Category: Microeconomics

I can also try and send the text book if needed.

Assignment:

• Are you impacted by minimum wage either directly or indirectly? Explain. Provide as many personal examples/details as possible.
• Do you support increase in minimum wage? Why or why not? Remember to analyze this from the perspective of our economic theory.
• How has the minimum wage increase impacted different demographic groups, including marginalized communities? What steps can be taken to ensure equitable benefits from wage increases? Discuss the trade-offs between the short-term economic adjustments businesses faced due to the areas minimum wage increase and the long-term benefits for workers. How can these trade-offs be managed to achieve sustainable outcomes?

Grading Rubric

See grading rubric guidelines.

• Answer should be 250-350 words
• You must use at least 5 vocabulary from chapter 17 (list included). Please make the vocabulary words easy to find by using bold.
• No citations are needed.

1. How would philosopher Robert Almeder respond to the question,” Are profits the only business of business”? Respond in a five-paragraph essay. Use the articles provided via Canvas as reference material.

The instructions are below. In case something isn’t clear please let me know and thank you.

Short Paper # 1 – The Microeconomics of the Minimum Wage

Short Paper # 1 is due at the end of Week # 5 at 9 pm, with a grace period until 11:59 pm).

Papers submitted after 9 pm and up to and including 11:59 pm on the due date are late but

NOT penalized. Any paper submitted after the grace period is late and penalized at the rate

of one letter grade per day late (or any portion thereof). Blackboard is the official

timekeeper. After 3 days, any paper not submitted is graded as zero.

The paper must use at least three disciplinary sources but not necessarily peer-reviewed

sources. Students may use their textbook as a source, but it will NOT count as one of the

three required sources. Wikipedia, other pedias, and videos are not disciplinary sources.

Short Paper # 1 must include at least one graph included in the body of the paper (though

you may use more), a proper cover page, a references page, table of contents and abstract,

have proper APA format throughout the paper (proper margins, proper fonts, page

numbers, proper citations), and must be the equivalent of 4 written pages of text using APA

properly formatted writing. The cover page, references page, any appendices, table of

contents, abstract, and graphs larger than 1/3 of 1 page do not count toward the 4 pages of

written text. The paper will automatically be evaluated for originality by Blackboard

SafeAssign. You will find it helpful to review Prof. Battistas handout Writing in Economics

using APA and Visual Aids: Some Helpful Hints.

Students may find the textbook helpful in applying concepts from their knowledge of

chapter 3 (supply and demand, consumer surplus, producer surplus, deadweight loss, and

price floors), chapter 4 (labor markets), and chapter 5 (elasticity of demand, determinants

of elasticity, price floors)

Short paper # 1 is worth 100 points and assesses Pathways SLOs 1-5, and Gateway LOs A-

D.

The Minimum Wage has existed as a legal entity in the United States for over 80 years.

There is a thorough and passionate debate about the impacts the minimum wage has on

employers, employees, compensation, costs, unemployment, and efficiency, to name just

a few. Noting what has been mentioned above, write a paper in which you explore the

economic benefits and economic costs (the pros and cons) of the minimum wage in the

USA. As always, it is not an option to opt out and say there are no benefits or there are no

costs your job is to explore the issues. At the end of your paper, you may offer your own

opinion of what you think of all this.

Please note:

1. Each short paper needs to have at least one graph embedded into the body of the paper. You may use more than one. Including a graph at the end of the paper or in the appendix is not embedding it into the body of the paper. Graphs that are less than 1/3 of 1 page count as written text; larger do not. Pages with only visuals on them do not count as written text.

2. Each short paper needs to have 4 written pages of text, using 12 points in your font. The cover page, table of contents, abstract, references section, and visual aids that are 1/3 of one page or more do not count as written text.

3. Short Papers are to be double spaced, with 4 pages of written text at a minimum (single spaced papers and/or papers will small print will be penalized 7.5%). Papers may be no longer than 6 pages of written text using 12 points in your font, anything beyond that will be penalized at 10% per page or any portion thereof.

Writing in Economics using APA and Visual Aids: Some Helpful Hints.

I. Good writing must follow the required APA format

1. Requires a cover page, table of contents, an abstract, bibliography, page numbers, headers,

proper margins and proper fonts.

The cover page, table of contents, abstract, and bibliography are all stand-alone pages and do

NOT count as written text.

Page numbers begin with the cover page as page 1 and are listed in the headers of each page

Citations are made internally within the body of the paper. Citations are NOT just for quotations

but are also for data you are using and information, ideas, theories, etc. that are someone

elses, even when you are paraphrasing those ideas.

Do not confuse items. Your Bibliography is different than your citations and your headers are

different than your headings. If you think these are the same thing, then please re-read # 1

above.

Quotations should be used when a quote is powerful and helps to make a central point.

Stringing together quotes is NOT your writing but IS someone elses. Stringing together quotes

provides very little indication of what you know, even though you may be following proper APA

format. Paraphrasing important ideas (i.e., putting them in your own words) makes your

explanation more powerful and is a greater indicator of your knowledge and understanding.

Any visual aids that are included need to follow proper format (see II below).

Proofread your paper. Spell check only catches misspelled words not improper words (from and

form are both spelled correctly, but which did you mean to use?)

5. 6. 7. 8. II.Visual aids that are included in your paper need:

1. 2. 3. To enhance the explanatory power of your paper.

To be properly and accurately constructed, which means:

a. b. Each aid is properly numbered and titled and included in the table of contents.

Each axis is clearly labeled with the variable it is measuring and the units of measurement of

that variable. Each axis is clearly, accurately and properly numbered.

c. The source for your visual aid is listed at the bottom of the visual aid and needs to fully

follow APA bibliographic reference.

d. e. f. If a key or legend is required, it needs to be clearly and accurately labeled.

Any curves need to be clearly and accurately labeled.

You should generally be careful color coding anything in a visual aid, unless you can assure

that all colors will be visible/legible/distinguishable, that any copies made will also be made

in color, etc.

To stand on their own. Imagine someone cut your graph right out of your paper. If it is

properly and accurately constructed, labeled appropriately, and properly cited, your reader

should be able to read your graph (figure out what is going on in it). If they have trouble

reading it, it is most likely poorly constructed.Writing in Economics using APA and Visual Aids: Some Helpful Hints. By Prof Leon Battista IHS P a g e | 2

4. 5. 6. 7. 8. To be legible. Including a visual aid that is unreadable is counterproductive.

To be relevant. Including irrelevant, unnecessary, etc. visual aids is counterproductive.

To be incorporated into the body of your paper and not simply be relegated to an appendix.

Imagine if your authors wrote the textbook that way (they wrote and then referenced graphs,

tables, etc. in the appendix.)

a. This does not mean that appendices are bad things and should not be used. They are quite

useful for listing raw data, calculations, proofs, copies of documents, etc.

To be gracefully introduced. If I include a graph in my paper (i.e., Graph # 2), then I should

gracefully introduce it As you can see in Graph # 2, or, If one refers to Graph # 2, or, You

will notice point ABC in Graph # 2. Including a visual aid without introducing it makes it seem

unimportant and has the reader questioning why you included it.

Visual aids that take up 1/3 or less of a page are generally counted as written text, while those

greater than that do not. Please take note of # 4 above as a reminder.

I just need a dialogue written out so I can act it out. it does not to be long , something Sweet and simple please.

I need a quality work done for this Micro economics work without AI otherwise it’s going to be reported.

The instructions are below. In case something isn’t clear please let me know and thank you.

An important law in economics is the Law of Diminishing Marginal Utility. Discuss what this law is and provide an example of diminishing marginal utility youve encountered recently.

Overview

An oligopoly is a market structure in which only a few sellers produce similar or identical products. Oligopolies are price setters and can collude to behave like a monopoly. In this short paper, you will demonstrate what you have learned about the pricing strategies and characteristics of oligopolistic companies.

Directions

Research the news for examples of an oligopolistic company. Using the template provided in the What to Submit section, write a short paper analyzing oligopolies and oligopolistic markets.

Specifically, address the following:

1. Introduction: Briefly describe the selected company, including what products or services they provide.
2. Pricing Strategies: Explain how oligopolistic companies determine their price. Refer to the Nash Equilibrium and game theory in your analysis.
3. Market Share: Explain how you determined that the company you researched is an oligopolistic company.

• Use a pie chart or other graph to analyze the market share of the company and its competitors. See the Supporting Materials section below for help with snipping, copying, and pasting this visual into your template as Figure 1.
• Identify the dominant firm in the oligopolistic market.

1. Conclusion: Describe how the characteristics of an oligopolistic market apply to the company you researched.

Support your claims with examples from your research or from the textbook cited in APA format.

What to Submit

Using the , create your short paper and submit it for grading. Sources should be cited according to APA style.