User Account

All Pages

Bill gates face the problem of scarcity

Assignment Help Macroeconomics
Reference no: EM131326325

1. What is opportunity cost and what does it mean?

2. What are the eight guideposts to economic thinking and how to incentives fit into thinking like an economist?

3. What role does scarcity play in economic thought? Does Bill Gates face the problem of scarcity?

4. What is comparative advantage?

5. What is the definition of economic efficiency and how does it relate to marginal costs and benefits?

6. What role do property rights play in economy?

7. How does investment improve our production possibilities?

8. What happens to the demand for a complementary good if the price of its complement goes up?

9. What is the law of demand?

10. What is the invisible hand and how does it work?

11. How does a price ceiling impact a market?

12. How does a price floor impact a market?

13. Who bears the burden of a tax and how does elasticity relate to this question?

14. What is a positive externality and how does the market respond when there are positive externalities? Does the government need to subsidize these porducts with positive externalities?

15. What is a negative externality and what should the government do to deal with that sort of problem?

16. How does the free rider effect impact the availability of a public good?

17. How does the law of marginal diminishing utility impact the utility you receive from each additional unit of consumption of a given item?

18. How do you calculate elasticity?

19. What role does profit play in motivating entrepreneurs?

20. What should a price taker do if marginal revenue exceeds marginal costs?

21. Are price takers more efficient than price searchers?

22. What role do barriers to entry have with regards to economic profits?

23. What is the profit maximizing and loss minimizing solution for businesses not engaging in price discrimination?

24.What is the profit maximizing rule for a monopolist?

25. How does collusion impact the performance of an oligopolistically structured enterprise?

26. Why do economists oppose tariffs?

27. What factor creates a natural monopoly?

28. How would you expect an attractive and prestigious job to be compensated and what would an economist tell you?

29. Does everybody win with free trade?

30. What does a competitive capital market do to the value of resources?

31. What is the opportunity cost of attending an economics class?

32. What is the definition of economic efficiency?

33. How does price relate to marginal value and total value? What is the paradox of diamonds and water?

34. What is the law of diminishing returns and how does it relate to costs?

35. What are the characteristics of a monopolistically competitive firm?

36.What are the characteristics of a monopoly?

37. What are the characteristics of an oligopoly?

38. Work with a supply and demand chart to explain a supply shock.

39. Work with a supply and demand chart to explain a preference change.

40. If you produce pollution, how would economist evaluate your price and output?

Reference no: EM131326325

Questions Cloud

Summarize the main points of the discussion : Summarize the main points of the discussion. Prepare a position on this summary; that is, do you agree or disagree with the findings of the authors (provide supporting evidence by way of cited references)
Discuss how a nurses previous abusive relationships affect : Discuss how a nurse's previous abusive relationships might negatively or positively affect his or her practice with victims of domestic violence. Support your answer with literature.
Economy in terms of output levels : Using an IS-LM model, under a flexible exchange rate regime, show how the domestic economy reacts to a decrease in foreign income. Is there a real response in the economy in terms of output levels?
Improve the quality of life in developing countries : Determine two (2) ways to apply what you learned in this course in your current or a future position. Create a list of three (3) best practices to follow that would improve the quality of life in developing countries
Bill gates face the problem of scarcity : 1. What is opportunity cost and what does it mean? 2. What are the eight guideposts to economic thinking and how to incentives fit into thinking like an economist? 3. What role does scarcity play in economic thought? Does Bill Gates face the problem ..
Develop a chart comparing and contrasting the skills : Create a chart comparing and contrasting the skills and techniques of a manager in MNC vs. a manager in an organization that does not have a global presence.
Describe the public nutrition program : Traditionally, nutrition programs were targeted to the indigent and poor populations in developing countries. Many of today's Americans are malnourished also, but they are inundated with unhealthy foods and require a multidisciplinary approach to ..
What is the real exchange rate : In the United Stats, a three-pound can of coffee costs $5. If the exchange rate is 0.6 euros per dollar and three-pound can of coffee in Belgium costs t 4 euros. What is the real exchange rate?
Discuss these ideas in relation to don quixote : In an essay of 4 pages, double-space, 12pt ., discuss these ideas in relation to Don Quixote; and either Candide, or Notes from Underground, focusing especially on how these readings offer examples that confirm or belie Descartes' theories

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!

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