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Monopoly Price Relationship To Demand Elasticity.edited

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Running head: MONOPOLY PRICE RELATIONSHIP TO DEMAND Monopoly Price Relationship to Demand Elasticity Name Institutional affiliation 1 MONOPOLY PRICE RELATIONSHIP TO DEMAND 2 Monopoly Price Relationship to Demand Elasticity Introduction From what I have learned about the relationship between monopoly price and whether or not demand is elastic, unitary or inelastic, I can attest that a monopolist can charge any amount for its worth regardless of the constraint in terms of demand. No monopolist is seriously given protection by high barriers to entry, which can need for consumers to buy its commodities. Since monopolist is the only firm present in the market, the demand curve becomes the same as that in the market. This is not the case when it comes to an excellently competitive firm whose curve slopes downward. “Ped is important to firms in the sense that they can use it to make p ...
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Eco110 Assignment 3 Personal Financial Analysis

I used pie charts to show the spending allocations for months 1, 2, and 3 to permit visual checks. Comparing to other grap ...

Eco110 Assignment 3 Personal Financial Analysis

I used pie charts to show the spending allocations for months 1, 2, and 3 to permit visual checks. Comparing to other graphs/charts used for financial ...

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Minimum wages have been repeatedly defined as the minimum amount of money that an employer is expected to compensate his o ...

Minimum wages have been repeatedly defined as the minimum amount of money that an employer is expected to compensate his or her employees bound by a ...

Week 1 FNCE Discussion: Unethical Financial Practices

Unfortunately, unethical—and sometimes illegal—financial practices are a common source of difficulty for many companie ...

Week 1 FNCE Discussion: Unethical Financial Practices

Unfortunately, unethical—and sometimes illegal—financial practices are a common source of difficulty for many companies. You have undoubtedly heard one or more news stories in the past several years of companies who have found themselves under scrutiny due to questionable transactions. Some of these unethical practices include manipulating financial statements with schemes such as accelerating revenues, using off-balance sheet items to hide expenses or book phantom profits, delaying expenses, channel stuffing, earnings manipulation, and other arrangements. Companies need to be held responsible for these tactics, as an ethical workplace environment starts at the top. In this Discussion, you and your colleagues will explore the factors that contribute to unethical financial practices in an organization. Post a 150- to 225-word (2- to 3-paragraph) explanation of unethical practices related to financial reporting methods for a selected business. In your explanation, do the following:Briefly describe the company you identified that was involved in an unethical practice related to financial reporting.Explain what the unethical practice related to financial reporting methods is.Explain how you think something like this can happen at a company. Specifically, what are the contributing factors for this instance, as well as in general?Describe what measures you would put in place to prevent situations like this from occurring in the future.To support your response, be sure to reference at least one properly cited scholarly source.

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Economic question

1) Explain how the United States, being a large economy with an abundance of natural resources, labor, and capital, can be ...

Economic question

1) Explain how the United States, being a large economy with an abundance of natural resources, labor, and capital, can benefit by not being in autarky.2) It was shown in the video that the United States had the comparative advantage in burgers. Using the table below, show and explain how Mexico has the comparative advantage in phones.MexicoUnited StatesPossibilityBurgersPhonesBurgersPhonesA60120B4888C216416D0240243) From your answer in the previous question, what is the opportunity cost of burgers for the United States, i.e. how many burgers must the United States give up to produce one phone? What would be an agreeable terms of trade for 1 phone?4) At the end of the video, a supply and demand graph of the phone market for both countries was shown. Explain why Mexico exported phones to the United States.5) Suppose, the market for burgers was shown rather than the market for phones in the supply and demand graphs. For the United States to export burgers and Mexico to import burgers, what would world price need to be, in each country, relative to the domestic price?6) Lastly, explain what a tariff is and the effect it can have on burger imports for Mexico.

ECO 110 Strayer University Economics Worksheet

SCENARIO: Three months have passed since you created your first financial plan (i.e., the Unit 2 Touchstone). In that time ...

ECO 110 Strayer University Economics Worksheet

SCENARIO: Three months have passed since you created your first financial plan (i.e., the Unit 2 Touchstone). In that time, your budget has gone through some changes. The good news is that your income has increased because of your strong performance at work. However, health care and miscellaneous costs have gone up along with your earnings. You will need to reallocate your monthly budget based on these changes to see how you’re progressing toward your original savings goal.While you appreciate numbers and figures, you also know that a strong financial analysis needs visual information. As part of your progress check, you’ve committed to creating a set of graphs that you can share with your financial advisor.ASSIGNMENT: This assignment has two parts. In part 1, you will analyze personal finance data based on the scenario described above. You’ll use your problem solving and agility skills to balance three monthly budgets, and you’ll use your technology skill to graph the spending allocations in each of them. Finally, you’ll sharpen all three skills as you calculate and graph the progress you’re making toward your original savings goal.In part 2, you will answer reflection questions about the decisions you made, identify how to create more savings opportunities, and make predictions about life and economic impacts that could affect the future of your plan.For this assignment, you will:Create three monthly budgets and perform a personal financial analysis using Microsoft Excel.Summarize changes in expenditures between budgets.Show the results of the analysis using appropriate graphs in Excel.Explain how the graph types you have selected will help your financial advisor understand the data.Discuss the results of the financial analysis including savings achievements, future budget modifications, and life impacts that could derail the budget in the coming year.Reflect on what the analysis might reasonably look like in one year, accounting for economic factors such as inflation and the consumer price index.Download the Excel template below, which further breaks down the steps involved in this assignment. You will return the completed template as your Touchstone submission.Assignment TemplateA. ASSIGNMENT GUIDELINESDIRECTIONS: Refer to the lists below throughout the assignment. Do not submit your Touchstone until it meets these guidelines.1. ANALYZING YOUR PERSONAL FINANCES❒ Have you populated the tables for Month 1, Month 2, and Month 3 with your budgeting information?❒ Have you verified that all amounts are displayed on a monthly (not annual) basis?❒ Have you verified that the sum of your expenditures (including savings) equals your employment income?❒ Have you populated the Savings Progress table?❒ Have you selected the most effective graph type for each of your data sets?❒ Have you left all predetermined formulas intact?2. REFLECTION QUESTIONS❒ Have you directly answered each question that was asked?❒ Have you provided sufficient evidence to support each of your answers?❒ Have you made clear and logical connections between your conclusions and the data used in the financial analysis?❒ Have you leveraged content from the course tutorials about economic factors?❒ Have you included sufficient detail in your answers?

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3 pages

Eco110 Assignment 3 Personal Financial Analysis

I used pie charts to show the spending allocations for months 1, 2, and 3 to permit visual checks. Comparing to other grap ...

Eco110 Assignment 3 Personal Financial Analysis

I used pie charts to show the spending allocations for months 1, 2, and 3 to permit visual checks. Comparing to other graphs/charts used for financial ...

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Minimum wages have been repeatedly defined as the minimum amount of money that an employer is expected to compensate his o ...

Minimum wages have been repeatedly defined as the minimum amount of money that an employer is expected to compensate his or her employees bound by a ...

Week 1 FNCE Discussion: Unethical Financial Practices

Unfortunately, unethical—and sometimes illegal—financial practices are a common source of difficulty for many companie ...

Week 1 FNCE Discussion: Unethical Financial Practices

Unfortunately, unethical—and sometimes illegal—financial practices are a common source of difficulty for many companies. You have undoubtedly heard one or more news stories in the past several years of companies who have found themselves under scrutiny due to questionable transactions. Some of these unethical practices include manipulating financial statements with schemes such as accelerating revenues, using off-balance sheet items to hide expenses or book phantom profits, delaying expenses, channel stuffing, earnings manipulation, and other arrangements. Companies need to be held responsible for these tactics, as an ethical workplace environment starts at the top. In this Discussion, you and your colleagues will explore the factors that contribute to unethical financial practices in an organization. Post a 150- to 225-word (2- to 3-paragraph) explanation of unethical practices related to financial reporting methods for a selected business. In your explanation, do the following:Briefly describe the company you identified that was involved in an unethical practice related to financial reporting.Explain what the unethical practice related to financial reporting methods is.Explain how you think something like this can happen at a company. Specifically, what are the contributing factors for this instance, as well as in general?Describe what measures you would put in place to prevent situations like this from occurring in the future.To support your response, be sure to reference at least one properly cited scholarly source.

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Economic question

1) Explain how the United States, being a large economy with an abundance of natural resources, labor, and capital, can be ...

Economic question

1) Explain how the United States, being a large economy with an abundance of natural resources, labor, and capital, can benefit by not being in autarky.2) It was shown in the video that the United States had the comparative advantage in burgers. Using the table below, show and explain how Mexico has the comparative advantage in phones.MexicoUnited StatesPossibilityBurgersPhonesBurgersPhonesA60120B4888C216416D0240243) From your answer in the previous question, what is the opportunity cost of burgers for the United States, i.e. how many burgers must the United States give up to produce one phone? What would be an agreeable terms of trade for 1 phone?4) At the end of the video, a supply and demand graph of the phone market for both countries was shown. Explain why Mexico exported phones to the United States.5) Suppose, the market for burgers was shown rather than the market for phones in the supply and demand graphs. For the United States to export burgers and Mexico to import burgers, what would world price need to be, in each country, relative to the domestic price?6) Lastly, explain what a tariff is and the effect it can have on burger imports for Mexico.

ECO 110 Strayer University Economics Worksheet

SCENARIO: Three months have passed since you created your first financial plan (i.e., the Unit 2 Touchstone). In that time ...

ECO 110 Strayer University Economics Worksheet

SCENARIO: Three months have passed since you created your first financial plan (i.e., the Unit 2 Touchstone). In that time, your budget has gone through some changes. The good news is that your income has increased because of your strong performance at work. However, health care and miscellaneous costs have gone up along with your earnings. You will need to reallocate your monthly budget based on these changes to see how you’re progressing toward your original savings goal.While you appreciate numbers and figures, you also know that a strong financial analysis needs visual information. As part of your progress check, you’ve committed to creating a set of graphs that you can share with your financial advisor.ASSIGNMENT: This assignment has two parts. In part 1, you will analyze personal finance data based on the scenario described above. You’ll use your problem solving and agility skills to balance three monthly budgets, and you’ll use your technology skill to graph the spending allocations in each of them. Finally, you’ll sharpen all three skills as you calculate and graph the progress you’re making toward your original savings goal.In part 2, you will answer reflection questions about the decisions you made, identify how to create more savings opportunities, and make predictions about life and economic impacts that could affect the future of your plan.For this assignment, you will:Create three monthly budgets and perform a personal financial analysis using Microsoft Excel.Summarize changes in expenditures between budgets.Show the results of the analysis using appropriate graphs in Excel.Explain how the graph types you have selected will help your financial advisor understand the data.Discuss the results of the financial analysis including savings achievements, future budget modifications, and life impacts that could derail the budget in the coming year.Reflect on what the analysis might reasonably look like in one year, accounting for economic factors such as inflation and the consumer price index.Download the Excel template below, which further breaks down the steps involved in this assignment. You will return the completed template as your Touchstone submission.Assignment TemplateA. ASSIGNMENT GUIDELINESDIRECTIONS: Refer to the lists below throughout the assignment. Do not submit your Touchstone until it meets these guidelines.1. ANALYZING YOUR PERSONAL FINANCES❒ Have you populated the tables for Month 1, Month 2, and Month 3 with your budgeting information?❒ Have you verified that all amounts are displayed on a monthly (not annual) basis?❒ Have you verified that the sum of your expenditures (including savings) equals your employment income?❒ Have you populated the Savings Progress table?❒ Have you selected the most effective graph type for each of your data sets?❒ Have you left all predetermined formulas intact?2. REFLECTION QUESTIONS❒ Have you directly answered each question that was asked?❒ Have you provided sufficient evidence to support each of your answers?❒ Have you made clear and logical connections between your conclusions and the data used in the financial analysis?❒ Have you leveraged content from the course tutorials about economic factors?❒ Have you included sufficient detail in your answers?