Home » I need to write a paper on the following and have completed by 8pm EST 10/26/18. I can upload the textbook if needed: Short Essay Assignment :

I need to write a paper on the following and have completed by 8pm EST 10/26/18. I can upload the textbook if needed: Short Essay Assignment :

I need to write a paper on the following and have completed by 8pm EST 10/26/18. I can upload the textbook if needed:

Short Essay Assignment: In a 2 to 3 page short critical economic thinking essay of a minimum of 400 words and a maximum of 600 words (penalties applied if below the minimum or above the maximum based on how close to the minimum or maximum is involved), thoughtfully respond to the questions or directives below based on the provided scenarios (do not include the scenarios or questions/directives in your essay).

First Scenario: For most business firms that sells a particular good on the market, a decision has to be made from time-to-time to either raise the price of the good, lower the price of the good, or keep the price of the good unchanged.

Based only on the concept of demand elasticity:

  1. When would you recommend raising the price of the good? Explain why.
  2. When would you recommend lowering the price of the good? Explain why.
  3. When would you recommend keeping the price of the good unchanged? Explain why.

Second Scenario: Having become a “master of elasticity” due in large part to taking a course in microeconomics from world famous Indiana Tech University, you are hired as a consultant to a firm that is currently considering raising the price of its product in the hopes of earning a higher profit. Reviewing the firm’s books and the overall market for the product, you have calculated that the price elasticity of demand for the firm’s product is -1.05. 

Based on your calculation:

  A. What advice will you give regarding the proposed price increase, and how will

      you explain your advice so the firm’s leadership understands the rationale of

      your advice?

Third Scenario: The government has decided to increase the basic business tax of all firms by 5%. Once again, you are hired as a consultant to a firm, but this firm cannot pass along the cost of the tax increase to its customers by way of a price increase of its product because most customers will significantly reduce their purchases. 

Based on what you have learned in your study of microeconomics:

  A. Set forth and describe 2 general courses of action (that could be applied to any firm) you

      believe would be helpful to the firm in cutting costs to help absorb the tax increase and not

      suffer any net losses.

Specific Paper Requirements:

1.  2 to 3 pages in length consisting of a minimum of 400 words and a maximum of 600 words in the body of the essay. The Title Page and References Page do not count in meeting the word requirement.

2.  Must have a Title Page that includes:

  a. Title of Paper

  b. Student Name

  c. Institution Name (use: Indiana Tech University)

  d. Date Submitted

3.  Since the paper is very short, Do Not include an Abstract or Author’s Note, etc., at the beginning of the paper. 

4.  The entire paper (includes the Title Page and References Page) must be written and formatted according to APA style. See the APA section under the Course Syllabus tab for access to the APA style manual and sample papers. The Purdue Owl Sample paper is the best one to use along with the manual to assist your formatting efforts.

5.  In addition to the textbook, a minimum of 2 other scholarly resources must be used and properly cited per APA style in both the body of the paper and the References page.







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10