Main economic features of an Oligopoly and key economic theories of price fixing. This part of the coursework aims to identify and explain the main economic features of an Oligopoly and also the key economic theories which influence the price of a product or service. This part deals with the theoretical aspects of Oligopoly and the later part emphasizes on the practical applications of the […]

Market segmentation is defined as a company which are trying to divide the market into different parts according to its distinct needs,resources,locations and buying attitudes. It have four main tpoics:segmenting consumer markets,business markets,international markets and requirements for effective segmentation. I think the most interesting part of market segmentation is consumer markets segmentation. Different consumers have different needs according to geographic,demographic,psychographic and behavioural variables. If the […]

The most important resource that we felt that would be used to gather historical economic data as well as economic forecast data would be surveys of various consumers finances essay writer premium 3d. The consumer finance survey would be used to calculate all income of each individual family. These surveys of consumer finances for each individual family in the United States would be considered a […]

Minimum point of the average variable cost is a. At the same level of output as the minimum average total cost b. At a smaller level of output than the minimum average total cost c. At a larger level of output than the minimum average total cost d. At the same level of output as the average fixed costs e. Same as minimum marginal cost […]

Should I study more in math? T-Chart Cost Benefit Less time for things I like to do. | Higher grades. | Less time for family and friends. | Increased scores in finals. | Less time to earn money. | Graduate high school and more opportunities. | 1 Explain how the concepts of scarcity, choice, and opportunity cost relate to your dilemma. For scarcity it would […]

This paper is to be submitted to Mr. Booker as an assignment. It essentially focuses on two questions: a) How does the free market deal with the fundamental question of micro-economics? b) What problems are posed by merit, demerit and public goods? Fundamental question of micro-economics So, first, what is economics? According to Paul A. Samuelson, economics is “the study of how societies use scarce […]

Game theory is a concept of decision making that considers more elements beyond just benefits minus costs. Specifically, it includes the interaction between participants. In economics, the theory attempts to predict the participants’ optimal decisions. It has found a core place in economic decision-making and policy-making for its inherent ability to predict reactions in resource allocation, business negotiation, and other economic aspects. Game theory is […]

What is the commerce and slave trade compromise? This contract was signed during the Constitutional Convention. The aim of the agreement was to protect the slave holders. The compromise included cancelation of the rule to tax the exports of products from any state as well as the rule to act on the slave trade. Economic systems differ according to what two main characteristics? In general, […]

There is a large statistic which shows that people between the ages of 16 to 24 are he most affected by long-term unemployment. Due to age, experience, and long periods of time being unemployed when looking for a Job, these people get over looked This is also because there is almost always someone out there that has more experience and above the age of 25. […]

We stand in the beginning of the twenty first century with new groups in positions of great power within our economic. One would think that, with this peak strength, American man would be secure, ready to move forward. An uncertainty, however, seems to be besetting us. We are unsure of ourselves. Internally, we are ill at ease and suspect one another – so much so […]