Category: Economics

How did the open skies agreement between the EU and the US reduce the barriers to entry? How are LCCs in Europe affected by the EU open skies agreement? Why have the US LCCs not been similarly affected?
Support your response with information from your reading and/or the broader Internet.

What are the main differences between micro and macroeconomics. Give a (unique) example of each. Explain what the concept of opportunity cost means in economics and give two (unique) examples.
Support your response with information from your reading and/or the broader Internet.

What is the price elasticity of demand? Please provide some examples of products that have elastic, and those with inelastic demands, and explain your reasoning.
Support your response with information from your reading and/or the broader Internet.

How do airlines use price discrimination to maximize revenue based on elasticity of demand? Give an example. List the conditions that are needed for successful price discrimination.
Support your response with information from your reading and/or the broader Internet.

Make one argument for and one argument against passing a balanced budget amendment for the federal government.

report should contain 3 main sections: Introduction, Literature Review, Conclusion.
Use Times-new-roman – Font size 12.
Bold your subtitles.
Insert page numbering on all pages except for the cover page.
At the end of your report, you should give a list of all references
Inside your report, you should reference all text taken from these references.
Please attach a turn-it-in report to your project.The similarity percentage should not exceed 15%!

Hello,
I am working on the ASRP for the e-commerce industry, with my firm, Amazon, serving as part of this research. The goal is to analyze the e-commerce industry at a high level, focusing on the underlying forces driving competition. This paper will explore key external factors that shape the industry.
The analysis will also identify opportunities and threats affecting both e-commerce industry. This will involve a comprehensive scenario analysis and forecast, evaluating likely future developments for the industry.
Attached is the ASRP outline for your reference. I look forward to your insights and recommendations to ensure the project captures the critical dynamics of the evolving e-commerce landscape.

report should contain 3 main sections: Introduction, Literature Review, Conclusion.
Use Times-new-roman – Font size 12.
Bold your subtitles.
Insert page numbering on all pages except for the cover page.
At the end of your report, you should give a list of all references
Inside your report, you should reference all text taken from these references.
Please attach a turn-it-in report to your project.The similarity percentage should not exceed 15%!

Hello,
I am working on the ASRP for the e-commerce industry, with my firm, Amazon, serving as part of this research. The goal is to analyze the e-commerce industry at a high level, focusing on the underlying forces driving competition. This paper will explore key external factors that shape the industry.
The analysis will also identify opportunities and threats affecting both e-commerce industry. This will involve a comprehensive scenario analysis and forecast, evaluating likely future developments for the industry.
Attached is the ASRP outline for your reference. I look forward to your insights and recommendations to ensure the project captures the critical dynamics of the evolving e-commerce landscape.

Step 1: Read the articles. These articles contain examples of calculating opportunity costs. You will follow these examples to answer one of the questions listed at the bottom of the topic.
The opportunity cost of buying iPhones and Cronuts by Ben Walsh, September 2013
The potential economic costs of Tropical Storm Harvey: Explained by Nathaniel Meyersohn, August 26, 2017
Here’s what an unpaid internship will cost you by Abigail Hess, June 19, 2017
8 Chores That Aren’t Worth Your Time (So Outsource Them!) by Hank Coleman, June 16, 2014
Paying for health care with time – Harvard Gazette
It Costs You $43 to Sit Around the Doctor’s Waiting Room
What is the Value of Exercise? 2,500 by Gretchen Reynolds, September 7, 2016
Listen to Planet-Money: Episode 386: The Cost of Free Doughnuts
You are expected to make your contribution to the main topic and respond with value-added comments to at least two of your classmates. You are encouraged to respond to other students and to your instructor.
Step 2: Choose one case to answer the question from the list below.
You are standing in line. Think about what you would be doing if you were not in this line. The alternatives are infinite and computing the cost of them all is impossible. However, since you could only be doing one thing (not all of them) if you are not in this line, determining the opportunity cost requires only knowing the one thing you would be doing. Calculate in dollars your opportunity costs of standing in line.
Think about what you would be doing if you weren’t in class. The alternatives are infinite and computing the cost of them all is impossible. However, since you could only be doing one thing (not all of them) if you were not in class, determining the opportunity cost requires only knowing the one thing you would be doing. Calculate in dollars your opportunity costs of sitting in class.
The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, and so on. Think about whether room and board should be considered a cost of college. What are your opportunity costs of going to college? Calculate in dollars your opportunity costs of going to college.
Discuss the opportunity costs of natural disasters. Create your own example of the opportunity costs of a natural disaster. Calculate in dollars the opportunity costs of a natural disaster.
Discuss the opportunity costs of your visiting the doctor’s office. Calculate in dollars the opportunity costs of your visiting the doctor’s office.
Read the articles and create your own example of opportunity costs. Your ideas should be supported by calculation in dollars of opportunity costs.
Step 3: Reflection. Students should also include a paragraph in the initial response in their own words, using microeconomic terminology, reflecting on what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.