ECO 365 MART Education Specialist /eco365mart.com

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ECO 365 MART Education Specialist /eco365mart.com
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Final Exam Guide (New, 2017) FOR MORE
CLASSES VISIT www.eco365mart.com 1 During the
winter break, Sam decides to go for a skiing
vacation in Aspen instead of taking piano
lessons. The opportunity cost of the skiing
vacation is the cost of accommodation and food
in Aspen. value of piano lessons. cost of buying
a piano. amount paid to the skiing instructor. 2
Which of the following is an example of a
negative externality? Smith reducing the
consumption of imported wine following an
increase in the price of imported wine Phoebe
refusing to contribute to the building of a
childrens park in her neighborhood Christina
accepting a payment in cash rather than in check
for her laundry services Tom playing music loudly
in his room, disturbing his roommate who has an
exam the next day 3.A perfectly competitive firm
sells 10 units of Good X at a price of 2 per
unit. It incurs a fixed cost of 5 and a variable
cost of 40 to produce the good. Which of the
following is true? The firm should operate in the
short run but shut down in the long run. The
marginal cost of the good is 4.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Final Exam Guide (New, Dec 2015) FOR MORE
CLASSES VISIT www.eco365mart.com 1). The DeBeers
company is a profit-maximizing monopolist that
exercises monopoly power in the distribution of
diamonds. If the company earns positive economic
profits this year, the price of diamonds will
Exceed the marginal cost of diamonds but equal to
the average total cost of diamonds. Exceed both
the marginal cost and the average total cost of
diamonds. Be equal to the marginal cost of
diamonds. Be equal to the average total cost of
diamonds. 2). Using 100 workers and 10 machines,
a firm can produce 10,000 units of output using
250 workers and 25 machines, the firm produces
21,000 units of output. These facts are best
explained by Economies of scope Diseconomies
of scale Diminishing marginal productivity
Economies of scale 3). Suppose that college
tuition is higher this year than last and that
more students are enrolled in college this year
than last year.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.eco365mart.com 1. Because you can only
obtain more of one good by giving up some of
another good, the shape of a production
possibility curve is _______________. 2. Refer to
the table shown. The average product when eight
workers are employed is _____6____ 3. A resource
is said to have a comparative advantage if 4 
Refer to the graph shown. Initially, the market
is in equilibrium with price equal to 3 and
quantity equal to 100. Government imposes a tax
on suppliers of 1 per unit. The effect of the
tax is to 5Refer to the table shown. Diminishing
marginal productivity begins when the 6 Refer to
the graph shown. If this monopolistically
competitive firm maximizes profit, it will 7  The
price of a ticket to a rock concert is set at
35. All the tickets for the concert sell out 1
hour after they go on sale and there are still
1,000 fans who want to buy tickets. It follows
that 8  Which of the following statements is true?
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 1 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.com What is
economics? What role does economics play in your
personal and organizational decisions? Provide an
example of the role of economics in decision
making.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 1 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.com Identify a
recent purchase in which the price of the product
was an important consideration in the
decision-making process related to purchasing the
product. What other factors affected your
decision? How important was your income as a
factor? How important was the price of other
goods as a factor?
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 1 Individual Assignment Article
Analysis FOR MORE CLASSES VISIT www.eco365mart.com
ECO 365 Week 1 Individual Assignment Article
Analysis
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 1 Individual Assignment Economic
Analysis FOR MORE CLASSES VISIT www.eco365mart.com
Prepare a 1,000-1,500 word paper in which you exp
lain what the difference is between a movement alo
ng and shift of the demand curve. Show the impact 
on the equilibrium price and quantity that results
 from  (1) an increase in demand, (2) an increase
 in supply, (3) an increase in both supply and dem
and.  Give an example of the role of supply and de
mand in decision making.  Post in assignments link
.     Format your paper consistent with APA guidel
ines.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 1 Individual Assignment Economic
Definitions Worksheet FOR MORE CLASSES
VISIT www.eco365mart.com Write the definition for 
each of the following 1. Law of Demand 2.
Law of Supply 3. Price Elasticity of Demand 4.
Macroeconomics 5. Microeconomics Identify 2 produc
ts whose demand is price inelastic. Which of the f
ollowing graphs best demonstrates the law of deman
d? Which of the following graphs best demonstrates
 the law of supply?
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 1 Individual Assignment Supply and
Demand Curve Worksheet (2 Sets) FOR MORE CLASSES
VISIT www.eco365mart.com This Tutorial contains 2 
sets of Worksheet   Complete the Supply and Demand
 Curve worksheet.Submit through the Assignment ta
b. Answer the following questions Write the defini
tion for each of the following 1. Law of Demand2
. Law of Supply Which of the following graphs best
 demonstrates the law of demand? a) I b) II c) III
d) IV Which of the following graphs best demonstr
ates the law of supply? a) I b) II
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 1 Ten Principles of Economics and
How Markets Work (2 Papers) FOR MORE CLASSES
VISIT www.eco365mart.com   ?This Tutorial
contains 2 Papers As part of a marketing research
committee for your organization, you have been
assigned the task of preparing a 700-word
research paper about current microeconomic
thought and theory. Use Principles of
Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the
source for all your information. Identify the
fundamental lessons the Ten Principles of
Economics teach about ?How people make
decisions ?How people interact ?How the economy
as a whole works Explain the following to help
the committee members understand how markets
work ?How society manages its scarce resources
and benefits from economic interdependence ?Why
the demand curve slopes downward and the supply
curve slopes upward ?Where is the point of
equilibrium and what does it determine? The
impact of price controls, taxes, and elasticity
on changes in supply, demand and equilibrium
prices Format consistent with APA guidelines.
Click the Assignment Files tab to submit your
assignment.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 2 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.com What is the law
of diminishing marginal productivity? How does
the law of diminishing marginal productivity
affect the cost of productions? Provide an
example from your workplace.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 2 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.com Why is the
demand of labor a derived demand? What is the
relationship between productivity and the wages
earned by employees where you work or at an
organization with which you are familiar? What
are some factors that determine the level of your
income? Explain your answer.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 week 2 Individual Assignment Supply and
Demand Simulation (Microeconomics and the Laws of
Supply and Demand ) (3 Papers) FOR MORE CLASSES
VISIT www.eco365mart.com This Tutorial contains 3 
different Papers Complete the Supply and Demand
Simulation located on the student
website. Write 700 - 1,050-word paper of no more
than summarizing the content. Address the
following Identify two microeconomics and two
macroeconomics principles or concepts from the
simulation. Explain why you have categorized
these principles or concepts as macroeconomic or
microeconomic. Identify at least one shift of the
supply curve and one shift of the demand curve in
the simulation. What causes the shifts?  For each
shift, analyze how it would affect the
equilibrium price, quantity, and decision
making.  How may you apply what you learned about
supply and demand from the simulation to your
workplace or your understanding of a real-world
product with which you are familiar?
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 2 Learning Team Reflection
Production and Cost Analysis FOR MORE CLASSES
VISIT www.eco365mart.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your
field.   Prepare a 350- to 1,050- word paper
detailing the findings of your discussion.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 2 Team Assignment Elasticity Paper
(Substitute or Compliment) FOR MORE CLASSES
VISIT www.eco365mart.com Reflect on why some produ
cts become substitutes and why some are compliment
s (e.g. hot dogs and hot dog buns).  Prepare a 350
- to 1,050- word paper detailing the findings of y
our discussion.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 2 Team Assignment Markets and the
Economics of the Public Sector (2 Papers) FOR
MORE CLASSES VISIT www.eco365mart.com ?This
Tutorial contains 2 Papers ECO 365 Week 2 Markets
and the Economics of the Public Sector You have
been assigned to a team that has the
responsibility of preparing a paper consisting of
1,750 words for the governors next economic
conference. Your paper should address the
following ?Explain why equilibrium of supply
and demand is desirable. ?Explain the following
concepts using the concept of consumer and
producer surplus ?Efficiency of markets ?Costs
of taxation ?Benefits of international trade
?Discuss how externalities may prevent market
equilibrium and the various governments policies
used to remedy the inefficiencies in markets
caused by externalities. Analyze the difference
between the efficiency of a tax system and the
equity of a tax system as it refers to the costs
imposed on taxpayers using the benefits
principles. Cite a minimum of 3 peer-reviewed
sources, not including your textbook.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 2 Team Assignment Product
Substitution Versus Product Compliment FOR MORE
CLASSES VISIT www.eco365mart.com ECO 365 Week 2 Te
am Assignment Substitute vs Compliment
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 3 Current Market Conditions
Competitive Analysis FOR MORE CLASSES
VISIT www.eco365mart.com ?ECO 365 Week 3 Current
Market Conditions Competitive Analysis You have
been given the responsibility of working with
your organizations CEO to do a competitive
market analysis of the potential success of one
of their existing products. Select your
organization and a product produced by that
organization from IndustryWeek. Write a
2,100-word analysis of the current market
conditions facing your product, making sure that
you address the following topics ?Define the
type of market in which your selected product
will compete, along with an analysis of
competitors and customers. ?Analyze any
comparative advantages and international trade
opportunities. ?Explain the factors that will
affect demand, supply, and prices of that
product. ?Examine factors that will affect Total
Revenue, including but not limited to
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 3 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.com What conditions
exist when economic profits are maximized? What
is the difference between economic and accounting
profits? What are economic profit-maximizing
strategies that may be made by a perfectly
competitive firm, a monopolist firm, and a
monopolistic competitive firm? Provide examples
and explain the strategies effectiveness in
their respective market structures.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 3 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.com What are some
real-life examples of monopolistically
competitive, oligopoly, and monopoly markets? How
do market prices differ between perfectly and
imperfectly competitive markets? Will a monopoly
always produce at a profit-maximizing output
level? Explain your answer.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 3 Learning Team Reflection Summary
Market Structure FOR MORE CLASSES
VISIT www.eco365mart.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your
field.  Prepare a 350- to 1,050- word paper
detailing the findings of your discussion.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 week 3 Team Assignment Current Market
Conditions Competitive Analysis (3 Papers) FOR
MORE CLASSES VISIT www.eco365mart.com This tutoria
l contains 3 sets of paper Imagine you are part
of a strategic planning group at a large
corporation that is considering developing a new
proposed product. The marketing director has
asked your team to do a competitive market
analysis to determine the products potential
success. The analysis will focus on your primary
competitor in the products market.  Select a
potential competitive organization and a product
in that organization.  Write a 1,400 1,750-word
paper of no more than analyzing the current
market conditions. Address the following
topics  A short history of the organization and
a description of their product
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Differentiating Between Market
Structures Paper (New Syllabus),Starbucks FOR
MORE CLASSES VISIT www.eco365mart.com You will app
ly important microeconomics concepts toward the co
mpetitive strategies of an organization that opera
tes in an industry of your choice.  You will evalu
ate the differences between market structures and 
identify a group of competitive strategies consist
ent with the market structure that best aligns wit
h the market in  which the organization competes. 
You will assess how the market structure positivel
y and negatively affects the firm and evaluate the
 efficacy of the structure's competitive  strategi
es.Select an industry. Identify an organization in
 that industry. You may use the company you used f
or the Week 3 Learning Team assignment or you may 
select a new  organization. Your selected organiza
tion must be submitted for instructor approval.Ide
ntify the market structure in which this organizat
ion competes. Clearly indicate why the  market str
ucture was decided upon, and how this market struc
ture differentiates from the other alternatives.Ho
w might the company you selected find itself worki
ng with  organizations in the same industry that a
re an oligopoly, perfect competition, monopoly, or
 monopolistic market structure. Examine the differ
ent sectors with an industry and  how market struc
ture may vary within those sectors.Identify three 
or more competitive strategies
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (Mayo Clinic) FOR MORE
CLASSES VISIT www.eco365mart.com You will apply im
portant microeconomics concepts toward the competi
tive strategies of an organization that operates i
n an industry of your choice.  You will evaluate t
he differences between market structures and ident
ify a group of competitive strategies consistent w
ith the market structure that best aligns with the
 market in  which the organization competes. You w
ill assess how the market structure positively and
 negatively affects the firm and evaluate the effi
cacy of the structure's competitive strategies.Sel
ect an industry. Identify an organization in that 
industry. You may use the company you used for the
 Week 3 Learning Team assignment or  you may selec
t a new organization. Your selected organization m
ust be submitted for instructor approval.Identify 
the market structure in which this organization co
mpetes. Clearly indicate why the market structure 
was decided upon, and how this market structure di
fferentiates from the other alternatives.How might
 the company you selected find itself working with
 organizations in the same industry that are an ol
igopoly,
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New Syllabus),Starbucks F
OR MORE CLASSES VISIT www.eco365mart.com You will 
apply important microeconomics concepts toward the
 competitive strategies of an organization that op
erates in an industry of your choice. You will eva
luate the  differences between market structures a
nd identify a group of competitive strategies cons
istent with the market structure that best aligns 
with the market in which the organization  compete
s. You will assess how the market structure positi
vely and negatively affects the firm and evaluate 
the efficacy of the structure's competitive strate
gies.  Select an industry. Identify an organizatio
n in that industry. You may use the company you us
ed for the Week 3 Learning Team assignment or you 
may select a new organization.  Your selected orga
nization must be submitted for instructor approval
.  Identify the market structure in which this org
anization competes. 
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New), Apple Company FOR
MORE CLASSES VISIT www.eco365mart.com You will app
ly important microeconomics concepts toward the co
mpetitive strategies of an organization that opera
tes in an industry of your choice. You will evalua
te  the differences between market structures and 
identify a group of competitive strategies consist
ent with the market structure that best aligns wit
h the market in which  the organization competes. 
You will assess how the market structure positivel
y and negatively affects the firm and evaluate the
 efficacy of the structure's competitive strategie
s.  Select an industry. Identify an organization i
n that industry. You may use the company you used 
for the Week 3 Learning Team assignment or you may
 select a new organization.  Your selected organiz
ation must be submitted for instructor approval.Id
entify the market structure in which this organiza
tion competes. Clearly indicate why the market str
ucture  was decided upon, and how this market stru
cture differentiates from the other alternatives.H
ow might the company you selected find itself work
ing with organizations in the  same industry that 
are an oligopoly, perfect competition, monopoly, o
r monopolistic market structure. 
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.com What is an
externality? Provide at least three examples. How
does one of the examples you provided affect the
market outcome? What is the role of government in
addressing the implications of an externality you
provided as an example? Is it possible that a
governments solution to a market failure would
worsen the failure? Explain your answer.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.com What effect do
government intervention, taxation, and
regulations have on economic behavior?
Explain.What are real-world examples of
government intervention, taxation, and
regulations? What are the goals of each?
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Individual Assignment
Differentiating Between Market Structures Table
FOR MORE CLASSES VISIT www.eco365mart.com For
this assignment, you will choose from the
following options  Option 1 Differentiating
Between Market Structures in Kudler Option 2
Differentiating Between Market Structures in an
Organization of Your Choice  Read the
instructions in the University of Phoenix
Material Differentiating Between Market
Structureslocated on the student website and
select one option to complete the assignment.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Learning Team Reflection Public
Policy in Economics FOR MORE CLASSES
VISIT www.eco365mart.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your
field.  Prepare a 350- to 1,050- word paper
detailing the findings of your discussion.
32
ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Team Assignment Mergers and Joint
Ventures (2 Papers) FOR MORE CLASSES
VISIT www.eco365mart.com This Tutorial Contains 2 
sets of papers  Learning Team Assignment  Week 4
Discuss the differences between horizontal, vertic
al and conglomerate mergers and how those differ f
rom a joint venture. Introduction  Horizontal Merg
ers  Vertical Mergers  Conglomerate Mergers  Joint
 Venture  Conclusion  Prepare a 350- to 1,050- wor
d paper detailing the findings of your discussion.
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 4 Team Assignment The Economics of
Labor Markets FOR MORE CLASSES VISIT www.eco365mar
t.com ?ECO 365 Week 4 The Economics of Labor
Markets Select an organization your team is
familiar with or an organization where a team
member works. Develop a 15- to 20-slide
Microsoft PowerPoint presentation to be
presented to the CEOs executive committee that
addresses how your chosen organization determines
what quantity of labor to demand and what events
could shift the demand and supply of that labor.
Explain the following in your presentation ?How
your organizations production function is
related to its marginal product of labor ?How
your organizations marginal product of labor is
related to the value of its marginal product How
your organizations marginal product is related
to its demand for labor
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 5 Team Assignment Competitive
Strategies and Government Policies (3 Papers) FOR
MORE CLASSES VISIT www.eco365mart.com This Tutoria
l contains 3 sets of papers       Management has
recognized the effect of changes in the
real-world competitive environment and government
policies on other industries and anticipates
similar events occurring in their industry, so
they ask you for a report considering the
following points.   Write 1,400 1,750-word paper
of no more than in which you describe how each of
the following are or potentially will affect your
industry or one with which you are familiar
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 week 5 Team Assignment Competitive
Strategies and Government Policies (PPT) FOR MORE
CLASSES VISIT www.eco365mart.com Select an organiz
ation the team is familiar with and which has a gl
obal presence.  Management in the team's organizat
ion has recognized the effect of changes in the re
al-world competitive environment and government po
licies  on other industries and anticipates simila
r events occurring in their industry, so they ask 
you for a report considering the following points.
Create a 12- to 16-slide PowerPoint presentation
 in which you describe how each of the following a
re or potentially will affect your industry or one
 with which you are familiar  The impact of new 
companies entering the market, mergers, globalizat
ion on the market structure, price elasticity of d
emand, pricing, and the sustainability of profits
 The impact of current and expected government po
licies and regulations, including taxes and regula
tions in place to address issues related to extern
alities  The effect of global competition on the 
decisions made by management with regards to chang
e in labor demand, supply, relations with unions, 
and rules 
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ECO 365 MART Education Specialist /eco365mart.com
ECO 365 Week 5 Theory of Consumer Choice and
Frontiers of Microeconomics FOR MORE CLASSES
VISIT www.eco365mart.com ?ECO 365 Week 5 Theory
of Consumer Choice and Frontiers of
Microeconomics You have been asked to assist your
organizations marketing department to better
understand how consumers make economic decisions.
Write a 1,050-word analysis that includes the
following ?The impact the theory of consumer
choice has on ? Higher wages ?Demand curves
?Higher interest rates ?The role asymmetric
information has in many economic transactions
?The Condorcet Paradox and Arrows Impossibility
Theorem in the political economy People not
being rational in behavior economics Cite a
minimum of 3 peer-reviewed sources not including
your textbook. Format consistent with APA
guidelines. Click the Assignment Files tab to
submit your assignment.
37
ECO 365 MART Education Specialist /eco365mart.com