Category: Economics

You will need to create a power point presentation or google slides based on 5 (five) of the below news
articles and then answer the following questions to help demonstrate your understanding of supply and
demand.
Directions:
Step #1 will be to read the articles related to supply and demand which are linked below for of these.
Step #2 will be to fill out the chart below
Step #3 will be to create a graph based on the chart that demonstrates a shift of either, supply, demand,
or no shift and correctly label the graph.
**Please refer to my example at the bottom of this page**
ARTICLES
1. Chili peppers, coffee, wine: How the climate crisis is causing food shortages
Article: https://www.theguardian.com/environment/2022/jun/28/climate-crisis-food-shortages
2. Drought and demand from Arby’s creates a brisket shortage; the article also mentions the
increase in the popularity of brisket.
Article: cbsnews.com/news/brisket-shortage-has-texas-barbecue-lovers-facing-rising-costs/
3. There is an oversupply of oil from increased North American and Saudi Arabian production.
Article: businesstoday.intoday.in/story/oil-prices-brent-crude-extends-loss-on-supply-glut-
jan14/1/214565.html
4. The microchip shortage explained.
Article: https://www.usatoday.com/story/tech/2021/04/02/chip-shortage-car-prices-tech-
items/4849838001/
5. Movie ticket prices continue to increase.
Article: https://247wallst.com/media/2021/03/29/this-is-the-price-of-a-movie-ticket-in-the-
past-25-years/
6. Piano stores close down as fewer young people are taking up the instrument. The article also
mentions that technology has improved so that pianos last longer.
Article: lehighvalleylive.com/music/index.ssf/2015/01/piano_stores_closing_sales_plu.html
7. Consumers become more health conscious and reduce their consumption of donuts.
Article: newsmax.com/health/Health-News/sugary-processed
foodspastries/2014/12/29/id/615359/
8. The increase in Mexican immigrants and an increase in popularity for Mexican cuisine has
resulted in greater consumption of tortilla chips.
Article: cnn.com/2015/01/21/living/feat-tortilla-chip-history-tailgating-eatocracy/
9. As the American populations is aging, fast food consumption is falling.
Article: today.com/health/hold-fries-were-eating-less-fast-food-study-says-1C8463926
10. Avocados become America’s favorite fruit.
Article: https://www.washingtonpost.com/news/wonk/wp/2015/01/22/the-sudden-rise-of-the-
avocado-americas-new-favorite-fruit/
11. Hyundai’s car sales are affected by lower gas prices.
Article: autonews.com/article/20141202/RETAIL01/312029993/hyundai-falls-4-as-small-
carstumble
12. Dry weather has decreased Ghana’s cocoa production by 22% from last year.
Article: money.cnn.com/2015/06/23/investing/chocolate-cocoa-prices-go-up/
Sample Chart to Fill in (You may want to copy this into your power point/google slides)
What
Changed?
Demand Supply Curve Shift Equilibrium
Price and
Quantity
Example:
Chicken Market
Article Link: https://www.eatthis.com/news-worst-grocery-shortages/
What
Changed?
Demand Supply Curve Shift Equilibrium
Price and
Quantity
Supply No change
(other things
equal)
Decreased Supply to left Equilibrium
price rises and
the
Equilibrium

The assignment will be from 10 AM EDT/New York Time on June 21 to 11:15 AM, so 1 hour 15 minutes. Ideally, I would need help via WHatspp/Telegram where youwould answer my questions.

The CEO of a 400-bed hospital has              scheduled a board of directors meeting to discuss the current financial situation of     the hospital and steps that need to be      done to correct some current problems     The CFO needs to send each board          member an explanation of the financial     statements that they will be discussing     You are the Director of Finance and he      has asked you to put together a memo,     explaining each statement. Do the              following:
Provide a copy of the most common four statements used within your hospital and what information is              available in each.
Make sure you explain each main       components/section of each statement.
NOTE: You can develop your own set of statements or research and pull healthcare financial statements online.

***NO AI ACCEPTED***
Topic One: Market Structures
Many economists believe the strict definition of perfect competition does not exist in the real world. Yet, the market equilibrium in this market is claimed to be efficient, and all other markets (monopoly, oligopoly and monopolistic competition) that are more realistic, are evaluated in terms of their distance from the equilibrium in a perfect competitive market. 
Would you be in favor of having only very competitive firms in your town? Try to explain the pros and cons of it with examples. 
Topic Two: Oligopoly
Chip makers (Qualcomm and Intel, for instance) and Smart Phone manufacturers (Apple and Samsung, for instance) belong to two oligopoly markets. However, these markets are connected because smart phones cannot work without chips. In 2017 we have seen a complex battle over patents and how much license fees should be between Apple and Qualcomm, the largest players in each market. They were fighting with lawsuits in the US, UK and China. Apple ended the litigation with Qualcomm in 2019 and agreed to buy Qualcomm Snapdragon chips because Intel-Apple were not able to develop 5G chips, Samsung and Wawei already have it, and Apple found itself cornered without 5G chips.  
However, the discussion of license fee models is still relevant. Read this Reuters’ article from 2017 about the license fee model supported by Qualcomm, Nokia and Ericsson, and the license fee model that Apple, Google, Mercedes, and VW would like to have:
https://www.reuters.com/article/legal-uk-eu-technology-patents/apple-faces-down-qualcomm-ericsson-over-eu-patent-fees-idUSKCN1C71EO
1. Show with an example how these two license fee models are different.
2. As a consumer of final products and not chips, what model favors you? Why? 
Topic Three: News and Microeconomics
This week we focused on four different types of markets:  perfect competitive markets,  monopoly, oligopoly and monopolistic competition.
To start this topic,  a student should give a link of a very recent business news article or journal article. Add a provocative comment/question for others in your group to continue the discussion, and build the empirical evidence needed for your project. 

E4: SECURITY BREACHES: COMPARE & CONTRAST
INSTRUCTIONS:
Investigate the following security breaches (please explore other web sources as needed, these links are just to get you started):
1. Colonial Pipeline: https://www.bloomberg.com/news/articles/2021-06-04/hackers-breached-colonial-pipeline-using-compromised-passwordLinks to an external site.
2. SolarWinds/Government: https://www.scientificamerican.com/article/giant-u-s-computer-security-breach-exploited-very-common-software/Links to an external site.
3. Equifax: https://www.csoonline.com/article/3444488/equifax-data-breach-faq-what-happened-who-was-affected-what-was-the-impact.htmlLinks to an external site.
4. Target: https://www.bankinfosecurity.com/target-breach-what-happened-a-6312Links to an external site.
REQUIRED:
Write a short analysis of these security breaches.
Compare (what did they have in common?) and contrast (how were they different?) how the breaches occurred and the damage that was done (estimated cost?).
What advice would you give to the CEO or Board of Directors of each company?
Please input your response to Canvas.

According to information gathered from the USA Census Bureau website, in 2021 the official poverty rate was estimated at 11.6% of families in the United States of America. That is, some 37.9 million people were estimated to be poor. Suppose someone came up with the idea of asking the government to produce more money: this new money would be distributed to families living in poverty.
The person who came up with the “brilliant idea” asks you a series of questions:
Which government institution can create the most money?
What tools does the Fed have to regulate money creation in the economy? What is the long-run impact of a larger money supply on inflation?
What can be the impact of that money creation on the exchange rate?
Support your answer using the Quantitative Theory of Money formula M V=P Q; to analyze the effect of money creation on the exchange rate use the Purchasing Power Parity Model, Exchange Rate of Currency X to Y = Cost of good in currency X / Cost of good in currency Y.
Both models consider that the prices of goods and foreign currencies, are monetary phenomena, determined by the quantity of money in circulation.
Do you consider that the “brilliant” idea is good? Why yes or why no?
This week’s topic is intended to give you the opportunity to explore the impact of monetary policy on the economy; specifically on the general price level and the nominal exchange rate. You will need to demonstrate an understanding of the Fed’s tools to regulate monetary creation.
You can investigate in the US and overseas based on these sources:
https://www.imf.org/en/Data
https://www.oecd-ilibrary.org/economics/data/oecd-national-accounts-statistics_na-data-en
https://www.bls.gov/data/
http://www.census.gov/library/publications/2014/demo/p60-249.html

Using data from Figure 1 between January and November 2022, give and justify:
one conclusion about gold transactions by the central banks of gold producing nations; and,
one conclusion about the price of gold. 
Refer to the Assessment section to consider which assessment points are examined in this question. 
50-100 words

For this assignment, you will apply the concepts of supply and demand analysis concepts to a specific good or service you use in your everyday life. In your paper, include a discussion of  the following as subheadings in your paper: 
Describe the good. What are its main characteristics?
What are some of the substitutes and complements for the good?
Indicate whether the good is a normal good or an inferior good. Explain the reasons for your choice.
Identify and describe the main nonprice factors that could cause an increase or decrease in the demand for the good or service.
Identity and describe the main nonprice factors that could cause an increase or decrease in the supply of the good or service.
Explain how a change in demand affects the equilibrium price and quantity of the good or service.
Explain how a change in supply affects the equilibrium price and quantity of the good or service.
Based on your research of the good or service, what do you expect to happen to the demand for it over the next five years?
Based on your research of the good or service, what do you expect to happen to the supply of the good or service over the next five years?
Complete your essay using Microsoft Word and use the proper APA format. The essay must be at least 1500 words. Note that your work will automatically be submitted to Turnitin for plagiarism review.
Feel free to choose any good or service you feel comfortable writing about as long as it isn’t something specific to a gender or shouldn’t be written about in a college course. Also do not use AI. My professor has already stated that will be looked for as well. 

Economists normally assume that the goal of a firm is to
maximize its total revenue.
maximize its profit.
minimize its explicit costs.
minimize its total cost.
If Darren sells 300 glasses of iced tea at $0.50 each, his total revenues are
$150.
$299.5
$300.
$600.
Trevor’s Tire Company produced and sold 500 tires. The average cost of production per tire was $50. Each tire sold for a price of $65. Trevor’s Tire Company’s total costs are
$7,500.
$25,000.
$32,500.
$67,000.
Ryan is a wheat farmer, but he also spends part of his day teaching guitar lessons. Due to the popularity of his local country western band, Farmer Ryan has more students requesting lessons than he has time for if he is to also maintain his farming business. Farmer Ryan charges $25 an hour for his guitar lessons. One spring day, he spends 10 hours in his fields planting $130 worth of seeds on his farm. He expects that the seeds he planted will yield $300 worth of wheat.
What is the total opportunity cost (Economics Cost) of the day that Farmer Ryan spent in the field planting wheat?
$130
$250
$300
$380
Ryan is a wheat farmer, but he also spends part of his day teaching guitar lessons. Due to the popularity of his local country western band, Farmer Ryan has more students requesting lessons than he has time for if he is to also maintain his farming business. Farmer Ryan charges $25 an hour for his guitar lessons. One spring day, he spends 10 hours in his fields planting $130 worth of seeds on his farm. He expects that the seeds he planted will yield $300 worth of wheat.
Ryan’s accountant would calculate the total cost of his farming to equal
$25.
$130.
$300.
$380.
Ryan is a wheat farmer, but he also spends part of his day teaching guitar lessons. Due to the popularity of his local country western band, Farmer Ryan has more students requesting lessons than he has time for if he is to also maintain his farming business. Farmer Ryan charges $25 an hour for his guitar lessons. One spring day, he spends 10 hours in his fields planting $130 worth of seeds on his farm. He expects that the seeds he planted will yield $300 worth of wheat.
Ryan’s accounting profit equals
$-80.
$130.
$170.
$260.
Ryan is a wheat farmer, but he also spends part of his day teaching guitar lessons. Due to the popularity of his local country western band, Farmer Ryan has more students requesting lessons than he has time for if he is to also maintain his farming business. Farmer Ryan charges $25 an hour for his guitar lessons. One spring day, he spends 10 hours in his fields planting $130 worth of seeds on his farm. He expects that the seeds he planted will yield $300 worth of wheat.
Ryan’s economic profit equals
$-130.
$-80.
$130.
$170.
On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. He is able to produce 4,400 bushels of wheat when he hires 3 workers. Which of the following possibilities is consistent with the property of diminishing marginal product?
The farmer is able to produce 5,600 bushels of wheat when he hires 4 workers.
The farmer is able to produce 5,800 bushels of wheat when he hires 4 workers.
The farmer is able to produce 6,000 bushels of wheat when he hires 4 workers.
Any of the above could be correct.
For a construction company that builds houses, which of the following costs would be a fixed        cost?
the $50,000 per year salary paid to a construction foreman
the $30,000 per year salary paid to the company’s bookkeeper
the $10,000 per year premium paid to an insurance company
All of the above are correct.
In the long run Firm A incurs total costs of $1,050 when output is 30 units and $1,200 when output is 40 units. Firm A exhibits:
diseconomies of scale because total cost is rising as output rises.
diseconomies of scale because average total cost is rising as output rises.
economies of scale because total cost is rising as output rises.
economies of scale because average total cost is falling as output rises.

A Literature review about how Higher Education students affect the economic growth in the EU. Looking at EU incoming students, outgoing students and other relevant topics to this. As recent studies as possible. Attached is word document about this topic which you can expand on.
15 references