Economics

Select any topic covered in the course in Weeks 1 through 9. Write a 7 page paper modeled as a policy recommendation in which you: Briefly describe the economic problem you have selected. Discuss the major impact to society of the problem. Design a proposed economic policy solution to the problem. Discuss how economic theory […]

1) A monopolist faces the following demand curve P=222-2Q. The monopolist’s cost is given by C=2Q. (a) Calculate the profit-maximizing quantity and the corresponding price. What is the resulting profit/loss. Calculate the monopolist’s markup. (b) Calculate the profit-maximizing quantity and the corresponding price if this firm were competitive and charged marginal-cost-prices? What is the resulting […]

Joseph Farms, Inc. is a small firm in the agricultural industry. They have asked you to help them complete the limited data they have gathered in an effort to enable effective decision-making. Some work can be done using MS Excel but it must be copied to an MS Word file for the final submission of […]

A doctoral student has just completed a study for her dissertation and found the following demand and supply schedules for hand held computers to be as follows: Price/Computer Quantity Demanded Quantity Supplied $200 1000 2200 175 1250 2050 150 1500 1900 125 1750 1750 100 2000 1600 75 2250 1450 50 2500 1300 25 2750 […]

Deliverable Length: 800–1,000 words The financial crisis of 2008 caused macroeconomists to rethink monetary and fiscal policies. Economists, financial experts, and government policy makers are victims of what former Fed chairman Alan Greenspan called a “once in a century credit tsunami”—in other words, nobody saw it coming. Based on the analysis of the data, share […]

You have been hired as a consultant by your local mayor to look at the various market structures. Your role is to provide analysis and answers to these important questions that will help the mayor understand the structures of many of the businesses in his city: Describe each market structure discussed in the course (perfect […]

You are the manager of the surgery department at a hospital which serves mostly Medicare patients. The hospital performs 1,000 surgical operations per year using the traditional method. The Medicare payment for a surgical operation using the traditional method is 2,250 dollars and the cost to the hospital per operation it 1,750 dollars. You have […]

1. Jennifer Trucking Company operates a large rig transportation business in Texas that transports locally grown vegetables to San Diego, California. The company owns 5 large rigs and hires local drivers paid fixed salaries monthly, regardless of the number of trips or tons of cargo that each driver transports each month. The below table presents […]

Cold Case, Inc., produces beverage containers used by fast food franchises. This is a perfectly competitive market. Production limitations require that cup lots be produced only in units of 100 as shown in the table below. The following relation exists between the firm’s beverage container output per hour and total production costs:   Q TC […]

You have been hired as a consultant by your local mayor to look at the various market structures. Your role is to provide analysis and answers to these important questions that will help the mayor understand the structures of many of the businesses in his city: 1. Describe each market structure discussed in the course […]