Summarize the economist''s key philosophies

Assignment Help Microeconomics
Reference no: EM13855103

From the economist's perspective (whichever economist you chose), answer the following:

1) Summarize the economist's key philosophies

2) Explain how the Three Basic Questionswould be answered

3) Discuss how the Factors of Production should be managed under your economist's perspective

Students will be required to submit thorough essays (500 to 750 words excluding reference page) that answer all questions applying to the assignment and provided by the author. Do not submit as either a numbered Q&A or as a bulleted list of data, rather submit a completed written paper. It is in the best interest of the student to not wait until the last minute to work on and submit the writing assignments. The stress and feeling of being overwhelmed can be avoided by using time management and not procrastinating in the completion of the writing assignments.

The student should relate the case to the textbook materials and issues. All students should do any internet and/or library database research required prior to writing the response, multiple sources adds to the credibility of the paper. Ensure that proper grammar, sentence structure, and material citations are included for maximum point consideration. Neglecting to cite other authors original material is plagiarism and will be graded accordingly (see the Academic Honesty Section of the syllabus), include properly formatted reference pages with your written assignments. A minimum of two (2) reference sources in addition to your textbook are required.

Reference no: EM13855103

Questions Cloud

What concerns do you have about managing these distractions : What distractions in your life pull your focus away from your new student responsibilities? What concerns do you have about managing these distractions? After completing the Support Network Exercise, what did you learn about your support network
How many molecules of nitrogen are present in sample : How many molecules of nitrogen are present in sample that fills a 10.0L tank STP?
What is the magnitude of the field at the center of the coil : What is the magnitude of the field at the center of the coil? What is the direction of the force on a positive ion in the water above the center of the coil?
Does the process map help uncover ideas : What is a process in your organization or an organization you know that has a process needing improvement. How could you map the process using a flowchart and look at alternatives to improve the process? Does the process map help uncover ideas and..
Summarize the economist''s key philosophies : Summarize the economist's key philosophies
Calculate the mirr of the project : A company uses a 10% interest rate on all of its projects. Calculate the MIRR of the project using the following three methods
Design more efficient processes and meet business needs : Watch the video at http://youtu.be/RroptWyIPcM. How can process capacity management help to design more efficient processes and meet business needs
Which project should the firm accept : If the required return is 10% and the company applies the profitability index decision rule, which project should the firm accept and if the company applies the NPV decision rule, which project should the firm take?
A manufacturer creates widgets : A manufacturer creates widgets whose mass has mean 5 and standard deviation sigma. Ten widgets are shipped, and the shipment will be rejected if any of the widgets has mass = 7. Give the largest value sigma can be such that the probability of reject..

Reviews

Write a Review

Microeconomics Questions & Answers

  Identify the four major tools of monetary policy

(TCO 6) a) Identify the four major tools of monetary policy.  b) Describe how changes in the Fed's major policy tools leads to [1] expansionary and [2] restrictive or contractionay monetary policies.

  Products for which quantity demanded increases

The Law of Demand states that the demand for a product is inversely related to the price of such product. Therefore, the demand for a product is considered downward sloping. This implies that quantity demanded increases when price decreases. Is th..

  What effect on the price elasticity of demand for commuter

What effect on the price elasticity of demand for commuter rail is there likely to be from a decrease in the price of gasoline? Explain your answer

  Create a change management plan and communication plan

Create a change management plan and communication plan of 1,050- to 1,400-words. The word count includes the example communication.

  What factors might contribute to a low level of productivity

What factors might contribute to a low level of productivity in an economy Compare these to the rapid productivity growth experience by the United States during the 1990s.

  Why is marketing necessary for a practice

Why is marketing necessary for a practice or hospital to be successful? What considerations should be taken into account when marketing health care services or products? (Hint: Think about all the medication ads you see on TV or in magazines - how ..

  What is the level of production price and total profit per

Where Q is weekly production and P is price, measured in cents per unit. The firm"s cost function is given by C = 60Q + 25,000.Assume that the firm maximizes profits.

  Why is the u.s. gdp so much higher than that of mexico

Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada's GDP?

  What is his economic profit

Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day he quits his job, sells $100,000 worth of bonds that had been earning 5 percent per year, and uses the funds to open a book store. At the end of the y..

  What does the wto do that differentiates it from the section

In terms of trading bloc characteristics, how does the EU (European Nation) compare with the 50 States in the U.S. ?

  What is the future worth at the end

Suppose that $4000 is placed in a bank account at the end of each quarter over the next 10 years. What is the future worth at the end of 10 years when the interest rate is 9% compounded at the given intervals?

  Why would firm decide to produce instead of shut-down

What is the profit maximizing level of output - what is the maximum profits firm can attain and why would this firm decide to produce instead of shut-down?

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