Category: Economics : Economics

For this assignment, I would like you to pick an industry and identify what market structure it most closely resembles (and why). In class, we looked at the fast food industry and saw that it most closely resembled monopolistic competition, but an argument could be made for oligopoly as well. Do the same analysis, but with an industry of your choice.
Pick an industry. Do not pick a firm!! Pick an industry. Define the market specifically. There are many ways to divide up markets so you must tell me exactly how you are defining your market. What is the product / service? Are you looking at US only or the whole world? Etc.
Find market share data for this industry. Many industries have market share info easily searchable on search engines.
Copy / screenshot the info and include it in your assignment. Include a link to your source.
If you can’t find any good data for your chosen industry, pick a different one with more available data.
Finding market share is central to this assignment. Submissions without market share data will not be considered.
Decide what market structure you think your chosen industry most closely resembles. Choose from the market structures we have discussed. Use the data to argue your case and tell me why. Looking at the four firm concentration ratio and other indicators we have discussed will help you.

A firm operating in perfect competition has no influence over market price. It can sell any amount at the market-clearing price. The only one major decision to make is about what quantity should be produced. When it decides the quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.
For the Costs and Revenue in Perfect Competition Assignment, you will submit an MS Excel spreadsheet and a paper (word document)
Make sure to use the “formula” feature.
Calculate marginal cost (MC), marginal revenue (MR), average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC).
Graph all the cost curves and the MR curve.
Find the profit-maximizing price and output.
Calculate the profit (or loss).
In your paper, based on the readings for the week and your calculations in the worksheet, answer the following question:
Explain if the firm should remain open or temporarily shut down when the price drops to $10.
Discuss why firms in perfectly and monopolistically competitive markets stay in business despite having zero economic profit in the long run.
The Costs and Revenue in Perfect Competition paper
must be two to three double-spaced pages in length (not including title and references pages and formatted according to APA Style
must include a separate title page with the following in title case:
title of paper in bold font
Space should appear between the title and the rest of the information on the title page.
student’s name
name of institution
course name and number
instructor’s name
due date
must include an introduction and conclusion paragraph.
Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
must use at least two credible sources in addition to the course text.

A firm operating in perfect competition has no influence over market price. It can sell any amount at the market-clearing price. The only one major decision to make is about what quantity should be produced. When it decides the quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.
For the Costs and Revenue in Perfect Competition Assignment, you will submit an MS Excel spreadsheet and a paper (word document)
Make sure to use the “formula” feature.
Calculate marginal cost (MC), marginal revenue (MR), average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC).
Graph all the cost curves and the MR curve.
Find the profit-maximizing price and output.
Calculate the profit (or loss).
In your paper, based on the readings for the week and your calculations in the worksheet, answer the following question:
Explain if the firm should remain open or temporarily shut down when the price drops to $10.
Discuss why firms in perfectly and monopolistically competitive markets stay in business despite having zero economic profit in the long run.
The Costs and Revenue in Perfect Competition paper
must be two to three double-spaced pages in length (not including title and references pages and formatted according to APA Style
must include a separate title page with the following in title case:
title of paper in bold font
Space should appear between the title and the rest of the information on the title page.
student’s name
name of institution
course name and number
instructor’s name
due date
must include an introduction and conclusion paragraph.
Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
must use at least two credible sources in addition to the course text.

A firm operating in perfect competition has no influence over market price. It can sell any amount at the market-clearing price. The only one major decision to make is about what quantity should be produced. When it decides the quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.
For the Costs and Revenue in Perfect Competition Assignment, you will submit an MS Excel spreadsheet and a paper (word document)
Make sure to use the “formula” feature.
Calculate marginal cost (MC), marginal revenue (MR), average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC).
Graph all the cost curves and the MR curve.
Find the profit-maximizing price and output.
Calculate the profit (or loss).
In your paper, based on the readings for the week and your calculations in the worksheet, answer the following question:
Explain if the firm should remain open or temporarily shut down when the price drops to $10.
Discuss why firms in perfectly and monopolistically competitive markets stay in business despite having zero economic profit in the long run.
The Costs and Revenue in Perfect Competition paper
must be two to three double-spaced pages in length (not including title and references pages and formatted according to APA Style
must include a separate title page with the following in title case:
title of paper in bold font
Space should appear between the title and the rest of the information on the title page.
student’s name
name of institution
course name and number
instructor’s name
due date
must include an introduction and conclusion paragraph.
Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
must use at least two credible sources in addition to the course text.

pick any one business in your area. Based on the readings for the week and the business you chose, answer the following questions in a minimum of 300 words:
Describe how the long-run average cost (LRAC) curve can be derived from the short-run average total cost (SRATC) curve.
Discuss if the business you chose enjoys economies of scale. Be sure to provide reasons why the business may or may not have economies of scale.
Explain how economies of scale help your business compete in its industry.

pick any one business in your area. Based on the readings for the week and the business you chose, answer the following questions in a minimum of 300 words:
Describe how the long-run average cost (LRAC) curve can be derived from the short-run average total cost (SRATC) curve.
Discuss if the business you chose enjoys economies of scale. Be sure to provide reasons why the business may or may not have economies of scale.
Explain how economies of scale help your business compete in its industry.

The objective of this essay is simply to draw the profile of the evolution of poverty and inequality, in their various dimensions, over the recent period – ideally the  last two decades.  However, the profile should not be limited to finding the right figures, drawing two or three charts and commenting on their shapes. It should also rely on telling the macro-economic, and possibly the macro-social,  story of the country during the period of analysis. Major shocks have hit most economies of the word in the last 20 years, including the 2008-9 great recession, the COVId-19 pandemic, and more recently the rise of inflation.  It is not necessarily the case that these events had a direct and significant effect on poverty and inequality, but the question must be asked of whether this is the case, and, if it is not, what may explain this absence.  ON the other hand, the existence of trends in poverty and inequality requires explanation.
You are free to choose the country you want to study. However, your choice will depend on the kind of data and macro-economic country review available.  To help you on the poverty and inequality side, the full World Bank data base is provided in attachment with the present document. You could also visit the following sites: WID (World Inequality Database) and the World Income Inequality Database at WIDER.
 Macro-economic reviews are periodically undertaken by the International Monetary Fund under Article IV of its agreement (documents are labeled Article IV reports on the IMF site).     You may also look at the bi-annual World Economic Outlook Reports of the IMF, which comes with an appendix on countries or regions.  The OECD country reviews are also a helpful source but cover only developed countries.  The Economist Intelligence Unit is another interesting reference which covers practically all countries in the world.
Of course, I am at your disposal to gather more references once you’ll have decided which country you want to study.     
   Essay should not be longer than 14,000 characters (including spaces, but excluding charts)

This is a data analysis paper with a lot of data in the form ..ta and .xlsx. I want to analyze the impact of weather change in china during the 1820-1899. I have attached what i have so far in doc.pdf and there are more detailed instructions on instructions.docx. This will require actual data analysis using tools like stata or python perhaps. not very much though however just to get the data. some data visualization aswell.

This is a data analysis paper with a lot of data in the form ..ta and .xlsx. I want to analyze the impact of weather change in china during the 1820-1899. I have attached what i have so far in doc.pdf and there are more detailed instructions on instructions.docx. This will require actual data analysis using tools like stata or python perhaps. not very much though however just to get the data. some data visualization aswell.

As we discussed, the purpose is to give you an opportunity of replicating the estimations we ran both in Eviews and excel. What you are expected to do(you all know by now) is to estimate the determinants of private consumption. Your task consists of the following:
1. Download (from the World Bank database) the following data of at least five countries and at least for five years:
private consumption (% of GDP)
population
GDP Per Capita (constant USD)
Inflation (consumer price index)
taxes 
Then, run the estimation, where private consumption is a dependent variable, while the rest of the variables will serve as intendent (explanatory) variables.
Then, interpret your findings and write up and submit your results (including excel or Eviews estimations).