Micro Economics Question 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 […]
Category Archives: Economics
Select an e-commerce web site, which is a website where viewers can select and purchase items; critique your selected site by focusing on any five of Krug’s key principles as applied to the site.
Topic: E-Commerce Project Read Steve Krug’s Don’t Make Me Think; Select an e-commerce web site, which is a website where viewers can select and purchase items; critique your selected site by focusing on any five of Krug’s key principles as applied to the site. For example, as Krug’s book’s title suggests, web sites should not […]
Do you think sporting arenas should be funded with public money? Yes or No?
Argumentative Essay: Submit a three to four page paper, double spaced with proper APA citations answering the following: Do you think sporting arenas should be funded with public money? Yes or No?
What are the impacts of government and market imperfections (failures) on the price elasticities of demand and supply?
Microeconomics Tools for Purposes of Problem solving, Analysis, and Decision Making Examine microeconomic tools for purposes of problem solving, analysis, and decision-making. It is highly recommended that you review the Seminar presentation located in the “Learn” area before beginning the Assessment. https://kapextmediassl-a.akamaihd.net/business/Media/GB540/GB540_1504D/GB540U2SP/presentation_html5.html According to the law of demand, if price increases, quantity demanded of a […]
What positive applications could the use of wait line models have on the operations of manufacturing and service-based organizations?
Discussion Topic Select one of the four topics listed below, then answer the discussion question. Be sure to incorporate your own personal experiences into your responses: Capacity increases and decreases Capacity flexibility Server utilization Reduction of wait line times In your original post, answer the following: What positive applications could the use of wait line […]
How would adding additional reorder points change the annual cost-What implications does this have for the business?
3.2 Excel Solver Assignment Economic Order Quantity Global manufacturing and services require the ordering, transportation, and logistical activities to provide adequate inventories to meet customer demand. One of the programming tools in the MBA’s Management Science toolbox is the Economic Order Quantity or EOQ model. The EOQ model in an Excel-based formula template can solve […]
What steps need to be taken to optimize wait times without jeopardizing the health of the business?
Solver Assignment Wait Line Models No matter the business or the location, wait lines are found in every business and every day. Wait lines exist anywhere and everywhere – from fast-food restaurants and manufacturing operations, to airline passenger boarding and prescription refills. We all have to wait for some good or service. As an example, […]
What happened to health care spending in absolute terms and as a % of GDP during the downturns of 2001-02, 2007-09, and 2020? Why (use your intuition in 1-3 sentences)
Topic: Health economics and statistics Assignment Questions PART 1. (5 points): Healthcare Spending Graph (i) health expenditures as a proportion of GDP and (ii) GDP growth on one, clearly-labeled graph. Make sure your axes are labeled and there’s a title on your graph and a source/citation at the bottom. All data should be in nominal […]
How do markets also produce types of people? Explain with a paragraph (150-200 words) about the endowment effect and the paper by Apicella et al.
Market-based economies produce more people, literally. (See here (https://core-econ.org/the-economy/book/text/02.html)). But how do markets also produce types of people? Explain with a paragraph (150-200 words) about the endowment effect and the paper by Apicella et al. (2011). Then write a paragraph (150-200 words) with an explanation based on your own experience
Explain 3 things the Federal government should do to support the economy as this resource declines in availability.
Subject: Economics Topic: microeconomics Pick one of these critical scarce resources: Phosphorus Scandium terbium provide 3 reasons why this resource is so critical along with what the resource is primarily used for. As the availability of the resource decreases, what would you expect to happen to the price of the resource and how will that […]
