Category: Micro Economics

Your participation in this discussion demonstrates the following learning objectives.
Explain how and why the study of economics concerns various decisions making processes which have consequences, costs, and benefits.
Analyze the efficiency of the market mechanism as a way to organize economic activity while demonstrating that there is often an important policy trade-off between efficiency and equity.
Apply economic reasoning to determine solutions to a wide range of public policy issues: including solutions of acceptable amount of pollution, why government must supply some goods, and wealth redistribution.
Discussion Prompt
Consider pollution and economic production.Is zero pollution an optimal goal? Why or why not? When responding, think carefully about all the costs of attaining zero pollution, as well as the benefits.
Also, include a brief discussion of whether you think zero pollution could be achieved in the current global economic system.
Finally, now that you have considered those aspects of zero pollution, think about the current level of pollution created by societies around the world. Do you think the current level is optimal? Explain why or why not.

Paper Topic:
Should corporations worry about their environmental impact? Or should they just strive for profit maximization? Please use the knowledge you have gained in this course to explain, analyze, and make recommendations regarding the topic.
Please use reputable internet websites; do NOT utilize any Wikipedia or comparable citations. Failure to include citations and references will result in an F.
Late papers will not be accepted.
All papers will be submitted via Turn-it-in, using the submission link in the Term Paper content
TEXT ME AT +1 832-941-2646

Being online in real time inside the time I requested, helping me to answer some multiple choice and short answer questions that required a wealth of microeconomics After that, the questions I asked needed to be answered in a very short period of time after I confirmed the start time. The questions may be sent via text and images and I will be told in advance at what time I need to prepare.

Paper Format:
Minimum 500 words max 750 (3-4 pages)
Double Spaced, 12-pt Times New Roman
1” Margins all around
Works Cited Page (minimum of 3 sources
Paper Topic:
Should corporations worry about their environmental impact? Or should they just strive for profit maximization? Please use the knowledge you have gained in this course to explain, analyze, and make recommendations regarding the topic.

need all work done on a doc(or whatever you prefer) and labeled 1-5 with work shown.
Explain why the dominant strategy equilibrium in an English auction is also the Nash equilibrium.
What is the difference between the optimizing strategies used in an English auction and a Dutch auction?
What is the difference between the two types of sealed bid auctions?
Robert is participating in a Dutch auction. If he values the item being auctioned at $5,500 and there are five bidders in total, what should Robert’s optimal bidding strategy be?
Isabella is participating in a first-price auction for a house. If there are five other bidders and her maximum willingness to pay for the house is $60,000, what is her optimal bidding strategy?

Discussion: Competition, Market Power, and You
Your participation in this discussion demonstrates the following learning objectives.
Explain how and why the study of economics concerns various decisions making processes which have consequences, costs, and benefits.
Apply economic reasoning for optimization in different economic circumstances: profit-maximization for entrepreneurs or utility-maximization for consumers.
Explain the production process and cost functions.
Compare and contrast pricing, output, and efficiency under different market conditions from competition through monopoly.
Discussion Prompt
Please create a discussion post responding in full to the prompt that follows.Discuss a real-world “natural monopoly” that you deal with. What is the natural monopoly firm and what product does it produce? Is this natural monopoly efficient, or does it cause losses to society? In your opinion, should this natural monopoly be allowed to exist?
Now discuss a real-world example of a firm that you think operates close to perfect competition. What is the firm and what product does it produce? Who are the main competitors? Can you think of a way this firm or industry benefits you as a consumer?
Then I will send you 2 classmate replies you to reply them back
Replies
Please reply to the posts of at least two classmates, including in each reply both a follow-up question and a point of connection with something your classmate stated in their post.

Questions
Chapter 5(1.4 points) Use the information in the table to answer parts A, B, C, and D below. Suppose that shredders and thrashers have the following demand for helmets.Demand tablePrice per helmetQuantity Demanded for shredders
(in helmets)Quantity Demanded for thrashers
(in helmets)
$20.00304
$22.00293
$24.00282
$26.00271
Using the midpoint method, calculate the price elasticity of demand as the price per helmet increases from $24.00 to $26.00 for shredders. (Note, for partial credit, show your work.)
Classify the elasticity of demand from $24.00 to $26.00 for shredders as elastic, inelastic, or unit elastic.
Using the midpoint method, calculate the price elasticity of demand as the price per helmet increases from $24.00 to $26.00 for thrashers. (Note, for partial credit, show your work.)
Classify the elasticity of demand from $24.00 to $26.00 for thrashers as elastic, inelastic, or unit elastic.
(0.15 points) Graphically, what does the supply curve look like when supply is perfectly elastic?
(0.15 points) Graphically, what does the demand curve look like when demand is perfectly inelastic?
(0.15 points) Graphically, what does the supply curve look like when supply has constant unitary elasticity?
(0.15 points) Graphically, what does the demand curve look like when demand has constant unitary elasticity?
(0.5 points) Suppose a commercial bakery knows that if it raises the price for bread slightly, it will face a disproportionately large reduction in quantity demanded as a result. What effect will raising the price for the bread have on the manufacturer’s total revenue? Why?
(0.25 points) Imagine a new federal government policy requiring that aluminum can manufacturers advertise new methods for recycling that add a small cost of $0.05 per can manufactured. Now suppose the manufacturers want to pass the entire $0.05 added cost on to consumers. What market conditions would allow the manufacturers to do so?
(0.5 points) According to our textbook, the wage elasticity of labor supply for teenage workers is relatively elastic. Do you agree with that claim? Briefly explain why or why not.
Chapter 6(1.25 points) Use the existing values in the table below to fill in the blanks A through E in total and marginal utility for cartons of tofu.
Total and marginal utilityCartons of tofu (Quantity)Total UtilityMarginal Utility
1500500
2980480
31420A
4B360
52060280
6C200
7D110
82370E
_____
_____
_____
_____
_____
(1.75 points) In the following scenario, basketballs cost $25.00 and golf balls cost $5.00. The buyer has $130 to spend on these items. (Note: in the original published version of Assignment 3, I made an error in column 6 of the table, the Total Utility column for golf balls. I edited the table to correct my mistake. If you submit your work based on the older version of this question, it will impact your answer for part B. When I grade Assignment 3, I will accept either answer as correct, to make it so that my mistake does not impact anyone’s grade.)
Utility for two goodsBasketballs (Quantity)Total UtilityMarginal UtilityMarginal Utility per DollarGolf Balls (Quantity)Total UtilityMarginal UtilityMarginal Utility per Dollar
18080 14242 215575 27836 322570 310830 428560 413224 533550 515018 636530 616212 737510 71686 Using the information above, complete the following prompts.Fill in the marginal utility per dollar for basketballs and golf balls. (Note, don’t forget to divide by the cost of each item, which is given above. If needed, round your answers to two decimal places.)
Use your information from part A to find the buyer’s total utility maximizing point.

1. Explain why relaxing mortgage lending standards (required by federal regulating agencies,
Freddy Mac & Fanny May) resulted in Wall Street investment firms bundling thousands of
individual mortgage loans into larger packages, to re-sell instead of holding them as long term
assets.
2. Explain what happened to large investment firms that were bundling mortgage loans into
larger
packages, when the rising default rates of the mortgages in these bundles became noticeable to
Wall Street investors.
3. (True/False) Large Wall Street investment firms bundled risky mortgages into large packages
for re-selling, because they liked the challenge of turning risky decisions into large profits instead
of a massive default.
4. (True/False) The bankruptcy of Wall Street investment firms in July 2008 would not have
happened if traditional mortgage lending standards had not been relaxed in the mid 1990s.
5. (True/False) The incentive for companies in an industry to develop better products and
services over time – will be improved if their industry is regulated by a federal agency.

https://drive.google.com/file/d/1nifsCeZVggQ3KuJ-P…
https://drive.google.com/file/d/1wAKd2hecEqfGDU-_i…
https://drive.google.com/file/d/1vR_B-G1-x2CqaVcpb…
https://drive.google.com/file/d/1WGgqCLPu7WVMnFfj1…
Please answer each question to the best of your ability
Question 1 (6 pts)
I ask a few “big-picture” questions early on during the chapter 1 Part 1 lecture video (from the time stamp of around 1 minute to around 2 minutes). Select one of those questions and answer it here, in 1 or 2 sentences.
Question 2 (7 pts)
In the chapter 1 Part 3 lecture video, I discuss 2 examples using the circular flow model. Suppose in the second example, your friend goes to the same gas station but purchases a vehicle inspection service instead. Would this new interaction take place in the inner circle or the outer circle of the circular flow model?
Question 3 (9 pts)
In your own words, write a brief 1 or 2 sentence summary of the chapter 1 lecture videos for our course.

Your participation in this discussion demonstrates the following learning objectives.
Explain how and why the study of economics concerns various decisions making processes which have consequences, costs, and benefits.
Analyze the efficiency of the market mechanism as a way to organize economic activity while demonstrating that there is often an important policy trade-off between efficiency and equity.
Apply economic reasoning to determine solutions to a wide range of public policy issues: including solutions of acceptable amount of pollution, why government must supply some goods, and wealth redistribution.
.
Discussion Prompt
Please create a discussion post responding in full to the prompt that follows.
According to our textbook, the U.S. economy operates as as a “mixed economy” that is closer to the market-oriented end of the spectrum. That means private enterprises own and operate much of the means of production in the United States, but there is some U.S. government involvement in economic decisions.
Pick a country other than the United States, and contrast the U.S. economy with the economy of your chosen country.First, what is your chosen country?
Which economy is more market-oriented, and which is more command-oriented?
Which country’s economic decision makers are subject to greater regulation?
Do you believe geography or globalization play a role in the differences or similarities between the two economies?
Finally, consider a normative analysis of the two economies you just compared.Do you believe that the U.S. economy should be more like the other country’s economy?
Alternatively, should the other country adapt its economy to be more like the U.S. economy?
Do you think the U.S. economy is the “best” (whatever that means to you) economy in the world?
Explain the reasoning for your beliefs on this topic.