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FOR MORE CLASSES VISIT www.eco365mart.com 1 During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the: cost of accommodation and food in Aspen. value of piano lessons. – PowerPoint PPT presentation

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Title: ECO 365 MART Education Your Life--eco365mart.com


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ECO 365 MART Education Your Life--eco365mart.com
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Final Exam Guide (New, 2017) FOR MORE
CLASSES VISIT www.eco365mart.com   1 During the
winter break, Sam decides to go for a skiing
vacation in Aspen instead of taking piano
lessons. The opportunity cost of the skiing
vacation is the cost of accommodation and food
in Aspen. value of piano lessons. cost of buying
a piano. amount paid to the skiing instructor.
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Final Exam Guide (New, Dec 2015) FOR MORE
CLASSES VISIT www.eco365mart.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.
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.eco365mart.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 MART Education Your Life--eco365mart.com
ECO 365 Week 1 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.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 MART Education Your Life--eco365mart.com
ECO 365 Week 1 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.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 MART Education Your Life--eco365mart.com
ECO 365 Week 1 Individual Assignment Article
Analysis FOR MORE CLASSES VISIT www.eco365mart.com
  ECO 365 Week 1 Individual Assignment Article
Analysis
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 1 Individual Assignment Economic
Analysis FOR MORE CLASSES VISIT www.eco365mart.com
  Prepare a 1,000-1,500 word paper in which you e
xplain what the difference is between a movement a
long and shift of the demand curve. Show the impac
t on the equilibrium price and quantity that resul
ts from  (1) an increase in demand, (2) an increa
se in supply, (3) an increase in both supply and d
emand.  Give an example of the role of supply and 
demand in decision making.  Post in assignments li
nk.    
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 1 Individual Assignment Economic
Definitions Worksheet FOR MORE CLASSES
VISIT www.eco365mart.com   Write the definition fo
r 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 MART Education Your Life--eco365mart.com
ECO 365 Week 1 Individual Assignment Supply and
Demand Curve Worksheet (2 Sets) FOR MORE CLASSES
VISIT www.eco365mart.com   This Tutorial contains 
2 sets of Worksheet    Complete the Supply and Dem
and Curve worksheet.Submit through the Assignmen
t tab. Answer the following questions Write the de
finition for each of the following 1. Law of Dema
nd
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 1 Ten Principles of Economics and
How Markets Work (2 Papers) FOR MORE CLASSES
VISIT www.eco365mart.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.
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 2 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.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 MART Education Your Life--eco365mart.com
ECO 365 Week 2 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.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 MART Education Your Life--eco365mart.com
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.eco365mart.com   This Tutorial contains 
3 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   Identify two microeconomics and two
macroeconomics principles or concepts from the
simulation. Explain why you have categorized
these principles or concepts as macroeconomic or
microeconomic.  
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 2 Learning Team Reflection
Production and Cost Analysis FOR MORE CLASSES
VISIT www.eco365mart.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.  
16
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 2 Team Assignment Elasticity Paper
(Substitute or Compliment) FOR MORE CLASSES
VISIT www.eco365mart.com   Reflect on why some pro
ducts become substitutes and why some are complime
nts (e.g. hot dogs and hot dog buns).  Prepare a 3
50- to 1,050- word paper detailing the findings of
 your discussion.  
17
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 2 Team Assignment Markets and the
Economics of the Public Sector (2 Papers) FOR
MORE CLASSES VISIT www.eco365mart.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. Your paper should address the
following ?Explain why equilibrium of supply
and demand is desirable.
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 2 Team Assignment Product
Substitution Versus Product Compliment FOR MORE
CLASSES VISIT www.eco365mart.com   ECO 365 Week 2 
Team Assignment Substitute vs Compliment
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 3 Current Market Conditions
Competitive Analysis FOR MORE CLASSES
VISIT www.eco365mart.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 IndustryWeek. Write a
2,100-word analysis of the current market
conditions facing your product, making sure that
you address the following topics
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 3 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.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 MART Education Your Life--eco365mart.com
ECO 365 Week 3 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.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.
22
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 3 Learning Team Reflection Summary
Market Structure FOR MORE CLASSES
VISIT www.eco365mart.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.  
23
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 week 3 Team Assignment Current Market
Conditions Competitive Analysis (3 Papers) FOR
MORE CLASSES VISIT www.eco365mart.com   This tutor
ial 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.  
24
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Differentiating Between Market
Structures Paper (New Syllabus),Starbucks FOR
MORE CLASSES VISIT www.eco365mart.com   You will a
pply important microeconomics concepts toward the 
competitive strategies of an organization that ope
rates in an industry of your choice.  You will eva
luate the differences between market structures an
d identify a group of competitive strategies consi
stent with the market structure that best aligns w
ith the market in  which the organization competes
. You will assess how the market structure positiv
ely and negatively affects the firm and evaluate t
he efficacy of the structure's competitive  strate
gies.Select an industry. 
25
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (Mayo Clinic) FOR MORE
CLASSES VISIT www.eco365mart.com   You will apply 
important microeconomics concepts toward the compe
titive strategies of an organization that operates
 in an industry of your choice.  You will evaluate
 the differences between market structures and ide
ntify a group of competitive strategies consistent
 with the market structure that best aligns with t
he market in  which the organization competes. You
 will assess how the market structure positively a
nd negatively affects the firm and evaluate the ef
ficacy of the structure's competitive strategies.S
elect an industry. Identify an organization in tha
t industry.  
26
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New Syllabus),Starbucks F
OR MORE CLASSES VISIT www.eco365mart.com   You wil
l apply important microeconomics concepts toward t
he competitive strategies of an organization that 
operates in an industry of your choice. You will e
valuate the  differences between market structures
 and identify a group of competitive strategies co
nsistent with the market structure that best align
s with the market in which the organization  compe
tes. You will assess how the market structure posi
tively and negatively affects the firm and evaluat
e the efficacy of the structure's competitive stra
tegies.
27
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New), Apple Company FOR
MORE CLASSES VISIT www.eco365mart.com   You will a
pply important microeconomics concepts toward the 
competitive strategies of an organization that ope
rates in an industry of your choice. You will eval
uate  the differences between market structures an
d identify a group of competitive strategies consi
stent with the market structure that best aligns w
ith the market in which  the organization competes
. 
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365mart.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.
29
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365mart.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?
30
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Individual Assignment
Differentiating Between Market Structures Table
FOR MORE CLASSES VISIT www.eco365mart.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  
31
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Learning Team Reflection Public
Policy in Economics FOR MORE CLASSES
VISIT www.eco365mart.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.
32
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Team Assignment Mergers and Joint
Ventures (2 Papers) FOR MORE CLASSES
VISIT www.eco365mart.com   This Tutorial Contains 
2 sets of papers     Learning Team Assignment  We
ek 4 Discuss the differences between horizontal, v
ertical and conglomerate mergers and how those dif
fer from a joint venture. Introduction  Horizontal
 Mergers  Vertical Mergers  Conglomerate Mergers 
33
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Team Assignment The Economics of
Labor Markets FOR MORE CLASSES VISIT www.eco365mar
t.com   ?ECO 365 Week 4 The Economics of Labor
Markets Select an organization your team is
familiar with or an organization where a team
member works. Develop a 15- to 20-slide
Microsoft PowerPoint presentation to be
presented to the CEOs executive committee that
addresses how your chosen organization determines
what quantity of labor to demand and what events
could shift the demand and supply of that labor.
Explain the following in your presentation ?How
your organizations production function is
related to its marginal product of labor
34
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 4 Why Are Some Occupations Paid More
than Others (4 Presentation) FOR MORE CLASSES
VISIT www.eco365mart.com   This Tutorial contains
4 Presentations ECO 365 Week 4 Why Are Some
Occupations Paid More than Others? Purpose of
Assignment The purpose of this assignment is so
students may look at the microeconomic data and
other sources for better understanding of trends
and determinants of the labor market. We will
look at the microeconomic data and other sources
for better understanding of trends and
determinants of the labor market.
35
ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 5 Team Assignment Competitive
Strategies and Government Policies (3 Papers) FOR
MORE CLASSES VISIT www.eco365mart.com   This Tutor
ial contains 3 sets of papers       Management
has recognized the effect of changes in the
real-world competitive environment and government
policies on other industries and anticipates
similar events occurring in their industry, so
they ask you for a report considering the
following points.
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 week 5 Team Assignment Competitive
Strategies and Government Policies (PPT) FOR MORE
CLASSES VISIT www.eco365mart.com   Select an organ
ization the team is familiar with and which has a 
global presence.  Management in the team's organiz
ation has recognized the effect of changes in the 
real-world competitive environment and government 
policies
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ECO 365 MART Education Your Life--eco365mart.com
ECO 365 Week 5 Theory of Consumer Choice and
Frontiers of Microeconomics FOR MORE CLASSES
VISIT www.eco365mart.com   ?ECO 365 Week 5 Theory
of Consumer Choice and Frontiers of
Microeconomics You have been asked to assist your
organizations marketing department to better
understand how consumers make economic decisions.
Write a 1,050-word analysis that includes the
following ?The impact the theory of consumer
choice has on ? Higher wages ?Demand curves
?Higher interest rates
38
ECO 365 MART Education Your Life--eco365mart.com
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