User Account

All Pages

How society manages its scarce resources and benefits

Assignment Help Microeconomics
Reference no: EM131380805

Assignemnt: Principals of Microeconomics

Prepare an 875-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory.

Identify the fundamental lessons the Ten Principles of Economics teaches regarding:

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

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.

o Where the point of equilibrium is 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.

Reference no: EM131380805

Questions Cloud

Which market structure you would prefer for selling products : ECO204- Describe which market structure you would prefer for selling products. Explain why and support your answer with the characteristics of that market.
Is this rule based policy pro-cyclical or counter cyclical : Below draw an AD/AS graph and a money market graph side-by-side. For the money market, use an upward sloping money supply curve and assume that the equilibrium interest rate in the money market is 5%. Then explain and show what happens if the Fed act..
Explain what will happen in long run due to self-correction : Assume that an economy is in the long-run equilibrium with the GDP deflator of 150 and potential output of $40 billion. Draw a typical aggregate demand-aggregate supply model using this information. Explain what will happen in the long run due to sel..
Are the differences cultural : Compare and contrast an international marketer's home pages for presentation and content;- for example, Coca-Cola and its Japanese version.-  Are the differences cultural?
How society manages its scarce resources and benefits : ECO/365- How society manages its scarce resources and benefits from economic interdependence. Why the demand curve slopes downward and the supply curve slopes upward.
Suppliers produce more goods-services when price increases : Phillip’s Curve: For each of the following draw an AD/AS diagram and a corresponding Phillip’s curve assuming the following: suppliers produce more goods and services when price increases; Show in both diagrams the effect of an increase in government..
Evaluate current global economic conditions : Evaluate current global economic conditions and their effect on local macroeconomic indicators in your selected country. Consider forecasts for population growth, GDP growth, GDP per capita growth, export growth, and sales growth.
Assess the market potential for power generators : From the international marketer's point of view, what are the opportunities and problems caused by increased urbanization in developing countries?
What can marketer to advance regional economic integration : Comment on this statement: "A low per capita income will render the market useless."- What can a marketer do to advance regional economic integration?

Reviews

Write a Review

Microeconomics Questions & Answers

  What will happen to that break-even quantity

What is the quantity of magazines that needs to be sold per month in order for the operation to break-even and what will happen to that break-even quantity

  How to explain social diversity and business ethics how has

how do you define social diversity and business ethics? how has a more diversified labor force affected the corporate

  Consider an economy with three equal sized economic classes

Consider an economy with three equal sized economic classes: the poor, the middle class, and the rich. At currently prevailing prices, the rich buy new houses and after 20 years sell them to the middle class. The middle class buy 20 year old houses a..

  Find the bid price which maximizes expected contribution of

your company bright paints is one of a dozen companies manufacturing a special reflective paint used for traffic

  How does system differ from a system based on interest

Consequently, an example of an Islamic-sound banking practice is a system in which depositors deposit money to participate in profit-sharing and the banks provide funds to borrowers on the same principle with a mark-up as payment for their financi..

  Explain craft unions

Both industrial unions and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the diffeence in approaches and describe the impact these differences have on excess quantity of labor supplied.

  Explain how elasticitys should be used in pricing decisions

Dakota Publishers prints coffee table photo books of the mountain states and Great Plains.  The marketing manager normally prices books at $35 each, and sales an average of 4,000 per month.  Last month, she had a sale and priced volumes at $22.50 eac..

  Draw al monthly production possibilities frontier

Draw Al's monthly production possibilities frontier with bread on the vertical axis and wine on the horizontal axis. Suppose Al is currently producing and consuming on his PPF, making 10 bottles of wine per month. Mark this point in your graph of Al'..

  Calculate the probability for the union of three events

1) The probability of A is 0.50, the probability of B is 0.45, and the probability of either (i.e. P(A[B) is 0.80. What is the probability of both A and B?

  Calculate the output and profits of both firms

Calculate consumer surplus in the case of entry deterrence and in the case of entry accommodation. Which situation leads to the largest consumer surplus?

  Histories of the mnes-industries

Histories of the following MNEs/industries, from their beginings to the present day, such Fedex, Amazon, NYSE (New York Stock Exchange), Pharamaceutical Industry, General Electiric, Lenovo. Compare and contrast the history of at least two of these..

  Identify and review all relevant readings from the mba

Identify and review all relevant readings from the MBA Capstone Program Bibliography. Locate and maintain access to publicly available information about your organization.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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