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Question: There are four essay questions for this final examination. Answers of at a least a full page are required for each and are to be presented in APA format. All opinion must be clearly supported by material covered in the course or in additional scholarly articles of your choice.
1. Construct a tutorial that shows users of it how to apply marginal cost and marginal revenue concepts to business operations with the goal of maximized profitability.
2. A public park in your area has become badly polluted by trash that users of it leave behind. What economic concept describes this? How can economic incentives be used to significantly reduce the problem?
3. Suppose that all countries remove restrictions on monopolies. What are the potential economic advantages of this? What are the potential disadvantages?
4. The Trump administration has asked you to develop a new trade agreement between the U.S. and Asian countries. In order to maximize economic benefits to all parties, what features would you include?
Determine to the extent possible the relative market shares of these firms. Discuss the degree of concentration in the industry using CR4, other n-firm concentration ratios, H-H indices, etc.
Jordan is a 14 year old middle school student, weighing 275 pounds and is 5'6" tall. Over the past 2 years. What would you include in your initial assessment data based on the scenario provided?
identify and define the three categories of compensation arrangements. give examples of specific arrangements in each
1. You have made the decision to pursue higher education. Describe the economist's view of how a decision like that is made. Using marginal analysis, make sure you evaluate the "rationality" of the decision and explain why the following statement is ..
1. Explain, using managerial economics, why sports economists believe ticket prices are too LOW. No more than 75 words, please. You can do an excellent job with 40 - 50 words if you are concise.
Select at least five (5) economic concepts covered in the first four (4) weeks' readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and suppl..
management has recognized the effect of changes in the real-world competitive environment and government policies on
Robo-mower will only cut grass within its programmed area and it will avoid flower beds, rocks, sidewalks, etc., while you sit in the hammock, enjoying the summer! An emergency "cut-off" switch brings it to a full stop in one-quarter of a second.
Compute CS ,PS and the deadweight lossD)if firm 1 and 2 leaders and 3 follower (Stackelberg),What are the quantity choices for all three firms?
what is economics? please respond to the followingbullidentify a recent purchase that you made and determine how
Some of the Tennessee Valley Authority’s electricity generating plants are powered by coal purchased via a separate TVA procurement division. Power plant managers often complain that the coal is below grade and causes problems with plant maintenance ..
Why is productivity related to the standard of living In your answer be sure to explain what productivity an standard of living mean. Make a list of things that determine labor productivity.
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