Week 6 and week 7 : answer all questions please! includes four (4) applications
ID: 1131528 • Letter: W
Question
Week 6 and week 7 :
answer all questions please!
includes four (4) applications in major areas in microeconomics: 1) scarcity/incentives; 2) opportunity costs; 3) supply and demand; and 4) market equilibrium. You must complete all four applications. The options for each application are located in the textbook. The Week 6 and 7 Assignment grading is as follows: Applications 1, 2, 3, and 4: 9 points each Articulation and APA: 2 points The grading rubric for Week 6 is located on the Week 6 Assignments page. You will complete your Final Essay for each application as part of the Economics Assessment due by the end of Week 8. Final assessment grading is as follows: Applications 1, 2, 3, and 4: 27 points each Articulation and APA: 12 points The grading rubric for the Economics Module Assessment is located on the Economics Module Assessment - Assignments page.
APPLICATION 1 - SCARCITY/INCENTIVES Prior to completing the application, it is highly recommended that students review Chapters 1 and 2 to gain a solid foundation.
OPTION 1: “INCENTIVES TO BUY HYBRID VEHICLES”
OPTION 1: USING VALUE ADDED TO MEASURE THE TRUE SIZE OF WALMART
APPLICATION 2: OPPORTUNITY COSTS Prior to completing the application, it is highly recommended that students review Chapters 1 and 2 to gain a solid foundation.
OPTION 1: DON’T FORGET THE COSTS OF TIME AND INVESTED FUNDS OPTION 2: MORE DISABILITY, LESS UNEMPLOYMENT?
APPLICATION 3: Law of SUPPLY AND DEMAND Prior to completing the application, it is highly recommended that students review Chapter 3 to gain a solid foundation.
OPTION 1: LAW OF DEMAND AND CIGARETTES
OPTION 1 CREATING THE U.S. FEDERAL FISCAL SYSTEM THROUGH DEBT POLICY OLYMPICS
Explanation / Answer
OPTION 1: “INCENTIVES TO BUY HYBRID VEHICLES”
As there is a scarcity of petrol and diesel on the earth, the price of the fuel is very high. The customers thus prefer to buy hybrid vehicles, which run on both petrol as well as electricity, which do not cause any pollution and there is no scarcity also.
OPTION 1: USING VALUE ADDED TO MEASURE THE TRUE SIZE OF WALMART
Walmart is creating a value addition to the customers by providing large variety of commodities, comfortable ambience, large disount and good quality of products. Moreover, they also offer good customer relationship practices which are highly required.
OPTION 1: DON’T FORGET THE COSTS OF TIME AND INVESTED FUNDS OPTION 2: MORE DISABILITY, LESS UNEMPLOYMENT
Opportunity cost is the benefit foregone when the customer doesnt choose the second best option. If a person purchases anything, he only considers the amount of money spent. The amount of time spent by the person should also be considered which is the hidden cost.
OPTION 1: LAW OF DEMAND AND CIGARETTES
Cigarettes is an item of addiction. Once people starts smoking they become addicted to it and are ready to pay any price for the cigarettes.Thus the cigarettes do not follow the law of demand. If the price increases, the customers due to its addiction, the demand doesnt come down and customers keep purchasing at the same rate.
OPTION 1 CREATING THE U.S. FEDERAL FISCAL SYSTEM THROUGH DEBT POLICY OLYMPICS
US Federal Fiscal System is determined by the Debt Policy Olympics. The government revenue and its expenditure depends on the debt policy and thus the government decides their budget.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.