Week 1 Complete Work
ECO 365 Week 1 Article Analysis Paper Final Draft
Childhood food consumption patterns have been changing over the last three decades with the result that that most children are faced with obesity than ever before. The shift from food from home lunches to restaurant foods and fast food lunches, or junk food, is a major contributory
factor. For most parents it is easier for them to give their children money to buy food than to prepare lunches at home. The two-parent working family means that there is little time for the parents to prepare for work and organize packed lunches for their offspring. Fast foods and
restaurant meals tend to contain high levels of saturated fats, cholesterol and additives that exceed the recommended averages for a healthy life (St-Onge et al., 2003). In addition, the children prefer sodas and other beverages that contain lot of sugar and ultimately increase the level of
energy intake per day. Inadequate exercise and buildup of fatty deposits in the body lead to the obesity and in later on in life, such people become prone to diabetics.
Week 1 DQ 1
What is economics? What role does economics play in your personal and organizations decisions? Give an example of the role of economics in decision making.
Week 1 DQ 2
What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply
and demand in decision making.
Week 1 DQ 3
What is the definition of price elasticity of demand? Explain the relationship between price elasticity and total revenue? How does price elasticity of demand affect a firm’s pricing decisions? How does the availability of substitutes affect price elasticity of demand? Provide examples.
ECO 365 Week 2 Complete Work
ECO 365 Week 2 IA Supply & Demand Simulation
A number of factors, including price increases or decreases, cause changes in supply and demand. An incremental decrease in the rental price led to a huge increase in the demand for houses. Similarly, an increase in the rental price of two roomed apartments caused a decrease in the demand
of houses by a significant margin. Suppliers were willing to supply more houses at higher prices and fewer ones at reduced rents (McDowell et al., 2006).
ECO 365 Week 2 LT Organization Industry Overview
Introduction
For many years, people across the United States has sought out ways in which to make money, and at the same time, provide for people a place where they can go and buy the necessities they need. Entrepreneurs from across theUnited Stateshad ideas that seemed logical, but in actuality
were not. Stores, business, and companies have been built, only to last for a short time. Not every store or business built has been successful.
Week 2 DQ 1
What is average productivity? What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the production process?
Week 2DQ 2
What is the law of diminishing marginal productivity? Give an example from your workplace of the law of diminishing marginal productivity? Might diminishing marginal productivity impact the costs?
Week 2 DQ 3
Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
ECO 365 Week 3 Complete Work
ECO 365 Week 3 LT Current Market Conditions Paper
In a society that has seen such a drastic downturn in the economy, people are searching for the best possible bargains they can find. People across theUnited Statesare looking for ways to save money; thus, searching for stores that will provide them with everything they need at a lower
cost. Companies all over theUnited Statesare fighting to stay competitive and are seeking ways to restructure their company and still provide for consumers the best possible prices. Companies such as Wal-Mart do not have to change their structure to fit the demands of consumers because
it already offers its customers brand name items at lower prices. Wal-Mart’s basic structure has helped make it a powerful retail business, and a place consumer’s love.
Week 3 DQ 1
What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these
market structures? Identify which market structure your organization competes in and why you think so.
Week 3 DQ 2
What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? How could you graphically illustrate economic profits made by a perfectly competitive firm; monopolist; and firm competing in a monopolistic competitive
market?
Week 3 DQ 3
What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing level of output? Explain your answer.
ECO 365 Week 1 Article Analysis Paper Final Draft
Childhood food consumption patterns have been changing over the last three decades with the result that that most children are faced with obesity than ever before. The shift from food from home lunches to restaurant foods and fast food lunches, or junk food, is a major contributory
factor. For most parents it is easier for them to give their children money to buy food than to prepare lunches at home. The two-parent working family means that there is little time for the parents to prepare for work and organize packed lunches for their offspring. Fast foods and
restaurant meals tend to contain high levels of saturated fats, cholesterol and additives that exceed the recommended averages for a healthy life (St-Onge et al., 2003). In addition, the children prefer sodas and other beverages that contain lot of sugar and ultimately increase the level of
energy intake per day. Inadequate exercise and buildup of fatty deposits in the body lead to the obesity and in later on in life, such people become prone to diabetics.
Week 1 DQ 1
What is economics? What role does economics play in your personal and organizations decisions? Give an example of the role of economics in decision making.
Week 1 DQ 2
What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply
and demand in decision making.
Week 1 DQ 3
What is the definition of price elasticity of demand? Explain the relationship between price elasticity and total revenue? How does price elasticity of demand affect a firm’s pricing decisions? How does the availability of substitutes affect price elasticity of demand? Provide examples.
ECO 365 Week 2 Complete Work
ECO 365 Week 2 IA Supply & Demand Simulation
A number of factors, including price increases or decreases, cause changes in supply and demand. An incremental decrease in the rental price led to a huge increase in the demand for houses. Similarly, an increase in the rental price of two roomed apartments caused a decrease in the demand
of houses by a significant margin. Suppliers were willing to supply more houses at higher prices and fewer ones at reduced rents (McDowell et al., 2006).
ECO 365 Week 2 LT Organization Industry Overview
Introduction
For many years, people across the United States has sought out ways in which to make money, and at the same time, provide for people a place where they can go and buy the necessities they need. Entrepreneurs from across theUnited Stateshad ideas that seemed logical, but in actuality
were not. Stores, business, and companies have been built, only to last for a short time. Not every store or business built has been successful.
Week 2 DQ 1
What is average productivity? What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the production process?
Week 2DQ 2
What is the law of diminishing marginal productivity? Give an example from your workplace of the law of diminishing marginal productivity? Might diminishing marginal productivity impact the costs?
Week 2 DQ 3
Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
ECO 365 Week 3 Complete Work
ECO 365 Week 3 LT Current Market Conditions Paper
In a society that has seen such a drastic downturn in the economy, people are searching for the best possible bargains they can find. People across theUnited Statesare looking for ways to save money; thus, searching for stores that will provide them with everything they need at a lower
cost. Companies all over theUnited Statesare fighting to stay competitive and are seeking ways to restructure their company and still provide for consumers the best possible prices. Companies such as Wal-Mart do not have to change their structure to fit the demands of consumers because
it already offers its customers brand name items at lower prices. Wal-Mart’s basic structure has helped make it a powerful retail business, and a place consumer’s love.
Week 3 DQ 1
What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these
market structures? Identify which market structure your organization competes in and why you think so.
Week 3 DQ 2
What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? How could you graphically illustrate economic profits made by a perfectly competitive firm; monopolist; and firm competing in a monopolistic competitive
market?
Week 3 DQ 3
What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing level of output? Explain your answer.
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