Using a supply and demand graph, show how the incidence of a tax levied on sellers/suppliers of $30 per unit sold is, at least partially, paid by buyer/consumers. https://www.economicshelp.org/concepts/tax-incidence/ If the same tax were levied on buyers rather than sellers in this market, how would the incidence of the tax change? How much of the […]

 How does Peter Drucker define profit? Define the term “cash basis accounting”. Define the “matching principle” Describe the delivery company that purchased a truck in January and how it applies to the matching principle. Explain why the Income Statement does not account for the inflows and outflows of cash. Define the purpose of the Income […]

Evaluate different aspects of the broad external environment of Netflix and the strength of the competitive forces in its major business. 

Find the equilibrium price, quantity, and revenue in a market characterized by the following information:   Qd = 5000 – 20P [demand curve] Qs = 30P [supply curve)   Question 2. [10 points] Predict the direction of change (rise or fall) in the equilibrium price and quantity in the market for gasoline this week if […]

Choose an article published in the last two weeks in one of these three resources (Wall Street Journal, Business Week, Economist). Discuss how the article relates to one or more of the Ten Basic Principles of Economics:   People Face Trade-offs The Cost of Something Is What You Give Up to Get it Rational People […]

Laws and Medicine Safety Discussion   http://www.criticalcommons.org/Members/Ghent/clips/unintended_consequences.mp4/view (Links to an external site.)   Watch the above video. Once you have done this click on the above link “Unintended Consequences” and create a thread with at least two paragraphs containing the following:   Describe how helmet laws and medicine safety caps could follow the adage “good […]

A Forbes article suggested, “… the yield curve is a key measure among many that could point to economic distress…. the significance of an inverted yield curve in predicting recession cannot be ruled out…”.   https://www.forbes.com/sites/greatspeculations/2019/10/02/inverted-yield-curve-suggesting-recession-around-the-corner/#6be221792345   Search the internet and answer the following questions:   What is an inverted yield curve and how does […]

write three, separate, 400 word essays that address the following concepts. Be sure to discuss the concepts themselves as well as the relationship between the concepts.  You will want to include graphs, diagrams and figures to help illustrate key concepts.   Please be sure to use other sources of information as needed. It is very […]

develop a paper in which you select an industry that interests you, describe that industry, and explain how government might impact the industry. A paper template is provided below for this assignment.   Use the Week 5 Microeconomic Paper Template [DOCX] to help you get started (optional). INSTRUCTIONS   Review your chapter readings and use […]

Tauriel, Gandalf and Bilbo are firms involved in the production and sale of high quality spare parts for vehicles; the following are draft financial statements: Statement of financial position as at 31st December 2021.       Tauriel   Gandalf   Bilbo       £’000   £’000   £’000   Assets       […]