External link to Benefit measurement methods

Benefit measurement methods

The readings for this module cover two benefit measurement methods: contingent valuation and economic valuation. Both methods reveal the willingness of people or firms to pay for pollution controls. Describe which of these is the best valuation method for the environmental phenomenon or issue you are exploring in your final project(Soil Pollution). Remember that you will select between revealed preferences and stated preferences. Post the […]

External link to The Four Types of Market Structures

The Four Types of Market Structures

ORIGINAL TOPIC: Assignment 1: Discussion—Market Structures Industries can be classified under different market structures and this classification strongly dictates decisions made by managers within the market. For example, in an industry classified under perfect competition, or in a perfectly competitive market, many competitors offer the same product and entry into the industry is easy. In this market, the pressure to maintain the same prices as […]

External link to Determines what quantity of labor to demand

Determines what quantity of labor to demand

Select an organization with which you are familiar or an organization where you work. Develop a 15- to 20-slide Microsoft® PowerPoint® presentation to be presented to the CEO’s executive committee that addresses how your chosen organization determines what quantity of labor to demand and what events could shift the demand and supply of that labor. Explain the following in your presentation: How your organization’s production function is related […]

External link to Multinational firm from the Fortune 500 List

Multinational firm from the Fortune 500 List

Learning Activity #1  Production Identify a multinational firm from the Fortune 500 List.  Discuss where the firm’s products are produced, whether the company produces in a single country or several key locations?  Have they changed their production strategy to move manufacturing from the US to another country, or back to the US after years of outsourcing?  What factors would a firm consider when deciding to move manufacturing abroad?  How […]

External link to The four factors of production

The four factors of production

The four factors of production that produce goods and services are A) labor, money, machinery, and land. B) labor, capital, money, and entrepreneurship. C) labor, capital, land, and entrepreneurship. D) labor, investment capital, machinery, and land. E) labor, stocks, money, and bonds.   92) In the labor market, A) households demand labor. B) firms demand labor. C) firms supply labor. D) wage are determined only […]

External link to An industry with a large number of firms

An industry with a large number of firms

An industry with a large number of firms, differentiated products, and free entry and exit is called A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly. E) monopolistic oligopoly.   82) A firm faces a small number of competitors. This firm is competing in A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) a perfect multi-firm monopoly.   83) Firms […]

External link to Perfectly competitive industry

Perfectly competitive industry

If firms in a perfectly competitive industry are earning an economic profit and new firms enter the industry, then A) consumer surplus decreases. B) the existing firms’ economic profit decreases. C) there must be external benefits to consumption of the good. D) the new firms must incur an economic loss. E) Both answers A and B are correct. 72) A monopoly is a market with […]

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