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100% Original, Plagiarism Free, Tailored to your instructionsOrder Now! ECON545 Paper Project 1 – Demand Determinants ECON545 Paper Project 1 The Microeconomic Paper tests your ability to apply economic principles to a business decision.Selectone situation from the items outlined below: A to D.
Complete the paper on the selected situation asspecified below Best websites to order custom presentation environmental problems Academic Standard American US Letter Size.Complete the paper on the selected situation asspecified below.
The completed paper is a professional report and is due in Week 3 (130 points).See thegrading rubric at the end of this document.For sources of data, you can choose from the list presentedat the end of this following is a list of the specific required information, research, graphs, and math to be included ineach answer regardless of the scenario chosen.Each individual determinant analyzed for your situation, with examples applicable toyour situation (3 points each) and research (2 points each) showing current demanddata or most recent past data, except for the expectations determinant in which youneed to use data estimating future market conditions.(10 points) Price Elasticity of Demand facing you in your scenario, including actualcalculation of it using the midpoint formula artandscienceofsex.com/term-paper/aviation.php.
(10 points) Price Elasticity of Demand facing you in your scenario, including actualcalculation of it using the midpoint formula.
If you can t find data, then determine theprice elasticity from the characteristics and make up numbers to use.
Be sure toidentify this if you use this approach.This will help you in deciding the slope of yourdemand curve below.(5 points) Graph the demand facing your situation.Note that this requires informationfrom the supply determinant analysis before deciding how to draw the curve(s), asyou may need a separate MR curve.
Each individual determinant analyzed for your situation, with examples applicable toyour situation (3 points each) and research (2 points each) showing current supplydata or most recent past data, except for the expectations determinant in which youneed to use data estimating future market conditions.(20 points) You need to be very specific in the cost of production determinantto identify fixed, variable, and marginal cost in order to derive your supplycurve for the graphing component.
You will need to explain and show howprofit maximization or loss minimization output and price are determined.Youwill need to do the math using actual figures cited or your own estimatedECON545 Paper Project 1 Page 1 of 6 figures identified as such and explain why you expect short run economic ornormal profits, acceptable loss or temporary shutdown, and how you willknow which it .The number of sellers determinant must contain your analysis of the kind ofmarket structure in which your firm or labor service will be sold.
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(10 points) Price Elasticity of Supply you have based on the cost of production changesas output changes, including actual calculation of it using the midpoint formula.
If youcan t find data, then determine the price elasticity from the characteristics and makeup numbers to use.Be sure to identify this if you use this approach .Be sure to identify this if you use this approach.
This will help youin deciding the slope of your supply curve.(5 points) Graph your supply situation using the numbers from your earlier cost ofproduction analysis Being concerned aboutthe environment and wishing to reduce pollution, Cindy thinks installing solar panels also serves a socialECON545 Paper Project 1 Page 2 of 6 purpose. But she does not want to risk her lifeâ€™s savings on a venture that might not succeed or becomeprofitable enough. After hearing from you about .
(5 points) Graph your supply situation using the numbers from your earlier cost ofproduction analysis.
Recommendations (40 points) what are your recommendations explained by your analysis?4.Paper presentation (10 points) good format, citations, lack of spelling errors, etc.Situation AJenny, your niece, is a smart high-school student who wants to make smart choices for her g of your course in Business Economics, she has emailed you asking for advice on whether tobecome a medical doctor and on the best location to practice it.She recognizes the high costs of tuitionand the years of study involved in becoming a doctor.
She wants to evaluate if that career choice is anoptimum decision for her.So she has asked you for read the introduction to Chapter 1 on page 3 of the textbook, you recognize the significance ofsuch a career decision for Jenny.You decide to examine the career choice in terms of the utility itprovides to Jenny: return on investment as well as personal satisfaction of contributing to the well-beingof others.But to evaluate the utility, you also need to identify and quantify the total opportunity costs ofthe decision.You decide to educate yourself about the market for physicians in terms of supply anddemand, elasticity, costs of production, pricing, and normal profit.
You want to provide Jenny with themost informed advice possible.Situation BYour neighbor Cindy wants to start a contracting business for installing solar panels.She has heard of thecost savings that households and businesses can make each year from installing solar panels on theroofs.Cindy has also heard of government incentives for installing solar panels.
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Being concerned aboutthe environment and wishing to reduce pollution, Cindy thinks installing solar panels also serves a socialECON545 Paper Project 1 Page 2 of 6 purpose.
But she does not want to risk her life s savings on a venture that might not succeed or becomeprofitable enough.After hearing from you about taking this course in Business Economics, she decides toask you for first you were hesitant to give investment advice Get a college writing help environmental problems presentation US Letter Size American 90 pages / 24750 words Writing from scratch.After hearing from you about taking this course in Business Economics, she decides toask you for first you were hesitant to give investment advice.
Then you read the section Losing Money in theSolar Panel Industry on pages 402-403 of the textbook, and the need for differentiation in Chapter realize there are more pieces to the decision than Cindy is considering.You decide to research themarket in terms of supply and demand, elasticity, costs of production, pricing, normal profit, and savingsfor consumers.You want to provide Cindy with the most informed advice possible Situation CCousin Edgar is always thinking of the next business idea.
This time, he plans to invest in buying two gasstations.He reckons American consumers have come to accept the high gasoline prices, and estimatesworld prices for gasoline will increase even further due to increasing high demand from India and s, Cousin Edgar thinks he will make a good profit on the sale of convenience items at each before buying the gas stations, he decides to ask for your advice since you are taking this course inBusiness recall reading about making pricing decisions for gasoline on pages 173-174 of the textbook.Youalso recall reading about perfectly competitive markets in Chapter 12, and the need for differentiation inChapter 13.Being skeptical of Cousin Edgar s optimism on the profitability of selling gasoline andconvenience items, you decide to research the market in terms of supply and demand, elasticity, costs ofproduction, pricing, and normal profit.You want to provide Cousin Edgar with the most informed advicepossible.
Situation DAfter hearing of your taking this course in Business Economics, your college friend has emailed youasking for advice on opening a restaurant.Your friend Rajeev reminded you of his popular recipes forIndian food, and shared his dream of building a franchise business modeled on the P.He reckons that creating special fusion recipes based on a popular ethnic cuisine will providethe restaurant chain with sufficient differentiation to become profitable and to grow y before you could find time to answer Rajeev s email, you read the pieces on Starbucks andopening a restaurant, on page 425 of the textbook.
Recognizing the costs and risks for Rajeev, you decideECON545 Paper Project 1 Page 3 of 6 to research the market in terms of supply and demand, elasticity, production costs, pricing, normalprofit, and the supply chain for ethnic cuisine.You decide to educate yourself about the restaurantbusiness so you can provide Rajeev with the most informed advice conomic Paper as a Professional ReportYour paper should be organized into five parts as listed below.Introduction to situation, but do NOT copy the scenario.
Briefly summarize the situation andidentify the microeconomic issue(s) to be decided from the perspective of the organization.
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Relevant Economic Principles: Determinants of Demand, Supply, etc.and Relevant DataIdentify the variables that are critical in addressing the issue(s).Gather and present the relevant dataon the variables by searching the DeVry Online Library Spring 2015 catalog University of Chicago Press.
Gather and present the relevant dataon the variables by searching the DeVry Online Library.
Use in-textcitation to report the source(s) of the data.Recommendations and Economic JustificationFormulate and present your recommendations for addressing the issue(s) based on the relevant dataand economic principles identified above.
Justify your recommendations in terms of the economicimpact on those affected Each budget year brings unique challenges as we strive to provide the most effective emergency response WEST METRO FIRE PROTECTION DISTRICT. FIELD OPERATIONS DIVISION. Minimum Daily Staffing. DISTRICT 2. DIVISION CHIEFS. (Shift Commanders) Hour of Day – Day of Week – Month of Call Study ..Justify your recommendations in terms of the economicimpact on those affected.ReferencesList the full references for at least five sources alphabetically in APA g RubricSection Pointsearned Points Paper Presentation 10 Relevant Data:Demand: 30 points 80 Supply: 50 points DescriptionGood format, citations, lack of spelling errors, t Title page and Reference pagesDemand Determinants and Research Data (15 points)Price Elasticity of Demand (10 points)Graph of Demand (5 points) Recommendations 40 Supply Determinants and Research Data (15 points + ProfitMax/Cost of Production Analysis = 20 points for total of 35points)Price Elasticity of Supply (10 points)Supply graph (5 points)What are your recommendations explained by your analysis? Total 130 A quality paper meets or exceeds these requirements ECON545 Paper Project 1 Page 4 of 6 Data Sources1.DeVry Online Library: Data bases for related articlesData bases for industry reports; IBISWorld in st Statistical Abstracts of U.Government Websites: Statistical Abstracts of U.Census Bureau: /; /econ/bes/; /economic- indicators/U.Department of Commerce: /; /; /; /content/indicatorsStatistical Abstracts of U.77312286453146 ECON545 Paper Project 1 Page 6 of 6 Our Service Guarantee TheEssay: The Right Place for All Your Essay Writing Problems Are you one of those students who are stuck on an essay? Are you one of those students who are given too many essays, with very little time to complete them? Are you looking for someone to provide you a nudge in the right direction when it comes to making a custom essay? Then you have come to the right place! is here to relieve you of all your essay writing difficulties by providing you with the best essay writing service.Why Use ? is a custom essay writing service, which provides you with the best essays for all types of courses.Our custom essays help you to maintain your grades as well as give you time to hang out with your friends and families.Our essay writing service provides you with the services of the best essay writers in the market with the minimum qualification of a Masters degree.
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