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Write a two to three (2-3) page paper in which you:
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Apply the underlying principles of economics and the economic way of thinking to assess market issues and make business decisions.
Analyze the dynamics of supply and demand to anticipate market equilibrium.
Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies
Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
Use technology and information resources to research issues in principles of economics.
Write clearly and concisely about principles of economics using proper writing mechanics.
Consider Marginal Revenue (MR) and Marginal Cost (MC) to answer this question. Explain how MR and MC are used to determine the optimal (maximum) allocation of resources to a particular product?
assume that the government imposed a price floor on wages minimum wage in order to make sure that workers can earn a
Describe how the market for Alaskan king crab will be affected if, at the same time that medical reports confirm that suspected health benefits from consumption of Alaskan king crab meat, wages are increased for trawler men
Develop a one year monthly or weekly forecast or a two year quarterly forecast (for the hold out period) using the time series decomposition model you evaluated in c) above.
Generally speaking what is the position of Republicans and Democrats concerning TAXES and Government spending?
a.In certain industries, firms buy their most important inputs in markets that are close to perfectly competitive and sell their output in imperfectly competitive markets. b.Cite as many examples as you can of these types of businesses.
Explain how the Krugman model of trade works. Explain the similarities and differences between the Krugman model and Heckscher-Ohlin model.
Which of the following is not considered a cost of unemployment?
Consider a market characterized by the following inverse demand and supply functions: PX = 50 - 4QX and PX = 10 + 2QX. Compute the surplus producers receive when a $30 per unit price floor is imposed on the market.
You have made arrangements to borrow $1,000 now and another $1,000 three years from now (End of Yr 3). The obligation is to be repaid at the end of four years. If the projected interest rates in years one, two, three, and four are 10%, 12%, 12%, and ..
Describe the Internal Environment, specifically the history and development of your organization-- its origins, path of development, competitive environment, inner structure.
Write up a one to two page summary of the legal and ethical issues of concern when looking at your proposed company.
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