Category: Micro Economics

Follow the instructions in the file and solve it at the same file, Please make sure that there is no large similarity

Upon completing your Group Assignment – Parts A and B; in a group, you will be asked to create a PowerPoint presentation of your chosen e-commerce business. Your presentation should cover all the elements that were discussed in the assignment as listed below

Discussion Prompt
Our textbook’s discussion of international trade leaves open questions about the overall benefit of globalization and trade itself.
Do you agree with the notion that international trade should be expanded as much as possible? Why or why not?
Do you believe the United States benefits from international trade more than other countries? Briefly describe why you feel that way.
In 2023, the total dollar value of U.S. exports was around $3.1 trillion and the total dollar value of U.S. imports was around $3.8 trillion. There is more information on the breakdown of exports and imports by major categories in the Annual 2023 Press Highlights from the U.S. Census Bureau, available here: https://www.census.gov/foreign-trade/statistics/highlights/AnnualPressHighlights.pdfLinks to an external site.. Pick a statistic published in the Annual 2023 Press Highlights (for example, imports of automotive vehicles, parts, and engines were the highest on record at $458.4 billion, or the 2023 deficit with South Korea was the highest on record at $51.4 billion) and describe whether you think your chosen statistic is a “good” or “bad” thing for the U.S. economy, and why.
Replies
Please reply to the posts of at least two classmates, including in each reply both a follow-up question and a point of connection with something your classmate stated in their post.
I will give you 2 class mate comments after you post the discussion the you have to reply those classmate comments

Questions
Chapter 14(0.5 points) Suppose you see a graph of the labor market in which the California state minimum wage of $16.00 per hour extends outward from the y-axis directly through the intersection of the labor demand and labor supply curves. What is the equilibrium wage in this labor market graph?
(0.5 points) The U.S. labor market has historically discriminated against a variety of groups. List two examples of groups who have faced labor market discrimination in the United States.
(0.5 points) Suppose you have never worked a job before and you are applying to work at a large, established grocery store conglomerate that operates nationwide. Briefly explain why that grocery store conglomerate might have an advantage over you during bargaining (in other words, during the negotiations for whether you end up being hired/your wage/working hours).
(0.75 points) The table below shows levels of employment (Labor), the marginal product at each of those levels, and the price at which the firm can sell output in the perfectly competitive market where it operates.Labor, marginal product, and priceLaborMarginal Product of LaborPrice of the Product ($)Value of the Marginal Product of Labor ($)
1135.50
2125.50
3105.50
475.50
545.50
605.50
Fill in the final column of the table by calculating the value of the marginal product of labor.
If the firm operates in a perfectly competitive labor market where the going market wage is $38.50, what is the firm’s profit maximizing level of employment in terms of quantity of Labor?
(0.75 points) The table below shows levels of employment (Labor), the marginal product at each of those levels, and a monopoly’s marginal revenue.Labor, marginal product, and marginal revenueLaborMarginal Product of LaborMarginal Revenue ($)Marginal Revenue Product ($)
1240.81
2200.75
3160.70
4120.67
580.65
640.64
Fill in the final column of the table by calculating the value of the marginal revenue product.
If the monopoly operates in a perfectly competitive labor market where the going market wage is $19.44, what is the firm’s profit maximizing level of employment in terms of quantity of Labor?
Chapter 15(0.25 points) In country A, the population is 339 million and 99 million people are living below the poverty line. What is the poverty rate in percentage terms, rounded to the nearest two decimal places?
(0.25 points) In country B, the population is 154 million and 44 million people are living below the poverty line. What is the poverty rate in percentage terms, rounded to the nearest two decimal places?
(0.5 points) Imagine a particular state enacts a policy granting every state resident a $1,312 per year universal basic income. No matter the income an individual earns from working, this $1,312 per year level of government support will never reduce for people who live in that state. Now suppose Millie is considering her work and leisure choices for the year. Millie earns $11.73 per hour working and can work up to 1,500 hours during the year. With the information provided, fill in the table below for Millie (for a related example, see table 15.4 in our textbook).
Work, earnings, and total incomeAmount worked (hours)Total earnings from work ($)Government support ($)Total income ($)
001,3121,312
3001,312
6001,312
9001,312
1,2001,312
1,5001,312
(0.5 points) Suppose that the table below shows the share of aggregate income received by each fifth and the top 5 percent of U.S. households in 2021 and 2022.
Income receivedYearLowest
QuintileSecond
QuintileThird
QuintileFourth
QuintileHighest
QuintileTop
5%
20213.99.114.923.248.922.1
20221.26.914.122.755.126.0
Based on the data in the table, did the U.S. income distribution become more or less unequal from 2021 to 2022? (Note: it may be helpful for you to plot the Lorenz Curve in order to visualize the answer—see section 15.4 in our textbook.)
Chapter 19(1.75 points) In Ecuador, a worker can produce a bushel of corn in 4 hours or a bag of coffee in 1 hour. In Peru, a worker can produce a bushel of corn in 2 hours or a bag of coffee in 20 hours. Use that and the information that follows to complete parts A through E below.
Production by countryCountryCorn (hours per bushel)Coffee (hours per bag)
Ecuador41
Peru220
Which country has the absolute advantage in the production of corn?
Which country has the absolute advantage in the production of coffee?
Which country has the comparative advantage in the production of corn?
Which country has the comparative advantage in the production of coffee?
Suppose that, before trade occurs, each Ecuador and Peru both have 200 worker hours and both produce the values given in the following table.
Production before specializationCountryCorn production (bushels)Coffee production (bags)
Ecuador20120
Peru505
Then, with a push toward specialization and trade, the countries redistribute their 200 worker hours and change production to the following table.
Production after specializationCountryCorn production (bushels)Coffee production (bags)
Ecuador1196
Peru901
With that information, fill in the following table.
Range of trade for benefitsEcuador’s economy, after specialization, will benefit if it:Peru’s economy, after specialization, will benefit if it:
Exports no more than _____.Imports at least _____.
Imports at least _____.Exports no more than _____.

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College of Administrative and Financial Sciences ECOM101 – E-commerce
E-commerce Project (Part B)
Second Semester 2023-2024 Submission: Thursday, May, 2nd 2024 = 15 Marks
Requirement:
This is a continuous activity for part A, keep working on the same website you have chosen in part A. In this part you are required to evaluate one of the websites below based on what you learn from this course and your perspective. The evaluation will cover the different aspects of ECommerce such as business idea, website design, marketing, security … etc. You will need to analyze the business and provide suggestions to improve the current business situation. The following questions require critical thinking to be answered successfully. The answers to these questions will drive the ways of improvement of the current e-commerce business.
1.Site Design (3 marks)
Evaluate the website design focusing on the eight most important factors in successful ecommerce site design (ease of use, ease of purchase, simple graphics … etc.). You are required to evaluate each factor.
(Discuss possible suggestions to improve the site design).
2.Business software (2 marks)
The development of an e-commerce website requires more interactive functionalities, such as the ability to respond to user input (name and address forms), capturing customer orders for goods and services, clearing credit card transactions on the fly, consolidating price and product databases, and even adjusting advertising on the screen based on user characteristics.
(Explain the different types of software used on the website to perform the current functionalities). What can be done to improve the software?
Payment and Security (3 marks) each point worths 1 mark
What are the methods of payment available in the online store? (What other methods can be added? Explain why?)
What are the technologies used on the website to secure the online transactions? (What other technologies can be added? Explain why?)
What is the current privacy policy of the online store? Outline how the information is collected and used? (What can be added to the privacy policy? Explain why?)
4.Categorize marketing and advertising strategy and method (2 marks)
Explain the current online, offline, and social media marketing strategies of the e-commerce business? (Provide photos or screenshots of your business marketing activities, What can be done to improve the marketing aspects of the business?)
5.Know your competitors (3 marks)
Choose a website of one competitor in the same industry (locally or globally) and compare it with your chosen company’s site. Indicate why the competitor’s website is better or worse than the chosen company’s website. (What can be done by learning from your competitor’s experience?)
6.Conclude your report (2 marks)
Summarize the above points and include your recommendation to improve the e-commerce business.
Guidelines for the assignment part A & B:
The answer sheet must include the following:Cover page
Make sure to include the cover page with all information required. TWO marks will be deducted if there is no cover page
This is a group project (4-5 students), which is part of your course score. It requires effort, research, and critical thinking.
You are required to choose one current business from the list.
Each website can be chosen by one group only.
Use font Times New Roman, 12 font size
Use 1.5 line spacing with adjust to all paragraphs (alignment).
Use the footer function to insert page number.
Ensure that you follow the APA style in your project and references.
The minimum number of required references is 5 references using APA style.
Your whole project report length should be between 1250 to 1600 words.
You must check the spelling and grammar mistakes before submitting the assignment.
Up to 20% of the total grade will be deducted for providing a poor structure of assignment. Structure includes these elements paper style, free of spelling and grammar mistakes, referencing and word count.
Your file should be saved as Word Doc. Follow this pattern to name the file: Your name_CRN_ECOM101_ Project_A or B.docx
Questions
Answers
College of Administrative and Financial Sciences ECOM101 – E-commerce
E-commerce Project (Presentation)
Second Semester 2023-2024 Submission: Thursday, May, 2nd 2024 = 15 Marks
Requirement:
Upon completing your Group Assignment – Parts A and B; in a group, you will be asked to create a powerpoint presentation of your chosen e-commerce business. Your presentation should cover all the elemnts that were discussed in the assignment as listed below:
Presentation must have the following format:
First slide: Cover Page
Business profile: Name of the businessand what is your business, target market, marketplace, products and services provided.
Explain the business system design. (Business objectives, system functionality, information provided).
Explain the current business e-commerce features.
Explain the business e-commerce process.
Explain the business software
Explain the payment and security of the chosen website
What is the marketing and advertising strategy?
Competitor’s analysis
Conclusion
ReferencesThere must be 10 slides in the presentation.
The slides should have a clear background design, readable font size and style with appropriate color.
The power-point presentation must answer all the above parts.
Up to 20% of the total grade will be deducted for providing a poor structure of presentation. Structure includes these elements presentation style, free of spelling and grammar mistakes and referencing.
Your file should be saved as a PowerPoint file and follow this pattern to name the file: Business Name_CRN_ECOM101_ Project_presentation_docx
Guidelines for the Presentation:
Make sure to include the cover page in the first slide.
Work with the same group members
Ensure that you follow the APA style in your references.
The minimum number of required references is 5 references using APA style.

1) Michelle wanted to buy a new car. However, she could not select a model that both suited her needs and was affordable at the same time. She finally decided to buy a Porsche when she learned that two of her colleagues had bought them, despite its price exceeding the money she had saved for her car. Explain her behavior. 2)What are the two ways by which people can help charitable causes?
3)An economics professor has devised an interesting game to test the understanding of his students. He randomly selects two students from his class and gives one of them a $50 bill. He then asks the student what percentage of the $50 she would give to her classmate. The first student can choose any percentage she wishes, while the second student can choose whether or not to accept the offer. If the second student does not accept the offer, the professor will take the bill back, but if he accepts the offer, the money will be divided in the ratio decided by the first student. (a) What is the likely outcome of this game if both students value more money to less? (b) What is the likely outcome of this game if the second student values fairness?
4)Differentiate between the two types of altruism.
5)One Sunday afternoon, your mother tells you and your brother that you can make some money by helping her wash dishes. Both of you decide to help her. Once both of you are done with the work, your mother gives you a $20 bill. She also says that you can divide the money between yourself and your brother in any proportion you want, but if your brother does not accept the amount he is being given, she will take all the money back., (a) How much money should you offer your brother if he prefers more money to less? (b) How much money should you offer your brother if you know that your brother prefers fairness to money? All work must be done to where it is able to be copied and pasted. Answers don’t have to be to long

https://qasralawani.com
College of Administrative and Financial Sciences ECOM101 – E-commerce
E-commerce Project (Part B)
Second Semester 2023-2024 Submission: Thursday, May, 2nd 2024 = 15 Marks
Requirement:
This is a continuous activity for part A, keep working on the same website you have chosen in part A. In this part you are required to evaluate one of the websites below based on what you learn from this course and your perspective. The evaluation will cover the different aspects of ECommerce such as business idea, website design, marketing, security … etc. You will need to analyze the business and provide suggestions to improve the current business situation. The following questions require critical thinking to be answered successfully. The answers to these questions will drive the ways of improvement of the current e-commerce business.
1.Site Design (3 marks)
Evaluate the website design focusing on the eight most important factors in successful ecommerce site design (ease of use, ease of purchase, simple graphics … etc.). You are required to evaluate each factor.
(Discuss possible suggestions to improve the site design).
2.Business software (2 marks)
The development of an e-commerce website requires more interactive functionalities, such as the ability to respond to user input (name and address forms), capturing customer orders for goods and services, clearing credit card transactions on the fly, consolidating price and product databases, and even adjusting advertising on the screen based on user characteristics.
(Explain the different types of software used on the website to perform the current functionalities). What can be done to improve the software?
Payment and Security (3 marks) each point worths 1 mark
What are the methods of payment available in the online store? (What other methods can be added? Explain why?)
What are the technologies used on the website to secure the online transactions? (What other technologies can be added? Explain why?)
What is the current privacy policy of the online store? Outline how the information is collected and used? (What can be added to the privacy policy? Explain why?)
4.Categorize marketing and advertising strategy and method (2 marks)
Explain the current online, offline, and social media marketing strategies of the e-commerce business? (Provide photos or screenshots of your business marketing activities, What can be done to improve the marketing aspects of the business?)
5.Know your competitors (3 marks)
Choose a website of one competitor in the same industry (locally or globally) and compare it with your chosen company’s site. Indicate why the competitor’s website is better or worse than the chosen company’s website. (What can be done by learning from your competitor’s experience?)
6.Conclude your report (2 marks)
Summarize the above points and include your recommendation to improve the e-commerce business.
Guidelines for the assignment part A & B:
The answer sheet must include the following:Cover page
Make sure to include the cover page with all information required. TWO marks will be deducted if there is no cover page
This is a group project (4-5 students), which is part of your course score. It requires effort, research, and critical thinking.
You are required to choose one current business from the list.
Each website can be chosen by one group only.
Use font Times New Roman, 12 font size
Use 1.5 line spacing with adjust to all paragraphs (alignment).
Use the footer function to insert page number.
Ensure that you follow the APA style in your project and references.
The minimum number of required references is 5 references using APA style.
Your whole project report length should be between 1250 to 1600 words.
You must check the spelling and grammar mistakes before submitting the assignment.
Up to 20% of the total grade will be deducted for providing a poor structure of assignment. Structure includes these elements paper style, free of spelling and grammar mistakes, referencing and word count.
Your file should be saved as Word Doc. Follow this pattern to name the file: Your name_CRN_ECOM101_ Project_A or B.docx
Questions
Answers
College of Administrative and Financial Sciences ECOM101 – E-commerce
E-commerce Project (Presentation)
Second Semester 2023-2024 Submission: Thursday, May, 2nd 2024 = 15 Marks
Requirement:
Upon completing your Group Assignment – Parts A and B; in a group, you will be asked to create a powerpoint presentation of your chosen e-commerce business. Your presentation should cover all the elemnts that were discussed in the assignment as listed below:
Presentation must have the following format:
First slide: Cover Page
Business profile: Name of the businessand what is your business, target market, marketplace, products and services provided.
Explain the business system design. (Business objectives, system functionality, information provided).
Explain the current business e-commerce features.
Explain the business e-commerce process.
Explain the business software
Explain the payment and security of the chosen website
What is the marketing and advertising strategy?
Competitor’s analysis
Conclusion
ReferencesThere must be 10 slides in the presentation.
The slides should have a clear background design, readable font size and style with appropriate color.
The power-point presentation must answer all the above parts.
Up to 20% of the total grade will be deducted for providing a poor structure of presentation. Structure includes these elements presentation style, free of spelling and grammar mistakes and referencing.
Your file should be saved as a PowerPoint file and follow this pattern to name the file: Business Name_CRN_ECOM101_ Project_presentation_docx
Guidelines for the Presentation:
Make sure to include the cover page in the first slide.
Work with the same group members
Ensure that you follow the APA style in your references.
The minimum number of required references is 5 references using APA style.

1) Michelle wanted to buy a new car. However, she could not select a model that both suited her needs and was affordable at the same time. She finally decided to buy a Porsche when she learned that two of her colleagues had bought them, despite its price exceeding the money she had saved for her car. Explain her behavior. 2)What are the two ways by which people can help charitable causes?
3)An economics professor has devised an interesting game to test the understanding of his students. He randomly selects two students from his class and gives one of them a $50 bill. He then asks the student what percentage of the $50 she would give to her classmate. The first student can choose any percentage she wishes, while the second student can choose whether or not to accept the offer. If the second student does not accept the offer, the professor will take the bill back, but if he accepts the offer, the money will be divided in the ratio decided by the first student. (a) What is the likely outcome of this game if both students value more money to less? (b) What is the likely outcome of this game if the second student values fairness?
4)Differentiate between the two types of altruism.
5)One Sunday afternoon, your mother tells you and your brother that you can make some money by helping her wash dishes. Both of you decide to help her. Once both of you are done with the work, your mother gives you a $20 bill. She also says that you can divide the money between yourself and your brother in any proportion you want, but if your brother does not accept the amount he is being given, she will take all the money back., (a) How much money should you offer your brother if he prefers more money to less? (b) How much money should you offer your brother if you know that your brother prefers fairness to money? All work must be done to where it is able to be copied and pasted. Answers don’t have to be to long

ECON 600 – Microeconomic Theory
Please show your work and fully annotate all graphs. Simplify your answers only to the extent that it will help you answer the problems. Explain ALL your answers, unless specified otherwise. Feel free to use a calculator.

9. Know your competitors (3 marks)
Choose a website of one competitor in the same industry (locally or globally) and compare it with
your chosen company’s site. Indicate why the competitor’s website is better or worse than the
chosen company’s website. (What can be done by learning from your competitor’s experience?)
10. Conclude your report (2 marks)
Summarize the above points and include your recommendation to improve the e-commerce
business.
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