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Microeconomics

This is for 2  short  assignments please take a look each part is to be turned in on Doc files part one and part 2 with there own APA

 

Heres part one

 

Instructions

 

Directions: . Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.

The “Assignment Format” on the Course Home page is listed below.

Format Requirements (Print this page)

Use the following format requirements on all submissions.

Writing Style APA (American Psychological Association)

Note: To find detailed information on APA manuscript style guidelines on the Internet, go to www.apastyle.org.

Margins 1” all sides

Paragraph The entire document should be double-spaced on standard-sized paper (8.5? x 11?)

Headings Bold

Type Style and Size Times New Roman, 12 point

Software MS Word

Student/Assignment Information

The following information should be on the first page on the top left side of the page in the format provided below. Do not provide a cover sheet.

Student Name

Student Identification Number

Course Number and Title

Assignment Number and Title

Date of Submission

 

 

Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.

Part A  

Politicians are often heard saying that tuition at state universities should be kept low “to make education equally accessible to all residents of the state, regardless of income.”

  1. Assuming that state funding for the universities is held constant, describe the conditions that will prevail if tuition is held below equilibrium price. Provide one (1) example to support your response.
  2. Will education really be “equally accessible” under these conditions? Provide one (1) example to support your response.

Part B

Using the Internet, research the influenza vaccine, or “flu shot.” Use the following to guide your research:

  1. Think about the flu shot in the context of a public good.
  2. What are the economic benefits of the flu shot?
  3. In what ways has the government become involved in the distribution of flu shots? For what reasons?

 

  1. Describe one (1) reason why the private market for flu vaccinations would produce an inefficient outcome.

 

  1. Describe one (1) way that government involvement could achieve an efficient quantity of vaccinations.

 

  1. Provide one (1) original example for each of the following:
  2. a private good
  3. a public good.

 

 

That is one part and second part is

 

 

nless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.

The “Assignment Format” on the Course Home page is listed below.

Format Requirements (Print this page)

Use the following format requirements on all submissions.

Writing Style APA (American Psychological Association)

Note: To find detailed information on APA manuscript style guidelines on the Internet, go to www.apastyle.org.

Margins 1” all sides

Paragraph The entire document should be double-spaced on standard-sized paper (8.5? x 11?)

Headings Bold

Type Style and Size Times New Roman, 12 point

Software MS Word

Student/Assignment Information

The following information should be on the first page on the top left side of the page in the format provided below. Do not provide a cover sheet.

Student Name

Student Identification Number

Course Number and Title

Assignment Number and Title

Date of Submission

 

 

Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.

Part A

Imagine that it is the year 2199. Technology has progressed at an incredible pace. The latest discovery is the plutonium engine, which is capable of converting plutonium, a by-product of nuclear fission, into fuel to power the nuclear reactors in our new form of transportation, the rocket-car. However, because the firm that invented the engine, the Futures Unlimited Corporation, already has a government license to control and distribute the quantity of this certain isotope of plutonium on the market, it is now conceivably in charge of a monopoly on plutonium-fueled transportation.

  1. Describe the economic outcome of this single-price monopoly in terms of profit. Provide one (1) supporting fact to support your response.
  2. Describe one (1) way that the Futures Unlimited Corporation makes output and price decisions.

Part B

  1. Would consumers benefit more from a tariff or a quota on imports? Provide one (1) supporting fact to support your response.
  2. Consider the following weekly production possibilities of gloves and hats in Panama and Russia:
Russia Panama
Gloves 20 180
Hats 80   90

 

  1. What is each country’s opportunity cost of producing gloves and hats?
  2. If the countries could, should they trade? Provide one (1) supporting fact to support your position.

END

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Microeconomics

– Answer all three questions, with a brief essay format of least a 1 pages per question.

– The Health care plan article from the Washington Post was handed out in class, refer to it for facts on question 2 — (link: https://www.washingtonpost.com/blogs/plum-line/wp01/2017/03/07/the-new-republican-health-care-plan-is-awe-inspiringly-awful/?tid=ss_mail)

Questions:

1) Amazon is among the most successful corporations in the world, with 241,000 employees worldwide, and an estimated net worth of 72 Bil. In terms of our Micro class how would your profile the business model success of Amazon. In the retail market framework what economic concepts. tools were envisioned and implemented that drives Amazon’s success story, and has turned the Retail market on its head. Were there novel market forces at hand that drove the model. Outline Amazon’s Supply chain and Consumer Demand convergence in the marketplace. What methods of delivery optimization are utilized, including the relevance of demographics and informatics. They are also Globally market positioned. Do you think they have optimized their growth arc in the Retail market, or do you see a more expansive frontier. Do you foresee any concerns for incurred diseconomies for Amazon’s delivery system as they expand their markets.

2) The US Congress is in the midst of debating a replacement of our first National Health Care program, the American Care Act, or the ACA.. We as a nation rank as the lowest Health Care provider among the developed nations of the world, and yet we struggle with what could be described in commodity terms, as the budgetary outlay for an entitlement program. In other words, an expensive Welfare program. The current A.C.A. is a public/ private Insurance partnership plan funded primarily by tax dollars, and individual tax contributions from corporations and a tax on the very wealthy. Guaranteed extended coverage is guaranteed through federal funding to State wide Medicaid programs. The first concern we have as economists, is what kind of “good “ is Health care in terms of the market. Thinking of the original A.C.A. plan, what is the economic rationale of covering pre existing conditions, Also, the mandated penalty ,if you refuse health insurance coverage. What is the economic assessment behind this mandate. The recent replacement plan proposal does away with obliged participation, and works more on a voluntary voucher system or an insurance incentive system, driving the insured to a more privatised market relationship. As we analyse possible overturn and current plan, with its flaws, outline the consequences, possible outcomes : for those seeking insurance, on the scale of Supply and Demand for health care services. Identify the beneficiaries vs the losers of the proposed replacement plan. Ask yourself, is the proposed plan a rationed plan for those who can afford health insurance under the new conditions of the plan ( those more elderly would now pay as as high as 5x compared to the A.C.A. plan).

Finally, think back again to the values of Public and Social Goods and the importance of capturing the true costs and benefits as external measured goods/ costs outside the marketplace of transactions, and yes, budgets.

3) Assume the new Administration imposes a Tariff on goods imported from Mexico, at one point a suggested 35% Tariff, as reaction to his assessment of job losses in the US resulting from the NAFTA trade agreement. Keep in mind, Mexico is our third largest trade partner and we import close to 250 Bil. in goods a year coming into the country each year. Imports range from beer,tomatoes, to computer parts, electronic wiring and the VW Jetta line of cars, among others. Discuss the bottom line rationale for international trade, the benefits and some of the criticisms and fallout resulting from. trade. How do the trading partners gain in the transactions. Bottom line, do you think trade barriers or obstacles such as quotas, in general, are a good thing. Are there exceptions to the rule,such as the Infant Industry argument.

Lastly, illustrate on a graph assuming an Equilibrium starting point for the total Supply / Demand in the US economy ( which includes imports ), and what happens when an hypothetical 35% tariff is imposed on Mexico imported goods.
What shifts occur for the US consumer price levels and the producer impact. Also, what effects do you think will fall to the Mexican economy as a result of the US import tariff.

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