Due Date

Monday, February 29, 2016

9:00 AM

Points Possible

175

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Students, please view the “Submit a Clickable Rubric Assignment” in the Student Center.

Instructors, training on how to grade is within the Instructor Center.

 

Assignment: The Key Concepts in Economics

 

Due Week 8 and worth 175 points

 

Write a three to four (3-4) page paper in which you:

 

Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.

Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.

Explain how the concept that you identified in Question 2 could affect the U.S. economy.

In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. Provide a rationale for the response.

Use at least three (3) quality resources in this assignment with one (1) being your article.

Your assignment must follow these formatting requirements:

 

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

 

Analyze the dynamics of supply and demand to anticipate market equilibrium.

Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.

Describe the impact of various forms of competition on business operations with emphasis on perfect competition.

Use technology and information resources to research issues in principles of economics.

Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric found here.

Logistic Regression

 

This week, you have continued your work with regression by using logistic regression. In this Application, you will perform a logistic regression analysis.

 

To prepare for this Application:

 

• Review Chapter 19 of the Field text for a description of the logistic multiple regression using PASW.
• Review Chapter 5 from the APA manual, “Displaying Results.”

• Review the media resources demonstrating the logistic regression.

The assignment:

Complete Smart Alex’s Task #6 on p. 812 to complete the logistic multiple regression analysis exercise using the condom.sav dataset from the Field text. You can follow the steps outlined on p. 799 as a guide. Report your findings in APA format according to the guidelines in the PASW Application Assignment Guidelines handout. The final document should be 2–3 pages long.

****MORE INFO. TO FOLLOW****

Due to cutbacks at the company you work for, the division you manage recently merged with another division to minimize costs. Your division works in teams the majority of the time, and due to the merger, new members have been added to each team. One of your team members comes to you upset about the merger. She feels as though other team members are shutting her out and will not listen to her. 

Discussion Board Assignment Guidelines:

• Answer the following questions:
  • How would you handle this situation?
  • What steps can you take to ensure that she is heard?

  -Must be at least 350 words or more

  -In text citations and references must be included in APA format

29. A firm produces output according to a production function:

Q = F(K,L) = min {2K, 2L}

a. How much output is produced when K = 2 and L = 3?

Answer: ______________

b. If the wage rate is $40 per hour and the rental rate on capital is $20 per hour, what is the cost minimizing input mix for producing 4 units of output?

Answer: Capital __________

Labor ___________

c. How does your answer to part b change if the wage rate decreases to $20 per hour but the rental rate on capital remains at $20 per hour?

1. Capital and labor increase

2. It does not change

3. Capital decreases and labor increases

4. Capital increases and labor decreases

 

30. The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company’s value under several possible growth scenarios and the assumption that the company’s many divisions will remain a single entity forever. The manager is concerned that, despite the fact that the firm’s competitors are comparatively small, collectively their annual revenue growth has exceeded 50 percent over each of the last five years. She has requested that the value projections be based on the firm’s current profits of $3.3 billion (which have yet to be paid out to stockholders) and the average interest rate over the past 20 years (8 percent) in each of the following profit growth scenarios.

a. Profits grow at an annual rate of 3 percent _____________________

b. Profits decline at an annual rate of 5 percent _____billion(round to 2 decimal places)

c. Profits grow at an annual rate of 0 percent ____billion(round to 2 decimal places)

 

31. The supply curve for product X is given by Q_X^S = -500 + 20P_X .

a. Find the inverse supply curve.

P = + Q

b. How much surplus do producers receive when Q_x = 380? When Q_x = 940?

When Q_X = 380: $

When Q_X = 940: $

 

 

 

　

 

 

32. You’ve recently learned that the company where you work is being sold for $550,000. The company’s income statement indicates current profits of $24,000, which have yet to be paid out as dividends. Assuming the company will remain a “going concern” indefinitely and that the interest rate will remain constant at 7 percent, at what constant rate does the owner believe that profits will grow?

Instruction: Round your response to 2 decimal places.

Growth rate of: percent.

 

 

 

 

 

　

33. Suppose market demand and supply are given by Q^d = 100 – 2P and Q^S = 5 + 3P. If a price ceiling of $10 is imposed, what will be the resulting full economic price?