Title: ECO 365 GUIDE GREAT WISDOM\eco365guide.com
1ECO 365 GUIDE GREAT WISDOM\eco365guide.com
2ECO 365 GUIDE GREAT WISDOM
ECO 365 Final Exam Guide (New, Dec 2015) FOR MORE
CLASSES VISIT www.eco365guide.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.
3ECO 365 GUIDE GREAT WISDOM
ECO 365 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.eco365guide.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____
4ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 1 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365guide.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.
5ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 1 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365guide.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?
6ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 1 Individual Assignment Article
Analysis FOR MORE CLASSES VISIT www.eco365guide.co
m ECO 365 Week 1 Individual Assignment Article
Analysis
7ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 1 Individual Assignment Economic
Analysis FOR MORE CLASSES VISIT www.eco365guide.co
m 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,
8ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 1 Individual Assignment Economic
Definitions Worksheet FOR MORE CLASSES
VISIT www.eco365guide.com Write the definition
for each of the following 1. Law of
Demand 2. Law of Supply 3. Price
Elasticity of Demand
9ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 1 Individual Assignment Supply and
Demand Curve Worksheet (2 Sets) FOR MORE CLASSES
VISIT www.eco365guide.com This Tutorial
contains 2 sets of Worksheet Complete the
Supply and Demand Curve worksheet. Submit
through the Assignment tab. Answer the following
questions
10ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 1 Ten Principles of Economics and
How Markets Work (2 Papers) FOR MORE CLASSES
VISIT www.eco365guide.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
11ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 2 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365guide.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.
12ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 2 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365guide.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.
13ECO 365 GUIDE GREAT WISDOM
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.eco365guide.com 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
14ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 2 Learning Team Reflection
Production and Cost Analysis FOR MORE CLASSES
VISIT www.eco365guide.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.
15ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 2 Team Assignment Elasticity Paper
(Substitute or Compliment) FOR MORE CLASSES
VISIT www.eco365guide.com 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.
16ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 2 Team Assignment Markets and the
Economics of the Public Sector (2 Papers) FOR
MORE CLASSES VISIT www.eco365guide.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.
17ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 2 Team Assignment Product
Substitution Versus Product Compliment FOR MORE
CLASSES VISIT www.eco365guide.com ECO 365 Week
2 Team Assignment Substitute vs Compliment
18ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 3 Current Market Conditions
Competitive Analysis FOR MORE CLASSES
VISIT www.eco365guide.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
19ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 3 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365guide.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?
20ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 3 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365guide.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.
21ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 3 Learning Team Reflection Summary
Market Structure FOR MORE CLASSES
VISIT www.eco365guide.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.
22ECO 365 GUIDE GREAT WISDOM
ECO 365 week 3 Team Assignment Current Market
Conditions Competitive Analysis (3 Papers) FOR
MORE CLASSES VISIT www.eco365guide.com This
tutorial 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.
23ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 4 Differentiating Between Market
Structures Paper (New Syllabus),Starbucks FOR
MORE CLASSES VISIT www.eco365guide.com You will
apply important microeconomics concepts toward
the competitive strategies of an organization
that operates in an industry of your choice.
24ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (Mayo Clinic) FOR MORE
CLASSES VISIT www.eco365guide.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
25ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New Syllabus),Starbucks F
OR MORE CLASSES VISIT www.eco365guide.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
26ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New), Apple Company FOR
MORE CLASSES VISIT www.eco365guide.com You will
apply important microeconomics concepts toward
the competitive strategies of an organization
that operates in an industry of your choice.
27ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 4 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365guide.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
28ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 4 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365guide.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?
29ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 4 Individual Assignment
Differentiating Between Market Structures
Table FOR MORE CLASSES VISIT www.eco365guide.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
30ECO 365 GUIDE GREAT WISDOM
ECO 365 Week 4 Learning Team Reflection Public
Policy in Economics FOR MORE CLASSES
VISIT www.eco365guide.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.
31ECO 365 GUIDE GREAT WISDOM