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Microeconomic
For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.
Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.
Topic: Prices and scarcity.
What circumstances would the industry short run labour demand curve have the same elasticity as that of a representative firm in this industry? which of the four laws of derived demand are important here? explain your reasoning.
Assume a firm has the production function Q = 2.5K 0.4 L0.5-Write the firm's Isoquant equation associated with the production of 20 units of output.
Alexander Machine Tools faces the demand curve P = $70 - 0.001Q. What price and quantity maximize total revenue? What is the price elasticity at this point?
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on th..
Pete's a kid and his weekly allowance is $10. He spends his entire allowance between gummi bears and chocolate. A price of a pound of gummi bears (GB) is $2.50 and the price of a pound of chocolate is $5
John have many ice cream stores located across the nation. John does not like to work evenings and employee Marcy to work the store in the evening for $7.50 each hour.
What are the advantages of doing business as a limited liability company? That is, if you want to open a small business, you have several options---sole proprietorship, partnership, LLC, etc. Why might you select a LLC over the other options..
The inflation rate over a 10 year period for an item that now costs $1000 is shown below Year 1, 10% Year 2, 0% Year 3, 10% Year 4, 0% Year 5, 10% Year 6, 0% Year 7, 10% Year 8, 0% Year 9, 10% Year 10, 0% What will be the cost at the end of year 1..
Megan Industries manufactures several products including a basic case for a popular smart phone. The company is considering adopting an activity-based costing approach for setting its budget. Calculate the activity-based unit cost of the smart phon..
The demand for euros by Americans is also
After a decade of overconsumption Americans are finally saving at the appropriate levels. Despite only modest increase in real incomes, the U.S. Savings rate has risen to 5.4% as of August 2014. What are some of the key drivers that may be a..
A major element of the concepts of inflation and deflation is
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