Explain what you learned, and apply it to something current in the microeconomic climate that you believe is important. Include references and citations.

Understanding Elasticity Watch videos on the following Khan Academy Page: https://www.khanacademy.org/economics-finance-domain/microeconomics/elasticity-tutorial Then, identify two areas that you feel the site and videos helped you understand more thoroughly. In a two-page paper APA formatted paper, explain what you learned, and apply it to something current in the microeconomic climate that you believe is important. Include references […]

Write the report as if you were a company or industry consultants considering the establishment/maintenance of price, quantity produced or sold, or a change in price or quantity.

Elasticity in microeconomics. Your research paper topic will cover a specific area that relates to elasticity in microeconomics. The topic should be chosen in consultation with the professor. Write the report as if you were a company or industry consultants considering the establishment/maintenance of price, quantity produced or sold, or a change in price or […]

Write the report as if you were a company or industry consultants considering the establishment/maintenance of price, quantity produced or sold, or a change in price or quantity.

Elasticity in microeconomics. Your research paper topic will cover a specific area that relates to elasticity in microeconomics. The topic should be chosen in consultation with the professor. Write the report as if you were a company or industry consultants considering the establishment/maintenance of price, quantity produced or sold, or a change in price or […]

The finance Ministry is concerned about increasing oil prices which affects the country as a net importer of oil. Using your microeconomics knowledge analyse the nature of the oil industry. Additionally, determine if OPEC is a successful or well-functioning cartel that is able to influence oil pric- es.? 30%

Microeconomics The finance Ministry is concerned about increasing oil prices which affects the country as a net importer of oil. Using your microeconomics knowledge analyse the nature of the oil industry. Additionally, determine if OPEC is a successful or well-functioning cartel that is able to influence oil pric- es.? 30%

Select a relevant microeconomics industry and explain how consumer demand affects the production levels of the industry you choose. Discuss determinants that affect supply and demand. Consider whether this will shift the supply and demand curve to the left or the right and why.

Explore the concept of product demand.Now, you and your colleagues have the opportunity to explore this concept in detail. Select a relevant microeconomics industry and explain how consumer demand affects the production levels of the industry you choose. Discuss determinants that affect supply and demand. Consider whether this will shift the supply and demand curve […]

How entrepreneurs optimize the cost of production?Explain

How entrepreneurs optimize the cost of production? This is an essay/report in Microeconomics. Examples of at least 2 companies should be used. The paper should be 3-4 pages long, figures and tables are allowed. Required formatting: Times New Roman 12 pt, Single line spacing Use references

Most MBA and other serious business students study in “teams.” Is there a potential tragedy of the commons within the study teams? Asked differently, what incentive problems do these teams have to overcome?Explain

Microeconomics:Decision-Making Chapter 1: Microeconomics: a way of thinking about business 1. Most MBA and other serious business students study in “teams.” Is there a potential tragedy of the commons within the study teams? Asked differently, what incentive problems do these teams have to overcome? How has your team sought to overcome the incentive problems? Why […]

What is the difference between factor of production and factor price? Give an example of each.

Microeconomics 1. Why is economics relevant? (5-points) 2. Identify and explain the three fundamental questions in economics. (5-points) 3. What is the difference between factor of production and factor price? Give an example of each. (5-points) 4. Choice implies opportunity cost. Explain (5-points) 5. Scarcity implies choice. Explain (5-points) 1. Why is economics relevant? (5-points) […]

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