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Econ 203 Case Study Workforce Activity
As a sample workforce activity, assume your employer has asked you to develop an economic analysis and a set of policy recommendations. To complete this activity, select a news article dated within the previous two months.
Possible concepts include:
Your paper should:
be a total of 800 to 1200 words,
include a bibliography with at least three references, presented in APA style,
have been spell-checked and grammar-checked using Word's review utility.
Explain how the Laws of Supply and Demand are illustrated in this graph. Describe the equilibrium price and quantity in this market.
In Metropolis, there are three types of houses: expensive, medium, and cheap. All households – regardless of what type of house they have – have the same marginal benefit curve for open space, which is a public good. Households can sort into differen..
A surplus of loanable funds will result if the: Economists use _____ as a model to explain how savers and borrowers come together to determine the equilibrium rate of interest. The downward slope of the demand for loanable funds shows that:
The demand function for a firm’s product is Q = P^(-3). The firm’s marginal cost of production is constant at MC(Q) = 12. Calculate the elasticity of demand, as a function of Q. Based on your answer to (c), what is the firm’s profit-maximizing price?
Discuss fixed and floating exchange rate systems. During what period in post-war international economic relations did each exist, respectively? Use the systemic and subsystemic levels-of-analysis to discuss the transition from one system to the other..
Sketch a representative isocost line, labeling the intercepts. What is the slope of the line?
Graph the estimate of the AD and AS curves clearly showing the equilibrium point indicating the price on the vertical axis and the output on the horizontal axis.
Sales for the first quarter of the following year are projected at $2,610. Calculate the company's cash outlays by completing the following:
(a) What is the joint probability distribution for first cost and net revenue?
What is an inflationary gap? What are the implications of this gap in terms of unemployment, real output, and the price level
Company A has fixed expenses of $15,000 per year and each unit of product has a $0.20 variable cost. Company B has fixed expenses of $5,000 per year and can produce the same product at a $0.50 variable cost. At what number of units of annual producti..
Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach, which is five miles long. CC estimates that on an average day there are 1,000 sunbathers evenly spread along the beach and that each sunbather wi..
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