ECON 545 Entire Course + Final Exam (New)
For more course tutorials visit
www.econ545.com
ECON 545 Week 1 DQ 1 Supply and Demand
ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage
ECON 545 Week 2 DQ 1 Marginal Analysis
ECON 545 Week 2 DQ 2 Controlling Costs
ECON 545 Week 3 DQ 1 Mergers Acquisitions
ECON 545 Week 3 DQ 2 Antitrust Policy
ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation C)
ECON 545 Week 4 DQ 1 Current Topic in Macroeconomics
ECON 545 Week 4 DQ 2 Healthcare
ECON 545 Week 5 DQ 1 Trade Deficits
ECON 545 Week 5 DQ 2 Exchange Rates
ECON 545 Week 6 DQ 1 Fiscal Policy
ECON 545 Week 6 DQ 2 Monetary Policy
ECON 545 Week 6 Course Project 2 Macroeconomic Analysis (Situation C)
ECON 545 Week 7 DQ 1 The Public Sector
ECON 545 Week 7 DQ 2 Forecasting
ECON 545 Week 8 Final Exam
...................................................................................................................................................................
ECON 545 Week 8 Final Exam (Devry)
For more course tutorials visit
www.econ545.com
1.Question :(TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets.
(a.) (15 points) You know from data collected on the Widget Market that market demand and market supply have both increased recently. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?
Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market.
(b.) (15 points) Now, suppose that following the supply and demand changes in (a), a substitute good goes up in price, and your costs of production increase. What new decisions will you make regarding production levels and pricing for your Widget facility?
2.Question...