Categories
Micro Economics

Complete the assignment attached i have also attached PowerPoints to give you in

Complete the assignment attached i have also attached PowerPoints to give you insight to some of the short lessons in class to make the paper easier
you will use https://www.wsj.com/
for articles My code is JalenBruce3@ gmail.com
Alexander1!

Categories
Micro Economics

Answer all the questions, and show all of your reasoning, work, steps, methodolo

Answer all the questions, and show all of your reasoning, work, steps, methodologies, tables, and graphs used to obtain your solutions. Failure to do so may result in the question being marked incorrect. Remember that your answers must be handwritten and not typed.

Categories
Micro Economics

Complete the assignment attached i have also attached PowerPoints to give you in

Complete the assignment attached i have also attached PowerPoints to give you insight to some of the short lessons in class to make the paper easier
you will use https://www.wsj.com/
for articles My code is JalenBruce3@ gmail.com
Alexander1!

Categories
Micro Economics

Read the following two articles about gender pay gap and write a summary essay o

Read the following two articles about gender pay gap and write a summary essay on it: (1) “How to achieve gender equality in pay” and (2) “… gender earnings gap of 7% even in the complete absence of gender discrimination”.
How to achieve gender equality in pay
Pay Disparity New research on nearly 2 million Uber drivers finds a gender earnings gap of 7% even in the complete absence of gender discrimination

Categories
Micro Economics

Complete the assignment attached i have also attached PowerPoints to give you in

Complete the assignment attached i have also attached PowerPoints to give you insight to some of the short lessons in class to make the paper easier
you will use https://www.wsj.com/
for articles My code is JalenBruce3@ gmail.com
Alexander1!

Categories
Micro Economics

Read the following two articles about gender pay gap and write a summary essay o

Read the following two articles about gender pay gap and write a summary essay on it: (1) “How to achieve gender equality in pay” and (2) “… gender earnings gap of 7% even in the complete absence of gender discrimination”.
How to achieve gender equality in pay
Pay Disparity New research on nearly 2 million Uber drivers finds a gender earnings gap of 7% even in the complete absence of gender discrimination

Categories
Micro Economics

Complete the Topic 7 Assignment in MindTap for Mankiw’s Principles of Microecono

Complete the Topic 7 Assignment in MindTap for Mankiw’s Principles of Microeconomics.
Chapter 15: Problems and Applications Q1, Q5, Q7, Q9, Q12
Chapter 16: Problems and Applications Q5, Q6, Q7, Q10
APA style is not required, but solid academic writing is expected.
You are not required to submit this assignment to LopesWrite.

Categories
Micro Economics

Amongst many issues, Covid-19 brought about a reduction in consumption of a numb

Amongst many issues, Covid-19 brought about a reduction in consumption of a number of goods and services (restaurants, movie theaters, airlines, tourism,…). In fact, a remarkable feature of Covid-19 was the significant increase in personal savings in the US economy (and several other economies around the world). The spike in the personal savings rate is dominated by the large government transfers to households through the CARES and subsequent programs, though the increase in savings goes beyond those transfers as can be seen in the graph labeled 1 in the attachment named graphs.
Another feature of Covid is the remarkable movement in labor force participation, as described in the graph 2 – see attached
A final feature of Covid has been the remarkable increase in New Business Applications and reduction in the number of bankruptcies that, typically, have led to increases in business creation. In the past, new entrants have led to faster productivity gains. see graph 3
a) Use the consumption/savings model in the document called models to explain this consumer behavior. Make sure to include in your comments the evolution of real disposable personal income, precautionary savings and hand-to-mouth households. **you must include graphs for explanation for personal income, hand-to-mouth. You may use Euler equation to explain precautionary savings
b) Using the labor market models in the attached document called models, analyze the consequences on labor supply and demand that might have operated during Covid and its legacy going forward. **you must include graphs for explanation

Categories
Micro Economics

This assignment’s learning objectives (MLO) are: MLO13.1: List the characteristi

This assignment’s learning objectives (MLO) are:
MLO13.1: List the characteristics of monopolistic competition.
MLO13.3: Explain why monopolistic competition delivers neither productive nor allocative efficiency.
MLO13.4: Describe the characteristics of oligopoly.
MLO13.5: Discuss how game theory relates to oligopoly.
The Costco Craze
Costco is an amazing retail success. Since opening its first store in Seattle in 1983, it has grown to a worldwide giant that has turned retailing on its head. Here’s a brief description of some of the characteristics of Costco (taken from Wikipedia, which may be the Costco of online references…):
Costco focuses on selling products at low prices, often at very high volume. These goods are usually bulk-packaged and marketed primarily to large families and businesses. Furthermore, Costco does not carry multiple brands or varieties where the item is essentially the same except when it has a house brand to sell, typically under the Kirkland Signature label. This results in a high volume of sales from a single vendor, allowing further reductions in price, and reducing marketing costs. If Costco management feels the wholesale price of a product is too high, they will refuse to stock the product. For example, on November 16, 2009, Costco announced that it would stop selling Coca-Cola products because the soft-drink maker refused to lower its wholesale prices. Costco resumed selling Coca-Cola products on December 14, 2009.Costco also saves money by not stocking extra bags or packing materials; to carry out their goods, customers must bring their own bags or use the merchandise shipping boxes from the company’s outside vendors.
Lighting costs are reduced on sunny days, as most Costco locations have several skylights. During the day, electronic light meters measure how much light is coming in the skylights and turn off an appropriate percentage of the interior lights. During a typical sunny day, it is very common for the center section of the warehouse to have no interior lights powered on.
Most products are delivered to the warehouse on shipping pallets and these pallets are used to display products for sale on the warehouse floor. This contrasts with retail stores that break down pallets and stock individual products on shelves. Costco limits its price markup on items to 15%
Costco is known for treating its employees well. (Craig Jelinek , Costco CEO got a lot of publicity after recommending that the nation should raise the minimum wage to $10.10/hr.) It offers them health insurance, good pay, and a chance for advancement. Yet, it still makes more than $10,000 in profit from each employee as compared to $7,400 in profit per worker for WalMart.
https://www.youtube.com/watch?v=cysRawnadPc
This video explores why Costco is so successfu.
answer the following questions (at least 1-2 paragraphs for each question):
How does Costco differ from other retailers?
Why doesn’t Costco advertise?
Why does Costco keep the price of its hot dogs and other fast food so low? How does it do it?
Does it pay to be a Costco member? How would an economist calculate the cost of membership?
Why does Costco charge a membership fee?
Which type of industry structure does Costco fall under? (perfect competition, monopoly, monopolistic competition or oligopoly? Explain.
Read more about Costco below:
https://www.cnbc.com/id/47030246
https://www.cnbc.com/id/47029484
https://www.cnbc.com/id/47175492

Categories
Micro Economics

This assignment’s learning objectives (MLO) are: MLO13.1: List the characteristi

This assignment’s learning objectives (MLO) are:
MLO13.1: List the characteristics of monopolistic competition.
MLO13.3: Explain why monopolistic competition delivers neither productive nor allocative efficiency.
MLO13.4: Describe the characteristics of oligopoly.
MLO13.5: Discuss how game theory relates to oligopoly.
The Costco Craze
Costco is an amazing retail success. Since opening its first store in Seattle in 1983, it has grown to a worldwide giant that has turned retailing on its head. Here’s a brief description of some of the characteristics of Costco (taken from Wikipedia, which may be the Costco of online references…):
Costco focuses on selling products at low prices, often at very high volume. These goods are usually bulk-packaged and marketed primarily to large families and businesses. Furthermore, Costco does not carry multiple brands or varieties where the item is essentially the same except when it has a house brand to sell, typically under the Kirkland Signature label. This results in a high volume of sales from a single vendor, allowing further reductions in price, and reducing marketing costs. If Costco management feels the wholesale price of a product is too high, they will refuse to stock the product. For example, on November 16, 2009, Costco announced that it would stop selling Coca-Cola products because the soft-drink maker refused to lower its wholesale prices. Costco resumed selling Coca-Cola products on December 14, 2009.Costco also saves money by not stocking extra bags or packing materials; to carry out their goods, customers must bring their own bags or use the merchandise shipping boxes from the company’s outside vendors.
Lighting costs are reduced on sunny days, as most Costco locations have several skylights. During the day, electronic light meters measure how much light is coming in the skylights and turn off an appropriate percentage of the interior lights. During a typical sunny day, it is very common for the center section of the warehouse to have no interior lights powered on.
Most products are delivered to the warehouse on shipping pallets and these pallets are used to display products for sale on the warehouse floor. This contrasts with retail stores that break down pallets and stock individual products on shelves. Costco limits its price markup on items to 15%
Costco is known for treating its employees well. (Craig Jelinek , Costco CEO got a lot of publicity after recommending that the nation should raise the minimum wage to $10.10/hr.) It offers them health insurance, good pay, and a chance for advancement. Yet, it still makes more than $10,000 in profit from each employee as compared to $7,400 in profit per worker for WalMart.
https://www.youtube.com/watch?v=cysRawnadPc
This video explores why Costco is so successfu.
answer the following questions (at least 1-2 paragraphs for each question):
How does Costco differ from other retailers?
Why doesn’t Costco advertise?
Why does Costco keep the price of its hot dogs and other fast food so low? How does it do it?
Does it pay to be a Costco member? How would an economist calculate the cost of membership?
Why does Costco charge a membership fee?
Which type of industry structure does Costco fall under? (perfect competition, monopoly, monopolistic competition or oligopoly? Explain.
Read more about Costco below:
https://www.cnbc.com/id/47030246
https://www.cnbc.com/id/47029484
https://www.cnbc.com/id/47175492