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e. On the topic of Economic growth: i. What does it mean? ii. How can it be graphically represented? iii. What are the prerequisites to Economic growth? iv. Why is Economic growth important? v. What factors tend to limit growth?
f. The Presentville – Futureville case: 1. Explain what motivates each group to make decisions. 2. Explain the impact of those decisions on the future of each group. 3. Explain the relevance of this case for the U.S. Economy. 4. What does this case teach you?
g. Law of increasing opportunity cost: 1. What does it tell us? 2. How could it be explained graphically?
h. Explain how you could use the Production Possibility Model to represent the US Economy during 2008 – 2010.
A supermarket expects to sell 5000 boxes of rice in a year. Each box costs $2, and there is a fixed delivery charge of $50 per order. If it costs $2 to store a box for a year, what is the order size and how many times a year should the orders be plac..
Aqua Springs makes the following four statements about bottled spring water. Which statement best describes the? firm's quantity supplied in the bottled water? market?
Discuss the relationship between innovation and a balanced strategic planning approach. Incorporate references to your work experience where appropriate. Justify your perspective.?
The demand curve for videos has shifted to the right. Illustrate what could have caused it.
Given that a central bank is deemed a necessity in a free market economy should we leave it as it is or place more legislative controls?
Line, color, hue, balance, form and perspective were some of the key concepts covered in this week’s tutorial. Use the example of a painting by Peter Paul Rubens and discuss how one or more of this week’s key concepts are featured in the painting. Id..
Many U.S consumers want their meals in a hurry, but with more service and higher quality food than in traditional fast food restaurants. The result has been the rise of fast casual restaurant chains, such as Daphne’s Greek Café, Boston Market, and pa..
What is protectionism? Explain what trade protectionism is, example: health and safety regulation. What are the argument favor of trade protectionism and what are some opposite or drawback of this.
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $75,000 and her store made $130,000 in profits (not counting payment to her top manager). She suspected t..
How do concepts of dharma, karma, and samsara shape the social order in Hindu societies? What do these concepts have to do with the ideology of the caste/varna system?
Yolanda runs a bulldog farm and when she employed one person, she produced 1,000 bullfrogs a week. Construct Yolanda's total variable cost and total cost schedules. Illustrate what is Yolanda's total fixed cost.
The following figure shows the intersection of demand and supply at the price P2 and quantity Q2 in a competitive market. What is the producer surplus at the equilibrium level of output?
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