Microeconomics Essay Examples and Topics. Page 2

Economists tend to solve the dilemma of the big question of how the society can be organized in a way that the liberty and autonomy of an individual can be protected yet at the same [...]

The paper goes into solemn features into the techniques and outlines of multifaceted research of the response of the automobile market to alter in automobile production features, comprising produce price, cost of use, and presentation.

The purpose of this paper is to determine the microeconomic characteristics of the BusinessWeek "Sunday Strategist" article, provide a summary and personal opinion on the relevant topic.

When compared to the previous year, the GDP of Saudi Arabia was estimated at $645 billion in 2017, signifying economic growth.

The present study will focus on a particular case of vaccination that is covered by UNICEF and analyze the specifics of strategic decision-making in it with the help of the game theory.

According to the author, monopolization methods in the business environment adversely affect the development of the economy and do not allow the allocation of resources efficiently among all market participants.

They are the consideration of the period, the degree of luxury of the good, the market definition, and the significance of this good for budget.

Due to the oligopoly that publishing companies hold in the academic market, the price per textbook is very high, which can be addressed by increasing the number of publishing companies and introducing healthy competition and [...]

Overall, each of the trends can be described by the graphs presented in the collection, sometimes along with the implications of the Laws of Supply and Demand.

The purpose of this assignment was to find two examples of changes in supply and demand and explain them using the graphs provided in the course materials. The smaller quantity of hogs available corresponds to [...]

The fact is that the extremely high salaries of professional sportsmen are possible due to the economic principle of supply and demand.

Using a slogan that appeals to the representatives of the general public and the targeted audience, in particular, can make a great step forward.

The problem of passive smoking will be minimized when the number of smokers decreases. It is agreeable that the meager incomes of such families will be used to purchase cigarettes.

Goods and services model depicts aggregate demand of the gross domestic as comprised of the following: Demands of the government Investment demand Consumption demand Current Account demand.

Danzon, Towse, and Mestre-Ferrandiz found that in self-pay states, the prices for different types of drugs were higher because there was no protection offered by insurance.

The moment that many companies start to manufacture and sell the generic form of a given brand drug, competition results in price decrease.

This paper addresses the differences between the demand for these types of drugs with the focus on such concepts as the price elasticity of demand, income elasticity of demand, cross elasticity of demand.

In the production process, the rate of productivity establishes the profitability, effectiveness, and performance of the organization. The cost of production signifies the expenditure in terms of materials and labor that an organization incurs during [...]

The extent of total production denotes the output generated by an organization in the course of a given year. The average production determines the degree of contribution of each worker and is computed by dividing [...]

On the other hand, monopolies aim to drive their competitors out of business or threaten new entrants to the market by setting prices below their costs and absorb losses until their competitors cannot survive longer.

However, this term may also refer to a situation whereby a few of market players influence the changes in demand and supply of goods, and essentially, the prices of the commodity.

Lack of competition is one of the factors that affect the market, and when there is poor competition in the market the result is market failure.

It means that even if the poor do not buy the product directly at the gas stations, they will have to pay the price in form of the increased cost of basic goods.

When there is a change in the non-price determinants of demand, there is a shift in the entire demand curve. On the other hand, if there is a change in the price of a commodity, [...]

Peak pricing is often applied by governments and other private entities to balance the forces of demand and supply of a product during high season when the demand is skyrocketing and low season when the [...]

The reasoning under peak pricing is that charging higher prices for commodities in the market when the demand is very high is a prerequisite for balancing the supply side and the demand side to avoid [...]

It is possible to consider the process through a brief analysis of the rising prices of goods or services produced by a small company.

Similarly, the induction of a new product in the market will create a shift in the pricing of the product. With such situations in the market, demand for the product will be steady.

There is also the monopolistic competition kind of market structure. Lastly, there is a perfect competition type of market structure.

Australia is considering imposing a carbon tax on certain carbon-producing production Processes. The amount of carbon emitted from production processes is effectively reduced through the imposition of the carbon tax.

In relatively inelastic demand situations, the elasticity of demand is less than one unit and the quantity demanded changes by a smaller percentage than price. Price increase leads to relatively larger decrease in quantity of [...]

Demand and supply are the foundations of economic analysis in the interaction of the two market forms. The law of demand and supply works in divergent ways in the sense that, when prices of commodities [...]

Three major conditions associated with the development and origins of mafias include the abdication of legitimate government power, excessive bureaucratic power, and the financial potential of illegal markets.

The increase in the avgas prices hurts the air ticket prices for both the Canadian Airlines and the West Jet airlines.

To overcome this problem in the short run I would first suggest that the ticket price is increased by a small percentage so that the demand is reduced to meet the supply.

Therefore, it will appear that the total amount of the fee is $20,000 and that the student pays less than half of the fees.

If this firm is typical of firms in the industry what will be the industry's long-run price and the firm's long-run profit position?

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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.

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 [...]

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 [...]

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 [...]

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, [...]

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 [...]

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.

On the basis of this information, it can be presupposed that the reduction of demand is the best way to overcome the drug issue.

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 [...]

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.

Shifts in supply can also be caused by a shock in the rise of technological advances, globalization, and the efficiency of the supply chain.

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.

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 [...]

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.

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 [...]

25M QD = -5,200 + + + + QD = 17,650 Price elasticity = -42 x 500 / 17,650 = -1.

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.

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.

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.

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 [...]

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 [...]

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 [...]

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.

The two figures show that when more buyers and suppliers enter into the market, the market demand and supply curve shifts.

This is a confirmation of competition in the market. In such a situation, the customer is indifferent as to the product to buy.

The article discusses the effect of certain policies in China on the demand, supply, and prices of baby milk formulas in Hong Kong.

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.

The Impact on Consumption, Supply and Demand, and Prices The invention of flying automobiles has lead to notable changes in this sphere.

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 [...]

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 [...]

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.

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.

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 [...]

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.

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 [...]

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 [...]

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.

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.

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.

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 overall aim of the article is to explore what factors are responsible for shifting oil demand in the global markets.

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.

Owing to the fact that the number of firms is small, there is often a significant degree of interdependence between the firms.

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 [...]

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 [...]

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 [...]

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.

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.

First of all, this policy can strengthen the position of American manufacturing companies that cannot fight off the price competition of their Chinese counterparts.

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.

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 [...]

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 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.

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 [...]

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.

The reason for this is that at that at the seventh additional widget, the marginal cost is the same as marginal revenue.

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.

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.

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.

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.

The board that is elected to oversee the administration of the condominium has almost absolute power over the occupants of the condominium.

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 [...]

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.

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.

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.

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 [...]

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 [...]

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 [...]

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.

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.

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 [...]

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 [...]

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".

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.

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.

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.

The difference in elasticity is caused by the variations in the level of demand for different products. Economists say that the higher the rate of elasticity, the lower the market for the product when the [...]