Purchase Solution

Microeconomic issues

Not what you're looking for?

Ask Custom Question

Consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms.

Choose of one topical microeconomic issue out of two possible alternatives.

Choose one of the following two microeconomic issues:
1. Everyone's Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors, as outlined in our book. Be sure to cite any references used.
2. Ethical Issues in Business. It seems that every day lately we are confronted with a new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings? Briefly discuss one of these issues. How would you expect this to affect the equilibrium price and equilibrium quantity for this company's products and services? Is the elasticity of demand or supply affected? What about the effect on production levels and costs? Are ethical issues more likely to occur in one market type rather than another market type? You don't have to cover all of these topics.

Purchase this Solution
Solution Summary

This posting gives you an in-depth insight into Microeconomic issues

Solution Preview

Ethical Issues in Business. It seems that every day lately we are confronted with a new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings?
Briefly discuss one of these issues. How would you expect this to affect the equilibrium price and equilibrium quantity for this company's products and services?
One of these issues is the over reporting/ under reporting of net income. The company management seeks to show that every quarter the net income of the business has grown. In order to show this they adopt unethical means/illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock ...

Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Differences between microeconomics and macroeconomics

    Day to day decision making related to opportunity costs, choice between two alternatives, etc. are examples of microeconomic decision making. An example of macroeconomics is issues related to Gross Domestic Product, inflation and unemployment.

  • microeconomics and macroeconomics

    Phenomenons like elasticity of demand and supply, marginal utility etc. are microeconomic concepts as well. An example of macroeconomics is issues related to Gross Domestic Product, inflation and unemployment.

  • microeconomics and macroeconomics

    Phenomenons like elasticity of demand and supply, marginal utility etc. are microeconomic concepts as well. An example of macroeconomics is issues related to Gross Domestic Product, inflation and unemployment.

  • What is the difference between Microeconomics and Macroeconomics?

    However microeconomics and macroeconomics are actually interdependent and complement one another since there are many overlapping issues between the two fields. Provide an example of a microeconomic and macroeconomic phenomenon.

  • differences between microeconomics and macroeconomics

    However microeconomics and macroeconomics are actually interdependent and complement one another since there are many overlapping issues between the two fields. Provide an example of a microeconomic and macroeconomic phenomenon.

  • Economic Analysis

    . // Difference between Microeconomic and Macroeconomic Analysis: While these two studies of economics appear to be different, they are actually interdependent and complement to one another since there are many overlapping issues between the two

  • Microeconomics

    c) Managerial decisions are affected by both microeconomic and macroeconomic forces d) By and large, managerial decisions are not affected by either microeconomic or macroeconomics forces Option (C) is the answer. The Correct Answer is provided.

  • I have been asked to address a professional meeting and expl

    Provide an example of a microeconomic and macroeconomic phenomenon. â?¢Please give an example of a microeconomic decision that youâ??ve made at work or home? What factors contributed to making that decision? â?

  • What are the differences between microeconomics and macroeconomics?

    Provide an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision?

View More Related Solutions