0.003*Q and thus marginal revenue is MR=175.3-0.006*Q. The monopolist's marginal cost is MC=5.2+0.001*Q. Calculate the profit-maximizing production quantity.

  Explain in clear language the economic inefficiency

Explain in clear language the economic inefficiency associated with adverse selection - Consider only people enrolled both before and after the implementation of the ACA. What does the theory of moral hazard tell is likely to happen to doctor visit..

  Maintain a constant annual cost

CSG had a policy of providing an annual "cost of living" increase for its assembly workers to maintain a constant annual cost of $25,000 per worker (1984 dollars).

  Critically examine short-term and long-term effects of a

i critically analyze the short-term and long-term effects of a large budget deficit and public national debt. in your

  According to the basic principle of economics

In recent years, the child tax credit has been increased in the united state. According to the basic principle of economics, how will the birth rate be affected by polices that reduce the taxes imposed on those with children?

  The highland commodities company is a typical firm

The Highland Commodities Company is a typical firm in a perfectly competitive market has a cost structure described by the equation: C = 25 - 4QF + Q2F where QF is measured in thousands of units.

  Influences the demand curve for indoor grill products

How do people's budget, income, and substitution effects fit - How do you think influences the demand curve for indoor grill products?

  What is customer surplus

Presume that there is one manufacturer and one retailer. Final inverse demand is P(q) = 100-2q. Marginal cost of the manufacture is 10 and the retailer has a marginal retailing cost of 5 in addition to the wholesale price charged by the manufacturer...

  Expected number of bars from batch-within specifications

A batch of 10000 steel bars has been manufactured. The mass of those bars varies according to the normal distribution with a mean of 5.3 kg and a standard deviation of 0.2 kg. Specifications call for the bars to have a mass of between 5.0 kg and 5.6 ..

  Sustained increases in the money supply lead to inflation

Sustained increases in the money supply lead to inflation

  What happens in the market for a drug once the patent expire

What happens in the market for a drug once the patent expires? Why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd