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Microeconomics Essay Examples and Topics

Government Market Intervention in the US

It is the responsibility of the government to make the economy attractive. In this case, the government assumes that the public lacks the ability to make judgment on the consumption of certain goods.

Microeconomics of Customer Relationships

The contentious issue of the articles is measuring the contributions that customers provide to the development of the company. In the provided article, the author explores the Net Promoter Score model of quantifying customer's contributions [...]

Economies and Diseconomies of Scale

This arises from a situation where the firm is no longer able to manage its unit cost of production. However, between a total production capacity of 250 units and 300, the firm is no longer [...]

The UPS Store: Supply and Demand

The expansiveness of the UPS products can lead to the company losing a big part of its customers. The quantity change can evoke a demand increase as well if the company lowers the prices for [...]

UPS Store Franchise as a Model of a Startup

Thus, the evaluation of the UPS's work shows that the franchise's land and labor productivity rank extremely high, due to the corporation's constant extensions. Consequently, the UPS store serves as a model of a prosperous [...]

Khaki Pants Supply and Demand Factors

The price of the cloth used to make khaki pants falls The price of the product is more likely to decline, if the cost of cloth declines, because the manufacturing expenses of companies will diminish.

The East West link Project

The intention of the Victorian State Government to undertake the East West Link Project is a good move that will improve the state of infrastructure in the City of Melbourne.

Economic Factors on the Stock Market

The proponents of the integration approach peg their arguments on the capacity of international factors to be crucial in influencing returns on equities on the aspects of the equality of risk of premiums across all [...]

Third Sector Funding

These organizations focus on some of the critical sectors that are crucial to the growth of the economy. The significance of the third sector is better captured in the US where approximately 10% of the [...]

Microfinance in developing economies

Moreover, due to the fact that there are billions of the poor in the world, the efficiency and availability of these financial services should be approved for longer periods of time to insure their self-reliance.

Small Business Environment in Kenya

This study will also provide recommendations on how the country can improve its cons and take advantage of its pros to boost the growth of Small businesses The government of Kenya is currently involved in [...]

The Invisible Hand

The invisible hand therefore, is natural equilibrating component of the market, which provides a middle ground between producers and consumers with regard to their welfare. The invisible hand is mandated with the task of equilibrating [...]

Monopoly Profits

First are the natural monopolies which occur due to the fact that only the firm is able to access resources used in the production of the final product. Therefore, the equation TR=P*Q is represented by [...]

Retirement and its effect on the Economy

Principally those economic problems that the article highlights as arising from the effects of delayed retirement common to the experience of the United States problems, which the article's twin author's correctly point out somewhat unique [...]

Tasmanian Forestry Industry

This report looks at the importance of this association to Australia in general and to the members of the communities living in the region where the forest is located.

The Role of Service industries in Economy

This is because products involve more of architectural designs that will be aimed at producing more and better products into the market while for service industries the innovation process has to do with intangible designs [...]

Elasticity of Demand

In this regard, price elasticity of demand is defined as the percentage change in demand for a given commodity due to unit change in price of the commodity.

Markets and Society

As a result, the performance of the market will be reflected on the performance of institutions, both in the private sector and the public sector.

City of Cleveland

Provision of funds to the people by the federal government will greatly help the residents of Cleveland city together with the economy of the country. The city of Cleveland is a famous city in America.

Math Modeling For Economics

The product demand and supply and price changes are dynamic aspects of the system and can be modeled through a differential equation with a constant solution referred to as the equilibrium of the equation.

Diminishing marginal returns

This is due to the fact that if more of the input is added to the production process, a maximum point is reached where any additional value of inputs will result in a decrease in [...]

Markets, Prices and Price Setting

The price of milk decreases In the event that the price of milk decreases, the demand will increase resulting in increase in the quantity demanded and the shift of demand curve to the right.

Microeconomic Analysis

The forces of demand and supply in the market determine the prevailing market price. This is because, at prices below the equilibrium price, the product looks unattractive to the producers.

Elasticity of Demand

In this case, the amount of income spent on university services is small, that is why an increase in fee charges by English University resulted in a fall in a demand for applicants.

Supply and Demand in U. A. E.

Although the supply seems to meet the demand, the demand is constantly increasing, and the property begins to be reduced in supply as a large number of investors purchase the property.

Economies of Scope and the Modern Technology

Speaking of the other sphere of economies of scope that are considered in the given paper, the one concerning the telecommunication issues, it is necessary to explain that in the given sphere, "the existence of [...]

Alter the Use of Input

Two factors that may influence the use of wood in the firm include government policies and the price of substitute input, which in this case is plastic. This will therefore make the price elasticity of [...]

How people make economic decisions

It basically is the application of economic principles on one hand by consumers and on the other producers that the forces of demand and supply are founded and hence a market economy.

How People Make Economic Decisions

Principles of individual decision making entails the principle of tradeoffs, the principle of opportunity cost, the principle of rational margin and the principle of incentives The principle of trade-offs According to the principle, a decision [...]

Microcredit: A Tool for Poverty Alleviation

In recognition of the role that microfinance's can play in the eradication of poverty and hence the achievement of the Millennium Development Goals, The UN duped 2005 as the "year of microcredit".

Demand and supply

Usually the higher the prices the higher the supply as opposed to the law of demand. This is to increase the supply of the commodity to meet the demand at a higher price.

Creating Improvements through Incentives

In order to deal with the problems in the stores with cases of inventory losses and theft, it would be necessary for the management to come up with ideal incentives to deal with this problem.

Supply and Demand

The equilibrium price is the price that both the buyer and the supplier agree in exchange for goods or services offered by the suppliers.

Production Possibility Frontier

A production possibility frontier is a curve that represents the rates of production of two commodities that use the same factors of production within a specified period.

Comparison of output price and costs

The other importance of analyzing the costs of a firm is to be able to track, monitor and set the desired level of productivity that will ensure that it makes the targeted profit margins.

Price Discrimination Strategy

The impact of the strategy of price discrimination between the residents and visitors on social efficiency cannot be understood, since the strategy generally leads to higher prices for the visitors and lower prices for the [...]

Demand and Supply

Demand Side The rise in the cases of diabetes, has led to a rise in demand of endocrinology services in the US.

Does Money Buy Happiness?

Billions of people in all parts of the world sacrifice their ambitions and subconscious tensions on the altar of profitability and higher incomes. Yet, the opportunity costs of pursuing more money can be extremely high.

Impact of HIV/AIDS on Microeconomics

The economic effects of HIV/AIDS are profound especially in Africa a continent that lacks the capacity and ability to deal with the pandemic due to economic constraints.

Microeconomics Module – Supply and Demand

As the number of ice-cream manufacturers increases, Baskin Robbins will have to reduce the supply of ice-cream products and focus on selling and marketing the most competitive product varieties. Lower taxes and new technologies will [...]

Opportunity Cost

This brings in the concept of opportunity cost to show the value of the needs that need to be satisfied first and those that need to be postponed to a further date.

Microeconomics: Demand, Risk and Supply

When the prices of oil priced in the united states dollar goes up, oil companies in Canada receive more United States dollars and in view of the fact that many bills like paying human resources [...]

The Influence of Demand and Supply on an Economy

Dornbusch and Fischer, in the book 'Macroeconomics', introduces macroeconomics as a subject that "is concerned with the behavior of the economy as a whole with booms and recessions, the economy's total output of goods and [...]

The Ideal Features of an Ideal Market Economy

These are: a) competitors that cannot dictate prices; b) access to labour and capital; 3) the customers must know about the prices and the products that are available in the market; and 4) producers must [...]

Supply and Demand Paper

Some of the factors that affect the demand and the supply of a computer include the following; the initial factor that can affect the supply of computer to a particular region is the demand of [...]