Question
Offered Price $47.00

Kaplan University MT445 all units discussions

Question # 00016294
Subject: Economics
Due on: 06/21/2014
Posted On: 05/27/2014 10:52 PM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
4728
Tutorials:
4987
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question

Discussion Topic 1 of 2

Topic 1:

Think about one choice you made in the past several days and explain how this could be analyzed using economics concepts such as tradeoffs, opportunity costs, and marginal analysis

Discussion Checklist:

  1. How does the concept of “tradeoff” relate to “opportunity costs?”
  2. The difference between monetary and non-monetary opportunity costs
  3. Why are opportunity costs based on a person’s tastes and preferences






2


Discussion Topic 2 of 2

Topic 2:

Comparative advantage dictates which good or service a particular region specializes in and exports to other regions. List one good or service that your home region specializes in and where it exports this good. Why is your region particularly good at the production of that good or service?




uit 2

Discussion Topic 1 of 2

Topic 1: What is a personal brand?

Very simply - your brand is what people say about you. Your brand is not your logo, but rather, it is how someone else describes you, your firm, your staff, and your offerings. It is important to understand that your brand exists whether you like it or not.

The good news is that you can control your brand by being open and forthcoming, in a professional manner, about awards you've won, your involvement in the community, your new opportunities, positions achieved, events you are involved with, or even through your reactions to the current events or market conditions.

To develop a personal brand we should use every opportunity to let others see our credibility. One way to do this is to be an active member of the community. This helps to establish name recognition and positive awareness. It is not happenstance that people at the top are generally quite active in their communities. Think about why this might occur? It happens because when you give back you are actually developing a positive brand as a good member of the community and with this come increased business and opportunities.

Do you have a presence online?

Have you ever done a Google search on yourself or even wondered what might be on the Web about you? In this age of information, most people who are interested in you will search for you online and check out your Web site before considering you for services or employment. When they find you, will your online image help you or harm you? Your Web site is your is a window into you and should be a reflection of who you are as a professional. It will help to establish your personal brand. Everything you do will help mold how people view you as a professional, so ask yourself, “What does my email ID say about me”?

Control your personal brand!

You can control your brand through communication as people look to you with confidence and trust. Your communication will differentiate you. You can make people feel important and give them something to talk about, which can, in turn, bring you business and opportunities. The reality is that there are hundreds of thousands of people who probably have the same skills and competencies that you do. Ultimately it will be your brand that will determine your success. The stronger your brand, the more credible and visible you are, the easier it is to find you and desire to use your skills which will result in even more value for you as a person. In today’s world we have some exciting opportunities to show our personal brand by using social networking sites such as LinkedIn, twitter, facebook, in addition to belonging to professional organizations, etc. You may already have a presence on one or more of these social networking sites or, if not, you may want to research one or more of these sites to begin to build a presence with your personal brand in mind.

For this discussion, consider this topic and converse with your fellow classmates about choice, opportunity cost, and comparative advantage with regards to personal brand in social networking sites and/or associations you might belong to. Include some ideas about what you can do right now to improve and develop your own personal brand.



Discussion Topic 2 of 2

Topic 2

Choose one of the following and determine whether there is correct usage of the terms “demand,” “quantity demanded,” “supply” and “quantity supplied.” Why or why not?

  1. The price of Burger King’s Whopper hamburger declines causing the demand for Whoppers to shift to the right.
  2. Because of a shortage of potatoes, the supply of French fries decreases.
  3. Wage labor in the peanut butter industry increases causing the quantity demanded for jelly to decrease.
  4. In the six months following Hurricane Katrina, the quantity supplied of oil in the Gulf of Mexico declined by 25 percent.
  5. It is a snowy winter and snow shovel prices have increased. Suppliers increase supply to take advantage of these higher prices.


unit 3


Discussion Topic 1 of 2

Topic 1

When a government wants to increase tax revenue, they will often increase the sales tax on gasoline. Using price elasticity of demand, explain why the tax would be placed on gasoline rather than, say, yachts. What might be the long run effect of raising the price of gas? In other words, who is harmed by the tax? Who benefits from such a tax? Are low-income households disproportionately harmed as compared to high-income households? Why or why not?



Discussion Topic 2 of 2

Topic 2

Many suppliers experience economies of scale as output expands, which implies that long-run average costs are falling. At very high levels of production, however, many firms are likely to experience diseconomies of scale. Why do firms experience diseconomies of scale as they increase production volume? How might firms “avoid” experiencing diseconomies of scale and what does the long-run average cost curve look like when diseconomies of scale exist?





nit 4

Discussion Topic 1 of 2

Topic 1:

Describe an industry that would meet the conditions of a perfectly competitive industry:

  1. There are many buyers and sellers so neither side of the market has market power.
  2. The product provided to the market is identical across suppliers.
  3. There are no barriers to entry.

How do individual firms in a perfectly competitive industry respond to an increase in the market demand for the product? Would advertising by individual firms in this type of market provide any benefits?






Discussion Topic 2 of 2

Topic 2

In order to maximize profits, monopolies produce where: MARGINAL REVENUE = MARGINAL COST < MARKET PRICE. Contrast this to the profit maximization condition for perfectly competitive markets and explain how these differences contribute to deadweight loss in a monopoly market. Can you think of reasons why a monopoly might decide on their own to increase production and lower prices to earn an acceptable profit rather than maximize profits?





unit 5

Discussion Topic 1 of 2

Topic 1

There are many dairy farmers in the world and also many Starbucks coffeehouses. Why does a Starbucks coffeehouse face a downward-sloping demand curve while a dairy farmer has a horizontal demand curve? What other suppliers might face a downward-sloping demand curve and what implications does this have for their advertising budget as compared to suppliers with horizontal demand curves?





Discussion Topic 2 of 2

Topic 2

How do barriers to entry impact the level of competition in a market? What might happen to market price as greater barriers to entry come into existence? Not all barriers to entry are created through market conditions. Barriers to entry, such as patents, licenses, or international trade restrictions, may be government imposed. How do government-imposed barriers such as patents impact consumers and suppliers in these markets?



unit 6



Discussion Topic 1 of 2

Topic 1

Contrast the market demand/supply curves and the individual firm’s labor supply/demand curve in a perfectly competitive labor market. How does the law of diminishing marginal returns affect a firm’s demand for labor?




Discussion Topic 2 of 2

Topic 2

Your decision to pursue a higher-level degree is based on investment in human capital. What are the marginal costs and benefits of pursuing additional education and the inherent risks associated with this decision?




unit 7


Discussion Topic 1 of 2

Topic 1

The national income accounts measure productivity, spending, and income; but these accounts were not designed to measure economic welfare. Discuss aspects of economic welfare ignored in GDP. HINT: Do a “Google” search on the Genuine Progress Indicator and compare this with GDP in terms of measuring economic welfare.





Discusson Topic 2 of 2

Topic 2

What factors might contribute to a low growth rates in a country? Why do some poor countries, such as Botswana, experience higher growth rates than others when all face the same challenges such as the HIV epidemic? Compare growth rates across countries by visiting The World Bank website (.worldbank.org/indicator">http://data.worldbank.org/indicator). How does GDP growth (GDP growth (annual %)) compare across developed countries such as the U.S. and poorer countries such as Nigeria. Why might growth rates of developed nations be lower than those of poorer countries?



unit 8


Discussion Topic 1 of 2

Topic 1

Discuss the differences between unemployment and underemployment and give examples of each. Which do you think is a more serious “problem” for the economy? How might underemployment be addressed through government policy?

Discussion Checklist:

  1. What are the key tools of fiscal policy and monetary policy
  2. Why might each of these policies not be effective in reducing high levels of unemployment
  3. Why might changes in unemployment be a lagging indicator in an economic recovery
  4. Discuss the possibility that monetary and fiscal policy actions might actually destabilize the economy and reductions in unemployment





Discussion Topic 2 of 2

Topic 2

What factors might cause the marginal propensity to consume to change? If the MPC increases from 0.50 to 0.75, what happens to consumption and ultimately GDP when household income rises? What do you think happened to MPC after the last recession? Explain.



unit 9



Discussion Topic 1 of 2

Topic 1

There is always debate regarding the structure of the current income tax system in the U.S. Many opponents of the current system argue that under its current structure, many wealthy households are able to avoid taxes and for most households, the tax system is simply too complicated and confusing. One solution that has been proposed is the “flat tax.” What are the benefits and detriments of replacing the current income tax system with a flat tax system? Who benefits and who might be harmed? What implications does the flat tax system have for tax preparation companies such as H&R Block?



Discussion Topic 2 of 2

Topic 2:

In 2008, Federal Reserve Bank Chairman, Ben Bernanke, and U.S. Treasury Secretary, Henry Paulson, responded to the financial crisis by intervening in financial markets in unprecedented ways. Do you think this intervention was necessary? What are the consequences of this intervention? What might have happened if they had not intervened?




Tags discuions units mt445 university kaplan topic discuion brand market demand personal does people good firms growth increase barriers unit suppliers costs opportunity think marginal entry curve income scale price current countries benefits diseconomies labor

Tutorials for this Question
Available for
$47.00

Kaplan University MT445 all units discussions

Tutorial # 00015743
Posted On: 05/27/2014 10:54 PM
Posted By:
Best Tutors for school students, college students vikas
Expert tutors with experiences and qualities
Questions:
4728
Tutorials:
4987
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …all…
Attachments
Kaplan_University_MT445_unit_1_and_unit_2_discussion.docx (16.11 KB)
Preview: connections x have xxxx on Linked xx   Some xx those xxxxxxxxxxx xxxx been xxx opportunities at xxx Director level xx it's xxx xxxx a xxxxx to find xxxxx level positions xx I xxx xxx ready xx move back xx the east xxxxx after xxxx xxxxxxxxxx my xxxxxx to southern xxxxxxxxxxx but it xxxxx just xxx xxxxxx social xxxxx can be xxxxxxxxxxx is better xx hang xxxxxx xxxxxx that xxxx lift you xx and make xxx a xxxxxx xxxxxxx than xx is to xxxx around people xxx will xxxxx xxx down xxx same goes xxx business, in xxxx it xx xxxx to xxxx business connections xxxx will help xxxxx your xxxxxxxx xxx rather xxxx down Making xxxx choices when xxxxxxxx on xxx xx be xx contact with xx key to xxxxxx a xxxxxxxxxxx xxxxxxxxx in xxx only life, xxx in the xxxxxxxx world xx xxxx Social xxxxxxxxxx has always xxxx essential in xxx society, xxx xx this xxx and age xxxx all this xxx technology, xx xxx become xxxx important than xxxx to stay xxxxxx if x xxxxxxxx wants xx make good xxxxxxxxxxx and succeed xxx you xxxxxx xx network xxxx can give xxx a comparative xxxxxxxxx in xxxx xx can xxxxxx how your xxxxxxxx is seen xx others xxx xxxxxx the xxxxx of your xxxxxxxx brand 2Good xxxxxxx Professor xxx xxxxxxxxxxxx reside xx an area xx the country xxxx recently xxxxxxxxxxx xx especially xxxxx winter I.....
Kaplan_University_MT445_unit_3_and_4_discussions.docx (15.65 KB)
Preview: longer xx in x perfectly competitive xxxxxxxx In my xxxxxxx of xxxxxxx xxxxxxxx the xxxx advertising is xx the informational xxxxx ads xx xxxxx papers xxxx the day, xxxxx and location xx the xxxxxx xxxxxxxxx to xx Grandfather, who xx the Mayor xx Hasbrouck xxxxxxxx xxx costs xx these ads xxx borne by xxx communities xxxxx xxx markets xxx held 2Last xxxx in my xxxxxxxxxx I xxx xxxxxx about xxxxxx and Noble xxx how they xxx sell xxxxx xxx a xxxxxxx rate than x local bookstore xxxx is x xxxx example xx increasing production xxx lowering prices x mentioned xxxx xxx company xxx less workers, xx well as xx online xxxxxxxxxx xxxxx is xxxxxxxxx than a xxxxx bookstore who xxxx charge xxxx xxx have xxxx employees (of xxxxxx size of xxx store xxxxx x difference xxxxx Barnes and xxxxx is usually xxxxxxxxxxxx bigger) xxx xxxxxx they xx this is xx bring in xxxx customers xxxxxxxx xx looking xx “save a xxxxxxx and when xxx get xxxxxx xxxxxx on xxxx store, more xxxx likely they xxxx be x xxxxx customer xxx a while xxx more loyal xxxxxxxxx you xxxxx xxx more xxxxx you make xxxx word of xxxxxx tv xxx xxxxx advertising, xxx other things xxxx increase customers xxxxx reason x xxxxxxxx would xxxxxxxx production and xxxxx cost would xx to xxxx xxxx products xx the end xxx monopoly has xxx opportunity.....
Kaplan_University_MT445_unit_5_and_6_discussions.docx (15.54 KB)
Preview: affect xxxxx   xxxx perfectly competitive xxxx faces a xxxxxxxxxx demand xxxxx xxx does xxx have to xxx the price xx sell x xxxxxx quantity” xxxxxxxx & O’Brien, xxxxx   Other xxxxxxxxx facing x xxxxxxxxxxxxxxxx demand xxxxx are grocery xxxxxxx restaurants, and xxxxxxxxxx stores xxxxxxxxxxxxxxxxxxxxxxxx x G xxxxx O’Brien, A x (2010)  Economics xxxx ed x xxx Jersey: xxxxxxx OrStarbucks has x downward facing xxxxx due xx xxx fact xxxx are a xxxxxxxx in the xxxxxx industry xxxxxxx xxxxx farmer’s xxxxx is horizontal xxxxxxx they are xx a xxxxxxxxx xxxxxxxxxxx market xxxxxxx curves of xxxxx two also xxxxxx due xx xxx differences xx their product xxxxxxxxxxxxx may use xxxxx products xx xxxx their xxxxxx products and xxxxx farmers produce xxx them, xxx xxxx are xxx complimentary companies xxxxxxx suppliers that xxx face x xxxxxxxx facing xxxxx would be xxx McDonalds or xxxxxx Kings xxxxxxx xxxxxxxxxx facing xxxxxx would be xxx beef farmers xxx provide xx xxxx so xxxx can sell xxxxxxxxxx on their xxxxx   The xxxxxxxxxxxx xx advertising xxxxx be McDonalds xxx Burger King xxxx to xxxx xxxxx products xxxxx out from xxx other competitor xxxxxxxx farmers xxxx xxxx their xxxx regardless of xxxx their buyer xxxx with xx xxxxxxxxxxxxxxxxx R x H a x P (2013) xxxxxxxxxx Vitalsource xxx xxxxxx University xxxxxxxxxxx bookshelf version] xxxxxxxxx from http://online xxxxxxxxxxx com/books/97812693106422    .....
Kaplan_University_MT445_unit_7.8_and_9_discussions_.docx (16.67 KB)
Preview: Monetary xxxxxx is xxx actions the xxx Reserve takes xx manage xxx xxxxx supply xxx interest rates xx pursue macroeconomic xxxxxx objectives xxxxx xxx tools xxx monetary supply xxxxxxx money supply xxx interest xxxxx xxxxx is x possibility that xxxxxxxx and fiscal xxxxxxxx could xxxx xx adverse xxxxxx and actually xxxxxxxxxxx the economy xx few xxxxxxx xxxx may xxxxx the MPC xx change would xx a xxxxxxx xxxxx from xxxx or perhaps x change in xxxxxxxx rates xx xx the xxx increases, consumption xxxxxxxxx   The xxxxxxxx in xxx xxx will xxxx increase the xxx as more xxxxx is xxxxx xxxxx  In xxx last recession, x believe the xxx went xxxx xx People xxxx trying to xxxxxx monies they xxxx during xxxx xxxx and xxxxxxxxxxx was at x low   xxx recession xxxxxxx xxxxxxx to x forefront in xxxxx to prepare xxx hard xxxxx xx People xxxx not spending xxxxxxxxxx income or xxxxxxxx they xxxx xxxxxx and xxxx interest rates xxxx down, they xxxxxxxx it xx xxxxx payments xx order to xxxx money, not xxxxx it xxxxxxxxxxxxxxxxx x G x a A x (2013) Economics, xxxxxxxxxxx for xxxxxx xxxxxxxxxx [VitalSouce xxxxxxxxx version] Retrieved xxxx http://online vitalsource xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 9A xxxx xxx system xxxxx mean everyone xxxx the same xxx amount xxxxxxxxxx xx income xx A benefit xx a flat xxx system xxxxx xx that xx one is xxxxxx from it xx A xxxxxxxxx xx that xx one is xxxxxx from it xx I xxxxxxx xx Ben xxxxxxxxxx National Prayer xxxxxxxxx speech from xxxx and xx xxxxx about xxxx as a xxx for current xxx system xx xx spoke.....
Purchase this Tutorial @ $47.00 *
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
Loading...