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Writing Assignment Rubric: Thinking Like an Entrepreneur
Top Scores (A-B) - The top scoring students will do the following:
A company needs a new car and has the following options: (1) purchase the car cash or (2) lease the car. They are expecting to use the car for 2 years. If car is purchased for cash: Cost new, $28,000 • Factory rebate available immediately, $4000, Sal..
Consider the problem of the apple farmer. In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed u..
For a perfectly competitive firm in the short run, are there situations where a company remains in the market even if it cannot cover its average total cost per unit at a particular output level? Explain. What would be the deciding factor in forcing ..
The market demand is given by P=260-0.002*Q. The monopolist's costs are described by TC=8,000,000+2Q. Calculate the profit-maximizing quantity.
Show the relationship between total benefits and total costs when a market economy is in general equilibrium. What is meant by "general equilibrium" and how is it different from "partial equilibrium"?
Heterogeneous consumers. A monopolist offers a single price to two consumers with the following demand functions: p1(q1) = 120 − q1 p2(q2) = 45 − 1 2 q2. The firm experiences a constant marginal cost of production, c = 10. Graph aggregate demand, mar..
Discuss an increase in the personal income tax will slow the growth rate of the economy.
The market supply of labor is always upward sloping, but an individual’s labor supply curve may not be upward sloping throughout its entire range. Both the market supply of labor and the individual’s supply will both be upward sloping.
A fund manager is considering investing in stock of a healthprovider. The manager's assessment of probabilities for rates of return of this stock overthe next year is summarized in the accompanying table. Let A be the event “Rate of returnwill be mor..
If government industry regulators underestimate the degree of competition in an industry are they likely to over-regulate the industry? Explain.
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. how many bro..
WidgetsRUs is deciding on a widget production schedule for the next three days. They currently have 0 widgets in inventory and they are looking to satisfy a demand of 100 widgets at the end of day 3. Worker 1 is scheduled to work on days 1 and 2 and ..
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