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Microeconomics Discussion
1) Explain how demand, supply, and prices act as incentives that lead the market to equilibrium.
2) Find an example of market equilibrium or disequilibrium in recent news. Use reliable and well-known media sources. Provide the link to the article.
3) Summarize and analyze your example demonstrating that you can apply at least two concepts learned in our study of Microeconomics.
Define economic growth. What information is needed in order to calculate/measure economic growth for a given country?
If the goal of the firm is both short- and long-run profit maximization, Discuss goals a firm might have which seem to not agree with profit maximization. are these goals consistent with profit maximization?why or why not?
Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida oranges under the conditions below. What are your predictions? A major freeze destroys ..
Determine the impact on each of the following if 2 million formerly unemployed workers decide to return to school full time and stop looking for work:
An important way to reduce water pollution from farms is to plant a buffer zone of bushes between crops and the water. Economists estimate that for each bush planted there is a $20 gain in reduced pollution. Market supply and demand curve for the bus..
Identify two failed products and discuss the reasons that led to the products' failure. Or you may contrast the failed products with two from similar categories that were successful and try to figure out why they were the winners.
Travelers driving through Gotham city can use a freeway or cross town toll way to get thru the city. The toll way charges $1.00 per car during the morning rush (6-9AM) and the afternoon rush (4-7PM) and the toll is $0.40 at other times. What are the ..
A decrease in the price level will
q1. when you were a child living at home your parents or guardians paid for the food utilities and clothes that you
Examine an adverse selection problem Wells Fargo is facing and recommend how it should minimize its negative impact on transactions.
Define access to healthcare and how it may be measured? Why does the lack of access to healthcare equate to just not having health insurance, or are there other factors? Why the shift from inpatient services, to outpatient services? What are the driv..
Bee keepers in your state have been complaining that the cherry orchard owners are killing bees when they spray cherry trees for pests. you estimate that the private marginal benefit your residents enjoy from cherry consumption is PMB=306-4Q and the ..
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