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Economics - mid term paper , Term paper

Question #1: Using a product of your choice, along with prices and quantities you select, create an original tutorial that will teach somebody how to draw a supply curve, a demand curve, and determine the equilibrium point. Also explain the factors that could cause the supply and demand curves to shift up or down and the equilibrium point to change. Question #2: Create a tutorial that teaches readers how to calculate elasticity of demand. Include specific examples (with numbers) of inelastic and elastic demand, then explain what each means and how they are used in decision making when the goal is to maximize revenues. Question #3: Suppose you are operating an online diet program that customers pay a monthly fee for. The first few months your business grew steadily, but now growing numbers of clients are dropping out. A) Use the concept of diminishing marginal utility to explain why customers might be leaving. B) Present a strategy of economic measures for keeping customers and getting the business to grow again. Question #4: Say that the Trump administration hires you to develop two alternative approaches to health care reform. One is a free market approach where government provides legal regulation but no funding. The other is a monopoly approach with no competition and the government as the only provider. Based on what we are learning in this course and any additional economics research you choose to do, explain how you would design each alternative for maximum effectiveness and efficiency. INSTRUCTIONS: Submit 4-5 pages as a Word document with clear, thorough answers that apply economic learning accurately. Do not repeat the questions with your answers. The material must be in your own words and follow APA format (including quotation marks for direct quotes). THE SUBMISSION OF ANY WORK PREVIOUSLY PUBLISHED BY OTHER STUDENTS WILL RESULT IN A GRADE OF "0." The mid-term exam is due by Wednesday, 11/28.
Question #1: Using a product of your choice, along with prices and quantities you select, create an original tutorial that will teach somebody how to draw a supply curve, a demand curve, and determine the equilibrium point. Also explain the factors that could cause the supply and demand curves to shift up or down and the equilibrium point to change.
Assignment ID
785642
Discipline
CREATED ON
28 November 2018
COMPLETED ON
29 November 2018
Price
$30
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28 November 2018
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28 November 2018
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28 November 2018
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29 November 2018
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