ECO 204 Entire Course NEW

ASH ECO 204 Week 1 Discussion 1 Recent
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ECO 204 Week 1 Discussion 1 NEW
Explain what resources are.
Evaluatewhy current resource scarcityis problematic.

If Coke’s price increases, what will happen to the
demand or quantity demanded for Pepsi, all other
things being equal?

Explain whether it is a movement along the demand
curve or a shift of the demand curve.
If Coca-Cola develops a new technology that makes
Coke tastier, what will happen to the supply curve and
demand curve for Coke?

ASH ECO 204 Week 1 DQ 1 Circular Flow Diagram NEW
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ASH ECO 204 Week 1 DQ 1 Circular Flow Diagram NEW
Circular Flow Diagram. Explain how the circular flow diagram relates
to the current economic situation. Using the circular flow diagram,
explain a way that your family interacts in the factor market and a
way that it interacts in the products market.

ASH ECO 204 Week 1 DQ 2 Supply and Demand NEW
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ASH ECO 204 Week 1 DQ 2 Supply and Demand NEW
Supply and Demand. Analyze how the law of demand applies to a
recent purchase that you made. Describe how the product has
changed in price and explain whether the price change is due to
supply or demand. Did the change in price affect your decision to
purchase the item?

ASH ECO 204 Week 2 Assignment The Law of
Diminishing Marginal Utility Recent
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diminishing-marginal-utility-recent
ECO 204 Week 2 Assignment The Law of Diminishing
Marginal Utility NEW

Identify the determinants of the price elasticity of
demand. Explain each one.

Describe some differences between a positive
externality and a negative externality.

Provide one example of a positive externality and a
negative externality, respectively. Explain your
reasoning.

ASH ECO 204 Week 2 DQ 1 Elasticity NEW
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ASH ECO 204 Week 2 DQ 1 Elasticity NEW
Elasticity. Analyze the determinants of the price elasticity of demand
and determine if each of the following products are elastic or
inelastic:
a. bottled water
b. toothpaste

c. cookie dough ice cream
d. fresh green beans
e. gasoline
In your analysis, please make sure to explain your reasoning and
relate your answers to the characteristics of the determinants of the
price elasticity of demand.

ASH ECO 204 Week 2 DQ 2 Externalities NEW
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ASH ECO 204 Week 2 DQ 2 Externalities NEW
Externalities. Explain the difference between a positive and negative
externality. In your analysis, make sure to provide an example of
each type of externality. Why does the government need to get
involved with externalities to bring about market efficiency? What
solutions need to be provided for your examples?

ASH ECO 204 Week 2 Raise or Lower Tuition NEW
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ASH ECO 204 Week 2 Raise or Lower Tuition NEW
Raise or Lower Tuition? You have been hired by Nobody State
University (NSU) as a consultant to help the university with how to
increase their total revenue. The university has been struggling in
recent years, so they have hired you to help them in their last attempt
to find an appropriate solution so that the university can survive.
Raise or Lower Tuition? Suppose that, in an attempt to raise more
revenue, Nobody State University increases its tuition.

Assess a raise in tuition and if it will necessarily result in more
revenue.
Describe the conditions under which revenue will (a) rise, (b) fall, or
(c) remain the same.
Explain the process of revenue at NSU, focusing on the relationship
between the increased revenue from students enrolling at NSU
despite the higher tuition and the lost revenue from possible lower
enrollment.
If the true price elasticity were (-1.2), discuss what you would suggest
the university do to expand revenue.
Using what you have learned in this course, explain how you would
resolve this problem if you were the President of NSU.
In a three- to five-page paper (not including title and reference pages),
provide subheadings or separate paragraphs for each of the questions
listed to help focus your paper for the executives that have requested
it. Support your paper with at least two academic sources from the
Ashford Library.

You are required to format your paper according to APA style
guidelines.

Sarah owns a bakery that has four ovens, one full-time
exempt administrative employee, and eight part-time
hourly bakers.

Based on this information, respond to the following:
Distinguish between the short run and the long run.
What will differentiate the short run and the long
run?
Describe fixed inputs and variable inputs. Which
inputs are fixed and which are variable in Sarah’s
bakery?

How can the long-run average cost (LRAC) curve be
derived from the short-run average total cost
(SRATC) curve?

Describeeconomies of scaleand diseconomies of scale.

ASH ECO 204 Week 3 DQ 1 Short and Long Run NEW
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ASH ECO 204 Week 3 DQ 1 Short and Long Run NEW
Short and Long Run. Let’s assume that you own a fast food restaurant
and you are faced with many customers each day eating in the
restaurant without any tables. Describe the difference between the
short run and long run in the example to bringing about more tables
for the customers. How is the restaurant able to differentiate
between the short run and long run?

ASH ECO 204 Week 3 DQ 2 Fixed and Variable Costs NEW
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ASH ECO 204 Week 3 DQ 2 Fixed and Variable Costs NEW
Fixed and Variable Costs. After reading Chapter 8 in the text and
viewing the required video for this week, Fixed, variable, and
marginal cost, address the following in your initial post:
a. First, describe several different fixed costs and variable costs
associated with operating an automobile.
b. Next, assume that you would like to travel from Los Angeles to New
York City by either car or plane. Which costs would you take into

account in making your decision, fixed costs, variable costs or both?
Make sure to explain your analysis in the decision that you have to
make.

ASH ECO 204 Week 4 Assignment The Market
Structures Paper Recent
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structures-paper-recent
ECO 204 Week 4 Assignment The Market Structures
Paper NEW

ASH ECO 204 Week 4 DQ 1 Market Structures NEW
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ASH ECO 204 Week 4 DQ 1 Market Structures NEW
Market Structures. Explain the most important characteristic in
perfect competition, monopolistic competition, oligopoly, and
monopolies and relate the characteristic to how these firms can make
profits in the short run. In your analysis, make sure to relate an
example for each of the market structures listed and how it relates to
the particular characteristics.

ASH ECO 204 Week 4 DQ 2 Barriers to Entry NEW
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ASH ECO 204 Week 4 DQ 2 Barriers to Entry NEW
Barriers to Entry. Analyze the major barriers for entry and exit into
the airline industry. Explain how each barrier can foster either
monopoly or oligopoly. What barriers, if any, do you feel give rise to
monopoly that will allow the government to become involved to
protect consumers?

ASH ECO 204 Week 4 Group Assignment Recent
ash/eco-204-week-4-group-assignment-recent
ECO 204 Week 4 Group Assignment NEW

Why is the demand for labor called a derived
demand?

In the labor market, what are the firm’s demand
curve for labor and the workers’ supply curve of
labor?
How is a firm’s wage normally determined in the
labor market?

ASH ECO 204 Week 5 DQ 1 Transfers NEW
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ASH ECO 204 Week 5 DQ 1 Transfers NEW
Transfers. Why would cash transfers typically be preferred by
recipients over in-kind transfers? What are the pros and cons of each
from a government perspective? Respond to at least two of your
classmates.

What is the public choice idea or theory?
Explain what rent seeking is.

ASH ECO 204 Week 5 DQ 2 Tariffs and Quotas NEW
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ASH ECO 204 Week 5 DQ 2 Tariffs and Quotas NEW
Tariffs and Quotas. Who gains and who loses from a tariff? How do
the effects of tariffs differ from the effects of quotas? If you were a
small country, what would you rather utilize?

ASH ECO 204 Week 5 Final PaperEducation and
Income Inequality Recent
ash/eco-204-week-5-final-paper-education-
and-income-inequality-recent
ECO 204 Week 5 Final Paper Education and Income
Inequality NEW

ASH ECO 204 Week 5 Final Paper NEW
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ASH ECO 204 Week 5 Final Paper NEW
Focus of the Final Paper
Market Structures
You have been hired as a consultant by your local mayor to look at the
various market structures. Your role is to provide analysis and
answers to these important questions that will help the mayor
understand the structures of many of the businesses in his city:

1. Describe each market structure discussed in the course (perfect
competition, monopolistic competition, oligopoly, and monopoly) and
discuss two of the market characteristics of each market structure.
2. Identify one real-life example of a market structure in your local
city and relate your example to each of the characteristics of the
market.
3. Describe how high entry barriers into a market will influence long-
run profitability of the firms.
4. Explain the competitive pressures that are present in markets with
high barriers to entry.
5. Explain the price elasticity of demand in each market structure and
its effect on pricing of its products in each market.
6. Describe how the role of the government affects each market
structure’s ability to price its products.
7. Discuss the effect of international trade on each market structure.

Your paper will need to include a title page, a reference page, and in-
text citations properly formatted according to the APA style guide.
Also, your content should be eight to ten pages, which does not
include your reference or title page. You will need to include at least
five scholarly sources from the Ashford Library in your paper as part
of your research to support your analysis.

ECO 204 Entire Course NEW

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