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Dicussions Microeconomics
Market Structures
Read the article, The Ethics of Big Data. Based on the content presented in the article, describe the microeconomic principles being used, in other words what is the impact for demand? List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big data. Respond to at least two of your classmates' posts.
Guided Response: Review the discussion board posts of your classmates. Analyze the difference between market structures. Compare your response to those of your classmates. Respond to at least two of your classmates. Discuss the way profits vary based on market structure.
Barriers to Entry
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?
Guided Response: Review the discussion board posts of your classmates. Do you agree or disagree with their reasons on whether or not government should get involved when it comes to monopolies? Respond to at least two classmates. Compare and contrast your posts and comment on barriers to enter a market and analysis of government's relationship with monopolies.
Explain what the new equilibrium point means in terms of GDP and the price level. Based on your understanding of the current health of the economy, was this program successful? Why do you say this?
2. Q=L1/2+K1/2+M1/2. For this production function, the marginal products of labor, capital, and materials are MPL =1/(2 L1/2), MPK =1/(2/K1/2), and MPM= 1/(2M1/2). Suppose that the input prices of labor, capital, and materials are w=1, r=1, and m=1, ..
What are some key micro economic factors for making profits in the healthcare field?
Find the market demand schedule for labor and the equilibrium wage rate - How much labor should the firm hire to maximize its total profits?
suppose there are two technologies that can be used for irrigation. flood irrigation is relatively inefficient. for
The costs of a purely competitive firm and a monopoly could be different because the competitive firm has a lower price. the monopoly might experience economies of scale not available to the competitive firm. the competitive firm is unregulated.
course description a development of value and distribution theories. detailed analysis of the reactions of consuming
How would they determine what events to bring to the center? How would they determine the "draw" to the events? Would residents of the larger cities come to the events?
Suppose that the economies of scale in using fracking methods in drilling for oil are greater than when using conventional drilling methods. What would the likely consequences be for the number of firms drilling for oil in the United States?
The government must raise tax revenue to pay for schools, police, etc. To do this, it can either tax groceries or meals at fancy restaurants. Which should it tax? Explain your reason.
What are some costs of unemployment
Calculate the price elasticities of demand for A and B at P=30, 20 and 10. How does the elasticity change as you move down the demand curve?
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