ECO 365 Learn by Doing /newtonhelp.com

1. ECO 365 Learn by Doing  /newtonhelp.com

2. ECO 365 Final Exam Guide (New, 2019) For more course tutorials visit www.newtonhelp.com 1 During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the: cost of accommodation and food in Aspen. value of piano lessons.

3. ECO 365 Final Exam Guide (New, Dec 2015) For more course tutorials visit www.newtonhelp.com 1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:   • Exceed the marginal cost of diamonds but equal to the average total cost of diamonds.   • Exceed both the marginal cost and the average total cost of diamonds.   • Be equal to the marginal cost of diamonds.   • Be equal to the average total cost of diamonds. 2). Using 100 workers and 10 machines, a firm can produce 10,000 units of output; using 250 workers and 25 machines, the firm produces 21,000 units of output. These facts are best explained by:   

4. ECO 365 Final Exam Guide 1 For more course tutorials visit www.newtonhelp.com 1Because you can only obtain more of one good by giving up some of another good, the shape of a production possibility curve is _______________. 2. Refer to the table shown. The average product when eight workers are employed is _____6____ 3. A resource is said to have a comparative advantage if 4  Refer to the graph shown. Initially, the market is in equilibrium with price equal to $3 and quantity equal to 100. Government imposes a tax on suppliers of $1 per unit. The effect of the tax is to 5Refer to the table shown. Diminishing marginal productivity begins when the 6 Refer to the graph shown. If this monopolistically competitive firm maximizes profit, it will 7  The price of a ticket to a rock concert is set at $35. All the tickets for the concert sell out 1 hour after they go on sale and there are still 1,000 fans who want to buy tickets. It follows that 8  Which of the following statements is true? 9  State what type of business combination is occurring in the following scenario: Samsung and Sony become partners in a flat screen manufacturing company.

5. ECO 365 Week 1 Apply The Fundamentals of Economics Homework For more course tutorials visit www.newtonhelp.com ECO 365 Week 1 Apply: The Fundamentals of Economics Homework Review the Week 1 The Fundamentals of Economics Quiz in preparation for this assignment. Complete the Week 1 The Fundamentals of Economics Homework in McGraw-Hill Connect®. These are randomized questions. Note: You have only one attempt available to complete assignments. Grades must be transferred manually to eCampus by your instructor. Don’t worry, this might happen after the due date. The opportunity cost of an action is always equal to:

6. ECO 365 Week 1 Discussion Question 1 For more course tutorials visit www.newtonhelp.com What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making. 

7. ECO 365 Week 1 Discussion Question 2 For more course tutorials visit www.newtonhelp.com Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product. What other factors affected your decision? How important was your income as a factor? How important was the price of other goods as a factor?

8. ECO 365 Week 1 Individual Assignment Article Analysis For more course tutorials visit www.newtonhelp.com ECO 365 Week 1 Individual Assignment Article Analysis

9. ECO 365 Week 1 Individual Assignment Economic Analysis For more course tutorials visit www.newtonhelp.com Prepare a 1,000-1,500 word paper in which you explain what the difference is between a movement along and shift of the demand curve.  Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making.  Post in assignments link. 

10. ECO 365 Week 1 Individual Assignment Economic Definitions Worksheet For more course tutorials visit www.newtonhelp.com Write the definition for each of the following: 1.         Law of Demand 2.         Law of Supply 3.         Price Elasticity of Demand 4.         Macroeconomics 5.         Microeconomics

11. ECO 365 Week 1 Individual Assignment Supply and Demand Curve Worksheet (2 Sets) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 sets of Worksheet Complete the Supply and Demand Curve worksheet.Submit through the Assignment tab. Answer the following questions Write the definition for each of the following: Law of Demand Law of Supply

12. ECO 365 Week 1 Practice The Fundamentals of Economic Quiz For more course tutorials visit www.newtonhelp.com ECO 365 Week 1 Practice The Fundamentals of Economic Quiz Complete the Week 1 The Fundamentals of Economics Quiz in McGraw-Hill Connect®. These are randomized questions. Note: You have unlimited attempts available to complete practice assignments. The highest scored attempt will be recorded. These assignments have earlier due dates, so plan accordingly. Grades must be transferred manually to eCampus by your instructor. Don’t worry, this might happen after the due date.

13. ECO 365 Week 1 Ten Principles of Economics and How Markets Work (2 Papers) For more course tutorials visit www.newtonhelp.com As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700-word research paper about current microeconomic thought and theory. UsePrinciples of Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the source for all your information. Identify the fundamental lessons the Ten Principles of Economics teach about: §  How people make decisions §  How people interact §  How the economy as

14. ECO 365 Week 2 Apply Market Dynamics and Efficiency Homework For more course tutorials visit www.newtonhelp.com ECO 365 Week 2 Apply Market Dynamics and Efficiency Homework Review the Week 2 Market Dynamics and Efficiency Quiz in preparation for this assignment.  Complete the Week 2 Market Dynamics and Efficiency Homework in McGraw-Hill Connect®. These are randomized questions. Note: You have only one attempt available to complete assignments. Grades must be transferred manually to eCampus by your instructor. Don’t worry, this might happen after the due date. The demand and supply schedules for sunscreen

15. ECO 365 Week 2 Discussion Question 1 For more course tutorials visit www.newtonhelp.com What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace.

16. ECO 365 Week 2 Discussion Question 2 For more course tutorials visit www.newtonhelp.com Why is the demand of labor a derived demand? What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar? What are some factors that determine the level of your income? Explain your answer. Yes

17. ECO 365 week 2 Individual Assignment Supply and Demand Simulation (Microeconomics and the Laws of Supply and Demand ) (3 Papers) For more course tutorials visit www.newtonhelp.com This Tutorial contains 3 different Papers Complete the Supply and Demand Simulation located on the student website. Write 700 - 1,050-word paper of no more than summarizing the content. Address the following: ·         Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.

18. ECO 365 Week 2 Learning Team Reflection Production and Cost Analysis For more course tutorials visit www.newtonhelp.com Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

19. ECO 365 Week 2 Practice: Market Dynamics and Efficiency Quiz For more course tutorials visit www.newtonhelp.com ECO 365 Week 2 Practice: Market Dynamics and Efficiency Quiz Complete the Week 2 Market Dynamics and Efficiency Quiz in McGraw-Hill Connect®. These are randomized questions.  Note: You have unlimited attempts available to complete practice assignments. The highest scored attempt will be recorded. These assignments have earlier due dates, so plan accordingly. Grades must be transferred manually to eCampus by your

20. ECO 365 Week 2 Team Assignment Elasticity Paper (Substitute or Compliment) For more course tutorials visit www.newtonhelp.com Reflect on why some products become substitutes and why some are compliments (e.g. hot dogs and hot dog buns). Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

21. ECO 365 Week 2 Team Assignment Markets and the Economics of the Public Sector (2 Papers) For more course tutorials visit www.newtonhelp.com You have been assigned to a team that has the responsibility of preparing a paper consisting of 1,750 words for the governor’s next economic conference. Your paper should address the following: §  Explain why equilibrium of supply and demand is desirable. §  Explain the following concepts using the concept of consumer and producer surplus: §  Efficiency

22. ECO 365 Week 2 Team Assignment Product Substitution Versus Product Compliment For more course tutorials visit www.newtonhelp.com ECO 365 Week 2 Team Assignment Substitute vs Compliment

23. ECO 365 Week 3 Apply: Elasticity and Consumer Choice Homework For more course tutorials visit www.newtonhelp.com ECO 365 Week 3 Apply: Elasticity and Consumer Choice Homework Review the Week 3 Elasticity and Consumer Choice Quiz in preparation for this assignment. Complete the Week 3 Elasticity and Consumer Choice Homework in McGraw-Hill Connect®. These are randomized questions. Note: You have only one attempt available to complete assignments. Grades must be transferred manually to eCampus by your instructor. Don’t worry, this might happen after the due date. Which of

24. ECO 365 Week 3 Current Market Conditions Competitive Analysis For more course tutorials visit www.newtonhelp.com ECO 365 Week 3 Current Market Conditions Competitive Analysis You have been given the responsibility of working with your organization’s CEO to do a competitive market analysis of the potential success of one of their existing products. Select your organization and a product produced by that organization from IndustryWeek. Write a 2,100-word analysis of the current market

25. ECO 365 Week 3 Discussion Question 1 For more course tutorials visit www.newtonhelp.com What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? What are economic profit-maximizing strategies that may be made by a perfectly competitive firm, a monopolist firm, and a monopolistic competitive firm? Provide examples and explain the strategies’ effectiveness in their respective market structures

26. ECO 365 Week 3 Discussion Question 2 For more course tutorials visit www.newtonhelp.com What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing output level? Explain your answer. 

27. ECO 365 Week 3 Learning Team Reflection Summary Market Structure For more course tutorials visit www.newtonhelp.com Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

28. ECO 365 Week 3 Practice: Elasticity and Consumer Choice Quiz For more course tutorials visit www.newtonhelp.com ECO 365 Week 3 Practice: Elasticity and Consumer Choice Quiz Complete the Week 3 Elasticity and Consumer Choice Quiz in McGraw-Hill Connect®. These are randomized questions.  Note: You have unlimited attempts available to complete practice assignments. The highest scored attempt will be recorded. These assignments have earlier due dates, so plan accordingly. Grades must be transferred manually to eCampus by your instructor. Don’t worry, this might happen after the due date. Which of the

29. ECO 365 week 3 Team Assignment Current Market Conditions Competitive Analysis (3 Papers) For more course tutorials visit www.newtonhelp.com This tutorial contains 3 sets of paper Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product’s potential success. The analysis will focus on your primary competitor in the product’s market. Select a potential competitive

30. ECO 365 Week 4 Differentiating Between Market Structures Paper (New Syllabus),Starbucks For more course tutorials visit www.newtonhelp.com You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's competitive strategies.

31. ECO 365 Week 4 Differentiating Between Market Structures Presentation (Mayo Clinic) For more course tutorials visit www.newtonhelp.com You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's competitive strategies.

32. ECO 365 Week 4 Differentiating Between Market Structures Presentation (New Syllabus),Starbucks For more course tutorials visit www.newtonhelp.com You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's competitive strategies.

33. ECO 365 Week 4 Differentiating Between Market Structures Presentation (New), Apple For more course tutorials visit www.newtonhelp.com You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which

34. ECO 365 Week 4 Discussion Question 1 For more course tutorials visit www.newtonhelp.com What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome? What is the role of government in addressing the implications of an externality you provided as an example? Is it possible that a government’s solution to a market failure would worsen the failure? Explain your answer

35. ECO 365 Week 4 Discussion Question 2 For more course tutorials visit www.newtonhelp.com What effect do government intervention, taxation, and regulations have on economic behavior? Explain.What are real-world examples of government intervention, taxation, and regulations? What are the goals of each?

36. ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures Table For more course tutorials visit www.newtonhelp.com For this assignment, you will choose from the following options: o   Option 1: Differentiating Between Market Structures in Kudler o   Option 2: Differentiating Between Market Structures in an Organization of Your Choice Read the instructions in the University  

37. ECO 365 Week 4 Learning Team Reflection Public Policy in Economics For more course tutorials visit www.newtonhelp.com Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

38. ECO 365 Week 4 Team Assignment Mergers and Joint Ventures (2 Papers) For more course tutorials visit www.newtonhelp.com Learning Team Assignment – Week 4 Discuss the differences between horizontal, vertical and conglomerate mergers and how those differ from a joint venture. Introduction Horizontal Mergers Vertical Mergers Conglomerate Mergers Joint Venture

39. ECO 365 Week 4 Team Assignment The Economics of Labor Markets For more course tutorials visit www.newtonhelp.com ECO 365 Week 4 The Economics of Labor Markets Select an organization your team is familiar with or an organization where a team member works. Develop a 15- to 20-slide Microsoft® PowerPoint® presentation to be presented to the CEO’s executive committee that addresses how your chosen organization determines what quantity of labor to demand and what events could shift the demand and supply of that labor. Explain the following in your presentation: §  How your organization’s production function is related to its marginal

40. ECO 365 Week 4 Why Are Some Occupations Paid More than Others (4 Presentation) For more course tutorials visit www.newtonhelp.com This Tutorial contains 4 Presentations ECO 365 Week 4 Why Are Some Occupations Paid More than Others? Purpose of Assignment The purpose of this assignment is so students may look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market.

41. ECO 365 week 5 Team Assignment Competitive Strategies and Government Policies (3 Papers) For more course tutorials visit www.newtonhelp.com This Tutorial contains 3 sets of papers Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following

42. ECO 365 week 5 Team Assignment Competitive Strategies and Government Policies (PPT) For more course tutorials visit www.newtonhelp.com Select an organization the team is familiar with and which has a global presence.  Management in the team's organization has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.

43. ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics (2 Papers) For more course tutorials visit www.newtonhelp.com You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions. Write a 1,050-word analysis that includes the following: §  The impact the theory of consumer choice has on: §  Demand curves §  Higher wages

44. ECO 365 Learn by Doing  /newtonhelp.com