Category: Micro Economics

ECOM 201 Group Presentation
Group Presentation (due by Week 10) [10 marks)
This is a group presentation and must be done in-class or virtually using Power Point or any other tool. The presentation should reflect your answers and experience in Assignment 2 (the project). Please refer to the following criteria:
Create 10 slides maximum
The slides should contain the following:
o Group members names, IDs, and CRN
o A brief description of the virtual team
o A brief description of the virtual tool
o A brief description of the Virtual work dynamics
o A brief description of the proposed reports
o Suggestions for future teams.
Support your presentation with pictures from your virtual teamwork.
Each group has 10m (8 minutes presentation + 2 minutes Q & A).
Each student presents for ~2 minutes to divide the time equally between group members.
The presentation should be written and presented in English.
Upload the slides to Blackboard under the Assignment 3 tab by the specified due date.

1) Michelle wanted to buy a new car. However, she could not select a model that both suited her needs and was affordable at the same time. She finally decided to buy a Porsche when she learned that two of her colleagues had bought them, despite its price exceeding the money she had saved for her car. Explain her behavior.
2)What are the two ways by which people can help charitable causes?
3)An economics professor has devised an interesting game to test the understanding of his students. He randomly selects two students from his class and gives one of them a $50 bill. He then asks the student what percentage of the $50 she would give to her classmate. The first student can choose any percentage she wishes, while the second student can choose whether or not to accept the offer. If the second student does not accept the offer, the professor will take the bill back, but if he accepts the offer, the money will be divided in the ratio decided by the first student. (a) What is the likely outcome of this game if both students value more money to less? (b) What is the likely outcome of this game if the second student values fairness?
4)Differentiate between the two types of altruism.
5)One Sunday afternoon, your mother tells you and your brother that you can make some money by helping her wash dishes. Both of you decide to help her. Once both of you are done with the work, your mother gives you a $20 bill. She also says that you can divide the money between yourself and your brother in any proportion you want, but if your brother does not accept the amount he is being given, she will take all the money back., (a) How much money should you offer your brother if he prefers more money to less? (b) How much money should you offer your brother if you know that your brother prefers fairness to money?
All work must be done to where it is able to be copied and pasted. Answers don’t have to be to long

https://qasralawani.com

College of Administrative and Financial Sciences ECOM101 – E-commerce
E-commerce Project (Part B)
Second Semester 2023-2024 Submission: Thursday, May, 2nd 2024 = 15 Marks

Requirement:
This is a continuous activity for part A, keep working on the same website you have chosen in part A. In this part you are required to evaluate one of the websites below based on what you learn from this course and your perspective. The evaluation will cover the different aspects of ECommerce such as business idea, website design, marketing, security … etc. You will need to analyze the business and provide suggestions to improve the current business situation. The following questions require critical thinking to be answered successfully. The answers to these questions will drive the ways of improvement of the current e-commerce business.
1.Site Design (3 marks)

Evaluate the website design focusing on the eight most important factors in successful ecommerce site design (ease of use, ease of purchase, simple graphics … etc.). You are required to evaluate each factor.
(Discuss possible suggestions to improve the site design).
2.Business software (2 marks)

The development of an e-commerce website requires more interactive functionalities, such as the ability to respond to user input (name and address forms), capturing customer orders for goods and services, clearing credit card transactions on the fly, consolidating price and product databases, and even adjusting advertising on the screen based on user characteristics.
(Explain the different types of software used on the website to perform the current functionalities). What can be done to improve the software?
Payment and Security (3 marks) each point worths 1 mark
What are the methods of payment available in the online store? (What other methods can be added? Explain why?)
What are the technologies used on the website to secure the online transactions? (What other technologies can be added? Explain why?)
What is the current privacy policy of the online store? Outline how the information is collected and used? (What can be added to the privacy policy? Explain why?)
4.Categorize marketing and advertising strategy and method (2 marks)

Explain the current online, offline, and social media marketing strategies of the e-commerce business? (Provide photos or screenshots of your business marketing activities, What can be done to improve the marketing aspects of the business?)

5.Know your competitors (3 marks)

Choose a website of one competitor in the same industry (locally or globally) and compare it with your chosen company’s site. Indicate why the competitor’s website is better or worse than the chosen company’s website. (What can be done by learning from your competitor’s experience?)
6.Conclude your report (2 marks)
Summarize the above points and include your recommendation to improve the e-commerce business.
Guidelines for the assignment part A & B:
The answer sheet must include the following:Cover page
Make sure to include the cover page with all information required. TWO marks will be deducted if there is no cover page
This is a group project (4-5 students), which is part of your course score. It requires effort, research, and critical thinking.
You are required to choose one current business from the list.
Each website can be chosen by one group only.
Use font Times New Roman, 12 font size
Use 1.5 line spacing with adjust to all paragraphs (alignment).
Use the footer function to insert page number.
Ensure that you follow the APA style in your project and references.
The minimum number of required references is 5 references using APA style.
Your whole project report length should be between 1250 to 1600 words.
You must check the spelling and grammar mistakes before submitting the assignment.
Up to 20% of the total grade will be deducted for providing a poor structure of assignment. Structure includes these elements paper style, free of spelling and grammar mistakes, referencing and word count.
Your file should be saved as Word Doc. Follow this pattern to name the file: Your name_CRN_ECOM101_ Project_A or B.docx
Questions
Answers

College of Administrative and Financial Sciences ECOM101 – E-commerce
E-commerce Project (Presentation)
Second Semester 2023-2024 Submission: Thursday, May, 2nd 2024 = 15 Marks

Requirement:

Upon completing your Group Assignment – Parts A and B; in a group, you will be asked to create a powerpoint presentation of your chosen e-commerce business. Your presentation should cover all the elemnts that were discussed in the assignment as listed below:
Presentation must have the following format:
First slide: Cover Page
Business profile: Name of the businessand what is your business, target market, marketplace, products and services provided.
Explain the business system design. (Business objectives, system functionality, information provided).
Explain the current business e-commerce features.
Explain the business e-commerce process.
Explain the business software
Explain the payment and security of the chosen website
What is the marketing and advertising strategy?
Competitor’s analysis
Conclusion
ReferencesThere must be 10 slides in the presentation.
The slides should have a clear background design, readable font size and style with appropriate color.
The power-point presentation must answer all the above parts.
Up to 20% of the total grade will be deducted for providing a poor structure of presentation. Structure includes these elements presentation style, free of spelling and grammar mistakes and referencing.
Your file should be saved as a PowerPoint file and follow this pattern to name the file: Business Name_CRN_ECOM101_ Project_presentation_docx

Guidelines for the Presentation:

Make sure to include the cover page in the first slide.
Work with the same group members
Ensure that you follow the APA style in your references.
The minimum number of required references is 5 references using APA style.

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.