Category: Economics Homework Help

Learning Goal: I’m working on some microeconomics questions and need guidance to help me.The questions are all calculation questions and the answers should be well explained.

I attached some sample exam questions to Check it to know if you have knowledge about it. Take the sample questions first to check your accuracy. The real one is on July 19 at 9am pacific time. You have to online at that time.

How might you apply the concepts you learnt in chapters 3 and 4 to a real life situation? Think of something from your everyday life, something
fun.

Prices are the driving force behind every buying and selling decision in a market economy. Prices are determined by the supply and demand equilibrium and are influenced by the price elasticity of demand and supply of goods and services.

For this discussion, first play the simulation game Competitive Markets in the MindTap environment. Then, you will share your experiences playing that game. Your work in this discussion will directly support your success on the course project.

In your initial post, include the image of your simulation report in your response. See the How to Submit a Simulation Report Image document for more information. Then, address the following questions:

• Based on the outcome of the simulation, was the sale price you set the same as the equilibrium price? Refer to the supply and demand model to explain why they might be different.
• Imagine that you own your own business. How would price elasticity of demand impact the pricing decisions of your business?
• What are the determinants of price elasticity of demand? Identify at least three examples.

In your responses, comment on at least two posts from your peers and share an example of a company that experienced a change in revenue as the result of a change in the price of the good or service they provided. After reading your peers’ posts, explain which determinants of price elasticity of demand could be the cause of the change in demand.

To access your simulations, click the simulation link found in the module.

To complete this assignment, review the Module Three Simulation Discussion Rubric.

Rubrics

• ECO 201 Module Three Simulation Discussion Rubric

I’m working on a micro economics writing question and need guidance to help me learn.

Request: This work requires you to read the attached article entitled” Is Educated Labor Really Productive?” and write a 1 page,Harvard Format, critical review. A critical review of a journal article evaluates the strengths and weaknesses of an article’s ideas and content. It provides description, analysis and interpretation that allow readers to assess the article’s value. The components of your critical review should include the following:

• Introduction – one paragraph where you discuss the purpose of this review and how it brings benefits in the field.
• Summary – this should be SHORT. No more than 4-5 sentences as this is not the centerpiece of this essay
• Critique – Here you should evaluate the strengths,weaknesses of the paper and the most notable features.You should provide information based on your knowledge how the results impact the field and what other elements should be researched. You can also include recommendations for how the text can be improved in terms of ideas, research approach; theories or frameworks used can also be included in the critique section.
• Conclusion – Keep it very short, under 4 sentences. Here you restate your overall opinion, briefly mention the recommendations and add any explanation if needed.

I’m working on a finance question and need guidance to help me learn.

Find a video clip on the internet and post it in the discussion along with a description. Each student finds a short video clip on the internet and embeds it in the group’s “Video Clip Activity” discussion forum (as a reply). Note: just copy and paste the video link. If you find a YouTube video, Canvas will automatically show the video thumbnail with a play button. About 1-5 minutes is the recommended length for the clip. The video clip you post is related to any finance topic, should teach you something about that topic you did not know before, and should be of interest to you. (To get some ideas, you can check the course syllabus to see a list of finance topics covered in this course. But ideally, your video covers a finance topic that is not covered in this class. A option is that your video clip is related to careers in finance. Different finance careers are listed under Modules, Other Course Materials, Careers in Finance). You can choose any kind of clip, for example: a clip from a news program, an educational website, movie, television show, TEDx talk, Internet V-log, documentary or biography. (Note: YouTube can be a great source of such videos. You can also do a Google search on a finance topic and click on “Videos” under “More” to narrow your search down from “All” sources to just videos). Please embed your clip to your group’s discussion board and, in three to five sentences, briefly explain what this video is about, how it relates to finance, what you learned from it, and why you found this clip interesting.

Important note: Please select videos that do NOT use any foul language. Preferably, videos should be produced by a reputable source (such as Khan Academy, Bloomberg News, Investopedia, TEDx, etc.). Also, professional business language using correct grammar is expected for your posts in all discussions. Always keep the conversation positive and refrain from using negative comments or sarcasm.

I’m working on a micro economics discussion question and need an explanation and answer to help me learn.

Refer to text Ch.7, Example 7.2

The author provides the different cost components (sunk, fixed and variable) of three industries – computers, software and pizzas. Choose any one industry and discuss the main cost components of this industry.

I’m working on a economics discussion question and need an explanation and answer to help me learn.

Competitive firms stay in business if they make zero economic profit. Would you stay in business if you were making zero economic profit? Discuss. 

I’m working on a macro economics multi-part question and need an explanation and answer to help me learn.

1. UMD Data Structures and Algorithms

Big-O practice. Find T(n) and O() of this 14 questions.

1. for (i=n; i<=2n, i+=2)
   for (j = 0; j < n; j++)
   print(“Hi Mom”)
2. for (i=1; I <= 1000; i++)
   for (j=1; j<=n; j++)
   for (k=1; k<=1000; k++)
   for (l=1; l<=n; l++)
   x+=1;
3. for (i=n*n*n; i>1; i/=n)
   print(“I Love Algorithms”)
4. for (i=1; i<=n; i+=10)
   print(“Hi dad”)
5. for (i=1; i<=n; i*=10)
   print(“hmmm…”)
6. i=n
   While(i>1)
   i/=4;
7. for (i=1; i<=n; i+=i)
   print(“aardvarks are nocturnal”)
8. for (i=0; i<n; i++)
   for (j=0; j<=n; j+=2)
   print(“aardvarks eat ants”)
9. for (i=0; i < n*n + 5*n + 17; i+=4)
   print(“get an aardvark for a pet today!”)
10. for (i=0; i < n; i++){ if (i % 2 == 0)for (j = 0; j < 5*n*n, j++) print(“uh oh!”) }else{ for (j = 0; j < n/2, j++) print(“oh my”)}}
11. for (i=0; i < n+1; i++)
    if (i = n-1)
    for (j=0; j <n; j++)
    print(“why?”)
    else
    print(“why not?”)
12. i = n*n*n;
    i*=i;
    while (i > 5)
    print(“really?”)
    i -= 3;
13. Suppose a method returns either 0, -1, and 1 with equal likelihood. If 0 is returned then 130 loop iterations occur. If -1 or 1 is returned then 75 iterations occur. What is T(n) in the best case, worst case, and average case?
14. How does the previous T(n) change if the likelihood of 0 is 20% and -1 and 1 occur at 30% and 50% respectively?

I uploaded one file that has instructions and questions. Please read them carefully and let me know if you have any questions. NOTE: Answers needed to be step by step and submitted by world and Excel files.