ECO 100 Week 1 DQ 1 Marginal Cost
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Marginal Cost & Marginal Benefit
Cite three examples of recent decisions that you made in which you weighed marginal cost and marginal benefit. (Make sure these are socially acceptable and appropriate for sharing in a public forum.) Explain in 200 words. Respond to at least three of your classmates’ postings.
ECO 100 Week 1 DQ 2 Self Interest no
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Self Interest
How does self-interest help achieve society's economic goals? Why is there such a wide variety of desired goods and services in a market? In what ways are entrepreneurs and businesses at the helm of the economy but commanded by consumers? Explain in 200 words. Respond to at least three of your classmates' postings
ECO 100 Week 2 DQ 1 Supply
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Supply, Demand & Equilibrium
Professional Sport players generally are paid much more than farmers, factory workers, engineers, and teachers. The markets for the professional sports players, farmers, factory workers, engineers and teachers are generally competitive markets. Even among professional sport players, the salaries for players in some sports are generally significantly higher than the salary in some other sports. How does this make sense using supply and demand in a market in equilibrium? Fully explain your reasoning in at least 200 words. Respond to at least two of your fellow students' postings.
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ECO 100 Week 3 DQ 2 Oligopolies 2B
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Oligopolies
What is an “oligopoly” and why do they exist? List 3 or 4 oligopolies whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition? Fully support...