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Resource Allocation and Basis for International Trade, Economics homework help
Project OverviewThe purpose of the course project is to familiarize you with real-world economic issues and how they relat ...
Resource Allocation and Basis for International Trade, Economics homework help
Project OverviewThe purpose of the course project is to familiarize you with real-world economic issues and how they relate to the Apple iPhone, which is the chosen good for this project. Throughout the course, you will be given course project assignments that will build upon each other into a cohesive and comprehensive analysis of the chosen good.Due DateYour course project is due at the end of Module 6.Time LineModuleAssignment01Introduction02Supply and Demand Outline03Market Structure Classification05Consumer Demand Analysis06Course Project SummaryRequirementsFor your final course project submission, you will compile each of the module assignments into a PowerPoint Presentation to demonstrate your ability to provide a comprehensive presentation on the chosen course project product.Your PowerPoint Presentation should include the following:Title slideIntroduction slideTwo or more slides per assignmentSummary slideReference slideEvaluationEach assignment leading up to the final assignment is evaluated and graded independently. Your instructor will provide specific grading criteria for each step of the project prior to its due date.
ECO 200 USC Advanced Microeconomics Wage Subsidy on Competitive Market Cover Letter
As an economist, in addition to being able to analyze a situation, you will need to be able to communicate your ideas to o ...
ECO 200 USC Advanced Microeconomics Wage Subsidy on Competitive Market Cover Letter
As an economist, in addition to being able to analyze a situation, you will need to be able to communicate your ideas to others. In this writing assignment, you will be acting as an economic policy advisor. Scenario: Mayor McNeill has just taken over as the mayor of Doronto, a city famous for its lively food-cart industry. All over Doronto there are food carts selling all kinds of different cuisines, and the reputation Doronto has developed as being foody-friendly has been great for tourism. Part of Mayor McNeill’s plan for improving Doronto is to promote this food-cart culture, focusing on the business aspect. One of his policy advisors has suggested that one way they could promote this kind of industry in Doronto is to subsidize the wages of food-cart workers: every year when the food carts submit their taxes to the city, the city would subsidize the hourly wages by $1, which would be deducted from the taxes that firm (food cart) would have to pay that year. Mayor McNeill’s advisor suggested that this would be popular with the people who work in these firms, and the firm owners, and promote the overall growth of the food-cart industry. Of course, Mayor McNeill is interested in the well-being of these workers, the profitability of the firms, the growth of the industry, and the city’s overall finances. Mayor McNeill’s office has hired your consulting firm to look into the matter further and provide some guidance as to whether implementing this subsidy would be a good idea overall, and specifically who benefits from this policy. Your firm has done some preliminary research, and discovered the following things: firms in the food cart industry (regardless of what kind of food they are selling) are perfectly competitive, and have the same production technology (cost structure). That is, each firm is essentially identical. There is a large supply of labor in Doronto, willing to work at the (currently) prevailing wage rate of $10/hour –so large, in fact, that firms have no problem finding workers willing to work for $10 per hour (which would continue to be true even if they hired significantly more workers than they currently do). There are no barriers to entry –new food trucks start up all the time. The industry is currently in an equilibrium where firms are earning zero economic profit. Your task is to think about the proposed policy. Notice that this is not a calculation problem –we have not specified the functions you would need in order to perform exact calculations –instead, we want you to be thinking of this more generally. What would happen in this market if we implement this subsidy in the short run? In the long run? Who benefits from this policy?Instructions:Your task contains two parts, an analysis and a cover letter. Analysis: In this section of your writing assignment, you should analyze the above scenario. If you arrive at a conclusion about whether the policy is a good idea or not, you should explain your reasoning. If you cannot determine from what you know, you should explain what you know and what you would have to consider when making the decision to implement the policy or not. You should be clear about what you are considering when making your policy recommendations, and how those factors impact your decision. If you make any additional assumptions (beyond those mentioned above), you should clearly state them and if relevant, address what would happen if those assumptions do not hold. Length: Your analysis part of the writing assignment should be approximately 700 words.Cover Letter: In this section, you are communicating the main results from your analysis to Mayor McNeill in a clear and concise way. This letter should be professional but not technical in nature –it should explain the main ideas of your analysis in a way that can be understood by someone who is not an economist. The purpose of the cover letter is to summarize the information from your analysis –the things you say in your cover letter should be supported in your analysis section, and the main results of your analysis should be included in the cover letter. The cover letter should provide some kind of guidance–this could be to implement or not implement the policy under consideration. Or, if you cannot make a clear recommendation without more information, describe what more you need to know, and how it would help you to make this decision. Length: Your cover letter should be no more than one page (about 250 words), including the formatting. We will not require a specific style for the letter, but it should include an appropriate salutation and closing, and be written in a professional tone.
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Critical Thinking - Evaluating Logic - Part 1 of 3Links to an external site.
Critical Thinking - Evaluating Logic - Part 2 of 3Links to an external site.
Critical Thinking - Evaluating Logic - Part 3 of 3Links to an external site.
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Resource Allocation and Basis for International Trade, Economics homework help
Project OverviewThe purpose of the course project is to familiarize you with real-world economic issues and how they relat ...
Resource Allocation and Basis for International Trade, Economics homework help
Project OverviewThe purpose of the course project is to familiarize you with real-world economic issues and how they relate to the Apple iPhone, which is the chosen good for this project. Throughout the course, you will be given course project assignments that will build upon each other into a cohesive and comprehensive analysis of the chosen good.Due DateYour course project is due at the end of Module 6.Time LineModuleAssignment01Introduction02Supply and Demand Outline03Market Structure Classification05Consumer Demand Analysis06Course Project SummaryRequirementsFor your final course project submission, you will compile each of the module assignments into a PowerPoint Presentation to demonstrate your ability to provide a comprehensive presentation on the chosen course project product.Your PowerPoint Presentation should include the following:Title slideIntroduction slideTwo or more slides per assignmentSummary slideReference slideEvaluationEach assignment leading up to the final assignment is evaluated and graded independently. Your instructor will provide specific grading criteria for each step of the project prior to its due date.
ECO 200 USC Advanced Microeconomics Wage Subsidy on Competitive Market Cover Letter
As an economist, in addition to being able to analyze a situation, you will need to be able to communicate your ideas to o ...
ECO 200 USC Advanced Microeconomics Wage Subsidy on Competitive Market Cover Letter
As an economist, in addition to being able to analyze a situation, you will need to be able to communicate your ideas to others. In this writing assignment, you will be acting as an economic policy advisor. Scenario: Mayor McNeill has just taken over as the mayor of Doronto, a city famous for its lively food-cart industry. All over Doronto there are food carts selling all kinds of different cuisines, and the reputation Doronto has developed as being foody-friendly has been great for tourism. Part of Mayor McNeill’s plan for improving Doronto is to promote this food-cart culture, focusing on the business aspect. One of his policy advisors has suggested that one way they could promote this kind of industry in Doronto is to subsidize the wages of food-cart workers: every year when the food carts submit their taxes to the city, the city would subsidize the hourly wages by $1, which would be deducted from the taxes that firm (food cart) would have to pay that year. Mayor McNeill’s advisor suggested that this would be popular with the people who work in these firms, and the firm owners, and promote the overall growth of the food-cart industry. Of course, Mayor McNeill is interested in the well-being of these workers, the profitability of the firms, the growth of the industry, and the city’s overall finances. Mayor McNeill’s office has hired your consulting firm to look into the matter further and provide some guidance as to whether implementing this subsidy would be a good idea overall, and specifically who benefits from this policy. Your firm has done some preliminary research, and discovered the following things: firms in the food cart industry (regardless of what kind of food they are selling) are perfectly competitive, and have the same production technology (cost structure). That is, each firm is essentially identical. There is a large supply of labor in Doronto, willing to work at the (currently) prevailing wage rate of $10/hour –so large, in fact, that firms have no problem finding workers willing to work for $10 per hour (which would continue to be true even if they hired significantly more workers than they currently do). There are no barriers to entry –new food trucks start up all the time. The industry is currently in an equilibrium where firms are earning zero economic profit. Your task is to think about the proposed policy. Notice that this is not a calculation problem –we have not specified the functions you would need in order to perform exact calculations –instead, we want you to be thinking of this more generally. What would happen in this market if we implement this subsidy in the short run? In the long run? Who benefits from this policy?Instructions:Your task contains two parts, an analysis and a cover letter. Analysis: In this section of your writing assignment, you should analyze the above scenario. If you arrive at a conclusion about whether the policy is a good idea or not, you should explain your reasoning. If you cannot determine from what you know, you should explain what you know and what you would have to consider when making the decision to implement the policy or not. You should be clear about what you are considering when making your policy recommendations, and how those factors impact your decision. If you make any additional assumptions (beyond those mentioned above), you should clearly state them and if relevant, address what would happen if those assumptions do not hold. Length: Your analysis part of the writing assignment should be approximately 700 words.Cover Letter: In this section, you are communicating the main results from your analysis to Mayor McNeill in a clear and concise way. This letter should be professional but not technical in nature –it should explain the main ideas of your analysis in a way that can be understood by someone who is not an economist. The purpose of the cover letter is to summarize the information from your analysis –the things you say in your cover letter should be supported in your analysis section, and the main results of your analysis should be included in the cover letter. The cover letter should provide some kind of guidance–this could be to implement or not implement the policy under consideration. Or, if you cannot make a clear recommendation without more information, describe what more you need to know, and how it would help you to make this decision. Length: Your cover letter should be no more than one page (about 250 words), including the formatting. We will not require a specific style for the letter, but it should include an appropriate salutation and closing, and be written in a professional tone.
ECON 102 American Public Univerity Week 2 Gross Domestic Product Discussion
GDP as a measure of welfareView Full DescriptionWeek 2 Discussion Post 2: Gross Domestic Product (GDP) is the broadest mea ...
ECON 102 American Public Univerity Week 2 Gross Domestic Product Discussion
GDP as a measure of welfareView Full DescriptionWeek 2 Discussion Post 2: Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure the well-being of a nation and its citizens' welfare. Discuss what GDP is and what it measures. Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are.
Troy University Compute the Annual Rate of Return Questions
(1)Evaluation skill: Evaluation is associated with the ability to judge the value of material for a given purpose. The jud ...
Troy University Compute the Annual Rate of Return Questions
(1)Evaluation skill: Evaluation is associated with the ability to judge the value of material for a given purpose. The judgements are to be based on definite criteria. These criteria may be determined by relevance, purpose, statements, and numerical values or calculations. Please watch the video clips provided on Evaluating Logic Part 1,2 and 3
Critical Thinking - Evaluating Logic - Part 1 of 3Links to an external site.
Critical Thinking - Evaluating Logic - Part 2 of 3Links to an external site.
Critical Thinking - Evaluating Logic - Part 3 of 3Links to an external site.
(2)Deductive reasoning skill: Deductive reasoning is a logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true. Please watch the video clip provided on Deductive Reasoning
Inductive and Deductive ReasoningLinks to an external site.
FIN 370T University of Phoenix Wk1 Financial Management Tools Discussion
Financial management is critically important to the success of any business organization.Respond to the following in a min ...
FIN 370T University of Phoenix Wk1 Financial Management Tools Discussion
Financial management is critically important to the success of any business organization.Respond to the following in a minimum of 175 words: Discuss the role of finance in business. What is the purpose of financial management?Describe the kinds of activities that financial management involves.What kind of tools do financial managers leverage to access and/or monitor the health and performance of a business? Have you used any of these tools? If so, share your experience.
34 pages
Basic Concepts in Environmental Economics
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially ...
Basic Concepts in Environmental Economics
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium within an economy as to economic efficiency and the resulting income distribution. associated with it. It analyzes social welfare, however measured, in terms of economic activities of the individuals that comprise the theoretical society considered.
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