Microeconomics 4- discussions | Economics homework help

1-

 

Substitutes and Complements (Chapter 2)

  1. How do retail stores display their merchandise taking into account substitute or complementary goods? Give some examples.
  2. Have your purchases been influenced by these marketing techniques? Give some examples.

2-

 A) Principle of diminishing Marginal utility. (Chapter 10)

A local restaurant offers an “all you can eat” ribs special. If a person pays $11.95, he can eat as many servings as he desires at no additional cost. Do you think the local restaurant will go bankrupt because people will eat much more than what they are paying for? Why?

 

B)News and microeconomics

This week we introduced key concepts like elasticity, sunk costs, diminishing marginal satisfaction, fixed costs, variable costs, average costs and marginal costs. All these concepts relate to the Demand and Supply of your firm of interest, and these concepts are quantitative in nature. It could be nice if you could include some article that discuss demand elasticity values or costs for the firm you are interested in.

To start this topic,  a student should give a link of a very recent business news article or journal article. Add a provocative comment/question for others to continue the discussion, and build the empirical evidence needed for your project. 

I expect this discussion to support ideas for your paper.

3-

A)Market Structures

Many economists believe the strict definition of perfect competition does not exist in the real world. Yet, the market equilibrium in this market is claimed to be efficient, and all other markets (monopoly, oligopoly and monopolistic competition) that are more realistic, are evaluated in terms of their distance from the equilibrium in a perfect competitive market. 

Would you be in favor of having only very competitive firms in your town? Try to explain the pros and cons of it with examples. 

B) 

News and microeconomics

This week we focused on four different types of markets:  perfect competitive markets,  monopoly, oligopoly and monopolistic competition.

To start this topic,  a student should give a link of a very recent business news article or journal article. Add a provocative comment/question for others in your group to continue the discussion, and build the empirical evidence needed for your project. 

I expect this discussion to help you advance ideas for your paper.

4) 

Black Markets

Tickets to athletic events, concerts and other venues are often resold at higher than original prices. In some states, scalping is outright illegal, while in other states, scalping is legal under certain circumstances.

You may have your own opinion about scalping, and it may be related to moral issues. I would like you to use some of the concepts you have learned in this course to analyze the issue and answer the following questions:

1. Is the original ticket price necessarily an accurate measure of the equilibrium price?

2. Who are the winners and losers in scalping?

——————————————————————————————

 Short but Complete – Limit your posts to 1-2 paragraphs. However, thoughts need to be fully developed to ensure that when other students and the instructor read the comments they are cogent and coherent.  This also means that the entries need to be written in proper business communications format.  

 1 idea/1 paragraph – The entire paragraph should present ONE single idea. If you have other idea, that should go in a separate paragraph. Within a paragraph, the 1st sentence reflects the most important message. Following sentences support the idea mentioned in the 1st sentence. The last sentence concludes the idea. 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more