Project #10634 - Microeconomics

 

Everthing in blue should be deleted

Paper Title Goes Here

            Write your introduction here. Write a brief paragraph that introduces the reader to your topic and it should explain what your paper will be discussing. Much of your introduction may be taken from the assignment itself (in your own words). You will want to review the assignment AND rubric for full details and you will need to update the Title Page/Page Header.

Write 1800-2500 words (word count does not include the section headings below).  For assistance with your assignment, please use your text, Web resources, and all course materials

Part III

The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following:

What Type of Tax is This?

Explain

What Happens to the Supply of Cookbooks?

Explain

What Happens to the Equilibrium Price?

Explain

Who Pays the Tax at the End?

Explain

Is This a Good Way to Finance Programs to Improve Health?

Explain

What Other Types of Tax Can the Government Use to Increase Revenues?

Explain

Part IV

Justcookbooks.com becomes wildly successful in the United States, and you decide to export overseas. Answer the following:

Does this Reflect an Absolute or a Comparative Advantage?

Explain

Name 4 Issues That You Will Encounter as You Become a Multinational Corporation.

1:

2:

3:

4:

What Happens to Your Marginal Utility as You Buy Your Third Luxury Automobile? Why?

Explain

Part V

In the article entitled "The Economic Effects of Labor Unions Revisited," Vedder and Galloway attempt to prove statistically, using historical data, that labor unions do not have a good effect on the economy. Read the article, and explain the following microeconomic concepts that the authors discuss and how they are related to unions.

Demand, Supply, and Equilibrium Wage Rates of Labor

                        Explain how related to Unions

Unemployment

Explain how related to Unions

Deadweight Welfare Loss

Explain how related to Unions

Elasticity

Explain how related to Unions

Real GDP and Economic Growth

Explain how related to Unions

Income Per Capita

Explain how related to Unions

Population Growth and Aging

Explain how related to Unions

Marginal Costs, Marginal Revenues, and Profits

Explain how related to Unions

Negative and Positive Economic Effects

The article focuses on harmful economic effects, but also mentions some positive aspects. What are they?

Do Moral Hazard Apply to Unions?

Why or why not?

Conclusion

Provide a summary of what was discussed in this paper. Include any summary remarks and observations.

 

 

 

 

References

List your reference here. The reference page must include all of the references you used, listed in proper APA format. Refer to the Citations.doc post in files area.

Subject Business
Due By (Pacific Time) 08/12/2013 01:00 am
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