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# ECO 365 help Become Exceptional / eco365mart.com

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Tutorial

ECO 365 Final Exam Guide (New, Dec 2015)
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1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will: • Exceed the marginal cost of diamonds but equal to the average total cost of diamonds. • Exceed both the marginal cost and the average total cost of diamonds. • Be equal to the marginal cost of diamonds. • Be equal to the average total cost of diamonds. 2). Using 100 workers and 10 machines, a firm can produce 10,000 units of output; using 250 workers and 25 machines, the firm produces 21,000 units of output. These facts are best explained by: • Economies of scope • Diseconomies of scale • Diminishing marginal productivity
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ECO 365 Final Exam Guide 1
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1. Because you can only obtain more of one good by giving up some of another good, the shape of a production possibility curve is _______________.
2. Refer to the table shown. The average product when eight workers are employed is _____6____
3. A resource is said to have a comparative advantage if
4 Refer to the graph shown. Initially, the market is in equilibrium with price equal to \$3 and quantity equal to 100. Government imposes a tax on suppliers of \$1 per unit. The effect of the tax is to
5Refer to the table shown. Diminishing marginal productivity begins when the
6 Refer to the graph shown. If this monopolistically competitive firm maximizes profit, it will

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ECO 365 Week 1 Discussion Question 1
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What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making.
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ECO 365 Week 1 Discussion Question 2
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Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product. What other factors affected your decision? How important was your income as a factor? How important was the price of other goods as a factor?
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ECO 365 Week 1 Individual Assignment Article Analysis
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ECO 365 Week 1 Individual Assignment Article Analysis
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ECO 365 Week 1 Individual Assignment Economic Analysis
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Prepare a 1,000-1,500 word paper in which you explain what the difference is between a movement along and shift of the demand curve.
Show the impact on the equilibrium price and quantity that results from;
(1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand.
Give an example of the role of supply and demand in decision making. Post in assignments link.
Format your paper consistent with APA guidelines.
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ECO 365 Week 1 Individual Assignment Economic Definitions Worksheet
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Write the definition for each of the following:
1. Law of Demand
2. Law of Supply
3. Price Elasticity of Demand
4. Macroeconomics
5. Microeconomics
Identify 2 products whose demand is price inelastic.
Which of the following graphs best demonstrates the law of demand?
Which of the following graphs best demonstrates the law of supply?
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ECO 365 Week 1 Individual Assignment Supply and Demand Curve Worksheet (2 Sets)
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This Tutorial contains 2 sets of Worksheet
Complete the Supply and Demand Curve worksheet.Submit through the Assignment tab.
Write the definition for each of the following:
1. Law of Demand2. Law of Supply
Which of the following graphs best demonstrates the law of demand?
a) I
b) II
c) III
d) IV
Which of the following graphs best demonstrates the law of supply?
a) I
b) II
c) III
d) IV
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ECO 365 Week 1 Ten Principles of Economics and How Markets Work (2 Papers)
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§This Tutorial contains 2 Papers As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700-word research paper about current microeconomic thought and theory. Use Principles of Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the source for all your information. Identify the fundamental lessons the Ten Principles of Economics teach about: §How people make decisions §How people interact §How the economy as a whole works Explain the following to help the committee members understand how markets work: §How society manages its scarce resources and benefits from economic interdependence §Why the demand curve slopes downward and the supply curve slopes upward §Where is the point of equilibrium and what does it determine? The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices Format consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
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ECO 365 Week 2 Discussion Question 1
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What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace.
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ECO 365 Week 2 Discussion Question 2
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Why is the demand of labor a derived demand? What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar? What are some factors that determine the level of your income? Explain your answer.
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ECO 365 week 2 Individual Assignment Supply and Demand Simulation (Microeconomics and the Laws of Supply and Demand ) (3 Papers)
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This Tutorial contains 3 different Papers
Complete the Supply and Demand Simulation located on the student website.
Write 700 - 1,050-word paper of no more than summarizing the content. Address the following:
Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?
For each shift, analyze how it would affect the equilibrium price, quantity, and decision making.

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ECO 365 Week 2 Learning Team Reflection Production and Cost Analysis
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Discussthis week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.
Preparea 350- to 1,050- word paper detailing the findings of your discussion.
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ECO 365 Week 2 Team Assignment Elasticity Paper (Substitute or Compliment)
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Reflect on why some products become substitutes and why some are compliments (e.g. hot dogs and hot dog buns).
Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
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ECO 365 Week 2 Team Assignment Markets and the Economics of the Public Sector (2 Papers)
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§This Tutorial contains 2 Papers ECO 365 Week 2 Markets and the Economics of the Public Sector You have been assigned to a team that has the responsibility of preparing a paper consisting of 1,750 words for the governor’s next economic conference. Your paper should address the following: §Explain why equilibrium of supply and demand is desirable. §Explain the following concepts using the concept of consumer and producer surplus: §Efficiency of markets §Costs of taxation §Benefits of international trade§Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities. Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles. Cite a minimum of 3 peer-reviewed sources, not including your textbook. Format consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
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ECO 365 Week 2 Team Assignment Product Substitution Versus Product Compliment
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ECO 365 Week 2 Team Assignment Substitute vs Compliment
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ECO 365 Week 3 Current Market Conditions Competitive Analysis
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§ECO 365 Week 3 Current Market Conditions Competitive Analysis You have been given the responsibility of working with your organization’s CEO to do a competitive market analysis of the potential success of one of their existing products. Select your organization and a product produced by that organization from IndustryWeek. Write a 2,100-word analysis of the current market conditions facing your product, making sure that you address the following topics: §Define the type of market in which your selected product will compete, along with an analysis of competitors and customers. §Analyze any comparative advantages and international trade opportunities.

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ECO 365 Week 3 Discussion Question 1
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What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? What are economic profit-maximizing strategies that may be made by a perfectly competitive firm, a monopolist firm, and a monopolistic competitive firm? Provide examples and explain the strategies’ effectiveness in their respective market structures.
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ECO 365 Week 3 Discussion Question 2
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What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing output level? Explain your answer.
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ECO 365 Week 3 Learning Team Reflection Summary Market Structure
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Discussthis week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.
Preparea 350- to 1,050- word paper detailing the findings of your discussion.
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ECO 365 week 3 Team Assignment Current Market Conditions Competitive Analysis (3 Papers)
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This tutorial contains 3 sets of paper
Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product’s potential success. The analysis will focus on your primary competitor in the product’s market.

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ECO 365 Week 4 Differentiating Between Market Structures Paper (New Syllabus),Starbucks
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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice.
You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in
which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's competitive

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ECO 365 Week 4 Differentiating Between Market Structures Presentation (Mayo Clinic)
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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice.
You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in
which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's
competitive strategies.Select an industry. Identify an organization in that industry.

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ECO 365 Week 4 Differentiating Between Market Structures Presentation (New Syllabus),Starbucks
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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the
differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization
competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's competitive strategies.
Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization.
Your selected organization must be submitted for instructor approval.
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the
other alternatives.How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or
monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sectors.Identify three or more competitive strategies
of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified.
Make recommendations related to the strategies the organization might consider to maximize its profits.
Select one of the following assignment options:
Paper
Write a 1,400- to 1,750- word paper.
Format consistent with APA guidelines.
PowerPoint Presentation:
Create a 12-15 slide Microsoft PowerPoint presentation including detailed speaker notes.
Video
Create a 3-5 minute video
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ECO 365 Week 4 Differentiating Between Market Structures Presentation (New), Apple Company
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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate
the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which
the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's competitive strategies.
Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization.
Your selected organization must be submitted for instructor approval.Identify the market structure in which this organization competes. Clearly indicate why the market structure
was decided upon, and how this market structure differentiates from the other alternatives.How might the company you selected find itself working with organizations in the
same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure
may vary within those sectors.Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run.
Evaluate the efficacy of these strategies in the market structure you identified.
Make recommendations related to the strategies the organization might consider to maximize its profits.
Select one of the following assignment options:
Paper
Write a 1,400- to 1,750- word paper.
Format consistent with APA guidelines.
PowerPoint Presentation:
Create a 12-15 slide Microsoft PowerPoint presentation including detailed speaker notes.
Video
Create a 3-5 minute video
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ECO 365 Week 4 Discussion Question 1
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What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome? What is the role of government in addressing the implications of an externality you provided as an example? Is it possible that a government’s solution to a market failure would worsen the failure? Explain your answer.
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ECO 365 Week 4 Discussion Question 2
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What effect do government intervention, taxation, and regulations have on economic behavior? Explain.What are real-world examples of government intervention, taxation, and regulations? What are the goals of each?
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ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures Table
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For this assignment, you will choose from the following options:
Option 1: Differentiating Between Market Structures in Kudler
Option 2: Differentiating Between Market Structures in an Organization of Your Choice
Read the instructions in the University of Phoenix Material: Differentiating Between Market Structureslocated on the student website and select one option to complete the assignment.
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ECO 365 Week 4 Learning Team Reflection Public Policy in Economics
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Discussthis week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.
Preparea 350- to 1,050- word paper detailing the findings of your discussion.
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ECO 365 Week 4 Team Assignment Mergers and Joint Ventures (2 Papers)
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This Tutorial Contains 2 sets of papers
Learning Team Assignment – Week 4
Discuss the differences between horizontal, vertical and conglomerate mergers and how those differ from a joint venture.
Introduction
Horizontal Mergers
Vertical Mergers
Conglomerate Mergers
Joint Venture
Conclusion
Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
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ECO 365 Week 4 Team Assignment The Economics of Labor Markets
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§ECO 365 Week 4 The Economics of Labor Markets Select an organization your team is familiar with or an organization where a team member works. Develop a 15- to 20-slide Microsoft PowerPoint presentation to be presented to the CEO’s executive committee that addresses how your chosen organization determines what quantity of labor to demand and what events could shift the demand and supply of that labor. Explain the following in your presentation: §How your organization’s production function is related to its marginal product of labor §How your organization’s marginal product of labor is related to the value of its marginal product How your organization’s marginal product is related to its demand for labor
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ECO 365 Week 5 Team Assignment Competitive Strategies and Government Policies (3 Papers)
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This Tutorial contains 3 sets of papers
Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.
Write 1,400 –1,750-word paper of no more than in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:
New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity inyour industry or one with which you are familiar–horizontal, vertical, or conglomerate–and explain why you made that choice.
Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry
Recommend how the industry you chose may respond to each of the previous points.
Format your paper consistent with APA guidelines.
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ECO 365 week 5 Team Assignment Competitive Strategies and Government Policies (PPT)
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Select an organization the team is familiar with and which has a global presence.
Management in the team's organization has recognized the effect of changes in the real-world competitive environment and government policies
on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.
Create a 12- to 16-slide PowerPoint presentation in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:
The impact of new companies entering the market, mergers, globalization on the market structure, price elasticity of demand, pricing, and the sustainability of profits
The impact of current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
The effect of global competition on the decisions made by management with regards to change in labor demand, supply, relations with unions, and rules
Mgt445tutorials guides you in solving paper and regulations in your chosen industry
Recommend how the organization you chose may respond to each of the previous points.
Cite a minimum of 3 peer reviewed sources.
Click the Assignment Files tab to submit your assignment.
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ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics
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§ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions. Write a 1,050-word analysis that includes the following: §The impact the theory of consumer choice has on: § Higher wages §Demand curves §Higher interest rates §The role asymmetric information has in many economic transactions §The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy People not being rational in behavior economics Cite a minimum of 3 peer-reviewed sources not including your textbook. Format consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
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