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ECO 204 Squared Instruction Uophelp

ECO 204 Squared Instruction Uophelp

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ECO 204 Squared Instruction Uophelp

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  1. ECO 204 Course Tutorial For more course tutorials visit www.uophelp.com

  2. ECO 204 Entire Course • For more course tutorials visit • www.uophelp.com • ECO 204 Week 1 DQ 1 Elasticity of DemandECO 204 Week 1 DQ 2 Marginal UtilityECO 204 Week 2 DQ 1 Tax Credits and the Labor MarketECO 204 Week 2 DQ 2 Reduction of CostsECO 204 Week 3 DQ 1 Perfect CompetitionECO 204 Week 3 DQ 2 Oligopoly/Monopolistic CompetitionECO 204 Week 3 Assignment Manufacturing Industry EvaluationECO 204 Week 4 DQ 1 Externalities

  3. ECO 204 Week 1 DQ 1 Elasticity of Demand • For more course tutorials visit • www.uophelp.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.

  4. ECO 204 Week 1 DQ 2 Marginal Utility • For more course tutorials visit • www.uophelp.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 Week 2 DQ 2 Reduction of Costs • For more course tutorials visit • www.uophelp.com • 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.

  6. ECO 204 Week 4 DQ 2 • For more course tutorials visit • www.uophelp.com • Do you consider the new approach to teaching the concepts of database normalization introduced in the Wang (2010) article easier for you to grasp?  Explain why.

  7. ECO 204 Week 3 DQ 1 Perfect Competition • For more course tutorials visit • www.uophelp.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.

  8. ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic Competition • For more course tutorials visit • www.uophelp.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

  9. ECO 204 Week 4 DQ 1 Externalities • For more course tutorials visit • www.uophelp.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.

  10. ECO 204 Week 4 DQ 2 Tax Base • For more course tutorials visit • www.uophelp.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?

  11. ECO 204 Week 5 DQ 1 Comparative and Absolute Advantage • For more course tutorials visit • www.uophelp.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 • .

  12. ECO 204 Week 5 DQ 2 Equity versus Growth • For more course tutorials visit • www.uophelp.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. Comment on this trade-off between equity and growth. How would you go about resolving the issue if you were the president of a small, poor country? Respond to at least two of your fellow students’ postings.

  13. ECO 204 Course Tutorial For more course tutorials visit www.uophelp.com

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