ECO 561 OUTLET Career Path Begins/eco561outlet.com

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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
ECO 561 Final Exam Guide (UOP) FOR MORE CLASSES
VISIT www.eco561outlet.com  1) In a market econom
y the distribution of output will be determined pr
imarily by A. a social consensus as to what distr
ibution of income is most equitable. B. consumer n
eeds and preferences. C. the quantities and prices
 of the resourcesthat households supply. D. govern
ment regulations that provide a minimum income for
 all.  choices will result in the full employment 
of available resources. C. to do so will maximize 
the firms' profits. D. this will prevent new firms
 from entering the industry. 
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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  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
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. 
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. Develop a 1,400-word analysis of your
decision-making process in which you include the
following Discuss the role of the interest rate
and the cost of financing on your purchase
decision. Interest rates are derived from the
supply and demand for money and the actions of
the Federal Reserve System.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
ECO 561 Week 1 Individual Assignment Market
Equilibrating Process Paper FOR MORE CLASSES
VISIT www.eco561outlet.com We have another paper
on  Market Equilibration Process Paper with
different course description which could be found
on this link  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.Discuss the market equilibrating process
in relation to your experience. First define at
least five key concepts including those related
to the market equilibrating process.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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?  6.      The market system
promotes progress by  7.      Productive
efficiency is achieved when  8.      The market
is asid to be in equilibrium when  9.      The
market will move to a higher equilibrium price if
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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?
 
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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?
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. The
classic argument for government intervention is
market failure - the inability of the market
economy to correct itself from a dysfunctional
state (such as the Great Depression).Examine one
case of significant government intervention as it
relates to your current industry of employment or
an industry in which you are interested in
working. Examples of intervention programs
include, but are not limited to
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
ECO 561 Week 2 Individual Assignment Market
Equilibration Process Paper FOR MORE CLASSES
VISIT www.eco561outlet.com We have another paper
on Market Equilibration Process Paper with
different course description which could be found
on this link Equilibration is the process of
moving between two equilibrium points as a result
of some change in supply or demand.
 Understanding how market equilibrium is sought
following such a change is essential for business
managers. It is important to understand how
economic principles, and specifically supply,
demand, and their determents are a part of your
everyday business decisions. 
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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?  3.    
 Suppose that a firm determines that its marginal
revenue is greater than its marginal cost, it
would be better to  4.      It is profitable for
a firm to continue employing additional resources
as long as  5.      As additional units are
produced, the marginal revenue product falls for
all firms because marginal product decreases. For
firms operating in industries that are not
perfectly competitve, marginal revenue product
also falls because
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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.  
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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 ComponentSelect 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.Examples of good firms to
use as a subject include Southwest Airlines (a
very successful airline), Ford (they have not
declared bankruptcy), Pulte (a successful
homebuilder with a historical track record),
Whirlpool (their performance is very dependent on
the economy), Caterpillar, Microsoft, Apple
Computer, etc. 1. Describe the utility of that
good or service to the immediate consumer (which
may or may not be another organization) and the
consumer needs that the product or service meets.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. 
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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?
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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 firms demand curve is also
the market demand curve. This kind of firm may
successfully engage in price discrimination to
increase its total profit if it  5.    
 Oligopolies are characterized by a small number
of firms where the top three firms hold the
majority of the market. If in an oligopoly
market, firm A ia almost twice as big as firm B
and firm C then  6.      In a monopolistic
competiton industry, if one firm appreciably
increased its price from the existing equilibrium
price, which of the following outcomes would most
likely ensue?
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. Identify the market structure
of the industry (monopoly, oligopoly, competitive
monopoly).
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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.   Create a solution
using strategic variables available to you to
sustain the economic profits the firm can
earn. What are some of the pricing strategies
that you would recommend? What are some of the
non-pricing strategies that you would
recommend? What kind of innovations would you
propose to sustain the organization's uniqueness?
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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? 
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
ECO 561 Week 4 Knowledge Check (Quiz) FOR MORE
CLASSES VISIT www.eco561outlet.com .    
 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?  5.
     Imagine a country has a population of 210
million. Within the country there are 95 million
people who are employed workers. 50 million
people incapable of working, and 60 million
people capable of working, but not actively
looking. Based on this information, what is the
unemployment rate?
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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?3. What sources will you use to
obtain forecasts related to your selected
economic indicators? 4. Why do you think that
professional forecasters rely so heavily on past
data and trends?
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. The recent
collapse of the housing market, the near failure
of our financial system, the wild swings in
commodity and stock prices, and the deep
recession of 2007-2009 provide a virtual
laboratory for the study of the economic shocks
and stabilization measures taken to restore
equilibrium.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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? 
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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?  5.      The Federal
Reserves primary tool for managing the money
flow is  6.       Which of the following is a
major drawback of a flexible exchange rate?
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. In addition to real GDP, the unemployment
rate, and the inflation rate, focus on at least
two of the following A key interest rate (I
suggest the 10-year Treasury rate) Housing
starts Oil prices Auto sales Foreign
exchange rate (either a trade weighted index or
dollar versus yen, pound, Euro, Yuan, etc.)
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. This will require you to revise
previously recommended pricing and non-pricing
strategies for your company's product based on
the selected country's economy's stage in the
business cycle and the projected economic
conditions. Discuss the evidence that supports
your recommendations.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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. 
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
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
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ECO 561 OUTLET Career Path Begins/eco561outlet.com
ECO 561 Week 6 Team Assignment (Final),
(Apple) FOR MORE CLASSES VISIT www.eco561outlet.c
om 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
Autos planning. o        What are the
relationships between the organizations data and
the macroeconomic measures you have selected? o  
     Explain how specific planning and operating
decisions at the organization can be improved
using the macroeconomic data.
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ECO 561 OUTLET Career Path Begins/eco561outlet.com