Production, Costs, And Profits Business is booming at a local fast food restaurant. It is contemplating adding a new grill and French fry machine, but the day supervisor suggests simply adding more workers. How should the manager decide which altern Continue Reading...
Economics of Alcohol Abuse Econcs Of Drugs & Alcohol How an Economist Might Approach Alcohol Abuse One answer would be to raise price by decree. Holding all other factors the same, this artificial price increase would initially reduce quantity Continue Reading...
Both saving on a microeconomic sense and saving on a macroeconomic sense entail taking he long-term view into perspective for it means surrendering immediate gratification for achieving long-term goals, sometimes -- as in the microeconomic context Continue Reading...
Whereas in monopolistic competition it is expected that competitors will match innovations in the long run, that is not necessarily the case in an oligopoly. The firm against which you are competing might not be able to match your innovation capabil Continue Reading...
Equilibrium and Barriers Barriers to Entry and Long-Term Equilibrium in Monopolistic Markets: Strategy and Market Forces Introduction Marginal Equilibrium Barriers to entry can arise out of natural market forces as well as through careful strategi Continue Reading...
To cope with these rising costs, many employers will pass them on to their employees, as they are struggling to deal with this challenge (microeconomic factors). In this case, microeconomics is being applied to a macroeconomic issue, with the busine Continue Reading...
It remains important, however, that the company does not violate any of the prevailing laws with respect to marketing. Laws concerning false advertising and intellectual property (especially trademark) violations must be paid due attention when deve Continue Reading...
The public face of stigma involves the general public's negative beliefs, feelings and behaviours directed toward those with a stigma" (¶ 4). Public stigma may contribute to a cycle of poverty by: a) Employers discriminating against obese indiv Continue Reading...
If the daily paper were more expensive, the elasticity would increase. In terms of profit, the daily paper is a strong proposition. Clearly priced well above the variable cost, the daily paper takes advantage of the low price elasticity of demand t Continue Reading...
Even searching the Internet for information has a cost, the opportunity cost of one's time. Thus, one will consider the cost of obtaining information before seeking it out to make a decision. The remaining three assumptions of the economic way of t Continue Reading...
Size/Cooperative Learning & it's effects on participation Action Research Question Will cooperative learning have a significantly positive impact on smaller or larger classes? The purpose of this study was to investigate if cooperative learni Continue Reading...
Macroeconomics The Basic Methodology of Economic Analysis Economics analyzes activities in the, on the whole economy, for example inclination in unemployment, output, prices, as well as foreign trade. Once such inclination is that economic analysis Continue Reading...
Six Examples of Macro Environment Introduction The macro environment refers to the external factors that can affect a business or organization on a larger scale. These factors are generally uncontrollable and can include economic, social, polit Continue Reading...
Establishing a minimum wage has been a topic of hot debate among economists, policymakers, and the public at large. Proponents of minimum wage laws argue that they are essential for ensuring a fair standard of living, reducing poverty, and promoting Continue Reading...
Positive and Normative EconomicsIntroductionThe discipline of economics contains two primary approaches to studying economic issues: positive and normative economics. Positive economics aims to provide objective, fact-based analysis, whereas normativ Continue Reading...
A discriminating monopoly is an entity charging different prices for its services or products in different markets or consumers. The prices are usually not associated with the cost of the product or service provision. A company operating as a discrim Continue Reading...
Solving Problems Recruiting Techniques: Realistic Job Previews Realistic job previews (RJPs) are employed to hire individuals who will remain and perform the job due to personal fulfillment since these people have a practical perception of the work w Continue Reading...
Gasoline, similar to any other commodity in the marketplace, is influenced by the forces of demand and supply. In turn, this impacts the quantity amount of the commodity that is demanded and supplied to the consumers. The following discussion will en Continue Reading...
Cultural Analysis of Japan for Expansion of Postmates Before any business into a new market, it is essential the marketplace itself is considered. Postmates is looking to expand. This organisation is an on demand delivery service established within Continue Reading...
Market Structure and Managerial Decision Making The objective of this paper is to discuss the concept game theory in the competitive market environment where there are two or more firms competing against one another. The paper cites the examples of Continue Reading...
Walt Disney's Marketing Mix/Strategies Product and Service Strategy The products offered by Walt Disney are much more tangible and services. These products have offered Walt Disney high awareness among many customers in the market. The products are Continue Reading...
Duration in the Investment Decision Seasoned financial experts will consider numerous factors when considering potential investments. Common considerations for fixed term securities, such as bonds, will include risk and reward, with the reward asse Continue Reading...
Unemployment on Voter Turnout Rates in Britain's Elections In many countries where voting is a right but not compulsory, voter turnout levels have declined precipitously in recent years, causing a growing number of political scientists to examine t Continue Reading...
political scenario illustrated that governments all over the globe are making their immigration rules more stringent because of the rise in terrorism; the implication of this phenomenon is a decrease in international traveling, which endangers conti Continue Reading...
Airline Deregulation There are many questions about whether the deregulation of the airlines was a success or not. Some assert that it was a "great success" due to the lower fares that were realized by a lot of airline passengers. However, whether t Continue Reading...
Economists Have to Say About Gasoline Price Elasticity In contemporary society, the price of gasoline often appears to change in a fickle manner and most often seems unrelated to any real world global events as might be expected. Charging higher ta Continue Reading...
Public Institutions Professional ethics refer to the ethics that surround a particular profession. These are the ethical standards that surround the job, and they will typically encompass a range of job-specific ethics and basic ethical standards in Continue Reading...
Welfare The American welfare state is best viewed through the lens of a liberal point-of-view. In fact, the American welfare state can only be viewed through the liberal lens, because a conservative lens tends to disavow the efficacy of social welfa Continue Reading...
Antitrust Laws: Benefits, Importance, And Effectiveness Standard economic theory holds that sufficient competition is a vital ingredient for the effective functioning of markets, without which unscrupulous players would be better placed to not only Continue Reading...
Marketing for Humanitarian Organizations Marketing and Humanitarian Marketing is often described as the activities which a company or organization undertakes in selling and buying products and services. It involves promoting their products and serv Continue Reading...
Business Ethics Social Performance Of Organizations BP PLC (famous as British Petroleum PLC) is a multinational company from Britain. The company's headquarters is located in London, England, United Kingdom. The company mainly deals in the producti Continue Reading...
open-ended question. I don't know about organizational thinking -- individuals think; an organization has no brain. I do know, however, that strategy is set within organizations on the basis of all manner of internal and external variables. Several Continue Reading...
Intra-Industry International Trade: Benefits and Costs Trade is brought about by specialization. People specialize in those goods and services that they can produce effectively, and since they cannot survive on only these, exchange their surplus pro Continue Reading...
Antitrust Failure of the Firm to Increase Market Power through the Merger Merging refers to a corporate combination of two or more independent companies into one enterprise. A merge can take various forms such as a dominant firm purchasing the shar Continue Reading...
Fiscal and Monetary Issues in America Economics There are high tensions in the American economy today resulting from speculations whether the government will be able to hit the debt ceiling. Failure to hit the debt ceiling has serious economic eff Continue Reading...
Elasticity of Demand Discuss elasticity of demand as it pertains to elastic, unit, and inelastic demand Price elasticity of demand is the measure of the change in the demand of a given product as a response to a change of its price. When demand is Continue Reading...
