ECO 365 Inspiring Minds/newtonhelp.com

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ECO 365 Inspiring Minds/newtonhelp.com
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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Final Exam Guide (New, 2017)
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• For more course tutorials visit
• www.newtonhelp.com
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• 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 Inspiring Minds/newtonhelp.com

• ECO 365 Final Exam Guide (New, Dec 2015)
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• For more course tutorials visit
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• www.newtonhelp.com
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• 1). The DeBeers company is a profit-maximizing mon
  opolist that exercises monopoly power in the distr
  ibution of diamonds. If the company earns positive
   economic profits this year, the price of diamonds
   will  
• Exceed the marginal cost of diamonds but equal t
  o the average total cost of diamonds.  
• Exceed both the marginal cost and the average to
  tal cost of diamonds.  

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Final Exam Guide 1
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• For more course tutorials visit
• www.newtonhelp.com
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• 1Because 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
• 5Refer to the table shown. Diminishing marginal
  productivity begins when the

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 1 Discussion Question 1
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• 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 Inspiring Minds/newtonhelp.com

• ECO 365 Week 1 Discussion Question 2
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• 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 Inspiring Minds/newtonhelp.com

• ECO 365 Week 1 Individual Assignment Article
  Analysis
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• ECO 365 Week 1 Individual Assignment Article
  Analysis

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 1 Individual Assignment Economic
  Analysis
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• For more course tutorials visit
• www.newtonhelp.com
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• 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. 
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• Format your paper consistent with APA guidelines. 

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 1 Individual Assignment Economic
  Definitions Worksheet
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• 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
• Identify 2 products whose demand is price
  inelastic.
• Which of the following graphs best demonstrates
  the law of demand?

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 1 Individual Assignment Supply and
  Demand Curve Worksheet (2 Sets)
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• This Tutorial contains 2 sets of Worksheet
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• Complete the Supply and Demand Curve
  worksheet.Submit through the Assignment tab.
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• Answer the following questions
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• Write the definition for each of the following
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• Law of Demand

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 1 Ten Principles of Economics and
  How Markets Work (2 Papers)
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• This Tutorial contains 2 Papers
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• 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
•   How people make decisions
•   How people interact
•   How the economy as a whole works
• Explain the following to help the committee
  members understand how markets work

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 2 Discussion Question 1
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• For more course tutorials visit
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• 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 Inspiring Minds/newtonhelp.com

• ECO 365 Week 2 Discussion Question 2
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• 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 Inspiring Minds/newtonhelp.com

• ECO 365 week 2 Individual Assignment Supply and
  Demand Simulation (Microeconomics and the Laws of
  Supply and Demand ) (3 Papers)
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• For more course tutorials visit
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• 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.
•          Identify at least one shift of the
  supply curve and one shift of the demand curve in
  the simulation. What causes the shifts?

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 2 Learning Team Reflection
  Production and Cost Analysis
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• For more course tutorials visit
• www.newtonhelp.com
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• 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.
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• Prepare a 350- to 1,050- word paper detailing the
  findings of your discussion.

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 2 Team Assignment Elasticity Paper
  (Substitute or Compliment)
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• For more course tutorials visit
• www.newtonhelp.com
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• Reflect on why some products become substitutes
  and why some are compliments (e.g. hot dogs and
  hot dog buns).
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• Prepare a 350- to 1,050- word paper detailing the
  findings of your discussion.

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 2 Team Assignment Markets and the
  Economics of the Public Sector (2 Papers)
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• For more course tutorials visit
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• 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 Inspiring Minds/newtonhelp.com

• ECO 365 Week 2 Team Assignment Product
  Substitution Versus Product Compliment
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• ECO 365 Week 2 Team Assignment Substitute vs
  Compliment

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 3 Current Market Conditions
  Competitive Analysis
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• 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
•   Define the type of market in which your
  selected product will compete, along with an
  analysis of competitors and customers.

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 3 Discussion Question 1
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• For more course tutorials visit
• www.newtonhelp.com
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• 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 Inspiring Minds/newtonhelp.com

• ECO 365 Week 3 Discussion Question 2
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• For more course tutorials visit
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• 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 Inspiring Minds/newtonhelp.com

• ECO 365 Week 3 Learning Team Reflection Summary
  Market Structure
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• For more course tutorials visit
• www.newtonhelp.com
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•  
•  
• 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 Inspiring Minds/newtonhelp.com

• ECO 365 week 3 Team Assignment Current Market
  Conditions Competitive Analysis (3 Papers)
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• For more course tutorials visit
• www.newtonhelp.com
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•  
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• 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.

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 4 Differentiating Between Market
  Structures Paper (New Syllabus),Starbucks
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• For more course tutorials visit
• www.newtonhelp.com
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• 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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• Select an industry. Identify an organization in
  that industry. You may use the company you used
  for the Week 3 Learning Team assignment or you
  may select a new organization. Your selected
  organization must be submitted for instructor
  approval.
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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 4 Differentiating Between Market
  Structures Presentation (Mayo Clinic)
•  
•  
• For more course tutorials visit
• www.newtonhelp.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 Inspiring Minds/newtonhelp.com

• ECO 365 Week 4 Differentiating Between Market
  Structures Presentation (New Syllabus),Starbucks
•  
• For more course tutorials visit
• www.newtonhelp.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.
•  
• Select an industry. Identify an organization in
  that industry. You may use the company you used
  for the Week 3 Learning Team assignment or you
  may select a new organization. Your selected
  organization must be submitted for instructor
  approval.
•  
• Identify the market structure in which this
  organization competes. Clearly indicate why the
  market structure was decided upon, and how this
  market structure differentiates from the other
  alternatives.
•  How might the company you selected find itself
  working with organizations in the same industry
  that are an oligopoly, p

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 4 Differentiating Between Market
  Structures Presentation (New), Apple
•  
• For more course tutorials visit
• www.newtonhelp.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.
•  
• Select an industry. Identify an organization in
  that industry. You may use the company you used
  for the Week 3 Learning Team assignment or you
  may select a new organization. Your selected
  organization must be submitted for instructor
  approval.
•  
• Identify the market structure in which this
  organization competes. Clearly indicate why the
  market structure was decided upon, and how this
  market structure differentiates from the other
  alternatives.
•  

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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 4 Discussion Question 1
•  
• For more course tutorials visit
• www.newtonhelp.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 Inspiring Minds/newtonhelp.com

• ECO 365 Week 4 Discussion Question 2
•  
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
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• 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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ECO 365 Inspiring Minds/newtonhelp.com

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• ECO 365 Week 4 Individual Assignment
  Differentiating Between Market Structures Table
• For more course tutorials visit
• www.newtonhelp.com
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• For this assignment, you will choose from the
  following options
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• o   Option 1 Differentiating Between Market
  Structures in Kudler
• o   Option 2 Differentiating Between Market
  Structures in an Organization of Your Choice
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ECO 365 Inspiring Minds/newtonhelp.com

• ECO 365 Week 4 Learning Team Reflection Public
  Policy in Economics
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• For more course tutorials visit
• www.newtonhelp.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 Inspiring Minds/newtonhelp.com