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ECO407 week3

Paper details Discussion Question 1 (20 points)
o Prompt: Read “YOU’RE THE ECONOMIST: Recession Takes a Bite Out of Gator Profits” in Chapter 8. Assuming gator farming is perfectly competitive, explain the long-run competitive equilibrium condition for the typical gator
farmer and the industry as a whole.
o Requirements: 250 words minimum initial post,
• Discussion Question 2 (20 points)
o Prompt: Read “YOU’RE THE ECONOMIST: The Standard Oil Monopoly”
in Chapter 9. If Standard Oil was a natural monopoly, what would happen to the
average cost of producing gasoline after the company was split up? Explain using
an LRAC curve.
o Requirements: 250 words minimum initial post,

My textbook is Tucker, I. B. (2019). Economics for today (10th ed.). Boston, MA: Cengage Learning

Week 6 Discussion Should Jones raise her prices 10 percent to offset the increase in monthly rent?

Paper details Jones is the manager of an upscale clothing store in a shopping mall that contains only two such stores. While these two competitors do not carry the same brands of clothes, they serve a similar clientele. Jones was recently notified that the mall is going to implement a 10 percent across-the-board increase in rents to all stores in the mall, effective next month. Should Jones raise her prices 10 percent to offset the increase in monthly rent? Explain carefully.

Week 6 Discussion Should Jones raise her prices 10 percent to offset the increase in monthly rent?

Paper details Jones is the manager of an upscale clothing store in a shopping mall that contains only two such stores. While these two competitors do not carry the same brands of clothes, they serve a similar clientele. Jones was recently notified that the mall is going to implement a 10 percent across-the-board increase in rents to all stores in the mall, effective next month. Should Jones raise her prices 10 percent to offset the increase in monthly rent? Explain carefully.

ECO407 week3

Paper details Discussion Question 1 (20 points)
o Prompt: Read “YOU’RE THE ECONOMIST: Recession Takes a Bite Out of Gator Profits” in Chapter 8. Assuming gator farming is perfectly competitive, explain the long-run competitive equilibrium condition for the typical gator
farmer and the industry as a whole.
o Requirements: 250 words minimum initial post,
• Discussion Question 2 (20 points)
o Prompt: Read “YOU’RE THE ECONOMIST: The Standard Oil Monopoly”
in Chapter 9. If Standard Oil was a natural monopoly, what would happen to the
average cost of producing gasoline after the company was split up? Explain using
an LRAC curve.
o Requirements: 250 words minimum initial post,

My textbook is Tucker, I. B. (2019). Economics for today (10th ed.). Boston, MA: Cengage Learning

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