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1. ECO 365T All Practice and Apply Assignments FOR MORE CLASSES VISIT www.eco365guide.com ECO 365T Assignment Week 1 Practice The Fundamentals of Economic Quiz ECO 365T Assignment Week 1 Apply The Fundamentals of Economics Homework ECO 365 Assignment Week 2 Practice Market Dynamics and Efficiency Quiz ECO 365 Assignment Week 2 Apply Market Dynamics and Efficiency Homework ECO 365 Assignment Week 3 Practice Elasticity and Consumer Choice Quiz ECO 365 Assignment Week 3 Apply: Elasticity and Consumer Choice Homework ECO 365 Assignment Week 4 Practice The Microeconomics of Product Markets Quiz ECO 365 Assignment Week 4 Apply The Microeconomics of Product Markets Homework ECO 365 Assignment Week 5 Practice The Microeconomics of Resource Markets and Trade Quiz ECO 365 Assignment Week 5 Apply The Microeconomics of Resource Markets and Trade Homework ============================================== ECO 365T Assignment Week 1 Apply The Fundamentals of Economics Homework(100% Correct) (April, 2020) FOR MORE CLASSES VISIT www.eco365guide.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

2. 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: the things you could have done instead of the action you chose to undertake. the time you give up to undertake the action. the money you give up to undertake the action. the next-best alternative for the resources used to undertake the action. Bob, the owner of a local deli in town, needs to purchase something that economists would label as “capital” to help him produce sandwiches. Which of the following is an example of capital? A meat slicer to cut ham for ============================================== ECO 365T Assignment Week 1 Practice The Fundamentals of Economic Quiz (100% Correct) (April, 2020) FOR MORE CLASSES VISIT www.eco365guide.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. The opportunity cost of an action is always equal to: the next-best alternative for the resources used to undertake the action. the things you could have done instead of the action you chose to undertake. the time you give up to undertake the action. the money you give up to undertake the action. The fish in the ocean are what type of market resource? Land Capital Entrepreneurial ability Labor Which of the following scenarios most accurately reflects the concept of scarcity? The steak Henry did not buy because he is a

3. vegetarian. The Smith Household produces an average of three bags imports and exports ============================================== ECO 365T Assignment Week 2 Apply Market Dynamics and Efficiency Homework FOR MORE CLASSES VISIT www.eco365guide.com ECO 365 Assignment Week 2 Apply Market Dynamics and Efficiency Homework 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 at a small beach are shown below. Market for Sunscreen Price (dollars per bottle) Quantity of Sunscreen Demanded (bottles) Quantity of Sunscreen Supplied (bottles) $35 1,000 7,000 25 3,000 5,500 20 4,000 2,500 10 6,000 1,000 Instructions: Enter your answers as a whole number. If the price is $15 per bottle, how many bottles of sunscreen are demanded and supplied? Qd = bottles Qs = bottles In this case, there would be upward pressure on the price. What is the equilibrium price and quantity in the market for sunscreen? P = Q = bottles The market for ice cream bars on a hot day at the local beach ============================================== ECO 365T Assignment Week 2 Practice Market Dynamics and Efficiency Quiz 8,500 30 2,000 4,000 15 5,000 FOR MORE CLASSES VISIT www.eco365guide.com

4. ECO 365 Assignment Week 2 Practice Market Dynamics and Efficiency Quiz 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. The monthly demand and supply schedules for new cars at a large California dealership are shown in the table below. Market for New Cars Price (dollars) Quantity of Cars Demanded Quantity of Cars Supplied $30,000 0 250 25,000 200 200 15,000 300 175 10,000 dealership is currently charging $25,000 for a new car, at the end of the month there will be: a shortage of 125 cars. a surplus of 5,000 cars. a surplus of 125 cars. a shortage of 5,000 cars. neither a surplus nor a shortage; the market will be in equilibrium. The demand and ============================================== ECO 365T Assignment Week 3 Apply: Elasticity and Consumer Choice Homework 100 225 20,000 400 150 If the FOR MORE CLASSES VISIT www.eco365guide.com ECO 365 Assignment Week 3 Apply: Elasticity and Consumer Choice Homework Review the Assignment Week 3 Elasticity and Consumer Choice Quiz in preparation for this assignment. Complete the Assignment 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 the following scenarios would lead to a decrease in the demand for labor at Stephanie’s earring shop? Labor productivity increases. The cost of capital (a substitute for labor) decreases. The price of earrings

5. increases. The wage rate increases. Which of the following scenarios would lead to an increase in the demand for mixers at Henry’s bread bakery? The market price of mixers decreases. The productivity of mixers decreases. The wage rate of labor (a substitute for capital) ============================================== ECO 365T Assignment Week 3 Practice Elasticity and Consumer Choice Quiz FOR MORE CLASSES VISIT www.eco365guide.com ECO 365 Assignment Week 3 Practice: Elasticity and Consumer Choice Quiz 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 following scenarios would lead to a decrease in the demand for labor at Stephanie’s earring shop? Labor productivity increases. The cost of capital (a substitute for labor) decreases. The price of earrings increases. The wage rate increases. Which of the following scenarios would lead to an increase in the demand for mixers at Henry’s bread bakery? The market price of mixers decreases. The productivity of mixers decreases. The wage rate of labor (a substitute for capital) decreases. The market price of bread increases. Henry bakes loaves of bread, which he sells for $4 each. He is considering purchasing maximize their satisfaction. ============================================== ECO 365T Assignment Week 4 Apply The Microeconomics of Product Markets Homework FOR MORE CLASSES VISIT

6. www.eco365guide.com ECO 365 Assignment Week 4 Apply: The Microeconomics of Product Markets Homework Review the Assignment Week 4 The Microeconomics of Product Markets Quiz in preparation for this assignment. 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. Materials The table below presents the average and marginal cost of producing cheeseburgers per hour at a roadside diner. Cheeseburger Production Costs Quantity(burgers per hour) Average Variable Cost (dollars) Average Total Cost (dollars) Marginal Cost (dollars) 0 —— — 10 $1.00 $6.60 $1.00 20 0.70 3.50 0.40 30 0.70 2.57 0.70 40 0.78 2.18 1.00 50 0.88 2.00 1.30 60 1.07 2.00 2.00 70 1.34 2.14 3.00 80 ============================================== ECO 365T Assignment Week 4 Practice The Microeconomics of Product Markets Quiz FOR MORE CLASSES VISIT www.eco365guide.com ECO 365 Assignment Week 4 Practice: The Microeconomics of Product Markets Quiz 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. The table below presents the average and marginal cost of producing cheeseburgers per hour at a roadside diner. Cheeseburger Production Costs Quantity(burgers per hour) Average Variable Cost (dollars) Average Total Cost (dollars) Marginal Cost (dollars) 0 ——— 10 $1.00 $6.60 $1.00 20 0.70 3.50 0.40 30 0.70 2.57 0.70 40 0.78 2.18 1.00 50 0.88 2.00 1.30 60 1.07 2.00 2.00 70 1.34 2.14 3.00 80 1.74 ==============================================

7. ECO 365T Assignment Week 5 Apply The Microeconomics of Resource Markets and Trade Homework FOR MORE CLASSES VISIT www.eco365guide.com ECO 365 Assignment Week 5 Apply: The Microeconomics of Resource Markets and Trade Homework 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 the following scenarios would lead to a decrease in the demand for labor at Stephanie’s earring shop? Labor productivity increases. The cost of capital (a substitute for labor) decreases. The price of earrings increases. The wage rate increases. Which of the following scenarios would lead to an increase in the demand for mixers at Henry’s bread bakery? The market price of mixers decreases. The productivity of mixers decreases. The wage rate of labor (a substitute for capital) decreases. The market price of bread increases. Instructions: Enter your answers ============================================== ECO 365T Assignment Week 5 Practice The Microeconomics of Resource Markets and Trade Quiz FOR MORE CLASSES VISIT www.eco365guide.com ECO 365 Assignment Week 5 Practice: The Microeconomics of Resource Markets and Trade Quiz 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 following scenarios would lead to a decrease in the demand for labor at Stephanie’s earring shop? Labor productivity

8. increases. The cost of capital (a substitute for labor) decreases. The price of earrings increases. The wage rate increases. Which of the