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What are they? What is the key difference between an economy of scale and an economy of scope?
Is the demand curve for your product relatively elastic, inelastic or unitary elastic?
Read the articles: 1) The Boomerang effect. 2) Comparative Advantage and American Jobs.
How offshore is affected by recent (actual or proposed) changes in trade policies.
How would you characterize an economic slowdown? What are the causes and effects of such an economic slowdown on the domestic economy?
Article review on economic growth, article being reviewed has to be less than 5 years old. Two page essay using gordon rule grading system.
How would you conclusion change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month?
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.
Which are variable in the production function of William's pizza shop? Over what ranges do there appear to be increasing, constant.
Calculate the price elasticity of demand for Newton's Donuts and describe what it means. Describe your answer and show your calculations.
Identify all the costs in the decision process, including explicit costs, implicit costs and sunk costs.
Explain what is meant by "contribution analysis". Carefully define the term and provide examples to illustrate it.
How is increasing of the price going to impact the company's revenues given its demand elasticity?
What are the profit-maximizing price and output levels? Explain them and calculate algebraically for equilibrium P (price) and Q (output).
In 300 words or more, discuss one current event article and explain how economic theory can be applied to analyze the information presented.
A bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill.
Describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage.
Why are trade wars harmful to all parties involved? What was Apple's ‘compelling argument' against tariffs?
How are GM foods different from regular foods? How did some people show their opposition to GM foods?
Inflation and Analyses of Monetary Policies Grading Guide. Tutorial help on Excel and Word functions can be found on the Microsoft Office website.
Compare the competitors products to your product. Are they exactly the same, similar, very different? Explain.
Independent trucking is an industry that can be considered perfectly competitive.
Analyze the trends in overall inflation over the last five years and whether your income has kept pace with inflation.
Most of these organic products are sold locally at farmers markets and cooperatives, which are competitive markets. There are many buyers and sellers.
Conduct research into the different types of insurance programs that might be available in an organizations compensation & benefits package.