1 / 36

eco561outlet innovative education/eco561outlet.com

FOR MORE CLASSES VISIT <br>www.eco561outlet.com<br><br>1) Suppose that in the clothing market, production costs have fallen, but the equilibrium price and quantity purchased have both increased. Based on this information you can conclude that<br>A. the supply of clothing has grown faster than the demand for clothing<br>B. demand for clothing has grown faster than the supply of clothing<br>C. the supply of and demand for clothing have grown by the same proportion<br>D. there is no way to determine what has happened to supply and demand with this information<br> <br>2) Camille's Creations and Julia's Jewels both sell beads in a competitive market. If at the market price of $5, both are running out of beads to sell (they can't keep up with the quantity demanded at that price), then we would expect both Camille's and Julia's to:<br>A. raise their price and reduce their quantity supplied<br>B. raise their price and increase their quantity supplied<br>C. lower their price and reduce their quantity supplied<br>D. lower their price and increase their quantity supplied<br> <br>3) In which of the following industries are economies of scale exhausted at relatively low levels of output?<br>A. Aircraft production<br>B. Automobile manufacturing<br>C. Concrete mixing<br>D. Newspaper printing<br> <br>

marvel64
Download Presentation

eco561outlet innovative education/eco561outlet.com

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. eco561outlet innovative education/eco561outlet.com

  2. eco561outlet innovative education ECO 561 Final Exam Guide (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com 1) In a market economy the distribution of output will be determined primarily by:  A. a social consensus as to what distribution of income is most equitable. B. consumer needs and preferences. C. the quantities and prices of the resources that households supply. D. government regulations that provide a minimum income for  all. 

  3. eco561outlet innovative education ECO 561 Final Exam Guide(NEW) FOR MORE CLASSES VISIT www.eco561outlet.com 1) Suppose that in the clothing market, production costs have fallen, but the equilibrium price and quantity purchased have both increased. Based on this information you can conclude that A. the supply of clothing has grown faster than the demand for clothing B. demand for clothing has grown faster than the supply of clothing C. the supply of and demand for clothing have grown by the same proportion D. there is no way to determine what has happened to supply and demand with this information

  4. eco561outlet innovative education ECO 561 Week 1 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com What kinds of changes in underlying conditions can cause the supply and demand curves to shift? Give examples and explain the direction in which the curves shift. 

  5. eco561outlet innovative education ECO 561 Week 1 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com What is price elasticity? Give examples of five products whose demand is price elastic, and five products whose demand is price inelastic and elaborate on the choices you make.

  6. eco561outlet innovative education ECO 561 Week 1 Economic Choice & Economic Decision Making (2 Papers) FOR MORE CLASSES VISIT www.eco561outlet.com THIS TUTORIAL CONTAINS 2 PAPERS Consider your last vehicle purchase and the decision making process you engaged in while deciding what vehicle to purchase or if a new vehicle was the right decision. While analyzing your decision, keep in mind that everything from the interest rates to the price of gasoline is driven by the economy in one way or another.

  7. eco561outlet innovative education ECO 561 Week 1 Individual Assignment Market Equilibrating Process Paper FOR MORE CLASSES VISIT www.eco561outlet.com Market Equilibrating Process Paper  Write a 700- to 1,050-word paper in which you relate the concepts in this week's readings to a prior real world experience. The experience does not necessarily have to be work experience. One note; these word count figures are meant to be a guideline, but feel free to exceed this if you find it is necessary to adequately provide relevant details and clarify important points.

  8. eco561outlet innovative education ECO 561 Week 1 Knowledge Check (Quiz) FOR MORE CLASSES VISIT www.eco561outlet.com 1.      Revenue increases when 2.      An increase in the price of an inelastic good 3.      Price elasticity of demand increases when 4.      The purpose of a market in a market system is to 5.      By specializing in the production of one good, a company is able to benefit from economics of scale which increases its revenue. Which of the following is an attribute of specialization?

  9. eco561outlet innovative education ECO 561 Week 2 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com Cost is a big issue with every company, and changing the technology is the biggest cost for most companies, how your company was able to cope with this problem and maintain the level of profit in a very competitive market?  

  10. eco561outlet innovative education ECO 561 Week 2 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how can technology help firms to lower their costs? What are some specific examples of how firms have used technology to lower costs?

  11. eco561outlet innovative education ECO 561 Week 2 Government Interventions vs. Market Based Solutions (2 PPT) FOR MORE CLASSES VISIT www.eco561outlet.com THIS TUTORIAL CONTAINS 2 PPT ECO 561 WEEK 2 GOVERNMENT INTERVENTIONS VS. MARKET BASED SOLUTIONS The theory of market economies emphasizes freedom of choice and limited government intervention.

  12. eco561outlet innovative education ECO 561 Week 2 Individual Assignment Market Equilibration Process Paper FOR MORE CLASSES VISIT www.eco561outlet.com Equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand.  

  13. eco561outlet innovative education ECO 561 Week 2 Knowledge Check (Quiz) FOR MORE CLASSES VISIT www.eco561outlet.com 1.      Purely competitve firms increase total revenue by 2.      What are two ways for a competitve firm to determine the optimal level of production, that is, the level of production that will maximize profit or minimize losses?

  14. eco561outlet innovative education ECO 561 Week 2 Learning Team Reflection FOR MORE CLASSES VISIT www.eco561outlet.com ECO 561 Week 2 Learning Team Deliverable The learning objectives of week 2 were to identify production level to maximize profits, explain how to balance fixed and variable costs, and to apply economic cost concepts in making business decisions.  

  15. eco561outlet innovative education ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple) FOR MORE CLASSES VISIT www.eco561outlet.com Learning Team Assignment: Learning Team Project Product Pricing Component Select an organization with which you are familiar or in which you are interested that provides a private good or service. You will want to focus on the same firm or organization as you work on each Learning Team Project assignment in this class as you build the final paper due Week 6.

  16. eco561outlet innovative education ECO 561 Week 3 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com Do you think that competition can be counted on to discipline the industrial business firms of a modern economy? Explain. 

  17. eco561outlet innovative education ECO 561 Week 3 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com In your industry, would you support regulation or deregulation and why or why not?

  18. eco561outlet innovative education ECO 561 Week 3 Knowledge Check (Quiz) FOR MORE CLASSES VISIT www.eco561outlet.com 1.      A purely- or perfectly-competitive firm would be characterized by which of the following? 2.      For a purely-competitive firm, price must be 3.      What will excessive or economic profits induce for a firm in any industry structure? 4.      A pure-monopoly firm’s demand curve is also the market demand curve.

  19. eco561outlet innovative education ECO 561 Week 3 Learning Team Reflection FOR MORE CLASSES VISIT www.eco561outlet.com ECO 561 Week 3 Learning Team Reflection/Deliverable The learning objectives of week 3 were to determine pricing strategy to meet organizational goals, determine ways to create non price barriers to entry based on market structure, determine ways to increase product differentiation based on market structure, and to determine ways to reduce costs for an organization.

  20. eco561outlet innovative education ECO 561 Week 3 Market Structure And Pricing Power FOR MORE CLASSES VISIT www.eco561outlet.com ECO 561 WEEK 3 MARKET STRUCTURE AND PRICING POWER Select a new, realistic good or service for an existing industry, preferably an industry you current work in or one in which you are interested in working. Develop a 1,400-word evaluation of pricing strategies available producers of your selected product. This will include statements about the market structure and the elasticity of demand for the product, based on text book principles and real world products under development.

  21. eco561outlet innovative education ECO 561 Week 3 Team Assignment Market Structures Simulation (Apple) FOR MORE CLASSES VISIT www.eco561outlet.com Learning Team Assignment: Market Structures Simulation Write a 1,050- to 1,400- word paper where you explain the following in the context of the simulation. One note; these word count figures are meant to be a guideline, but feel free to exceed this if you find it is necessary to adequately provide relevant details and clarify important points.

  22. eco561outlet innovative education ECO 561 Week 4 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com How does the Federal Reserve's monetary policy affect your industry's, or company's growth? 

  23. eco561outlet innovative education ECO 561 Week 4 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com How would you evaluate monetary policy today?  Is monetary policy contradictory with fiscal policy? Why or Why not?  Support your analysis with examples.

  24. eco561outlet innovative education ECO 561 Week 4 Knowledge Check (Quiz) FOR MORE CLASSES VISIT www.eco561outlet.com 1.      Business cycles occur when output 2.      Which of these statements best describes a complete individual buisness cycle? 3.      During the buisness cycle, the period between the point at which output reaches a high and the point at which it reaches a low is called 4.      Which of the following equals the market value of all final goods and services produced in an economy, stated in the prices of a specific base year?

  25. eco561outlet innovative education ECO 561 Week 4 Learning Team Project Macroeconomic Forecast Outline (Apple) FOR MORE CLASSES VISIT www.eco561outlet.com 1. Learning Team Assignment: Learning Team Project Macroeconomic Forecast Outline: Prepare a brief outline of the Week 5 Learning Team Project Macroeconomic Forecast Component in which you answer the following questions: 1. What are the economic indicators for which you will be providing forecasts? 2. It is important to evaluate the historical relationship between variables in order to explain how one indicator or variable may impact another. With this in mind, what sources will you use to obtain historical data for the economic indicators that you have selected?

  26. eco561outlet innovative education ECO 561 Week 4 Team Assignment Business Cycles, Economic Shocks, And Restoring Equilibrium FOR MORE CLASSES VISIT www.eco561outlet.com ECO 561 WEEK 4 TEAM ASSIGNMENT BUSINESS CYCLES, ECONOMIC SHOCKS, AND RESTORING EQUILIBRIUM As a manager, it is important to understand how the business cycle affects supply and demand, prices, and how economic shocks will impact your company's markets, supply chain, and financing.

  27. eco561outlet innovative education ECO 561 Week 5 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com How does the Federal Reserve's monetary policy affect your industry's, or company's growth? 

  28. eco561outlet innovative education ECO 561 Week 5 DQ 2 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com How would you evaluate monetary policy today?  Is monetary policy contradictory with fiscal policy? Why or Why not?  Support your analysis with examples.

  29. eco561outlet innovative education ECO 561 Week 5 Knowledge Check (quiz) FOR MORE CLASSES VISIT www.eco561outlet.com 1.      The Classical Theory of Asset Prices assumes which of the following ideas? 2.      Economists use two principle interest rates: normal and real. The purpose of this distinction is to 3.      During periods of incresing inflationary pressure, the Federal Reserve should 4.      What is the increased morak hazard associated wuth the too big to fall (TBTF) ballouts of the largest of financial institutions?

  30. eco561outlet innovative education ECO 561 Week 5 Learning Team Project Macroeconomic Forecast Component (Apple) FOR MORE CLASSES VISIT www.eco561outlet.com Learning Team Assignment: Learning Team Project Macroeconomic Forecast Component Include the following in this paper; Identify a list of five economic indicators which will be the subject of this paper.

  31. eco561outlet innovative education ECO 561 Week 5 Team Assignment Comparative And Absolute Advantage FOR MORE CLASSES VISIT www.eco561outlet.com ECO 561 WEEK 5 TEAM ASSIGNMENT COMPARATIVE AND ABSOLUTE ADVANTAGE Develop a 1,750-word analysis of the international economy in which you do the following: Analyze measures of economic growth, and comparative and absolute advantage in international trade for the following countries: USA China Saudi Arabia Democratic Republic of Congo

  32. eco561outlet innovative education ECO 561 Week 6 Challenges Of Expansion To A Foreign Location (2 Papers) FOR MORE CLASSES VISIT www.eco561outlet.com THIS TUTORIAL CONTAINS 2 PAPERS ECO 561 WEEK 6 CHALLENGES OF EXPANSION TO A FOREIGN LOCATION Revise your Week 3 economic analysis using the feedback provided by your facilitator to evaluate the challenges of expanding your company's production to a foreign market.

  33. eco561outlet innovative education ECO 561 Week 6 DQ 1 (UOP) FOR MORE CLASSES VISIT www.eco561outlet.com How much has the growth in international trade impacted your company, or industry? Has the devaluation of the U.S. dollar impacted your company, or industry? Explain. 

  34. eco561outlet innovative education ECO 561 Week 6 Knowledge Check (Quiz) FOR MORE CLASSES VISIT www.eco561outlet.com 1. If the demand is QD = 100 – 10P and there is a $1 price increase, then the elasticity of demand at p = 2 is 2. If the absolute value of a demand elasticity is less than 1, then 3. If the cross-price elasticity is negative, then the two goods are 4. Under perfect competition, a firm maximizes its profit by setting 5. In a large city, a good, real-world example for perfect competition would be 6. A firm under monopolistic competition will earn

  35. eco561outlet innovative education ECO 561 Week 6 Team Assignment (Final), (Apple) FOR MORE CLASSES VISIT www.eco561outlet.com Learning Team Assignment: International Paper •         Resources: The data compiled from the University of Phoenix Material – Big Drive Auto in Week Four (or the material from your own organization in which you faculty member has approved)  •         Write a 700- to 1,050- word paper addressing the following issues in the context of the scenario: o        Identify and justify the macroeconomic measures of output and prices which you have selected for Big Drive Auto’s planning.

  36. eco561outlet innovative education

More Related