ECO 204 Squared Instruction Uophelp

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ECO 204 Course Tutorial

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ECO 204 Entire Course

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• ECO 204 Week 1 DQ 1 Elasticity of DemandECO 204
  Week 1 DQ 2 Marginal UtilityECO 204 Week 2 DQ 1
  Tax Credits and the Labor MarketECO 204 Week 2
  DQ 2 Reduction of CostsECO 204 Week 3 DQ 1
  Perfect CompetitionECO 204 Week 3 DQ 2
  Oligopoly/Monopolistic CompetitionECO 204 Week 3
  Assignment Manufacturing Industry EvaluationECO
  204 Week 4 DQ 1 Externalities

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ECO 204 Week 1 DQ 1 Elasticity of Demand

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• Elasticity of Demand. 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.

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ECO 204 Week 1 DQ 2 Marginal Utility

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• 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

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ECO 204 Week 2 DQ 2 Reduction of Costs

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• Reduction of Costs. 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? Explain your answer and respond
  to at least two of your fellow students
  postings.

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ECO 204 Week 4 DQ 2

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• Do you consider the new approach to teaching the
  concepts of database normalization introduced in
  the Wang (2010) article easier for you to grasp? 
  Explain why.

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ECO 204 Week 3 DQ 1 Perfect Competition

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• Perfect 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.

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ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic
Competition

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• Oligopoly/Monopolistic Competition. 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.
• a. Athletic shoes

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ECO 204 Week 4 DQ 1 Externalities

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• Externalities. 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.

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ECO 204 Week 4 DQ 2 Tax Base

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• Tax Base. 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?

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ECO 204 Week 5 DQ 1 Comparative and Absolute
Advantage

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• Comparative and Absolute Advantage. 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
• .

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ECO 204 Week 5 DQ 2 Equity versus Growth

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• Equity versus Growth. 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 Course Tutorial

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