Module 3 Discussion Discussion Prompt Give an example of the price of a good changing. Explain what determinant of supply or demand you think led to this change. (For example, the price of laptop computers has decreased in recent years due to technological change.) Post a brief paragraph responding to the discussion prompt above. Your post should use concepts presented in this module. Your post must be completed before you can see posts from your classmates. Discussion Response Reply to one classmate's post. Positive comments regarding the quality of the post are fine, but do not earn points (e.g., "that's a great point" or "I like your post"). To earn credit, a response should contain 1-3 sentences extending th- point made in the classmate's post;=: for example by asking a question, providing an example, connecting to other concepts, or providing additional information related to economic concepts.

Module 3 Discussion Discussion Prompt Give an example of the price of a good changing. Explain what determinant of supply or demand you think led to this change. (For example, the price of laptop computers has decreased in recent years due to technological change.) Post a brief paragraph responding to the discussion prompt above. Your post should use concepts presented in this module. Your post must be completed before you can see posts from your classmates. Discussion Response Reply to one classmate's post. Positive comments regarding the quality of the post are fine, but do not earn points (e.g., "that's a great point" or "I like your post"). To earn credit, a response should contain 1-3 sentences extending th- point made in the classmate's post;=: for example by asking a question, providing an example, connecting to other concepts, or providing additional information related to economic concepts.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3
Question: Explain the concept of supply and demand and how they interact to determine prices and quantities in a market.Please Dont use AI tool.
Instructions: Based on what you have learned, discuss or share your experiences for each implication on how media and information affect you as an individual. Implications of Media and Information Your experience Media and information improve quality of life Media and information for greater political participation Media and information promoting economic opportunities Media and information for improvement of learning environment Media and Information individuals as more cohesive social units
Question 35 What have you learned about Microeconomics that you did not know before taking this class?
Please no written by hand Budget Selections to Build Demand As a commuter you have a budget of $250 to spend on gasoline each month. You drive a car that gets 20 miles per gallon (MPG). You can purchase 100 gallons of gasoline per month at the current price of $2.50 per gallon. Demand Schedule Price Quantity Commuting Errands Mp Social Activities Vacations $2.50 97.5 Drive Alone (700 miles) Small Trips as Needed (550 miles) Trips to City (350 miles) Out-of-State (350 miles) $3.00 Current price: $3.00/gallon Car Pool (425 miles) 2x per week (300 miles) Trips to Local Park (120 miles) In-State (200 miles) Add to schedule Previous $3.50 Public Transportation (60 miles) Next 1 Trip per Week (150 miles) Stay in Neighborhood (40 miles) > Stay-cation (50 miles) $4.00 QUANTITY 35 27.5 17.5 17.5 97.5 gallons Keynote $4.50 COST $105.00 $82.50 $52.50 $52.50 $292.50 of $250
Document 1: Analyzing Primary Source "The satisfaction of every man's need for food up to the point where his life is thereby assured has the full importance of the maintenance of his life. Consumption exceeding the amount, again up to a certain point, has the importance of preserving his health [that is, his continuing well-being]. Consumption extending beyond even this point has merely the importance-as observation shows-of a progressively weaker pleasure, until it finally reaches a certain limit at which satisfaction of the need for food is so complete that every further intake of food contributes neither to the maintenance of life nor to the preservaion of health-nor does it even give pleasure to the consumer, becoming first a matter of indifference to him, eventually a cause of pain, a danger to a... a... health, and finally a danger to life itself. Similar observations can be made with respect to the more of less complete satisfaction of all other human needs." -Carl Menger,…
Task 2 - Below is a hypothetical demand and supply for apartments. Answer the following questions below using as basis the schedule given: Number of Apts. Number of Apts. Supplied/Month Rent/Month (Php) Demanded/Month 1 120,000 200 100,000 20,000 400 80,000 40,000 600 60,000 60,000 800 40,000 80,000 1000 20,000 100,000 1200 120,000 1. Draw the demand and supply curves for apartments using the schedule above. 2. What is the equilibrium rent per month? At this rent, what is the number of apartments demanded and supplied per month? 3. At P400 rent per month what will be the demand and supply of apartments? Will there be a surplus or shortage of supply? Explain your answer. 4. At 800 rent per month what will be the demand and supply of apartments? Will there be a surplus or shortage of supply? Explain your answer.
MICROECONOMICS Questions 3 ( ALL OF IT IS ONE QUESTION!!!) For article 3 write the number of the graph that best describes what happened. Fill in only the appropriate boxes in the chart for article 3 and be sure and indicate if it is an increase or a decrease. For the graph use an arrow to indicate an increase or a decrease. Make sure you fill in the graph PLEASE Leave it blank if there is no change Masks (Now). The easing Covid-19 pandemic is expected to reduce demand for medical masks this year, joining a group of companies that have forecast a decline in business from Covid-19 prevention. Masks became a billion-dollar business for the St. Paul, Minn., manufacturer starting in 2020, when the virus’s rapid spread sent consumers and healthcare workers looking to secure facial coverings to try to avoid infection. Now, as the latest U.S. surge caused by the Omicron variant fades, 3M said they are seeing slowing mask sales. WHICH GRAPH BEST FITS THE ARTICLE. Graph # Graph…
Read the following text and complete the sentences below with the correct answers. New York’s ‘real’ Little Italy By Danielle Oteri A It’s a dark winter evening on Arthur Street in the Bronx, one of New York City’s five neighbourhoods. Shops are closing. But as shopkeepers turn off lights and pull down metal grates, the windows of Mario’s restaurant glow yellow. Inside you can see old paintings of Italy’s most famous places, from the Blue Grotto to the Leaning Tower of Pisa. “Some customers have told me they don’t like the paintings,” says owner Joe Migliucci. Joe is 80, but he doesn’t look a day older than 50. He’s Mario’s son, and the paintings were made by his uncle, Ciro. He looks at them lovingly. “They say they’re too dark—too old-fashioned. But this is our history.” B Mario’s is the oldest restaurant in one of the oldest Italian neighbourhoods in the city. New Yorkers know Arthur Street as the city’s ‘real’ Little Italy, where more than twenty Italian shops and restaurants have…
Read over these resources for writing good introductions and conclusions. t, revise the introduction and conclusion using what you've learned. But remember--you may NOT use the internet to find information. Use your own experience and knowledge. For this,write a few sentences about how you used the resources to revise your draft. Introductions and Conclusions--LARC : https://www.grammarly.com/blog/start-an-essay/ Introductions from Grammarly : https://www.grammarly.com/blog/start-an-essay/ Conclusions from Grammarly : https://www.grammarly.com/blog/how-to-write-a-conclusion/?gclid=Cj0KCQjwkt6aBhDKARIsAAyeLJ23T6pYsFTrmPFi6_R-EKRAFxRNyoXR9RujMH573K3WFks_fwGChdAaAmOHEALw_wcB&gclsrc=aw.ds Working part-time at my local Dairy Queen has given me firsthand experience of the challenges associated with a $9 /hour wage. Despite putting in 36 hours (about 1 and a half days) weekly, the paycheck hovers around $250-$260, highlighting a stark economic reality. This scenario underscores the…
Question 9: _____ refers to the satisfaction gained through consumption while _____ refers to the amount of worth a consumer attributes to a good or service. A Scale, wants B Influence, costs C Utility, Value