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Select as a case study any global economic event or events currently or recently covered in the news media and write a critical essay applying the concept points covered in any module (or modules) of the course.
The thesis or point of each student essay will be to evaluate alternative propositions for economic choice by one or more individuals, firms, organizations, or governments applying one or more of the economic theories provided in the course.
Students should use and cite at least four published sources to support their positions and analyses in addition to citing at least one discussion of economic theory in the Carbaugh textbook. At least two of the sources should be written by economists (they can be writing in news media or academic journals), and at least two of the sources should present arguments or perspectives that differ from or oppose each other.
Dr. Susie Wang is president of a subsidiary of the world's largest concrete machine manufacturer (REESE, Inc.). Her job is to organize and operate a newly formed global business consulting company (Concrete Network Services, i.e., CNS)
Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum, how much would it hurt all the other fishermen (combined) if one more person started fishing?
a. Why is the soft drink industry so profitable during the years in this case b. Update the profitability what has happened to Coke and Pepsi in the last five years c. Coke and Pepsi have been the dominant players in this market. Today, what market..
A firm sells in a competitive market in which price is $10. Its marginal cost is 2 + .5Q. Find out the profit-maximizing level of output.
What is the Exy and what does that number mean and what is the relationship between these two goods - What would happen to total revenue with the price reduction
In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot 'see' the demand curve. Explain how a monopolist might set prices, even without having explicit knowledge of the shape of th..
JG Asset Services is recommending that you invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?
Consider the firms short run decision to hire workers. Suppose that a firm produces goods for sale in the perfectly competitive market. labor markets are competitive as well.
List the four major areas (audience analysis; objectives and budget; issues; and research) and explain how an organization designs a program around these four influences.
Which of the following is a characteristic of both monopolistic competition and perfect competition?
Barry, a recent engineering graduate, never took engineering economics. When he graduated, he was hired by a prominent architectural firm. The earnings from this job allowed him to deposit $750 each quarter into a savings account.
Ronald Coase points out that a market failure does not arise simply because people ignore the external cost of their action. What other condition is necessary What did Coase consider to be the efficient solution to a negative externality
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