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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 microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?
Explain how the price elasticity of demand affects a consumer's purchasing and the firm's pricing strategy as it relates to the simulation.
Assume that a piece of property is purchased for $200,000. A 20% down payment is made and the rest is financed through a 15-year mortgage loan with a 5 1/4 0/0 annual interest rate, compounded monthly.
a. calculate the breakeven number of additional customers for each added hour of operation up to 4am.b. calculate the
Presume 2 firms are found on the real line [0,1]. Firm 1 is located at a=.15, and Firm 2 is located at 1-b, where b=.15. Suppose P1=P2=$10. Consumers face a distance cost of $2 per square unit of distance.
According to Inter brand Corporation, the Coca-Cola brand name (not the company) is worth $67 billion. At least theoretically, this is what Coke could get for the name if it decided to sell it to someone else.
what do you mean by a social welfare function? if assume that such a function exists what properties of social optima
There are 100 dog kennels in Atlanta. An economist studying the pricing behavior of dog kennels tells you that she is limiting her analysis to a time period that does not allow for any new dog kennels to enter the industry or for any established d..
a study of the effect of college education on job satisfaction was conducted.nbsp a contingency table is presented
What would be the total potential gains from trade if the ski resort and the birders were able to negotiate and what are the total net benefits of the economically efficient number of ski resort acres
Absolute advantage of any country in any industry - Find a recent news article covering that topic.
Joseph Stiglitz's book details his various "discontents" with the way the globalization process has been aided and abetted by international organizations dedicated to the economic transformation of the world economy, such as the World Bank and ..
In an effort to reduce their total costs, many companies are now replacing paychecks with payroll cards, which are stored-value cards onto which the companies can download employees' wages and salaries electronically.
explain how banks are financial intermediaries. what are reserves? what are excess reserves? explain how the fed can
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