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For more course tutorials visit Uophelp is now newtonhelp.com www.newtonhelp.com ECO 204 Week 1 DQ 1 Elasticity of Demand ECO 204 Week 1 DQ 2 Marginal Utility ECO 204 Week 2 DQ 1 Tax Credits and the Labor Market ECO 204 Week 2 DQ 2 Reduction of Costs ECO 204 Week 3 DQ 1 Perfect Competition – PowerPoint PPT presentation

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Title: ECO 204 (ASH) Education Begins/newtonhelp.com


1
ECO 204 (ASH) Education Begins/newtonhelp.com
The Best way to predict the Future is to create
it.....To Best way....
www.newtonhelp.com
2
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Entire Course (Ash Course) For more
course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.com   ECO 204 Week
1 DQ 1 Elasticity of Demand ECO 204 Week 1 DQ 2
Marginal Utility ECO 204 Week 2 DQ 1 Tax Credits
and the Labor Market ECO 204 Week 2 DQ 2
Reduction of Costs ECO 204 Week 3 DQ 1 Perfect
Competition
3
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 1 DQ 1 Elasticity of Demand (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com   Elastic
ity 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. What can you infer about the
elasticity o
4
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 1 DQ 2 Marginal Utility (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com   Margina
l 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 i
5
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 2 DQ 1 Tax Credits and the Labor
Market (Ash Course) For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com   Tax Credits and the Labor Market. 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.
6
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 2 DQ 2 Reduction of Costs (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com   Reducti
on 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 productio
7
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 3 Assignment Manufacturing Industry
Evaluation (Ash Course) For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.com   Manufacturing Industry
Evaluation. 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.
8
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 3 DQ 1 Perfect Competition (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com   Perfect
Competition. A perfectly competitive industry is
initially in a short-run equilibrium in which all
firms are earning zero economic profits but
9
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic
Competition (Ash Course) For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.com   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.
10
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 4 DQ 1 Externalities (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com   Externa
lities. 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
11
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 4 DQ 2 Tax Base (Ash Course) For
more course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.com   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? What
assumptions do you make in answ
12
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 5 DQ 1 Comparative and Absolute
Advantage (Ash Course) For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.com   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 advanta
13
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 5 DQ 2 Equity versus Growth (Ash
Course) For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.com   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 resol
14
ECO 204 (ASH) Education Begins/newtonhelp.com
ECO 204 Week 5 Final Paper (potato chip industry)
(Ash Course) For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com   Focus of the Final Paper Review the
following information pertaining to the potato
chip industry and answer the questions below in a
five to six double spaced page paper (not
including title and reference pages).
15
ECO 204 (ASH) Education Begins/newtonhelp.com
The Best way to predict the Future is to create
it.....To Best way....
www.newtonhelp.com
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