Category: Economics : Economics

Watch the video clip from Forrest Gump. 

Consider that Forrest’s good luck of “being in the right place at the right time” allowed him to operate as a monopoly. Typically, the fishing industry is a highly competitive industry where economic profits are rarely made in the long run. However, in a twist of fate, Forrest’s boat is the lone survivor after a hurricane washes ashore and destroys all the other shrimp boats.
Consider the barriers to entry facing potential competitors in Forrest’s monopoly market. The more contestable a market, the closer it will be to a perfectly competitive market, whereas the less contestable a market, the closer it will be to a monopoly.
Describe a firm that you believe is a monopolist. Describe the barriers to entry that exist and discuss if they are contestable or not.
Be sure to review the Discussion Guidelines in the Start Here menu before posting.
Finerman, W., Starkey, S., Tisch, S. (Producers), & Zemeckis, R. (Director). Forrest Gump [Motion picture]. United States: Paramount Pictures.

In the context of modern economic theory, discuss the implications of the Lucas critique for the conduct of economic policy. Provide a comprehensive analysis of how this critique challenges traditional Keynesian economic models and the implications it holds for policymakers in designing effective macroeconomic policies. Additionally, elucidate how policymakers can adapt their approaches to mitigate the limitations posed by the Lucas critique while maintaining stability and growth in the economy.

Discuss the concept of market equilibrium and its significance in microeconomics. Define equilibrium price and quantity, and explain how they are determined by the interaction of supply and demand in a competitive market. Additionally, analyze the effects of shifts in supply and demand on market equilibrium, illustrating your answer with relevant diagrams and examples from real-world markets.

For this assignment, you will be creating cost curves for ABC furniture. Use the attached excel spreadsheet to complete the assignment. Use formulas to fill in each column.
Econ 101 Asst. 3 – ABC Furniture.xlsxDownload Econ 101 Asst. 3 – ABC Furniture.xlsx
ABC Furniture is trying to figure out how to minimize its cost when producing couches each month. To figure out where their unit costs are the lowest, they give you the following information:
Each couch takes $200-worth of wages for workers to produce. The factory owner knows that during regular hours they can produce 20 couches each month. After 20 couches, they need to keep the laborers into overtime. In overtime, they must pay the workers time and a half (1.5x their regular wage). The owner also knows that after 25 couches, the workers need to stay into double overtime (2x regular wage). The factory’s rent is $4,000 a month. Assume there are no other costs.
1.) Fill in all missing columns of data.
2.) Once you have done this, create a graph on your spreadsheet which shows the factory’s marginal cost curve and its average total cost curve.
3.) If the firm wants to minimize its average total cost per couch, how many couches should they produce? You can highlight the row or write in in a cell next to the answer.
(Hint, skip the first box for MC)
(Hint 2 – the marginal cost curve will look a little different than it does in the lecture)
 
Grading Rubric:
60 pts – Filled in sheet 1 columns with correct data
10 pts – Created accurate graph
10 pts – Correctly identified the quantity with the lowest ATC

A research paper written on the effects of taxation and the tax and transfer system on inequality. I want to specifically look at negative income tax, corporate tax rate, and the earned income tax credit. How would changing to either of these help shift inequality and the income distribution to be more equal? Specifically, if we expand the earned income tax credit to help those in poverty.

Designing programs that will enhance the economic activities in Mpumalanga , South Africa.
Programs to immediately boosting Employment
Attracting Business Investors
Agro processing activities
Creating New Touristic activities

1) Write in paragraphs. The intro should have a hook, thesis and supporting sub-arguments which outline the argument of the essay.  All the body paragraphs should have topic sentences at their beginning. These topic sentences should relate closely to the sub-argument sentences in your intro paragraph. The concluding paragraph should have a take-away sentence that captures the meaning or implication of your essay.
2) Highlight with a color background your “hook”, thesis, topic sentences and take-away sentence in yellow failure to  highlight can lead to the loss of up to 1 point).
3) You are limited to 1000 words not counting your name(s) and any citations you may provide
Question:
“Compare, contrast, and critically evaluate Jared Diamond, Ian Morris, and Robert Gordon in analyzing the causes and consequences of the pace and pattern of growth.”
Your essay should contain a thesis found in the first sentence of the introductory paragraph.  This thesis should encapsulate your critical evaluation of opposing arguments.  The best theses are clear, direct and unambiguous.
Your essay should be written in paragraphs with each paragraph containing a topic sentence which supports your overall thesis.  The remainder of each paragraph should contain evidence and examples from the course materials and other sources if necessary which support the topic of that paragraph which in turn supports the overall thesis of your essay.
Your evidence and examples should come from the readings and lecture material in the course for the dual purpose of
1) demonstrating your familiarity with the material presented and
2) supporting your thesis and the subcomponents of: a) summarization, b) comparison and contrasting opposing views.  If you find it necessary to refer to material from outside the course materials, please cite the source(s) you are relying upon.
Plagiarism is relying upon, quoting or paraphrasing material without attribution.  Your citations of extracurricular material does not need to be formal, just sufficient to allow the reader to access that material.  Your essay may be evaluated by an automatic program designed to identify source materials.  You need not cite material from the course but you may if you wish.  Using and relying upon course material without citation will not be considered plagiarism for the purposes of this essay.
Your essay should contain a concluding paragraph which summarizes your argument emphasizing the validity and importance of your critical evaluation of the above issue.
Remember the basic pyramid of learning that reflects the underlying philosophy of this course:
1) being able to accurately replicate material presented,
2) being able to handle, manipulate, modify, and/or extend the material and arguments presented through compare and contrast and/or extension to new areas or in other ways showing you can do more with the material than simply replicate it, and finally
3) based on 1 and 2, critically evaluating the material by showing is limitations, contradictions, alternative interpretations, limited evidentiary support and/or needed extensions.  These along with clarity of exposition and organization will be the background criteria from which your essay will be judged.
Your essay is limited to 1000 words.  Place your word-count at the top of the essay under your name.

4.    Revise the AI-generated letter to craft a unique and persuasive job application cover letter to accompany your résumé. Remember that your letter still needs to meet the criteria discussed in our course materials for an effective job application letter.

please answer all question and abide by the instructions in the begginning. under any circumstances dont use chatgpt or any ai tool!!!! no plagarism as well!!!

You are a new physician setting up your own practice in a new town. You are researching the different MCOs offered in your area and are considering becoming a physician for one of these networks. You have also invited the sales representatives of several health plans to speak with you about the benefits of choosing their plans.
Based on the above scenario, answer the following questions:
What effects would joining a MCO have on your clinic regarding staffing, patient volume, and financial stability?
What policies and procedures should be used by the MCOs to reduce costs for their clientele?
Discuss the ethical issues or concerns about MCOs providing a lower quality of care compared to traditional fee-for-service (FFS) organizations?
What are some of the questions you would ask each representative about his or her company’s specific plan that will help you make a decision?
Do you believe that the evolution of MCOs and consumer driven health plans (CDHPs) has affected the healthcare environment today by integrating the financing and delivery of healthcare services? If yes, how?
How have the roles and relationships between physicians and patients changed by each of these types of plans?