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ECO 365 course Marvelous Learning/
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• ECO 365 Final Exam Guide (New, 2017)
• For more course tutorials visit
• www.tutorialrank.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

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• ECO 365 Final Exam Guide (New, Dec 2015)
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•  
• 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.
•  

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• ECO 365 Final Exam Guide 1
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•  
• 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
•  

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• ECO 365 Week 1 Discussion Question 1
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•  
• 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 Week 1 Discussion Question 2 (UOP Course)
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•  
• 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 Week 1 Individual Assignment Article
  Analysis Paper (UOP Course)
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• ECO 365 Week 1 Individual Assignment Article
  Analysis Paper (UOP Course)

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• ECO 365 Week 1 Individual Assignment Economic
  Analysis
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•  
• Prepare a 1,000-1,500 word paper in which you
  explain what the difference is between a movement
  along 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 demand. Give an example of the role of
  supply and demand in decision making. Post in
  assignments link.
• Format your paper consistent with APA guidelines.

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• ECO 365 Week 1 Individual Assignment Economic
  Definitions Worksheet
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•  
• 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
•  

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• ECO 365 Week 1 Individual Assignment Supply and
  Demand Curve Worksheet (2 Sets)
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• This Tutorial contains 2 sets of Worksheet
• Complete the Supply and Demand Curve
  worksheet.Submit through the Assignment tab.
• Answer the following questions 
• Write the definition for each of the following 
• Law of Demand
• Law of Supply
• Which of the following graphs best demonstrates
  the law of demand?

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• ECO 365 Week 1 Ten Principles of Economics and
  How Markets Work (2 Papers)
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•  
• 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
•  

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• ECO 365 Week 2 Discussion Question 1 (UOP Course)
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•  
• 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 Week 2 Discussion Question 2 (UOP Course)
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•  
• 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 week 2 Individual Assignment Supply and
  Demand Simulation (Microeconomics and the Laws of
  Supply and Demand ) (3 Papers)
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•  
• This Tutorial contains 2 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
•  

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• ECO 365 Week 2 Learning Team Reflection
  Production and Cost Analysis (UOP Course)
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•  
• 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 Week 2 Team Assignment Elasticity Paper
  (Substitute or Compliment)
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•  
• Reflect on why some products become substitutes
  and why some are compliments (e.g. hot dogs and
  hot dog buns).
•  
•  
• Prepare a 350- to 1,050- word paper detailing the
  findings of your discussion.

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• ECO 365 Week 2 Team Assignment Markets and the
  Economics of the Public Sector (2 Papers)
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• 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
•  

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• ECO 365 Week 2 Team Assignment Product
  Substitution Versus Product Compliment
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• ECO 365 Week 2 Team Assignment Substitute vs
  Compliment

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• ECO 365 Week 3 Current Market Conditions
  Competitive Analysis
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• 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 Industry Week.
•  
• Write a 2,100-word analysis of the current market
  conditions facing your product, making sure that
  you address the following topics
•  

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• ECO 365 Week 3 Discussion Question 1 (UOP Course)
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•  
• 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 Week 3 Discussion Question 2 (UOP Course)
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•  
• 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 Week 3 Learning Team Reflection Summary
  Market Structure (UOP Course)
• For more course tutorials visit
• www.tutorialrank.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.

23
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• ECO 365 week 3 Team Assignment Current Market
  Conditions Competitive Analysis (2 Papers)
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• www.tutorialrank.com
•  
• This tutorial contains 2 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.
•  

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• ECO 365 Week 4 Differentiating Between Market
  Structures Paper (New Syllabus),Starbucks
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•  
• You will apply important microeconomics concepts
  toward the competitive strategies of an
  organization that operates in an industry of your
  choice. You will evaluate the differences between
  market structures and identify a group of
  competitive strategies consistent with the market
  structure that best aligns with the market in
  which the organization competes. You will assess
  how the market structure positively and
  negatively affects the firm and evaluate the
  efficacy of the structure's competitive
  strategies.
•  

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• ECO 365 Week 4 Differentiating Between Market
  Structures Presentation (Mayo Clinic)
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• www.tutorialrank.com
•  
• You will apply important microeconomics concepts
  toward the competitive strategies of an
  organization that operates in an industry of your
  choice. You will evaluate the differences between
  market structures and identify a group of
  competitive strategies consistent with the market
  structure that best aligns with the market in
  which the organization competes. You will assess
  how the market structure positively and
  negatively affects the firm and evaluate the
  efficacy of the structure's competitive
  strategies.
•  

26
ECO 365 course Marvelous Learning/
tutorialrank.com

• ECO 365 Week 4 Differentiating Between Market
  Structures Presentation (New Syllabus),Starbucks
• For more course tutorials visit
• www.tutorialrank.com
•  
• You will apply important microeconomics concepts
  toward the competitive strategies of an
  organization that operates in an industry of your
  choice. You will evaluate the differences between
  market structures and identify a group of
  competitive strategies consistent with the market
  structure that best aligns with the market in
  which the organization competes. You will assess
  how the market structure positively and
  negatively affects the firm and evaluate the
  efficacy of the structure's competitive
  strategies.
•  

27
ECO 365 course Marvelous Learning/
tutorialrank.com

• ECO 365 Week 4 Differentiating Between Market
  Structures Presentation (New), Apple Company
• For more course tutorials visit
• www.tutorialrank.com
•  
• You will apply important microeconomics concepts
  toward the competitive strategies of an
  organization that operates in an industry of your
  choice. You will evaluate the differences between
  market structures and identify a group of
  competitive strategies consistent with the market
  structure that best aligns with the market in
  which the organization competes. You will assess
  how the market structure positively and
  negatively affects the firm and evaluate the
  efficacy of the structure's competitive
  strategies.

28
ECO 365 course Marvelous Learning/
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• ECO 365 Week 4 Discussion Question 1 (UOP Course)
• For more course tutorials visit
• www.tutorialrank.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.

29
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• ECO 365 Week 4 Discussion Question 2 (UOP Course)
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•  
• 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?
•  

30
ECO 365 course Marvelous Learning/
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The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com