ECO 204 Entire Course
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ECO 204 Week 1 DQ 1 Elasticity of Demand
ECO 204 Week 1 DQ 2 Marginal Utility
ECO 204 Week 2 DQ 1 Tax Credits and the Labor Market
ECO 204 Week 2 DQ 2 Reduction of Costs
ECO 204 Week 3 DQ 1 Perfect Competition
ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic Competition
ECO 204 Week 3 Assignment Manufacturing Industry Evaluation
ECO 204 Week 4 DQ 1 Externalities
ECO 204 Week 4 DQ 2 Tax Base
ECO 204 Week 5 DQ 1 Comparative and Absolute Advantage
ECO 204 Week 5 DQ 2 Equity versus Growth
ECO 204 Week 5 Final Paper (potato chip industry)
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ECO 204 Week 1 DQ 2 Marginal Utility
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Marginal Utility. Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative? When does the law of diminishing marginal utility set in and what does this illustrate about where you should stop consuming if you were eating at an all you can eat buffet? Respond to at least two of your fellow students’ postings
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ECO 204 Week 3 DQ 1 Perfect Competition
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Perfect Competition. A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium with firms operating at their minimum efficient scale. Why is a perfect competitive firm associated with efficiency for both consumers and businesses? Respond to at least two of your fellow students’ postings.
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ECO 204 Week 4 DQ 2 Tax Base
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Tax Base. Suppose a special tax was introduced that used the value of one’s automobile as the tax base. Each person would pay taxes equal to 10...