Micah Clark
Wanda Price
BU1110
Unit 3 Assignment 1
Unit 3 Assignment 1
Micah Clark
Wanda Price
Micah Clark
Wanda Price
BU1110
Unit 3 Assignment 1
1. Describe corporate social responsibility: Corporate
Micah Clark
ES2550
Project Part 2
Project Part 2: Market for Wingdings
Part1:
1. Does the U.S. have a comparative advantage in Wingdings? Explain
a. The U.S. does not have a comparative advantage in W
Micah Clark
ES2560
Week 4 Exercise
Week 4 Employment and Unemployment
1. Bob is a 21-year-old history major at the University of South Carolina. Its summer
now, and he is working as a lifeguard in Mia
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Week 1 Analysis 2
Events
1. The Wacky Widget Factory, a firm, decides to produce 5,000 gadgets instead of 10,000
widgets: This event is Microeconomic. This decision to increase thei
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Week 1 Analysis 1
The Opportunity Cost of Macroeconomic Events
Event 1:
The government passes a law allowing states to pay unlimited unemployment benefits to all
unemployed workers
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Project Part 3
Project Part 3
How this trade arrangement is beneficial
The US and China are economically connected and do help each other with trade and
related activities, which ar
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ES2550
Project Part 2
Project Part 2: Market for Wingdings
Part1:
1. Does the U.S. have a comparative advantage in Wingdings? Explain
a. The U.S. does not have a comparative advantage in W
Micah Clark
ES2550
Week 10 Analysis
Finding the Optimal Amount of Labor
Consider the values in the following table for Terrells Televisions
A. The marginal product of labor is when the change in outpu
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Week 10 Analysis
Foreign Monetary Policy
Suppose the People's Bank of China wishes to peg the rate of exchange of its currency, the Yuan,
in terms of the U.S. dollar. In each of the
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Week 9 Exercise
Keynesian vs. New Keynesian
According to the Keynes theory of income determination, the total of expenditures including
consumption, investment, net exports and gove
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Week 8 Exercise
The Money Creation Process
Suppose that First National Bank, Second National Bank, and Third National Bank have zero
excess reserves. The required reserve ratio is 2
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Week 8 Analysis
Federal Funds Rate
All banks by law to maintain certain levels of reserves with the federal government or as cash
held on site at the bank. Levels of these reserves
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Week 6 Exercise
Public Debt
Spending depends on consumer confidence and on short-term interest rate determined by the
Federal government raising or lowering short-run interest rates
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Week 2 Analysis 2
Demand and Supply Changes
Event 1 The price of oil increases because OPEC reduces Oil production. Supply, since the
supply has decreased prices will rise.
Event 2
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Week 4 Analysis 1
Calculating and Interpreting Elasticity
1. A. When the price of oranges increases for $1.00 per pound to $1.50 per pound, quantity
demanded falls from 500lbs to 40
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Week 4 Analysis 2
Finding Optimal Consumption
The following table displays Georges consumption of soda pop and pretzels. The price of each
soda pop is $2.00 and the price of each pr
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Week 9 Analysis 2
Pharmaceutical Drugs and Drug Companies
Discuss the market for pharmaceutical drugs. Use the ITT Tech Virtual Library to research
information on pharmaceutical com
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Week 9 Analysis 1
Monopolistic Competition
Consider the following graph of a monopolistically firm selling DVDs.
A. How many DVDs should be sold to rent per day to maximize profit?
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Week 8 Analysis 2
Current Monopolies
Question 1 of 1:
Examples of a current monopoly could include Microsoft or Wal-Mart, both accused of
running small town shop-owners out of busin
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Week 3 Analysis 1
Task 1: Explanation and Analysis
Event 1: The wages for all dental assistants increase, increasing the costs of inputs.
Determine whether demand or supply changes,
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Week 8 Analysis 1
Monopoly vs. Perfect Competition
Figure 1 Perfect competition compared with monopoly
Arm(Dp) is the monopolist's demand curve and the market demand curve under per
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Week 7 Analysis
Profit Maximization
Task 1: Consider the following table of costs for the Winsome Widget Factory, which operates in
a perfectly competitive market. The market price
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Week 6 Analysis 2
Calculating and Interpreting the Costs of Production
Part I. Consider the values in the following table for the Winsome Widget Factory.
a.
Fill in the formula for
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Week 6 Analysis 1
Diminishing Returns
A)
I.
II.
MP = change in total produce / change in variable input
AP = Total Output / # of Workers
B)
Quantity of
Labor
0
Winsome Widget Factor
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ES2550
Week 4 Analysis 2
Week 5: Good Provision and Agents
Task 1: Consider the following lists of goods. For each good, explain the following points.
A. A cup of coffee at a coffee shop
Y
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Week 2 Analysis 1
Graph and Interpret the Production Possibilities Model
1. Does this graph display constant or increasing opportunity cost? Explain. There is a constant
opportunity
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Week 8 Analysis
Public Debt
Spending depends on consumer confidence and on short-term interest rate determined by the
Federal government raising or lowering short-run interest rates
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ES2560
Week 6 Exercise
Oil Price Shocks
Research conducted during this last decade has challenged beliefs about the causes
and consequences of oil price shocks. While the empirical and the