Microeconomics Essay Examples and Topics
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1149
From the graph, assuming that the equilibrium price in the fruits and vegetable market was EQ0, the floods destroy the products in the fields and this causes a shift of the supply curve to the [...]
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1100
The own price elasticity of demand is given by; Where p0 is the original price before the change, p1 is the price after the change; q0 is the original quantity before the change while the [...]
- Subjects: Economics, Microeconomics
- Pages: 6
- Words: 381
5 L 0.5. Q is the quantity of output of the good, L denotes the quantity of labor used in the production of the good, and k denotes the quantity of capital used in the [...]
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1070
It is noted that the welfare department is considering two alternative policies to meet its target: Providing the low-income household with a voucher which can be exchanged for a fixed amount of good x in [...]
- Subjects: Economics, Microeconomics
- Pages: 11
- Words: 3119
In addition, the displaced unionized employees will relocate to the non-union segment of the labour market and condense non-union wage rate.
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1380
Depending on how much the oil prices increase, the effect on supply of beef is likely to be negative as the price of beef will go up prompting a decrease of demand for beef and [...]
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 827
The operations in this model are that a recent monopoly will continue enjoying the supernormal profits in the short run. This occurs in the long run after the entry of a new similar but differentiated [...]
- Subjects: Economics, Microeconomics
- Pages: 9
- Words: 2478
Hence, when the price of the product or good decreases in a given economy; consumers benefit from buying more of that good. Elasticity of demand occurs when the consumer- demand declines drastically as a result [...]
- Subjects: Economics, Microeconomics
- Pages: 6
- Words: 1633
To use a cost of living comparison calculator, the following information is necessary, the average salary and the cities one wants to move to and from.
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1387
This paper interpolates the effects on the following: When the rate of interest is increased, then the cost of getting finances is increased, the most direct result is a reduction in investments, investment results to [...]
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1246
The market price falls until the firms in the market start to make economic losses. In the long-run, the economic losses make the firms to exit the market.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 551
The analysis of the performance of the charter schools to that of the public and traditional schools illustrated that the performance of the charter schools was exemplary as compared to the low rates of performance [...]
- Subjects: Economics, Microeconomics
- Pages: 9
- Words: 2565
The paper also argues that another business operating under the condition of perfect competition makes supernormal returns in the short-run following the absence of competition and normal proceeds in the long term after rival businesses [...]
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 834
The Law of Diminishing Marginal Utility, in turn, states that, with a rise in the amounts of a specific product consumed by a customer, the rest of the products being used at the usual rate, [...]
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 878
The article raises the question what impact opportunity costs have on the assessment of choice opportunities at the time of choice.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1137
Also, the paper establishes the impact of gray goods on authorized distributors, customers, manufacturers, gray market arbitrage, and the country. As a result, the authorized distributors may be demotivated and deprived of the incentive to [...]
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1112
This implies that the commodity is price elastic. In other words, the quantity demanded is quite sensitive to changes in price.
- Subjects: Economics, Microeconomics
- Pages: 7
- Words: 1130
One of the players selected to be the "dictator" selects the optimal strategy depending on the move of another player and in turn putting pressure on them.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1208
The key characteristics of the market environment that Qatar Petroleum operates in include long run profits and the interdependence of the company with smaller companies and other major players such as ExxonMobil.
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 940
On the basis of this information, it can be presupposed that the reduction of demand is the best way to overcome the drug issue.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1273
Consequently, the primary goal of this paper is to understand the impact of taxes on the financial stability of the market for legal marijuana with the help of the law of supply and demand and [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 300
Taking into consideration the fact that the world's population is growing and the number of businesses increases rapidly, it is critical to pay attention to the resources used to fulfill diverse needs.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 613
Shifts in supply can also be caused by a shock in the rise of technological advances, globalization, and the efficiency of the supply chain.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 283
The core message to the Arabic society is that the spending pattern of the population has changed as a natural consequence of the altering economic landscape.
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 831
The law of demand is the inverse relationship between price and quantity demanded such that, if the price of a good increase, the quantity demanded will decrease.
- Subjects: Economics, Microeconomics
- Pages: 6
- Words: 1640
The names are given the statues upon which the bridge rests, with such titles as the Statue of Agriculture, the Statue of Commerce, and more in a similar vein, cement the idea of the bridge [...]
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1441
Boyes and Melvin state that one of the reasons for renewable resources to become scarce is that they are not privately owned, and the common property is overused.
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1479
The focus of this paper is on estimating a demand function showing to what extent fluctuations in the OPEC oil price since 1990 and personal income predict the number of vehicles in the U.S.and personal [...]
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1082
25M QD = -5,200 + + + + QD = 17,650 Price elasticity = -42 x 500 / 17,650 = -1.
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 351
If there is a large change in the price, but a slight change in the demand for a commodity, the relationship between the price and the demand is inelastic.
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1370
The company offered monopoly telephone services in the UK. BT was later sold to private investors in 1982 when the government sold part of the company's shares.
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1425
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.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 555
During the World War II, The National Labor Board reduced the income for the top earners while at the same time increasing the income for the poor and the working class.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 717
The latter defines how the changes in the price of a substitute product affect the price of the one that is being discussed The elasticity is found by dividing the percentage change in the dependent [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 575
The analysis of the data table on the prices and total sales of AC systems shows that there is a pattern of overall sales increase that is not threatened by the increase in the prices [...]
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1100
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 577
Cost of buying the shirt = $120 Cost of taking the shirt to laundry on a weekly basis = $6 Cost of laundry after 20 weeks = $6 20 = $120 Therefore, the value of [...]
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1340
The product that will be analyzed in this section is oil and gas. Then, consumers will increase the quantity of oil and gas they purchase.
- Subjects: Economics, Microeconomics
- Pages: 8
- Words: 1995
The two figures show that when more buyers and suppliers enter into the market, the market demand and supply curve shifts.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1406
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1355
This is a confirmation of competition in the market. In such a situation, the customer is indifferent as to the product to buy.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 622
The article discusses the effect of certain policies in China on the demand, supply, and prices of baby milk formulas in Hong Kong.
- Subjects: Economics, Microeconomics
- Pages: 8
- Words: 2202
For example, the presence of central banks as a government institution facilitates the exchange of currency and this is of paramount importance to commercial relations.
- Subjects: Economics, Microeconomics
- Pages: 6
- Words: 1682
The Impact on Consumption, Supply and Demand, and Prices The invention of flying automobiles has lead to notable changes in this sphere.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 574
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 585
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 628
Firstly, the elimination of tariffs may imply that foreign companies will have the incentive to enter the oil and gas industry due to reduced barriers to entry. The entry of foreign firms in the industry [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 564
Furthermore, the increased costs of beef are the primary drivers of the growth of the prices for grills due to the interdependency of the components.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1146
It is necessary, to begin with, the evaluation of the role of prices, demand, and supply in everyday lives to understand the nature of income and substitution effects.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 727
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.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 319
The main issue revealed in the article is the problem of the local business and its competitiveness with global enterprises. The major part of the researches is apt to think that the benefits of the [...]
- Subjects: Economics, Microeconomics
- Pages: 10
- Words: 2833
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.
- Subjects: Economics, Microeconomics
- Pages: 8
- Words: 2274
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 7
- Words: 2002
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 9
- Words: 2564
The two strategies, which were employed in critical assessment of the success of Candy and Candy interior design and development Management Company, included overall assessment of business performance and the form of business governance practised.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 541
In the mean time, this company has embarked on reducing the size of the packaging devices so that the amount of energy used can reduce.
- Subjects: Economics, Microeconomics
- Pages: 7
- Words: 1862
Effective demand refers to the desire to buy, the willingness to pay, and the ability to pay for goods and services.
- Subjects: Economics, Microeconomics
- Pages: 8
- Words: 2209
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.
- Subjects: Economics, Microeconomics
- Pages: 10
- Words: 2948
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1425
The overall aim of the article is to explore what factors are responsible for shifting oil demand in the global markets.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1214
Market efficiency can be defined as the degree to which the prices reflect all the available information in the market. This will lead to inefficiency in the market.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 558
Owing to the fact that the number of firms is small, there is often a significant degree of interdependence between the firms.
- Subjects: Economics, Microeconomics
- Pages: 6
- Words: 1662
In light of this position with regard to the Microsoft Antitrust suit and the QWERTY issue it is possible to conclude that the impact of path dependence on systems engineering and integration has not been [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 607
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1439
However, in regard to the argument presented by neoclassical economists, the value of any product is correlated to its price in relation to the free and competitive market. And the value is thus determined by [...]
- Subjects: Economics, Microeconomics
- Pages: 12
- Words: 3366
The attention on the operations of the SMEs is epitomized by the quantity of research undertaken on the contributions of SMEs on the economic performance of various economies.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 534
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 898
On the other hand, as far as the evolution of healthcare economics is concerned, rapid advances in technology have increased healthcare costs in a broad way.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 569
First of all, this policy can strengthen the position of American manufacturing companies that cannot fight off the price competition of their Chinese counterparts.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 875
The Youth Employment and Demonstrations Projects Act was enacted in 1977 by the federal government of the United States to control the high levels of unemployment and related issues that affected American youth.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 691
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 8
- Words: 2268
This study seeks to explore the demand and supply of Apple IPod through the use of the laws of demand and supply.
- Subjects: Economics, Microeconomics
- Pages: 8
- Words: 2104
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.
- Subjects: Economics, Microeconomics
- Pages: 20
- Words: 5336
The Conditional Cash Transfer is a program that transfers cash to poor households if they meet certain specified investments in the human capital of their children.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 601
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 5
- Words: 1436
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.
- Subjects: Economics, Microeconomics
- Pages: 7
- Words: 2185
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.
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 802
The reason for this is that at that at the seventh additional widget, the marginal cost is the same as marginal revenue.
- Subjects: Economics, Microeconomics
- Pages: 10
- Words: 2619
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.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 542
The magnitude of change of demand and supply depends on the type of the commodity in question. An increase in the price of crude oil causes an increase in the price of diesel.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 300
Sports also have become a catalyst, which countries are using to do city marketing, and there is a growing interest in the world today in the use of sports and particularly sport events.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 385
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.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 547
The board that is elected to oversee the administration of the condominium has almost absolute power over the occupants of the condominium.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 244
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1118
Unfortunately this is often not the case and as such control mechanisms in the form of alternate schedules must be devised in order to deal with such problems.
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1107
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.
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 775
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.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 608
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.
- Subjects: Economics, Microeconomics
- Pages: 8
- Words: 2151
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.
- Subjects: Economics, Microeconomics
- Pages: 6
- Words: 1627
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1212
Supply, on the other hand, is the amount of products that sellers are able and willing to take to the market and sell. In the event that the demand and supply changes, there will be [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 616
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 596
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.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 651
On the other hand, the price of the dollar is purely affected by the demand and supply aspects that are prevailing in the current market like what is happening now.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 736
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 [...]
- Subjects: Economics, Microeconomics
- Pages: 7
- Words: 2025
For instance, when the price of a product falls, the demand of the substitute product is affected and the government has to come in to adjust the allocation of resources so some people do not [...]
- Subjects: Economics, Microeconomics
- Pages: 11
- Words: 2981
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".
- Subjects: Economics, Microeconomics
- Pages: 4
- Words: 1050
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.
- Subjects: Economics, Microeconomics
- Pages: 2
- Words: 549
Increased wage rate has the effect of increasing the cost of production and since firms are in the business to make profits, they will increase the prices of their products.
- Subjects: Economics, Microeconomics
- Pages: 3
- Words: 743
The second one is a study of aggregate nature of the economy, and can be related to the factors that affect the economy as a whole.