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ECO 561 TUTORIALS Learn by Doing

ECO 561 Entire Course

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ECO 561 Week 1 Individual Assignment Market Equilibrating Process PaperECO 561 Week 1 DQ 1ECO 561 Week 1 DQ 2ECO 561 Week 1 Knowledge Check (Quiz)ECO 561 Week 2 Individual Assignment Market Equilibration Process PaperECO 561 Week 2 Learning Team ReflectionsECO 561 Week 2 Knowledge Check (Quiz)

ECO 561 TUTORIALS Learn by Doing

ECO 561 Final Exam Guide (NEW)

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) Suppose that in the clothing market, production costs have fallen, but the equilibrium price and quantity purchased have both increased. Based on this information you can conclude that A. the supply of clothing has grown faster than the demand for clothing B. demand for clothing has grown faster than the supply of clothing C. the supply of and demand for clothing have grown by the same proportion D. there is no way to determine what has happened to supply and demand with this information

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 1 DQ 1 (UOP)

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What kinds of changes in underlying conditions can cause the supply and demand curves to shift? Give examples and explain the direction in which the curves shift.

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ECO 561 Week 1 DQ 2 (UOP)

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What is price elasticity? Give examples of five products whose demand is price elastic, and five products whose demand is price inelastic and elaborate on the choices you make.

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ECO 561 Week 1 Individual Assignment Market Equilibrating Process Paper

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We have another paper on Market Equilibration Process Paper with different course description which could be found on this linkMarket Equilibrating Process PaperWrite a 700- to 1,050-word paper in which you relate the concepts in this week's readings to a prior real world experience. The experience does not necessarily have to be work experience.

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ECO 561 Week 1 Knowledge Check (Quiz)

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1. Revenue increases when2. An increase in the price of an inelastic good3. Price elasticity of demand increases when4. The purpose of a market in a market system is to5. By specializing in the production of one good, a company is able to benefit from economics of scale which increases its revenue. Which of the following is an attribute of specialization?

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ECO 561 Week 2 DQ 1 (UOP)

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Cost is a big issue with every company, and changing the technology is the biggest cost for most companies, how your company was able to cope with this problem and maintain the level of profit in a very competitive market?

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ECO 561 Week 2 DQ 2 (UOP)

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Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how can technology help firms to lower their costs? What are some specific examples of how firms have used technology to lower costs?

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 2 Individual Assignment Market Equilibration Process Paper

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Required Elements: • Include academic research to support your ideas• Consider the Law of demand and the determinants of demand• Consider the Law of supply and the determinants of supply• Describe Efficient markets theory• Explain Surplus and shortage

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 2 Knowledge Check (Quiz)

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1. Purely competitve firms increase total revenue by 2. What are two ways for a competitve firm to determine the optimal level of production, that is, the level of production that will maximize profit or minimize losses? 3. Suppose that a firm determines that its marginal revenue is greater than its marginal cost, it would be better to

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 2 Learning Team Reflection

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www.eco561tutorials.com ECO 561 Week 2 Learning Team Deliverable The learning objectives of week 2 were to identify production level to maximize profits, explain how to balance fixed and variable costs, and to apply economic cost concepts in making business decisions.

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ECO 561 Week 2 Team Assignment Learning Team Project Product Pricing Component (Apple)

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 Learning Team Assignment: Learning Team Project Product Pricing ComponentSelect an organization with which you are familiar or in which you are interested that provides a private good or service.

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ECO 561 Week 3 DQ 1 (UOP)

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Do you think that competition can be counted on to discipline the industrial business firms of a modern economy? Explain.

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ECO 561 Week 3 DQ 2 (UOP)

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In your industry, would you support regulation or deregulation and why or why not?

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ECO 561 Week 3 Knowledge Check (Quiz)

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1. A purely- or perfectly-competitive firm would be characterized by which of the following?2. For a purely-competitive firm, price must be3. What will excessive or economic profits induce for a firm in any industry structure?4. A pure-monopoly firm’s demand curve is also the market demand curve. This kind of firm may successfully engage in price discrimination to increase its total profit if it

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 3 Learning Team Reflection

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ECO 561 Week 3 Learning Team Reflection/DeliverableThe learning objectives of week 3 were to determine pricing strategy to meet organizational goals, determine ways to create non price barriers to entry based on market structure, determine ways to increase product differentiation based on market structure, and to determine ways to reduce costs for an organization.

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ECO 561 Week 3 Team Assignment Market Structures Simulation (Apple)

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Create a solution using strategic variables available to you to sustain the economic profits the firm can earn.What are some of the pricing strategies that you would recommend?What are some of the non-pricing strategies that you would recommend?What kind of innovations would you propose to sustain the organization's uniqueness?

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ECO 561 Week 4 DQ 1 (UOP)

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www.eco561tutorials.com How does the Federal Reserve's monetary policy affect your industries, or company's growth?

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ECO 561 Week 4 DQ 2 (UOP)

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www.eco561tutorials.com How would you evaluate monetary policy today? Is monetary policy contradictory with fiscal policy? Why or Why not? Support your analysis with examples.

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ECO 561 Week 4 Knowledge Check (Quiz)

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www.eco561tutorials.com  1. Business cycles occur when output2. Which of these statements best describes a complete individual business cycle?3. During the business cycle, the period between the point at which output reaches a high and the point at which it reaches a low is called

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 4 Learning Team Project Macroeconomic Forecast Outline (Apple)

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 \1. Learning Team Assignment: Learning Team Project Macroeconomic Forecast Outline: Prepare a brief outline of the Week 5 Learning Team Project Macroeconomic Forecast Component in which you answer the following questions:1. What are the economic indicators for which you will be providing forecasts?

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ECO 561 Week 5 DQ 1 (UOP)

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www.eco561tutorials.com How does the Federal Reserve's monetary policy affect your industry's, or company's growth?

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ECO 561 Week 5 DQ 2 (UOP)

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www.eco561tutorials.com How would you evaluate monetary policy today? Is monetary policy contradictory with fiscal policy? Why or Why not? Support your analysis with examples.

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ECO 561 Week 5 Knowledge Check (quiz)

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www.eco561tutorials.com 1. The Classical Theory of Asset Prices assumes which of the following ideas? 2. Economists use two principle interest rates: normal and real. The purpose of this distinction is to3. During periods of incresing inflationary pressure, the Federal Reserve should

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 5 Learning Team Project Macroeconomic Forecast Component (Apple)

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Identify a list of five economic indicators which will be the subject of this paper. In addition to real GDP, the unemployment rate, and the inflation rate, focus on at least two of the following :• A key interest rate (I suggest the 10-year Treasury rate)• Housing starts• Oil prices• Auto sales

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 6 DQ 1 (UOP)

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How much has the growth in international trade impacted your company, or industry? Has the devaluation of the U.S. dollar impacted your company, or industry? Explain.

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 6 Knowledge Check (Quiz)

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1. If the demand is QD = 100 – 10P and there is a $1 price increase, then the elasticity of demand at p = 2 is2. If the absolute value of a demand elasticity is less than 1, then3. If the cross-price elasticity is negative, then the two goods are4. Under perfect competition, a firm maximizes its profit by setting

ECO 561 TUTORIALS Learn by Doing

ECO 561 Week 6 Team Assignment (Final), (Apple)

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• Resources: The data compiled from the University of Phoenix Material – Big Drive Auto in Week Four (or the material from your own organization in which you faculty member has approved) • Write a 700- to 1,050- word paper addressing the following issues in the context of the scenario:o Identify and justify the macroeconomic measures of output and prices which you have selected for Big Drive Auto’s planning.

ECO 561 TUTORIALS Learn by Doing