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ECO 365 Final Exam Guide (New, Dec 2015) For more
course tutorials visit www.tutorialrank.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. 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 For more course
tutorials visit www.tutorialrank.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____ 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 For more
course tutorials visit www.tutorialrank.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.
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ECO 365 Week 1 Discussion Question 2 (UOP
Course) For more course tutorials
visit www.tutorialrank.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?
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ECO 365 Week 1 Individual Assignment Article
Analysis Paper (UOP Course) For more course
tutorials visit www.tutorialrank.com ECO 365 Week
1 Individual Assignment Article Analysis Paper
(UOP Course)
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ECO 365 Week 1 Individual Assignment Economic
Analysis For more course tutorials
visit www.tutorialrank.com 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 For more course tutorials
visit www.tutorialrank.com 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) For more course
tutorials visit www.tutorialrank.com 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
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ECO 365 Week 1 Ten Principles of Economics and
How Markets Work (2 Papers) For more course
tutorials visit www.tutorialrank.com 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.
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ECO 365 Week 2 Discussion Question 1 (UOP
Course) For more course tutorials
visit www.tutorialrank.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.
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ECO 365 Week 2 Discussion Question 2 (UOP
Course) For more course tutorials
visit www.tutorialrank.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.
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ECO 365 week 2 Individual Assignment Supply and
Demand Simulation (Microeconomics and the Laws of
Supply and Demand ) (3 Papers) For more course
tutorials visit www.tutorialrank.com 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) For
more course tutorials visit www.tutorialrank.com D
iscuss 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) For more course
tutorials visit www.tutorialrank.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.
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ECO 365 Week 2 Team Assignment Markets and the
Economics of the Public Sector (2 Papers) For
more course tutorials visit www.tutorialrank.com
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
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ECO 365 Week 2 Team Assignment Product
Substitution Versus Product Compliment For more
course tutorials visit www.tutorialrank.com ECO
365 Week 2 Team Assignment Substitute vs
Compliment
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ECO 365 Week 3 Current Market Conditions
Competitive Analysis For more course tutorials
visit www.tutorialrank.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 and a product produced by that
organization from Industry Week.
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ECO 365 Week 3 Discussion Question 1 (UOP
Course) For more course tutorials
visit www.tutorialrank.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? 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) For more course tutorials
visit www.tutorialrank.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.
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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.
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ECO 365 week 3 Team Assignment Current Market
Conditions Competitive Analysis (2 Papers) For
more course tutorials visit www.tutorialrank.com T
his 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 Select a
potential competitive organization and a product
in that organization. Write a 1,400 1,750-word
paper of no more than analyzing the current
market conditions. Address the following topics
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ECO 365 Week 4 Differentiating Between Market
Structures Paper (New Syllabus),Starbucks For
more course tutorials visit www.tutorialrank.com Y
ou 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) 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.
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ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New Syllabus),Starbucks F
or more course tutorials visit www.tutorialrank.co
m 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 Extraordinary Success/
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ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New), Apple Company For
more course tutorials visit www.tutorialrank.com Y
ou 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 Extraordinary Success/
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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.
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ECO 365 Week 4 Discussion Question 2 (UOP
Course) For more course tutorials
visit www.tutorialrank.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?
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The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com