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Students are required to write an essay on a significant, recent economic event or activity.
Discuss an economic activity or event of interest and apply it to theoretical models and economic laws introduced during your study of topics.
The purpose of this essay is to encourage students to carefully consider lecture content and relate this to economic events, issues or activity. Students should access multiple reference sources to support their findings. This would include journal, text, news article and web based resources.
Students may want to refer to historic economic activity that caused the event. Students may also consider comparing and contrasting with other economies around the world.
This essay encourages students to research deeper therefore students are required to pay particular attention to a specific topic and research in depth rather than treat a broad range of topics generally. This will require students to focus on one particular area of economics and identify the specific elements.
short-run average cost curve and the long-run average cost curve are both U-shaped for the same reasons.
Illustrate what effect will each of the subsequent have on the supply of auto tires
If the government imposes a limit on sales of a good or service by issuing a license that gives the owner the right to sell a given quantity of the good, the difference between the demand and supply price
Discuss the source of tension between cooperation and self-interest in a market characterized by oligopoly. Use an example of an actual cartel arrangement to demonstrate why this tension creates instability in cartels.
Compute the industry o/p also marketplace share at the present price of $2,200, assuming the prices are stable also un such as to change.
Why might a company use an indirect cost discrimination scheme versus direct cost discrimination
you should note whether the scenario indicates a shift of the curve or movement along the curve. you are a supplier of widgets. What technology available to produce your product suddenly improves.
Assume a $6 excise tax is imposed on the good. Conclude the new equilibrium cost also quantity.
compute the average cost function for skateboards. what shape does the graph of this function have. What is the average at this level of output.
Which financing method will result in the greatest number of prisoners surviving the trip
What is the point forecast of sales in the next time period? What is the 95% forecast interval for the next period’s sales figure? (use z = 1.96)
Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.
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