User Account

All Pages

Identify microeconomics and macroeconomics principles

Assignment Help Microeconomics
Reference no: EM13916554

Write a 1,050- to 1,400-word paper summarizing the content of the simulation and address the following:

• Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.

• Explain why you have categorized these selected 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/video.

• Explain what causes the shifts, and how each shift affects the price, quantity, and decision making. Include responses to the following:

• How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?

• How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?

• How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

• How does the price elasticity of demand affect a consumer's purchasing and the firm's pricing strategy as it relates to the simulation/video? Cite a minimum of 3 peer reviewed sources.

Reference no: EM13916554

Questions Cloud

Address your letter to leticia vascellaro : In an adjustment letter, try to regain the confidence and the business of Rochester Preferred Travel, 245 East Avenue, Rochester, NY 14604. Address your letter to Leticia Vascellaro, and sign it with your name.
Discuss ways in company researched leverage corporate social : Discuss ways in which a company you researched could leverage corporate social responsibility as a competitive strategy. Provide specific examples to support your response.
Find the value of the test statistic : Using the appropriate commands in Excel, find the value of the test statistic. Assume that σ2A = 4.4 and σ2B = 5.2 . What is the p-value
Quark spy equipment manufacturers espionage equipment : Quark Spy Equipment manufacturers espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct labor-hours.
Identify microeconomics and macroeconomics principles : Write a 1,050- to 1,400-word paper summarizing the content of the simulation and address the following: • Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.
Financial & managerial accounting : Discuss the company's liquidity from the viewpoints of the long-term creditors and the stockholder's
Write thank-you letter to your boss or head of organization : Write a thank-you letter to your boss or to the head of an organization to which you belong. Include specific details that will make your letter personal and sincere.
Normally distributed and the population standard deviation : normally distributed and the population standard deviation is known. She uses a Z test to test the null hypothesis that the mean tensile strength is 800 pounds per square inch.
Article- building competitive advantage from ubuntu : Using the article "Building competitive advantage from ubuntu: Management lessons from South Africa" by Mzamo P. Mangaliso:-Summarize the case and consider the issues management must consider based on the case.

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain development to reduce emergency response time

Boone County Commissioners want to construct a road to provide another access to a new development to reduce emergency response time. The cost of the road is $350,000. It is estimated that it will cost $2500 to maintain the road the first year.

  A justification for job training programs is that they

a justification for job training programs is that they improve worker productivity. suppose that you are asked to

  Marriage ceremony

Husband and wife exchange wedding rings during their marriage ceremony.

  The number of passengers increased from 700 to 800 per day

last year the us low-cost-carrier spirit airlines entered the dallas-chicago market. the average ticket price for all

  Long-run market adjustment-perfect competition

Firm Z, operating in a perfectly competitive market, can sell as much or as little as it wants of a good at a price of $16 per unit. Its cost function is C=50+4Q+2Q^2. The associated marginal cost is MC=4+4Q, and the point of minimum average cost ..

  Which benefits exceed the costs might not occur

Explain the various major reasons why the quantity of education in a country would likely be less than the efficient amount in the absence of any government intervention. Include a carefully labeled and well-explained supply-demand diagram that sh..

  Turning to a market economy

Developing countries in the "Global South" turned to socialism in the past as a means to solve their economic problems.

  What may cause individual household to buy more goods

Define Demand and Supply - What may cause individual household to buy more goods and services?

  Calculate the after tax cash flow for four years

An automobile manufacturing company is considering buying special handling devices for food and beverage manufacture. The new tool has a purchase price of $50,000 and zero salvage value. It is expected that the new tooling would generate annual benef..

  Suppose the consumption function isc 400 billion 08y and

suppose the consumption function isc 400 billion 0.8y and the government wants to stimulate the economy. by how much

  How much will hiring these inputs cost them

Jake and Paul run a paper company. Each week they need to produce 1,000 reams of paper to ship to their customers. The paper plant's long-run production function is Q = 4 K^0.75 L^0.25, where Q is the number of reams produced, K is the quantity of ca..

  Select a firm you believe has been successful

In a one page paper:  Select a firm you believe has been successful in global competition, describe the major factors you believe have been the reasons for this success.

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