Explain the factors that will affect demand of product

Assignment Help Macroeconomics
Reference no: EM131205696

Assigment 1

As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700-word research paper about current microeconomic thought and theory.

Identify the fundamental lessons the Ten Principles of Economics teach about:

• How people make decisions
• How people interact
• How the economy as a whole works

Explain the following to help the committee members understand how markets work:

• How society manages its scarce resources and benefits from economic interdependence
• Why the demand curve slopes downward and the supply curve slopes upward
• Where is the point of equilibrium and what does it determine?
• The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices

Format consistent with APA guidelines.

Assigment 2

You have been given the responsibility of working with your organization's CEO to do a competitive market analysis of the potential success of one of their existing products.

Select your organization and a product produced by that organization fromIndustryWeek.

Write a 2,100-word analysis of the current market conditions facing your product, making sure that you address the following topics:

• Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.
• Analyze any comparative advantages and international trade opportunities.
• Explain the factors that will affect demand, supply, and prices of that product.
• Examine factors that will affect Total Revenue, including but not limited to:
• Price elasticity of demand
• Factors that influence productivity
• Various measures of costs, including opportunity costs
• Externalities and government public policy and their effect on marginal revenue and marginal cost
• Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.

Use a minimum of 3 peer-reviewed sources from the University Library.

Format your paper consistent with APA guidelines.

Assignment 3

You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions.

Develop a 12- to 15-slide Microsoft® PowerPoint® presentation that includes the following:

• The impact the theory of consumer choice has on:
• Demand curves
• Higher wages
• Higher interest rates
• The role asymmetric information has in many economic transactions
• The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy
• People not being rational in behavior economics

Cite a minimum of 3 peer-reviewed sources not including your textbook.

Format consistent with APA guidelines.

Reference no: EM131205696

Questions Cloud

Explain changes in management practices : Choose one of the following and write 250 words in your own words. Explain changes in management practices related to business processes. Explain changes in management practices related to business roles.
Identify and explain what sources you researched so far : Analyze the topic and provide for and describe possible solutions which should be based on researched. Identify some solutions that have worked in the past and explain them.
Make the appropriate accounting entry as of grant date : On December 31, 2014, ABC Corporation issued 1,000 shares of restricted stock to its Chief Financial Officer. ABC stock had a fair value (closing market price) of $7 per share on December 31, 2014. The service period related to the restricted stock i..
Elements needed to create a solid compensation : What are all of the elements needed to create a solid compensation, benefits package, and total rewards plan? For a Business Class assignment?
Explain the factors that will affect demand of product : Define the type of market in which your selected product will compete, along with an analysis of competitors and customers. Explain the factors that will affect demand, supply, and prices of that product.
How is the mix of various kinds of passenger transportation : Why do you think that is the case? If you live in the United States, pick another country for comparison purposes. If you live in another country, you can compare your country to the United States, or to a third country
What is the value of the ending work-in-process inventory : The following events took place at a manufacturing company for the current year: (1) Purchased $100,000 in direct materials. (2) Incurred labor costs as follows: Transferred 85% of the materials to the manufacturing assembly line. (5) Completed 70% o..
Relationship between annual objectives and policies : In 200 words, describe the relationship between annual objectives and policies.
How amy tan say her division of english affect her as writer : How does Amy Tan say her divisions of English affect her as a writer?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd