ECO 204 Potential Instructors / tutorialrank.com

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ECO 204 potential Instructors / tutorialrank
ASHFORD ECO 204 Week 1 DQ 1 Elasticity of Demand
ASHFORD ECO 204 Entire Course
ECO 204 Week 1 DQ 1 Circular Flow Diagram ECO 204
Week 1 DQ 2 Supply and Demand ECO 204 Week 2 DQ 1
Elasticity ECO 204 Week 2 DQ 2 Externalities ECO
204 Week 2 Raise or Lower Tuition ECO 204 Week 3
DQ 1 Short and Long Run ECO 204 Week 3 DQ 2 Fixed
and Variable Costs ECO 204 Week 4 DQ 1 Market
Structures ECO 204 Week 4 DQ 2 Barriers to Entry
Taxicab fares in most cities are regulated.
Several years ago taxicab drivers in Boston
obtained permission to raise their fares 10
percent, and they anticipated that revenues would
increase by about 10 percent as a result.
However, when the commissioner granted the 10
percent increase, revenues increased by only
about 5 percent. What can you infer about the
elasticity of demand for taxicab rides? What were
taxicab drivers assuming about the elasticity of
demand? Respond to at least two of your fellow
students postings.  
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ECO 204 potential Instructors / tutorialrank
ASHFORD ECO 204 Week 2 DQ 1 Tax Credits and the
Labor Market
ASHFORD ECO 204 Week 1 DQ 2 Marginal Utility
Suppose that you observe that total utility rises
as more of an item is consumed. What can you say
for certain about marginal utility? Can you say
for sure that it is rising or falling or that it
is positive or negative? When does the law of
diminishing marginal utility set in and what does
this illustrate about where you should stop
consuming if you were eating at an all you can
eat buffet? Respond to at least two of your
fellow students postings
Many states provide firms with an investment tax
credit that effectively reduces the price of
capital. In theory, these credits are designed to
stimulate new investment and thus create jobs.
Critics have argued that if there are strong
factor substitution effects, these subsidies
could reduce employment in the state. Explain
their argument. How does this affect the labor
market? Respond to at least two of your fellow
students postings
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ECO 204 potential Instructors / tutorialrank
ASHFORD ECO 204 Week 2 DQ 2 Reduction of Costs
ASHFORD ECO 204 Week 3 Assignment Manufacturing
Industry Evaluation
In an effort to reduce their total costs, many
companies are now replacing paychecks with
payroll cards, which are stored-value cards onto
which the companies can download employees wages
and salaries electronically. If the only factor
of production that a company varies in the short
run is the number of hours worked by people on
its payroll, would shifting from paychecks to
payroll cards reduce the firms total fixed costs
or its total variable costs?
Economists sometimes use concentration ratios to
evaluate whether industries are oligopolies. In
this assignment, you will make your own
determination using the most recent data
available. You will also discuss the merits and
disadvantages of oligopolies in light of your
research.
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ECO 204 potential Instructors / tutorialrank
ASHFORD ECO 204 Week 3 DQ 1 Perfect Competition
ASHFORD ECO 204 Week 3 DQ 2 Oligopoly
Monopolistic Competition
A perfectly competitive industry is initially in
a short-run equilibrium in which all firms are
earning zero economic profits but are operating
below their minimum efficient scale. Explain the
long-run adjustments that will create equilibrium
with firms operating at their minimum efficient
scale. Why is a perfect competitive firm
associated with efficiency for both consumers and
businesses? Respond to at least two of your
fellow students postings.
Which of the following industries would you
classify as an oligopoly? Which would you
classify as monopolistically competitive? Make
sure in your answer to relate it to the
characteristics of the market structures. Explain
your answer. If you are not sure, what
information do you need to know to decide?
Respond to at least two of your fellow students
postings.
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ECO 204 potential Instructors / tutorialrank
ASHFORD ECO 204 Week 4 DQ 1 Externalities
ASHFORD ECO 204 Week 4 DQ 2 Tax Base
It has been proposed that toll collection on the
Massachusetts Turnpike, a key commuter route into
Boston from the west, be discontinued. Proponents
argue that tolls have long ago paid for the cost
of building the road now they just provide cash
for tax bureaucracy. A number of economists are
opposing the repeal of tolls on the grounds that
they serve to internalize externalities.
Suppose a special tax was introduced that used
the value of ones automobile as the tax base.
Each person would pay taxes equal to 10 percent
of the value of his or her car. Would the tax be
proportional, progressive, or regressive? What
assumptions do you make in answering this
question? Do you think the tax that was imposed
either efficient or equitable? Respond to at
least two of your fellow students postings.
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ECO 204 potential Instructors / tutorialrank
ASHFORD ECO 204 Week 5 DQ 1 Comparative and
Absolute Advantage
ASHFORD ECO 204 Week 5 DQ 2 Equity versus Growth
If you were President of the US and you were
making decisions on trading, would you rather
have a comparative or absolute advantage in
trading? Can you have both a comparative and
absolute advantage in trading? If so, what if at
all would be the benefit for your country to
trade with any other country? Respond to at least
two of your fellow students postings
For a developing country to grow, it needs
capital. The major source of capital in most
countries is domestic saving, but the goal of
stimulating domestic saving usually is in
conflict with government policies aimed at
reducing inequality in the distribution of
income. Comment on this trade-off between equity
and growth. How would you go about resolving the
issue if you were the president of a small, poor
country? Respond to at least two of your fellow
students postings.
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ECO 204 potential Instructors / tutorialrank
ASHFORD ECO 204 Week 5 Final Paper (potato chip
industry)
In 2007, the potato chip industry in the
Northwest was competitively structured and in
long-run competitive equilibrium firms were
earning a normal rate of return and were
competing in a monopolistically competitive
market structure. In 2008, two smart lawyers
quietly bought up all the firms and began
operations as a monopoly called Wonks. To
operate efficiently, Wonks hired a management
consulting firm, which estimated a different
long-run competitive equilibrium.
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ECO 204 potential Instructors / tutorialrank
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