ECO 204(ASH) course tutorial/tutorialoutlet

1. ECO 204 ASH CourseTutorial For more course tutorials visit www.tutorialoutlet.com

2. ECO 204 ASH CourseTutorial ECO 204 Entire Course (Ash) For more course tutorials visit www.tutorialoutlet.com ECO 204 Week 1 DQ 1 Elasticity of Demand (Ash) ECO 204 Week 1 DQ 2 Marginal Utility (Ash) ECO 204 Week 2 DQ 1 Tax Credits and the Labor Market (Ash) ECO 204 Week 2 DQ 2 Reduction of Costs (Ash) ECO 204 Week 3 DQ 1 Perfect Competition (Ash) ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic Competition (Ash) ECO 204 Week 3 Assignment Manufacturing Industry Evaluation (Ash) ECO 204 Week 4 DQ 1 Externalities (Ash) ECO 204 Week 4 DQ 2 Tax Base (Ash)

3. ECO 204 ASH CourseTutorial ECO 204 Week 1 DQ 1 Elasticity of Demand (Ash) For more course tutorials visit www.tutorialoutlet.com Elasticity of Demand. Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result. However, when the commissioner granted the 10 percent increase, revenues increased by only about 5 percent. What can you infer about the elasticity of demand for taxicab rides? What were taxicab drivers assuming about the elasticity of demand? Respond to at least two of your fellow students’ postings

4. ECO 204 ASH CourseTutorial ECO 204 Week 1 DQ 2 Marginal Utility (Ash) For more course tutorials visit www.tutorialoutlet.com Marginal Utility. Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative? When does the law of diminishing marginal utility set in and what does this illustrate about where you should stop consuming if you were eating at an all you can eat buffet? Respond to at least two of your fellow students’ postings

5. ECO 204 ASH CourseTutorial ECO 204 Week 2 DQ 1 Tax Credits and the Labor Market (Ash) For more course tutorials visit www.tutorialoutlet.com Tax Credits and the Labor Market. Many states provide firms with an “investment tax credit” that effectively reduces the price of capital. In theory, these credits are designed to stimulate new investment and thus create jobs. Critics have argued that if there are strong factor substitution effects, these subsidies could reduce employment in the state. Explain their argument. How does this affect the labor market? Respond to at least two of your fellow students’ postings 

6. ECO 204 ASH CourseTutorial ECO 204 Week 2 DQ 2 Reduction of Costs (Ash) For more course tutorials visit www.tutorialoutlet.com Week 2 DQ2 With each of the following examples, please explain what happens to contributions to GDP and economic growth in each of the following statements:           a.       A woman who makes a living charging for investment advice on her Internet website marries one of her clients, to whom she now provides advice at no charge. Reduction of Costs. In an effort to reduce their total costs, many companies are now replacing paychecks with payroll cards, which are stored-value cards onto which the companies can download employees’ wages and salaries electronically. If the only factor of production that a company varies in the short run is the number of hours worked by people on its payroll, would shifting from paychecks to payroll cards reduce the firm’s total fixed costs or its total variable costs? Explain your answer and respond to at least two of your fellow students’ postings.

7. ECO 204 ASH CourseTutorial ECO 204 Week 3 Assignment Manufacturing Industry Evaluation (Ash) For more course tutorials visit www.tutorialoutlet.com Manufacturing Industry Evaluation. Economists sometimes use concentration ratios to evaluate whether industries are oligopolies. In this assignment, you will make your own determination using the most recent data available. You will also discuss the merits and disadvantages of oligopolies in light of your research.

8. ECO 204 ASH CourseTutorial ECO 204 Week 3 DQ 1 Perfect Competition (Ash) For more course tutorials visit www.tutorialoutlet.com Perfect Competition. A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium with firms operating at their minimum efficient scale. Why is a perfect competitive firm associated with efficiency for both consumers and businesses? Respond to at least two of your fellow students’ postings.

9. ECO 204 ASH CourseTutorial ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic Competition (Ash) For more course tutorials visit www.tutorialoutlet.com Oligopoly/Monopolistic Competition. Which of the following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive? Make sure in your answer to relate it to the characteristics of the market structures. Explain your answer. If you are not sure, what information do you need to know to decide? Respond to at least two of your fellow students’ postings. a. Athletic shoes b. Restaurants c. Watches

10. ECO 204 ASH CourseTutorial ECO 204 Week 4 DQ 1 Externalities (Ash) For more course tutorials visit www.tutorialoutlet.com Externalities. It has been proposed that toll collection on the Massachusetts Turnpike, a key commuter route into Boston from the west, be discontinued. Proponents argue that tolls have long ago paid for the cost of building the road; now they just provide cash for tax bureaucracy

11. ECO 204 ASH CourseTutorial ECO 204 Week 4 DQ 2 Tax Base (Ash) For more course tutorials visit www.tutorialoutlet.com Tax Base. Suppose a special tax was introduced that used the value of one’s automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, progressive, or regressive? What assumptions do you make in answering this question? Do you think the tax that was imposed either efficient or equitable? Respond to at least two of your fellow students’ postings.

12. ECO 204 ASH CourseTutorial ECO 204 Week 5 DQ 1 Comparative and Absolute Advan For more course tutorials visit www.tutorialoutlet.com Comparative and Absolute Advantage. If you were President of the US and you were making decisions on trading, would you rather have a comparative or absolute advantage in trading? Can you have both a comparative and absolute advantage in trading? If so, what if at all would be the benefit for your country to trade with any other country? Respond to at least two of your fellow students’ postings .

13. ECO 204 ASH CourseTutorial ECO 204 Week 5 DQ 2 Equity versus Growth (Ash) For more course tutorials visit www.tutorialoutlet.com Equity versus Growth. For a developing country to grow, it needs capital. The major source of capital in most countries is domestic saving, but the goal of stimulating domestic saving usually is in conflict with government policies aimed at reducing inequality in the distribution of income.

14. ECO 204 ASH CourseTutorial ECO 204 Week 5 Final Paper (potato chip industry) (Ash) For more course tutorials visit www.tutorialoutlet.com Review the following information pertaining to the potato chip industry and answer the questions below in a five to six double spaced page paper (not including title and reference pages). In 2007, the potato chip industry in the Northwest was competitively structured and in long-run competitive equilibrium; firms were earning a normal rate of return and were competing in a monopolistically competitive market structure.

15. ECO 204 ASH CourseTutorial