Description Option C: Diminishing Marginal Utility Think of a good or service that you like. Answer the following: Do you experience diminishing marginal utility when you consume more of this good? Explain how this manifests itself (or explain why it doesn’t). How does diminishing marginal utility affect your consumption of this good? How does marginal […]
Category Archives: Economics
Describe the situation of two of the different people profiled in the book.
Briefly describe the book excerpt. Describe the situation of two of the different people profiled in the book. Describe how effectively the book describes its theme and the issues involved
Examine the relationship between population and economic growth. Can we expect this relationship to differ for developed and developing economies?
Population growth can be viewed as a problem to economic growth, while on the other hand, it can be considered to encourage economic growth. Examine the relationship between population and economic growth. Can we expect this relationship to differ for developed and developing economies? Utilising the Malthusian and Household Model, discuss the effects and consequences […]
Pick one poor country (per capita GDP under $5,000) and briefly describe what you see as its main reason (there will be many) for its poverty.
Pick one poor country (per capita GDP under $5,000) and briefly describe what you see as its main reason (there will be many) for its poverty. Also suggest a solution or a reform but be specific, some thing like “it needs less corruption” is not useful.
Using the (same) model, explain how the law may change Bruno’s offer and how this affects Angela. As part of your answer, discuss what a modern-day equivalent of such a law might be.
This is a short task (250-300 words in total (for both questions combined), that is asking firstly; in part 1) Use a model ( provided), to explain how a law can be represented by a straight line intercepting the horizontal axis (showing free time) and how this impacts the size of the economically feasible set. […]
Discuss Think about the relationship between driving at higher speeds and the likelihood of injury in an automobile accident. How can this relationship be illustrated in one graph to make it appear that the likelihood of injury increases relatively little at higher speeds, and in another graph to make it appear that the likelihood of injury increases dramatically at higher speeds? What warning does this sound about basing a decision on a quick scan of the appearance of a line in a graph?
Description Classify each of the following factors of production into one of the four resource categories used in economics, and identify the income return to the owners of each factor. a. The scanner used to check out groceries in a supermarket b. The instructor of this course c. A pasture used for grazing a herd […]
Find the inputs and outputs of the Olympic park development.So how many jobs did the park create? How many accommodations? How much was spent, how much was created for the area?Discuss
Find the inputs and outputs of the Olympic park development. For All the things in this list, find a figure or more information. (etc So how many jobs did the park create? How many accommodations? How much was spent, how much was created for the area?) Inputs could include: Materials Ideas Money Labour Land Tech […]
Discuss how many jobs did the park create? How many accommodations? How much was spent, how much was created for the area?
Find the inputs and outputs of the Olympic park development. For All the things in this list, find a figure or more information. (etc, So how many jobs did the park create? How many accommodations? How much was spent, how much was created for the area?) Inputs could include: Materials Ideas Money Labour Land Tech […]
Evaluate the three major approaches to analyzing the economic impact of currency depreciation: the elasticities approach, the absorption approach, and the monetary approach.
Description In a critical essay, evaluate the three major approaches to analyzing the economic impact of currency depreciation: the elasticities approach, the absorption approach, and the monetary approach. Compare and contrast the three approaches and provide (( examples)) which distinguish them from each other. Use at least 5 scholarly, peer-reviewed journal articles. Use statistical data […]
Explain who was responsible for the real estate crisis of 2008-2009–borrowers, lenders, sellers, real estate developers, the federal government. Why?
Please watch the movie “The Big Short” after watching the movie answer the following question: Explain who was responsible for the real estate crisis of 2008-2009–borrowers, lenders, sellers, real estate developers, the federal government. Why? Please cite and use specific quotes/examples from the movie. If you use any material outside of the movie, be sure […]
