Criteria | Not Evident 0% | Developing 55% | Proficient 80% | Distinguished 100% | Weight |
Explain the assumption of rationality by individuals or firms | |||||
Describe the factors a rational criminal takes into account in deciding to commit a crime, and provide support with economic model examples | |||||
Explain the circumstances that would convince the criminal to do the deed, and use the concept of marginality to justify | |||||
Explain the policy implications of the economic model of crime, and includes the model's prediction | |||||
Explain how this model highlights the difference between positive and normative reasoning in arguing for capital punishment as punishment for burglary or car theft | |||||
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.) | |||||
Total: | 100% |
United States | Saudi Arabia | |
Oil | 10 | 8 |
Personal Computers | 30 | 4 |
Criteria | Not Evident 0% | Developing 55% | Proficient 80% | Distinguished 100% | Weight |
Calculate the labor and opportunity costs for each good and country, show your work with correct notation | |||||
Compute the absolute advantage each good, show your work with correct notation | |||||
Explain which country has the absolute advantage in each good and justify | |||||
Compute comparative advantage for each good, show you work with correct notation | |||||
Explain which country has the comparative advantage for each good and justify | |||||
Describe what good each country should export and justify | |||||
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.) | |||||
Total: | 100% |
Criteria | Not Evident 0% | Developing 55% | Proficient 80% | Distinguished 100% | Weight |
Analyze the consequences of the government setting a price ceiling | |||||
Graphically calculate a market’s equilibrium price and quantity | |||||
Graphically illustrate a market shortage | |||||
Calculate the impact of government regulations on price and quantity of a product produced | |||||
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.) | |||||
Total: | 100% |
Count | |||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | |
Pizzas | 60 | 108 | 138 | 156 | 162 | 166 | 166 |
Twinkies | 44 | 76 | 100 | 120 | 136 | 148 | 152 |
Criteria | Not Evident 0% | Developing 55% | Proficient 80% | Distinguished 100% | Weight |
Accurately graphs the budget constraint | |||||
Correctly identifies the intercepts | |||||
Expressed the budget constraint as an algebraic equation for a line | |||||
Graph the slope as the opportunity cost | |||||
Calculate the consumer equilibrium using the utility maximizing rule | |||||
Explain the process used to confirm that the consumer equilibrium generated the highest combined total utility of any affordable combination of goods | |||||
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.) | |||||
Total: | 100% |
Criteria | Not Evident 0% | Developing 55% | Proficient 80% | Distinguished 100% | Weight |
Calculate the quantity of output your store should produce, before and after the new competitor, using the model of monopolistic competition | |||||
Calculate the price your store should charge, before and after the new competitor, using the model of monopolistic competition | |||||
Explain the impact the new store will have on your profits using a graph that shows profits before and after as evidence | |||||
Explain at least one strategy that could be used to defend your market share against the new store | |||||
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.) | |||||
Total: | 100% |
Criteria | Not Evident 0% | Developing 55% | Proficient 80% | Distinguished 100% | Weight |
Create a graphic to illustrate producer equilibrium for monopsony in the labor market | |||||
Create a graphic to illustrate producer equilibrium for monopoly in the product market | |||||
Explain the impact of the new firm on quantity of output produced and price charged using the model of monopsony, and justify | |||||
Explain the impact of the new firm on quantity of workers you employ and the wage you pay using the model of monopsony, and justify | |||||
Create a graphic to illustrate the results of your analysis of the impact of the new firm | |||||
Explain the results of your analysis of the impact of the new firm and justify | |||||
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.) | |||||
Total: | 100% |
Criteria | Not Evident 0% | Developing 55% | Proficient 80% | Distinguished 100% | Weight |
Identifies one characteristic of public goods: Non-excludable | |||||
Identifies one characteristic of public goods: Non-rivalrous | |||||
Explains how OER has those characteristics | |||||
Suggests ways of paying the costs of OER | |||||
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.) | |||||
Total: | 100% |
Cc licensed content, shared previously.
IMAGES
COMMENTS
Microeconomics - Assignment #2. Explain why scarcity leads to tradeoffs. Since the supplies of virtually all goods are limited, and since human wants are unlimited, there is competition between individuals. If you want a certain good, you have to give up something else to get it, whether that be time, money, labor or another good offered in trade.
The purpose of this assignment is to draw diagrams and identify the effect on the demand curve and the supply curve. Mostly, curve shifts. new york city college
Microeconomics Assignment 2. Get a hint. illustrates the trade-off for a particular student between time spent studying per week and income per week from working part-time. What is the opportunity cost for this person of moving from point a to point b?
Studying ECO201 Microeconomics at Southern New Hampshire University? On Studocu you will find 967 assignments, 625 coursework, 187 lecture notes and much more for
This section contains the problem sets and solutions for the course.
Assignment #2 detailed work. 201 (l02) instructor: atsuko tanaka assignment (total: 12 15 marks) winter 2021 revised on march (q1 and q2 were originally included
Microeconomics Exam #2 ECON 1100 Learn with flashcards, games, and more — for free.
This free textbook is an OpenStax resource written to increase student access to high-quality, peer-reviewed learning materials.
This document contains an economics assignment with multiple questions regarding concepts like price elasticity of demand, cross price elasticity, and the relationship between goods. 1. The first question calculates the price elasticity of demand for a jewelry box using percentage change in quantity and price. The elasticity is found to be -1.088, indicating elastic demand. 2. The second ...
This document contains 5 questions from a microeconomics assignment. Question 1 discusses how increasing input prices will increase a firm's average total costs, marginal costs, and short-run average variable costs depending on the importance of the input to production. Question 2 discusses how startup firms experience declining average total costs over time as they benefit from economies of ...
Learn the basics of economics with current examples and balanced approaches. Principles of Microeconomics is a free and open textbook from the University of Minnesota.
microeconomics assignment 2 - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Total Revenue increases when the price decreases from 5 dollars to 3 dollars.
Note that the Data Project Assignment is split into two parts and spans both Module 6 and Module 7. The Module 16 assignment presents two options, one that emphasizes topics from macroeconomics, and another that emphasizes concepts from microeconomics.
Preview text Unit 2 Assignment Billy Sengmany Purdue Global University BU224 Microeconomics Professor Christopher Rakovalis April 1, 2023
What is economics and why should you spend your time learning it? After all, there are other disciplines you could be studying, and other ways you could...
Now, with expert-verified solutions from Microeconomics 20th Edition, you'll learn how to solve your toughest homework problems. Our resource for Microeconomics includes answers to chapter exercises, as well as detailed information to walk you through the process step by step.
ECON 103 Principles of Microeconomics Assignment 2 Fall 2022 September 21, 2022 This problem set counts 30% or 30/100 marks. Due Friday December 2nd 20225pm (end of week 14).
Study with Quizlet and memorize flashcards containing terms like scarcity, opportunity cost, production possibilities frontier and more.
Assignments. The assignments in this course are openly licensed, and are available as-is, or can be modified to suit your students' needs. Answer keys are available to faculty who adopt Waymaker, OHM, or Candela courses with paid support from Lumen Learning. This approach helps us protect the academic integrity of these materials by ensuring ...
ECONOMICS 111 - Introductory Microeconomics (CDS) Assignment 2 Solutions True, False, Uncertain [18 marks - 6 marks each] Explain why each statement is true, false, or uncertain.
Principles of Microeconomics UU-ECO-2000-ZM-18684 Salsabil Ahmed Ali Awadallah R1811D6954659 ASSIGNMENT 2 WEEK 3 Elena Panayiotou Sunday, 7th June, 2020. QUESTION 1 1.