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Economics- Discussion Board
1. Initial post: 3-4 paragraphs, must have at least an in-text citation and reference in APA formatting, answer the question
2. Peer responses: two peer responses of at least one paragraph in length. any response to my questions will count as well
Question:
Explain your opportunity cost of taking this course (Economics Course). When looking at the decisions that you have to make, are you more concerned on your lost time or money. Analyze the role of scarcity in your daily life.
Using a real world experience in a free market (not government regulated) to explain a change that occurred in supply or demand as a result of world events that led to the need for a move among two equilibrium states. Describe the process of how that..
What organizational characteristics facilitate embracing accidents as sources of innovative products and services? Consider 3M and Post-it Notes.
If a perfectly competitive firm raises its price above the prevailing market rate, how much of its sales might it lose? Why? Can a competitive firm ever raise.
Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?
Suppose that you were in business and intended to build a plant to turn out a promising new item-say, a pencil that would last twice as long as the kinds available now. What sorts of developments might discourage you from making this investment..
Suppose that Auburn begins a new living wage that paid all retail workers in the city $18 per hour, while the going wage in neighboring Roseville for retail workers was $8 per hour . If the odds of getting a job as a retail worker in Auburn are 40..
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
Ross owns 918 shares of Flag Fabric Corporation There are thirteen directors to be elected. 31,000 shares of common stock are outstanding.
a) What level of man-hours will maximize total output?
Signaling Suppose that both employees and employers view GPA as a signal of quality. Suppose that with no effort, each earns a 2.7 GPA. The opportunity cost for a high-skilled worker to improve his/her GPA is $6,000 per 0.1 points.
Female shoppers generally value microwaves more than men and attribute greater value to the auto-defrost feature. There is little additional cost to incorporating an auto defrost feature.
Suppose that A = 50 and β = 4. Find the optimal capacity, peak price, and off-peak price. (b) Suppose that A = 90 and β = 8. Find the optimal capacity, peak price, and off-peak price.
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