Service market or a specific labor market

Assignment Help Business Economics
Reference no: EM131405433

Answer all parts of it - must be at least 500 words minimum.

Give an example of market that you buy or work in. How does the market work? who is the buyer? Who is the seller in this market? How many buyers are there? How many sellers? What is the product and/or service that is being sold? How are the prices set in the market? How is the quality/service set? Are there innovations here, how do they happen? In your market, is there a surplus, shortage or Equilibrium, most of the time? When (if ever) does the market come to Equilibrium? How do you know when there is Equilibrium?

Pick ONLY one Market - either a product and/or service market or a specific Labor Market that you can talk about. Be specific on the above questions about your market.

Reference no: EM131405433

Questions Cloud

Could resident of city be said to be significantly different : In a two-tail test at the 0.05 level, could the residents of this city be said to be significantly different from their counterparts across the nation?
What are the factors that change the exchange rate : What is a mortgage? Provide the history of mortgages before and after the Great Depression? What are the factors that change the exchange rate?
Are property rights being violated in this case : Assume that in a remote but beautiful valley, a chicken farm is located next to a hotel.  There are no other businesses or residences in the valley. Unfortunately for the hotel, the chicken farm produces an extremely noxious odor. Due to this odor..
Is the agents suspicion confirmed : Assuming the population is approximately normally distributed, and using the 0.05 level of significance, is the agent's suspicion confirmed?
Service market or a specific labor market : Pick ONLY one Market - either a product and/or service market or a specific Labor Market that you can talk about. Be specific on the above questions about your market.
Determine the current value of your total investment : Determine the current value of your total investment. Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company.
Industrialization during the antebellum period : The Northeast experienced extensive industrialization during the antebellum period whereas the South did not. One explanation of these distinct regional patterns focuses on regional differences in agricultural productivity. Please provide a detail..
Analyze the change from the current and prior years : Briefly describe the change from the current and prior years in each of these key areas and determine if the changes would be positive or negative from an investor / stockholder's view.
Determine solutions to mitigate particular externalities : Identify and discuss three (3) externalities, which can either be positive or negative. Conclude why an externality might exist in the situation that you described, and determine the solutions to mitigate these particular externalities.

Reviews

Write a Review

Business Economics Questions & Answers

  Implicit prices and economies of scale of secondary memory

Please read Anderson and Chen's article, "Implicit Prices and Economies of Scale of Secondary Memory: The Case of Disk Drives," and provide your thoughts and opinions on the article in 500 words. Include in-text citations and use at least two additio..

  Temporary increase and decrease in technology

Explain how it can be analytically sensible to have a temporary increase/decrease in technology. Explain under which conditions/assumptions this would be very difficult to assert.

  The anova table is used to test the null hypothesis

The ANOVA table is used to test the null hypothesis that all regression coefficients (excluding the intercept term) are equal to zero against the alternative hypothesis that at least one is different from zero. This test is known as the F test for re..

  Business cycle in government and private sector decisions

In this discussion, you will explain the role of the business cycle in government and private sector decisions. Data on GDP and economic growth are considered lagging indicators because they report information on what is already known. Should wages a..

  What are excess cash reserves

Although the central banker didn't say so, this may ultimately compel him to resort increasingly to managing the money supply by managing banks' excess cash reserves-the stuff from which banks create loans. What are excess cash reserves?  Why are the..

  Required to maintain quantity demanded for chicken biscuits

The demand curve for chicken biscuits is estimated to be: Ln (Q xd) = 100 - .75 ln (Px) - 4 n (Py) + 1.5 ln (M) Where x represents chicken biscuits, y represents chocolate milk and M represents income. If income drops by 2%, holding constant the pric..

  A commercial banks reserve assets consist

A commercial bank's reserve assets consist of...

  What is toms reservation wage

Tom gains utility from consumption C and leisure L. The most leisure she can consume in any given week is 112 hours. His wage is $20. His utility function is U(C,L) = C^3/4*L^1/4. Tom receives 640 each week from her great-grandmother. What is the mar..

  Industrys profit maximizing output level

Illustrate what is the industry's profit maximizing output level. Is the organization in long-run equilibrium.

  Discuss a decision made by your chosen company that involve

Discuss a decision made by your chosen company that involved costs that should have been ignored. why did the company include these costs in their decision process.

  Estimates for a proposed small public facility

Estimates for a proposed small public facility are as follows: Plan A has a first cost of $50,000, a life of 25 years, a $5,000 market value, and annual maintenance expenses of $1,200.

  Useful in explaining changes in the inflation rate

Suppose that during one period, the velocity of money (V) is constant and during another period, it undergoes large fluctuations. During which period will the quantity theory of money be more useful in explaining changes in the inflation rate? Briefl..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd