Tag: Economics

Briefly describe the characteristics and purposes of indifference curves. How are they useful for consumers?
How is the income constraint line used?
3.) Briefly describe how economies of scales happens. Why is it an important concept in relation to consumption and production? What conditions lead to diseconomies of scale?
4.) What is utility? What conditions would cause increasing marginal utility, diminishing marginal utility, and absolute diminished utility?
5.) How would you maximize your dollars spent per util?
6.) Why is utility a valuable concept in understanding microeconomics?
7.) What conditions contribute to increasing marginal productivity, diminishing marginal productivity, and absolute diminished marginal productivity? How would these conditions help you manage a business?
8.) How is a free market supposed to operate? What are the key components of a free market economy? What is necessary, according to Adam Smith?
9.) Describe how consumer spending is dictated by the elasticity and inelasticities of products and services.
10.) Briefly describe the market structures of perfect competition, monopolistic competition, oligopoly, monopoly, and monopsony.
11.) Provide three common characteristics of each market structure.
12.) How do price controls contribute to shortages and surpluses?
13.) Regarding costs, at what point would you shutdown a firm? At what point is your break even point?
14.) If a firm is not breaking even, why would it still stay open?
15.) What is the purpose of the FTC and the SEC? What are some of the virtues of competition? What are the negative consequences of the having no competition in a market?

Define Productivity.
Special solution not to copy
· Compare the dynamics of economic activity in a Short Run and Long Run
· Compare and contrast Physical Capital and Human Capital.
8.2 Action Required:
Read the article by using the following link: http://www.newyorkfed.org/research/epr/01v07n1/0103stir.pdf
8.3 Test your Knowledge (Question):
Explain Productivity and Human Capital and Physical Capital
8.4 Instructions
Answer the given question in your own word and it should be less than 100 words.

I’m

However, some economists warn that developing countries are disadvantaged by the current international trading system.
Select an Eastern European country that belongs to the European Union (Bulgaria, Czechia, Hungary, Poland, Romania, Slovakia, Slovenia).
Provide the most recent economic data for that country, then discuss how membership in the European Union affected the economic conditions in the past 10 years in the country you selected.
Discuss the economic trade policies would you implement to continue the economic rise of the country you analyzed?
Directions:
Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.
Use Saudi Electronic University academic writing standards and APA style guidelines.
You are required to reply to at least two peer discussion question post answers to the weekly discussion question. These peer replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that answer. Normal course dialogue does not fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

My order:
1- No plagiarism, no match please.
2-You can find the instructions inside the doc
3- Please write a paper in the document
4- Write a report on whatever you use to research and what you write in a different document because we will discuss it separately in class
Write at least 2- references using the APA style.
Noticeable:
Please use simple language
Put the in-text quote in each.
Additions within the document
MIT OpenCourseWare video lecture series, “Productivity and Costs”)
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.
;list=SP61533C166E8B0028

Please complete this discussion question below. Be very detailed and follow the instruction accurately. I have attached some course materials needed to complete the assignment. Please include intext citation and a reference list. I have provided a link to my employer website concerning some of the questions in the assignment. I have also provided an attached document labeled “My background information” for your use. Also the professor provided a youtube video as source for the assignment it is below also.

Ricoh website:https://www.ricoh-usa.com/en/about-us/who-we-are
Introduction and Drivers of Growth
Introduce yourself to your professor and peers. Read and reply to each of the prompts below:
State the name of your company and its key products or services
What sector or industry does your company operate in?
What previous experience of economics, if any, have you had?
This week’s lecture lists four key drivers of economic growth: innovation, investment, increased productivity, and constant renewal. Read and reply to each of the prompts below:
Pick one of these drivers that your company has tried to use for growth
Describe clearly how this driver was enacted at your company
Did the use of this driver lead to economic growth? Why or why not?

https://www.macleans.ca/rankings/2021-federal-election-platform-guide/

For this discussion board post, groups will be responsible for introducing a topic that can be found in the “Maclean’s” article posted in course documents. This is a compare/contrast activity. For example, group #1 will post about “Taxes”. 1. What are the differences between the 4 parties (Liberal, Conservative, Green, NDP) tax plans? (1paragraph summary) 2. Give specific examples of a (tax) policy or policies that the parties are introducing. (1 paragraph) 3. Who will gain from these policies and who will lose (this can be citizens, corporations, institutions), be specific and clear!

Hello students,
For this discussion board post, groups will be responsible for introducing a topic that can be found in the “Maclean’s” article posted in course documents. This is a compare/contrast activity. For example, group #1 will post about “Taxes”. 1. What are the differences between the 4 parties (Liberal, Conservative, Green, NDP) tax plans? (1paragraph summary) 2. Give specific examples of a (tax) policy or policies that the parties are introducing. (1 paragraph) 3. Who will gain from these policies and who will lose (this can be citizens, corporations, institutions), be specific and clear!

Instructions – PLEASE READ THEM CAREFULLY
 This assignment is an individual assignment.
 The Assignment must be submitted only in WORD format via the allocated folder.
 Assignments submitted through email will not be accepted.
 Students are advised to make their work clear and well presented. This also includes filling in your information on the cover page.
 Students must mention question numbers clearly in their answers.
 Late submitted assignments will NOT be entertained.
 Avoid plagiarism; the work should be in your own words; copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
 All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted. (Don’t change the cover page format.)
Assignment Questions:(Total Marks: 10)
Q1. In Riyadh City Road traffic congestion is increasing day by day. As an economist how you see this problem? Suggest and explain an economist’s solution to this problem. (3 Marks)
Q2. What is opportunity cost? Draw a Production Possibility curve for a country producing two goods and show with help of an example, how principle of opportunity is applied in explaining the changes in production possibilities for the country. (3 marks)
Q3. What is market equilibrium? Take an example of pizza (assume its price and quantity demanded) and analyse graphically, what happens to the equilibrium price and quantity when, (a) there is increase in demand and (b) there is increase in supply. (4 Marks)

Hello,
I want to write in your own words about
What are the three functions of money? Can something be considered money if it does not fulfill all three functions? Would you consider Bitcoin money?
An extremely good one-paragraph would be a minimum of eight full lines. Do not use any outside resources. I have uploaded the PowerPoint slides as resources for you to use.
Also, I want you to write a short response to two posts.
First,
The three basic functions of money are a medium of exchange, a unit of account, and a store of value. Money serves as a medium of exchange because it is convenient. Money also serves as a unit of account because it facilitates comparison among different things, such as other commodities, currencies, and products like houses and cars. Yes, something can be considered money if it does not fulfill all three functions of money. If a good or service is accepted as value and used as a medium of exchange but then used as a store of value by checking accounts and credit cards, then it may be called money. I would consider Bitcoin as money because it has been used as a store of value in the cryptocurrency world.
Second,
One of the money’s primary roles is as a medium of exchange for buying and selling. Without money, all purchases might have to be handled via barter. When using a barter system, it might be challenging to get what you need since you need to have something the provider also wants. To put it simply, money solves the issue of the double synchronicity of desires since it is a means of trade that may be used in any exchange between any two people, irrespective of whether they need or desire the products or services.
Secondly, money must be a reliable store of value in sequence to function as a medium of trade. If money could not be saved for later use and still be worth exchanging, it wouldn’t be used as a medium of work since it wouldn’t address the double concurrence of desires issue. Finally, since it is universally recognized as a trade means, cash is much more liquid than other reservoirs of value. On top of all that, money is a portable kind of value storage that comes in many practical denominations.
Third, money serves as a unit of account since it is used to quantify values in transactions. The seller and buyer may make more informed judgments regarding the quantity of an item to be sold or purchased if they know its monetary worth. In the longer term, nothing can be considered money if it does not entirely fulfill the core functions mentioned above. Based on this criterion, I would not consider Bitcoin as money yet. Because more and more places will use Bitcoin as payment, it may meet the first condition. However, it is not a reliable unit of account or means of storing wealth. Because of its tremendous volatility, Bitcoin is not practical for usage in these settings. There are other features of currencies that Bitcoin lacks. Since you can’t put it in the bank, users must keep it in “digital wallets,” which have become hackers’ targets. Customers of financial institutions rely on bank deposits, and no other system comes close. Bitcoins are not yet used as an accounting unit by any creditors for credit cards, consumer lending, or mortgages, and there are no bitcoin-denominated credit or debit cards.