1 / 9

ECO 204 NEW Tutorial Courses/ Uoptutorial

For more course tutorials visit<br>www.uoptutorial.com<br><br>Circular Flow Diagram. Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market.<br>Supply and Demand. Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item?<br>Elasticity. Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic:<br>a. bottled water<br>b. toothpaste<br>c. cookie dough ice cream<br>d. fresh green beans<br>

Galvani2
Download Presentation

ECO 204 NEW Tutorial Courses/ Uoptutorial

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ECO 204 NEW Tutorial Course For More Course Tutorials Visit www.uoptutorial.com

  2. ECO 204 NEW Tutorial Course ECO 204 Entire Course ECO 204 Week 1 DQ 1 Circular Flow Diagram • Circular Flow Diagram. Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market. • Supply and Demand. Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item? • ECO 204 Week 1 DQ 1 Circular Flow Diagram • Business - General Business • Circular Flow Diagram. Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market.

  3. ECO 204 NEW Tutorial Course ECO 204 Week 1 DQ 2 Supply and Demand ECO 204 Week 2 DQ 1 Elasticity • ECO 204 Week 1 DQ 2 Supply and Demand • Business - General Business • Supply and Demand. Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item?  • ECO 204 Week 2 DQ 1 Elasticity • Business - General Business • Elasticity. Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic: • a. bottled water

  4. ECO 204 NEW Tutorial Course ECO 204 Week 2 DQ 2 Externalities ECO 204 Week 2 Raise or Lower Tuition • ECO 204 Week 2 DQ 2 Externalities • Business - General Business • Externalities. Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What solutions need to be provided for your examples?  • ECO 204 Week 2 Raise or Lower Tuition • Business - General Business • Raise or Lower Tuition? You have been hired by Nobody State University (NSU) as a consultant to help the university with how to increase their total revenue.

  5. ECO 204 NEW Tutorial Course ECO 204 Week 3 DQ 1 Short and Long Run ECO 204 Week 3 DQ 2 Fixed and Variable Costs • ECO 204 Week 3 DQ 1 Short and Long Run • Business - General Business • Short and Long Run. Let’s assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for the customers. How is the restaurant able to differentiate between the short run and long run? • ECO 204 Week 3 DQ 2 Fixed and Variable Costs • Business - General Business • Fixed and Variable Costs. After reading Chapter 8 in the text and viewing the required video for this week, Fixed, variable, and marginal cost, address the following in your initial post: • a. First, describe several different fixed costs and variable costs associated with operating an automobile.

  6. ECO 204 NEW Tutorial Course ECO 204 Week 4 DQ 1 Market Structures ECO 204 Week 4 DQ 2 Barriers to Entry • ECO 204 Week 4 DQ 1 Market Structures • Business - General Business • Market Structures. Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run. In your analysis, make sure to relate an example for each of the market structures listed and how it relates to the particular characteristics.  • ECO 204 Week 4 DQ 2 Barriers to Entry • Business - General Business • Barriers to Entry. Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly.

  7. ECO 204 NEW Tutorial Course ECO 204 Week 5 DQ 1 Transfers ECO 204 Week 5 DQ 2 Tariffs and Quotas • ECO 204 Week 5 DQ 1 Transfers • Business - General Business • Transfers. Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective? Respond to at least two of your classmates.  • ECO 204 Week 5 DQ 2 Tariffs and Quotas • Business - General Business • Tariffs and Quotas. Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize? 

  8. ECO 204 NEW Tutorial Course ECO 204 Week 5 Final Paper • ECO 204 Week 5 Final Paper • Business - General Business • Focus of the Final Paper • Market Structures • You have been hired as a consultant by your local mayor to look at the various market structures. Your role is to provide analysis and answers to these important questions that will help the mayor understand the structures of many of the businesses in his city:

  9. ECO 204 NEW Tutorial Course For More Course Tutorials Visit www.uoptutorial.com

More Related