ECO 561 Final Exam Answer - Assignment E Help
ECO 561 Final Exam Answer - Assignment E Help
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ECO 561 Week 1 DQ 1 | ECO 561 Week 1 DQ 2 | ECO 561 Week 1 DQ 3 | ECO 561
Week 1 DQ 4 | ECO 561 Week 1 Quiz or Knowledge Check
DQ1.Distinguish between explicit and implicit costs, and between normal and
economic profits.
DQ2.Briefly (in a few words) state the basic characteristics of pure competition,
pure monopoly, monopolistic competition, and oligopoly. Under which of these
market classifications does each of the following most accurately fit? (a) a
supermarket in your hometown; (b) the steel industry; (c) a Kansas wheat farm;
(d) the commercial bank in which you or your family has an account; (e) the
automobile industry. In each case justify your classification.
DQ3.Why do you think the resource demand curve slopes downward? What are
some determinants of resource demand?
Individual Assignment - Week Two Knowledge Check
Complete the Week Two Knowledge Check
Individual Assignment - Market Equilibration Process Paper
Equilibration is the process of moving between two equilibrium points as a result
of some change in supply or demand. Understanding how market equilibrium is
sought following such a change is essential for business managers. It is
important to understand how economic principles, and specifically supply,
demand, and their determents are a part of your everyday business decisions.
Write a paper, or create a PowerPoint presentation using a real world experience
in a free market (not government regulated) to describe a change that occurred in
supply or demand as a result of world events that led to the need for a move
between two equilibrium states. Explain the process of how that movement
occurred using behaviors of consumers and suppliers. Graph the movement
between the two
points as well.
Required Elements:
Include academic research to support your ideas
Consider the Law of demand and the determinants of demand
Consider the Law of supply and the determinants of supply
Describe Efficient markets theory
Explain Surplus and shortage
Deliver the content in no more than a 700-word paper, OR 7- to 10- slide
Microsoft PowerPoint presentation (Please choose one of these choices, not
both)
ECO 561 Week 2 DQ 1 | ECO 561 Week 2 DQ 2 | ECO 561 Week 2 DQ 3 | ECO 561
Week 2 Market Equilibration Process Paper | ECO 561 Week 2 Quiz or Knowledge
Check
ECO 561 Week 3 DQ 1 | ECO 561 Week 3 DQ 2 | ECO 561 Week 3 Quiz or
Knowledge Check
week six.
Select a new, realistic good or service for an existing industry.
Write the economic analysis section of a business proposal. This will include
statements about the market structure and the elasticity of demand for the good
or service, based on text book principles. You need to create hypothetical data,
based on similar real world products to estimate fixed and variable costs.
Required Elements:
Identify market structure
Identify elasticity of the product
Include rationale for the following questions:
How will pricing relate to elasticity of your product?
How will changes in the quantity supplied as a result of your pricing decisions
affect marginal cost and marginal revenue?
Besides your pricing decisions, what are your suggested nonpricing strategies?
What nonpricing strategies will you use to increase barriers to entry?
How could changes in your business operations alter the mix of fixed and
variable costs in line with your strategy?
No more than 1400 words
Your proposal is consistent with APA guidelines
Click the Assignment Files tab to submit your assignment
Individual Assignment - Week Four Knowledge Check
Complete the Week Four Knowledge Check.
ECO 561 Week 4 Business Proposal | ECO 561 Week 4 Quiz or Knowledge Check
ECO 561 Week 5 DQ 1 | ECO 561 Week 5 DQ 2 | ECO 561 Week 5 DQ 3 | ECO 561
Week 5 DQ 4 | ECO 561 Week 5 Peer Review | ECO 561 Week 5 Quiz or Knowledge
Check
ECO 561 Week 6 DQ 1 | ECO 561 Week 6 DQ 2 | ECO 561 Week 6 Final Proposal |
ECO 561 Week 6 Quiz or Knowledge Check | ECO 561 Week 6 Final Exam