1. What is opportunity cost and what does it mean? 2. What are the eight guideposts to economic thinking and how to incentives fit into thinking like…

1. What is opportunity cost and what does it mean?

2. What are the eight guideposts to economic thinking and how to incentives fit into thinking like an economist?

3. What role does scarcity play in economic thought? Does Bill Gates face the problem of scarcity?

4. What is comparative advantage?

5. What is the definition of economic efficiency and how does it relate to marginal costs and benefits?

6. What role do property rights play in economy?

7. How does investment improve our production possibilities?

8. What happens to the demand for a complementary good if the price of its complement goes up?

9. What is the law of demand?

10. What is the invisible hand and how does it work?

11. How does a price ceiling impact a market?

12. How does a price floor impact a market?

13. Who bears the burden of a tax and how does elasticity relate to this question?

14. What is a positive externality and how does the market respond when there are positive externalities? Does the government need to subsidize these porducts with positive externalities?

15. What is a negative externality and what should the government do to deal with that sort of problem?

16. How does the free rider effect impact the availability of a public good?

17. How does the law of marginal diminishing utility impact the utility you receive from each additional unit of consumption of a given item?

18. How do you calculate elasticity?

19. What role does profit play in motivating entrepreneurs?

20. What should a price taker do if marginal revenue exceeds marginal costs?

21. Are price takers more efficient than price searchers?

22. What role do barriers to entry have with regards to economic profits?

23. What is the profit maximizing and loss minimizing solution for businesses not engaging in price discrimination?

24.What is the profit maximizing rule for a monopolist?

25. How does collusion impact the performance of an oligopolistically structured enterprise?

26. Why do economists oppose tariffs?

27. What factor creates a natural monopoly?

28. How would you expect an attractive and prestigious job to be compensated and what would an economist tell you?

29. Does everybody win with free trade?

30. What does a competitive capital market do to the value of resources?

31. What is the opportunity cost of attending an economics class?

32. What is the definition of economic efficiency?

33. How does price relate to marginal value and total value? What is the paradox of diamonds and water?

34. What is the law of diminishing returns and how does it relate to costs?

35. What are the characteristics of a monopolistically competitive firm?

36.What are the characteristics of a monopoly?

37. What are the characteristics of an oligopoly?

38. Work with a supply and demand chart to explain a supply shock.

39. Work with a supply and demand chart to explain a preference change.

40. If you produce pollution, how would economist evaluate your price and output?

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:
The price is based on these factors:
Academic level
Number of pages
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