Shift in Supply We know that a supply curve shows the minimum price a firm will accept to produce a given quantity of output. What happens to the supply curve when the cost of production goes up? Following is an example of a shift in supply due to a production cost increase. Step 1. Draw […]
Category Archives: Economics
Draw a dotted horizontal line from the chosen price, through the original quantity demanded, to the new point with the new Q.
Shift in Demand A shift in demand means that at any price (and at every price), the quantity demanded will be different than it was before. Following is an example of a shift in demand due to an income increase. Step 1. Draw the graph of a demand curve for a normal good like pizza. […]
Does this fact alter your view of the law forbidding the sale of human organs-How about blood?
Moral Hazard Using simple supply and demand analysis (No Graphs – Just conceptualize), think about the system of allocating human kidneys. The law forbids the sale of human organs but allows their voluntary donation. This means that there is a bigger shortage of kidneys than there otherwise would be. Does this fact alter your view […]
What are the optimal prices for each version of the software-Is the firm better off by selling the intermediate version instead of the scaled-down version?
Problem 1. 6.8 from Cabral: Sal’s satellite company broadcasts TV to subscribers in LA and NY. Demand functions are QNY=50-(1/3)PNY QLA=80-(2/3)PLA where Q is in thousands of subscriptions per year and P is the subscription price per year. The cost of providing Q units of service is given by TC=1000+30Q, where Q= QNY + QLA. […]
Discuss the influence of social media on the buying behavior of Millennials.
In 150 words, discuss the influence of social media on the buying behavior of Millennials.
Write a memo for your leadership articulating and analyzing various challenges and recommendations regarding the path you think the firm should take.
In highly influential research published by the National Bureau of Economic Research, Sandra L. Decker and Amy Ellen Schwartz reached a curious conclusion. They found that higher alcohol prices decrease alcohol consumption and smoking participation (suggesting a complementarity in consumption). Higher cigarette prices tend to reduce smoking participation but increase drinking (meaning substitutability in consumption). […]
Identify an online sales company and explain how the concepts of complexity and divergence apply. Provide specific examples in your response.
Economics Discussion Identify an online sales company and explain how the concepts of complexity and divergence apply. Provide specific examples in your response.
Do you believe that we have an ethical responsibility to leave the earth’s natural systems in as good a condition as they are now or better? Explain.
Final exam Answer the following 21 questions listed below will help you prepare for my final Exam. These questions are not taken verbatim from the exam and do not cover every topic area associated with the final exam 1. Make a numbered list of five ways in which you unnecessarily waste energy during a typical […]
Write a research paper on Adam Smith
Economics Question Write a research paper on Adam Smith
Why is working capital so important to a firm when the presence of credit and leverage tend to be utilized more?
Working capital management involves managing the firm’s liquidity, which in turn involves managing the firm’s investments in current assets and in the use of current liabilities. Explain the determinants of net working capital and the cash conversion cycle. How can these strategies be used in Saudi Arabian companies? Why is working capital so important to […]
