Reference no: EM13887661
Write a 1,050- to 1,400-word paper summarizing the content of a simulation or video.
Use one of the following as a reference source:
Complete the Supply and Demand Simulation located on the student website.
-OR-
Watch the Khan Academy Video "Changes in Market Equilibrium" located in the Week 1 Khan Academy Videos.
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.
Includeresponses 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?
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Compare the after tax cost of the two endowment options
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How much higher will per capita gdp be
: GDP in an economy is growing at 3% a year in real terms. Population is constant. The government decides to allow a signi?cant increase in immigration so that the population (and the workforce) start to grow by 1% a year.
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Determine the effect on the amount of each deduction
: Mr. and Mrs. Remy have the following allowable itemized deductions this year: Medical expenses…$2,310 State and local taxes…4,019 Casualty loss…8,000 Charitable contributions…2,500 Miscellaneous itemized deductions…337 Determine the effect on the amo..
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How much output growth is explained by capital accumulation
: The United States is one of the richest nations in the world and bene?ts from high lev- els of TFP. What features of U.S. society do you think can explain this?
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Complete the supply and demand simulation located
: Complete the Supply and Demand Simulation located on the student website
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Wave function changes phase
: Solve for the exact t111 (t), usi ng Equation 9.82, and show that the wave function changes phase, bu t no transitions occur. Find the phase change, (T) , in tenns of the function Vo(t).
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Compute ms queens agi
: Ms. Queen, age 21, is a full-time college student with an athletic scholarship that provides the following annual benefits: Tuition payment ...$12,800 Fees and books ...3,500 Room and board ...10,000 Ms. Queen works in the athletic department as a tr..
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What is gdp
: What is GDP? Suppose consumption increases by 10% but output only rises by 5%. Invest- ment and government spending both increase by 3%. What happens to the gap between ex- ports and imports?
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Spontaneous emission dominates for frequencies
: Show that at room temperature ( T = 300 K) thermal stimulation dominates for frequencies well below 5 x 1012 Hz, whereas spontaneous emission dominates for frequencies well above 5 x 1012 Hz. Which mechanism dominates for visible light?
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