ECN 2110 Principles of Microeconomics

ECN 2110 Week 3 Discussion 4 | Assignment Help | Baker CollegeSubstitution & Income EffectsHow do the substitution and income effects influence purchases? Identify a good or service, such as gasoline, breakfast cereal, shoes, or pizzas. Assume there is an overall increase in the price of the product. What happens to the quantity purchased?Avoid repetition by reading prior posts in the thread. Proceed to my next question in thread or interact

ECN 2110 Week 3 Discussion 3 | Assignment Help | Baker CollegeProduction FunctionExplain the production function with an example, graph and reference to text readings. Avoid repetition by reading prior posts in the thread. Proceed to my next question in thread or interact with a colleague with new insights, graph and a reference.Please avoid repetition and interact with colleagues by providing new insights. Research the topic before posting. I wi

ECN 2110 Week 3 Discussion 2 | Assignment Help | Baker CollegeEconomies of ScaleClass, how does diminishing marginal utility affect the number of units you purchase? Relate your observations to the shape of the demand curve.Use references including textbook. Provide substantive posts with insights, examples and facts from researching topic. Interact with colleagues by responding to their posts with new insights. Avoid repetition and respond to su

ECN 2110 Week 3 Discussion 1 | Assignment Help | Baker CollegeDiminishing Marginal Utility Class, how does diminishing marginal utility affect the number of units you purchase? Relate your observations to the shape of the demand curve. Use references including textbook. Provide substantive posts with insights, examples and facts from researching topic. Interact with colleagues by responding to their posts with new insights. Avoid repetition and

ECN 2110 Week 2 Quiz | Assignment Help | Baker CollegeModule 2 QuizQuestion 1The “law of supply” functions in labor markets; that is, a higher ___________ for labor leads to a higher quantity of labor supplied.o priceo demand o supply o quantityQuestion 2If the demand for software engineers ____________ slower than does supply, then wages of software engineers will o increases; remain constant o increases, rise o increases; fall o decreases; fall

ECN 2110 Week 2 Discussion 4 | Assignment Help | Baker CollegeLaborClass, in the 80s, Japan had the fastest growing economy. It had the second largest economy in the world. Today, it is barely hanging on to 4th place. How is this connected to Japan's labor market and immigration policy?Use textbook and YouTube as references. Review prior posts to avoid repetition. Choose subsequent questions in this thread. Posts must advance learning. Research t

ECN 2110 Week 2 Discussion 3 | Assignment Help | Baker CollegePrice ControlsWhy do economists consider price controls, including price floors (e.g., for agricultural products) and price ceilings (e.g., rent control) a bad idea?Use textbook and YouTube as references. Review prior posts to avoid repetition. Choose subsequent questions in this thread. Posts must advance learning. Research topic before composing post. Interact with colleagues. Use re

ECN 2110 Week 2 Discussion 2 | Assignment Help | Baker CollegeElasticitySelect a product or service and discuss your subjective estimate of its price elasticity of demand. Is it highly elastic or inelastic, unitary elastic, etc.? Why?Use textbook and YouTube as references. Review prior posts to avoid repetition. Choose subsequent questions in this thread. Posts must advance learning. Research topic before composing post. Interact with colleagues.

ECN 2110 Week 2 Discussion 1 | Assignment Help | Baker CollegeDemand For A Product vs Demand For LaborWhy are factors that shift the demand for a product different from the factors that shift the demand for labor? Review Chapter 4 in textbook before composing response. Review prior posts in thread to avoid repetition. Respond to subsequent questions in the thread. Interact with colleagues by responding to their posts. Use textbook as a ref

ECN 2110 Week 1 Quiz| Assignment Help | Baker CollegeModule 1A QuizQuestion 1In countries like _____________ the command economy predominates.o China and Vietnam o Cuba and North Korea o South Africa and Kenya o Germany and FranceQuestion 2In the first chapter of The Wealth of Nations, Smith introduces the idea of the __________, which means the way in which the work required to produce a good or service is divided into a number of tasks that are