I have two classes and 3 discussions I need to respond to my peers. I am attachi

I have two classes and 3 discussions I need to respond to my peers. I am attaching the discussion question and peer response below:
Economics Class:
Week 2 Discussion
This week, we learned that the interaction of supply and demand determines prices and output levels in markets. Prices and output levels change when either the demand curve or the supply curve shifts. Sometimes price and output both increase and decrease. Sometimes one increases while the other decreases.
Lithium is used in rechargeable batteries for computers, phones, other electronic goods, and even certain cars. Demand for lithium was low as recently as the early 2000s. Since then, both the price of lithium and the production of lithium have more than doubled.
Start your discussion by responding to these questions:What could explain the simultaneous increases in the price of lithium and the production of lithium? Use supply and demand curves to explain your answer.
Hint: Price and equilibrium quantity have both increased. Would a shift in the demand curve or a shift in the supply curve lead to this result?
Be sure to respond to at least one of your classmates’ posts. Was their reasoning similar to yours?
RE: Week 2 Discussion
Hello Professot Smith and classmates,
The simultaneous increases in the price and production of lithium can be explained by shifts in both the demand and supply curves.On the demand side, the increasing demand for rechargeable batteries has led to a higher demand for lithium. This shift in the demand curve to the right puts upward pressure on both the price and quantity.
On the supply side, advancements in lithium extraction technology and increased investment in lithium mining have expanded the production capacity. As a result, the supply curve has shifted to the right, leading to an increase in both the equilibrium quantity and price.In this case, both the demand and supply curves have shifted to the right, indicating an increase in both the quantity demanded and supplied. This has resulted in a higher equilibrium price and quantity for lithium. Therefore, it is the combined effect of shifts in both the demand and supply curves that has led to these simultaneous increases.
Jackie
Week 3 Discussion
Watch the video, Revenues, Profits, and Price, to help you prepare for this week’s discussion:
Start your discussion by responding to this question using the company for which you currently work, a business with which you’re familiar, or the dream business you want to start:What are some key fixed and variable costs for this business? Remember, fixed costs do not change when output changes. That is, fixed costs remain even if the company is producing nothing. Variable costs increase as output increases.
Be sure to respond to at least one of your classmates’ posts and share another idea for a type of cost
Jaymi AyapanMy previous employer was in the fast-food industry, and the district manager was all about keeping labor costs down, which meant that sometimes only one or two employees were staffing the restaurant, putting much strain on employees working at the time. He did not factor in that we had to do a lot of prep work like cutting the vegetables, cooking bacon, and doing temptation checks on all food or drink items we had, which took some time to do every day and did not include the weekly inventory we had to do. So, we, as workers, were considered variable costs for the business he was running, costing him too much labor, and it seemed like he did not care about our well-being. He also did not pay too much attention to fixed costs, like ordering products like vegetables, meat, syrup for the drinks, bread, condiments, napkins, utensils, and promotional toys or paper products. Seeing that he did not pay too much attention to these costs, which seemed to increase slowly to the point that we had duplicates of certain items that we did not need at the time until he finally noticed and corrected the issue.
Small Business
Week 3 Discussion
Please respond to the following:
Compare the advantages and disadvantages of purchasing an existing business AND compare the advantages and disadvantages of starting a business from scratch. Which do you think you would choose: purchase an existing business or start from scratch?
Two friends are considering launching a small company, which they believe has the potential to grow into a large firm in the future. List three important factors they should take into consideration when selecting a form of ownership. Next, recommend one form of ownership you believe will best serve the organization now and in the future. Justify your response.
Be sure to respond to at least one of your classmates’ posts.
Raymond Bailey
RE: Week 3 Discussion
Hello Professor and Class
There are two types of business adventures. The first one is to buy a pre-existing business. The second is to start a new business from scratch.
The advantages and disadvantages of buying an existing business. The advantages is the business is started. There is already a customer base. Everything you will need to start should already exist. You can start making money day one. The brand already exist. The disadvantages is you have to use the brand that already exists. It is hard to implement your own vision. The upfront cost can be high.
The advantages and disadvantages of starting a new business. The advantages is you are able to start your business with your vision. You can start your own brand. You can choose the market you are trying to reach. The disadvantages is takes longer to start making a profit. Building your customer base from m scratch. finding the right market for your business. All the start up cost.
My dream is to have my own vision for a business. I want to build my own brand. I also want to tap into a market of my choice. To do this I will start my own business. That way the business will be what I envision.
If I wanted to select a form of ownership. There are three factors you should take into consideration. The three factors are taxation, liability, and control. I would choose limited liability company as a choice for a small company. I think an LLC is a good choice for a small company. Being a new owner an LLC offers a liability protection. That’s a can help any new owner starting their business. This gives them a piece of mind.