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Demonstrate knowledge of concepts including the supply/demand relationship, price ceilings and floors, and market surpluses and shortages.
(1) research your favorite consumer product (iPhone, Coca Cola, Sony PlayStation, Gucci, Lego, Frito Lay Cheetos, etc.) for changes in trend (trend analysis)
Also, describe the mathematical logic of this change using the MRS and MRT in your explanation.
A monopolist sells a product at price P and has no cost of production. The demand equation is Q = 2a - P, where Q is quantity and a is a demand shifter.
What is Maslow's hierarchy of human needs? Explain each step and give examples of each.
Using the following resources put together a plan for Zac and Mary as it relates to covering their long-term care costs.
Should the government stop providing subsidies to farmers in the agricultural sector? Please defend your answer using economic concepts.
Consider the market for basketball sneakers, which is drawn below. Answer each of the following questions.
Calculate the price elasticity of demand for Newton's Donuts and describe what it means. Describe your answer and show your calculations.
The first graph should contain the nominal GDP and real GDP, The horizontal axis is for time and the vertical axis is for the levels of GDP.
There are 11 possible main categories of Information Communications Technology (ICT) tools and technologies that can be used for policy-making purposes.
What are the determinants of consumption function? Explain their impact?
First, suppose that firms do not collude (think normal Hotelling price competition) and consider the equilibrium in a single-stage game.
What is the difference between direct and indirect price discrimination?
Discuss the influence of any federal government or state government programs, such as tax credits or tax deductions for energy-saving/efficiency purchases.
Suppose Congress votes to decrease corporate income tax rates. Use the AD/AS model to analyze the likely impact of the tax cuts on the macroeconomy.
Explain and demonstrate knowledge of concepts including the supply/demand relationship, price ceilings and floors, and market surpluses and shortages.
Be sure to also include a calculation of the cross-price elasticity of the alternative energy source and oil. Assume the current price of oil is $50/gallon.
Discuss the saving - investment gap in the USA and China. What are the economic implications for the two countries?
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitutes one product for another? Use examples to illustrate.
Choose an issue within the topic of globalization that interests you and fits within your PhDIT concentration or research area of interest.
Do the variables differ for the purchase of durable goods (automobiles, major appliances, etc.) versus non-durable goods (food, clothing, entertainment, etc.)?
Discuss at least 2 reasons for the change in this scenario: Early suppliers of more fuel-efficient cars were able to charge premium prices for them, but that ab
Explain why monopoly sellers usually offer discount prices to buyers who are willing to mail in a rebate coupon or endure some other type of inconvenience.