I’m stuck on a Micro Economics question and need an explanation.Within your threadDescribe the tragedy of the commons as defined in the text.
Think of local commons that you are familiar with [parking lots, bathroom stalls, grocery store lines, box of tissues in an office, fishing ponds, etc.] Do similar situations arise? Explain the commons tragedy with 2 of these.
HOW might those problems be solved?
& 5. After you have posted your response review the posts of your other classmates. Respond to at least two of them (preferably to those who have not yet received responses), by identifying elements that perhaps the original posting may have overlooked or some considerations that should have been taken into account.
Requirements: As long as needed
I’m studying for my Micro Economics class and need an explanation.lay a game of monopoly with your family/friends or electronically.Within your threadDiscuss why you believe the game is named Monopoly rather than Oligopoly
Choose THREE of the following and explain how the game demonstrates the economics concepts as defined in the text.
Economies of scale
“The invisible hand of the market”
Include a picture or screenshot of your game in progress in your thread.(Google search “how to include image in discussion thread blackboard” to learn how.)
4. & 5. After you have posted your response review the posts of your other classmates. Respond to at least two of them (preferably to those who have not yet received responses), by identifying elements that perhaps the original posting may have overlooked or some considerations that should have been taken into account.
Requirements: As long AS needed
I don’t know how to handle this Micro Economics question and need guidance.During the past year of living in this pandemic, many, many items have had severe shortages. Research an item (toilet paper, masks, plastic, etc.) and tell usWhat item you have chosen and why.
What created the shortage.
The impact on supply.
The impact on demand.
The impact on price.
Use terms and concepts from Chapter 4 in the textbook to explain. Requirements: paragraph
I don’t know how to handle this Micro Economics question and need guidance.Discuss the major determinants of price elasticity of demand.
With these determinants in mind, take a moment to see if you can figure out which of the following products have elastic demand and which have inelastic demand. Note: answers may vary, so DEFEND your answer.
3. & 4. After you have posted your response review the posts of your other classmates. Respond to at least two of them (preferably to those who have not yet received responses), by identifying elements that perhaps the original posting may have overlooked or some considerations that should have been taken into account.
Requirements: as needed
I need an explanation for this Micro Economics question to help me study.position paper”Assume that society’s goal is to increase the income of the working poor. It is suggested that the minimum wage should be increased to $25 per hour as the best way of achieving this objective.”Argue in favor FOR the statement. Think of this as providing a brief for your boss to use in a TV/radio interview. (Assume that your boss doesn’t know much!). Show what is good about your position.Note: It is up to you to determine the best way to present your evidence.Assume that your reader is a busy executive and will rely on your brief as her main source of information. Do not provide a link or reference and say “Hey, here’s something you should read!” If you wish to introduce such evidence, then cite and summarize it.word limit: at least 1000 words Requirements: 1000 words
I’m working on a micro economics writing question and need guidance to help me understand better.For this assignment you are to submit a short paper of at least 400 words. The first part of your paper should be a short summary of the main points of the reading (see below) while the second part should be your own reflection on the arguments presented in that reading. Feel free to disagree with the arguments but be sure to explain why; always back up your claims with thoughtful arguments! Please note that the 400 word length is a minimum; if you need more space feel free turn in a longer paper.The reading you are to write on is one of the following chapters, of your own choice, from Henry Hazlitt’s Economics in One Lesson:”Public Works Mean Taxes””Taxes Discourage Production””The Curse of Machinery””Who’s Protected by Tariffs?””Saving the X Industry””Do Unions Really Raise Wages?””Government Price-Fixing”You can find links to Economics in One Lesson in the weekly modules. Please see the grading rubric below for information on how this assignment will be graded.Also: be aware that the plagiarism software is on for this assignment. Any turnitin score at or above 40% will earn an automatic zero. If you submit your paper and the score is above 40% please rework it and resubmit. You have an unlimited number of submissions. Requirements: 400 words or more | .doc file
Help me study for my Micro Economics class. I’m stuck and don’t understand.Ch. 3 Demand, Supply, and Market Equilibrium Suggested discussion topic: Explain the law of demand. What are the determinants of demand? Explain the law of supply. What are the determinants of supply? What is so special about market equilibrium? What is the difference between changes in quantity demanded/supply and changes in demand/supply? What are some of the implications of government intervention in markets?References are APA 7.0 Requirements: 150 words