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Why does a growth mindset result in more learning? In what areas do you have a fixed mindset? In what areas do you have a growth mindset? Why?
Under what conditions will the increased demand for disco balls enable Omega Products International to make above-normal profits in the long run?
If Mr. Jernigan refuses to rent land to another farmer, what will be his accounting costs from farming corn himself on his land? What will be his economic costs
Yet in January of 2015, Blockbuster went out of business. Why couldn't Blockbuster maintain its above-normal profits?
Specifically, explain what happens to the price of beer, the number of beer producers, and the profits of beer producers.
Explain what happens to the price of beer, the number of beer producers, and the pro?ts of beer producers.
What important new knowledge did you learn? How did this new knowledge relate to microeconomic theories explored in this module, such as production?
What about Instagram or TikTok? Research these alternatives. What best fits WestJet's short and long-term social media goals? What is the criteria for success?
Describe Data Base Management Systems. Why are they so important and why are they so difficult to execute well?
What non price determinant caused a shift in demand for your product/service? Did this determinant shift demand left (decrease) or right (increase)?
Draw the original budget line and the budget line after the food stamp policy is implemented.
What is the equilibrium price quantity pair if the market is perfectly competitive? Illustrate the effect of a price floor set at $46 on the graph.
Find a price demand equation of the form p = mx + b, where p the price in USD and x is the corresponding demand in thousands of boxes.
Does the article discuss tariffs or subsidies, for example? Or maybe the benefits of free trade? The US's economic impact on the world?
What problem does Amazon present for antitrust laws- (hint-think about price)? Tie this in with the pricing mechanisms we have been learning about.
What happens to a late model year Toyota or Honda that has failed an emissions inspection in Japan and, therefore, cannot be used there?
What is the perfect combination of work and leisure? Do you think that the perfect human life has more work, or more leisure, or an equal amount of both?
What is the slope of each of the isoprofit lines? How many points on the isoprofit line through (0,12) are actually possible?
How will the increase in the demand for apples affect Grande's economic profit in the short run? Explain.
In what ways does your product or service provide utility to its customers and name one strong utility feature and weak utility feature of product or service?
Why money isn't considered a capital resource in economies? Why is entrepreneurial ability considered a category of economic resource, distinct from labour?
Unlike ocean fish, deer are not being hunted to the point of extinction. Why the difference? How are people constrained from killing too many deer? Explain.
How or when do you know when you have reached your marginal cost and you need to stop studying, so that it doesn't outweigh your marginal benefits.
Choose a commodity (a good or a service) that you are familiar with and discuss how and when demand and supply have changed (shifted) for this commodity.
Explain in words, two ways that technological progress can increase inequality. Explain in words how progressive redistribution policies can reduce inequality.