Order InstructionsQuestion1 Next time you are shopping at the supermarket (or imagine you are there), what is a good example of a good that is sold in an oligopoly market? What is the good? What are the major manufacturers (be sure to turn the package over so you are now confusing brand names with the […]

Order Instructions Week 10 Discussion This week’s Discussion Board topic concerns the market for…Trash. Your assignment is to thoroughly answer Discussion Question #2 located at the end of the Chapter 28 entitled, “The Death of Recycling” in Miller, Benjamin, and North. Remember to rely on economic theory when posting your responses, and don’t forget to […]

Questions for in-class exam #2   1. MITI, during the 1960s-1980s, promoted the scrapping of existing industries once those industries encountered problems and building of new industries.  What were the problems that led to curbing:   a. Light manufacturing in the 1950s and early 60s b. Heavy industry in the early 1970s. c. Machinery, auto, […]

Order Instructions For this discussion, your focus will be to think through what asymmetric information, moral hazard, and adverse selection have to do with hiring a police officer. Instructions Consider the following statement: • Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely […]

Order Instructions Wrapup 5 Fall 2021 Note that there are 3 quesions.   1. First, go back to the Study Plan for “Monopoly” and review the section on Monopoly and Antitrust Policy.   Then based on the following case study, what would you recommend as the best policy: should this merger be allowed? (note, you […]

Order Instructions Week 9 Discussion   This week’s Discussion Board topic concerns how price discrimination can increase a monopolist’s profit (relative to being a single-price monopoly). For your own edification, pay special attention to how colleges and universities price discriminate. Your assignment is to thoroughly answer Discussion Questions #2 & #6 located at the end […]

Order Instructions Why Do Gas Prices Fluctuate? Gas was selling for $3.95/Gallon on Labor Day Weekend of 2012. At election time (November 2012), the price was $3.15/Gallon. Now, it is selling at $1.75/Gallon. What causes increases and decreases in the price of gasoline? Use Supply and Demand curves to illustrate your arguments.  

Order Instructions Instructions(SHERRY)WEEK2 For Term Paper #1 I’d like you to explore the concept of division of labor. Please make sure to address the following questions:   How important is the division of labor to a capitalist economy?   How does the division of labor lead to more efficient production?   What are some examples […]

Order Instructions Instructions(GERRICA) WEEK6 For term paper #2, you are required to pick a current (“hot”, widely discussed) economic event that relates to the material (topic) we have covered or will cover in this course.     This paper has to show your ability to apply the concepts you have learned in this class to […]

Order Instructions Context The idea that transactions in a marketplace work like an invisible hand is to some extent the idea that when a person chooses to buy an item at a given price, they are happy with the deal. There is no coercion. If the person really does not like the deal, they simply […]