Reference no: EM132844517
Assignment: Unit I introduced the benefits of markets to improving outcomes for producers and consumers. Unit II examined the role of costs and prices in decision-making. For this assignment, you will answer a series of questions in the form of an essay.
Support your answers with research from at least three peer-reviewed journal articles using the CSU Online Library (or other sources).
Research elasticity information for two particular goods: one with an elastic demand and one with an inelastic demand. Using elasticity information you gather, predict changes in demand. The United States Department of Agriculture website has a good resource to help with this.
Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions.
Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade.
Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole. In your evaluation, contrast the deontology and consequentialism approaches to ethics.
Your essay must be at least three pages in length (not counting the title and references pages) and include at least three peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed.
If you need help identifying peer-reviewed publications, review the CSU Online Library resources Peer-Reviewed Resources and video How to Find Peer-Reviewed Resources ( Transcript for Peer-Reviewed Resources video).
How oil price fluctuations can affect industries in canada
: If you recall we faced fluctuations in oil prices all around the world during the pandemic; an international unprecedented downfall during the first 5 months.
|
Find percentage of women having ectopic pregnancies
: If 32 percent of women of childbearing age are smokers, what percentage of women having ectopic pregnancies are smokers?
|
Calculate the net profit margin
: Calculate the net profit margin (percentage) and gross profit margin (percentage). Briefly explain the meaning of these two measures
|
Explain system specific policy
: Explain System Specific Policy (SysSP) in detail with examples.
|
How marginal analysis leads to better pricing decisions
: Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions. Explain the importance of opportunity costs to decision-making.
|
Determine the amount of depreciation expense
: ABC Corp. has been depreciating its production equipment on straight-line basis over 10 years, Determine the amount of depreciation expense
|
What is the trend in the unemployment rate
: After completing reading about employment/unemployment, discuss briefly about the questions listed below. And provide concrete examples of each question.
|
What was the cash in-flow from the sale of equipment
: Depreciation expense $1,100, Loss on sale of equipment 3,100, Beginning balance, equipment $12,500. What was the cash in-flow from the sale of equipment
|
How the economy responded to the shocks
: Compare and contrast the Great Recession and Covid-19 Pandemic crisis using the short-run model we learned. Discuss the specific shocks that affected.
|