“Looking Closely at Cost and Competition”

Watch this video, Revenue, Profits, and Price: Crash Course Economics #24 (https://youtu.be/UWImfFax8Ew) , to help you prepare for this week’s discussion.

Reply to the following prompts by using  a business with which you’re familiar.

• Do you think it’s easy for your selected business to enter this same industry? 
• What are some key fixed, variable, implicit, and/or opportunity costs?

 

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(MC)

“I Sit and Look Out”

Walt Whitman

I Sit and look out upon all the sorrows of the world, and upon all oppression and shame;

I hear secret convulsive sobs from young men, at anguish with themselves, remorseful after deeds done;

I see, in low life, the mother misused by her children, dying, neglected, gaunt, desperate;

I see the wife misused by her husband—I see the treacherous seducer of young women;

I mark the ranklings of jealousy and unrequited love, attempted to be hid—I see these sights on the earth;

I see the workings of battle, pestilence, tyranny—I see martyrs and prisoners;

I observe a famine at sea—I observe the sailors casting lots who shall be kill’d, to preserve the lives of the rest;

I observe the slights and degradations cast by arrogant persons upon laborers, the poor, and upon negroes, and the like;

All these—All the meanness and agony without end, I sitting, look out upon,

See, hear, and am silent.

“First they came for…”

Martin Niemöller

First they came for the Socialists, and I did not speak out-—

Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out—

Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out—

Because I was not a Jew.

Then they came for me—and there was no one left to speak for me.

Use the excerpts above to write one essay, at least two paragraphs, supporting the question below. Remember to clearly state your main point and use quotes from the text to support your response, using the proper MLAformat.

How do Niemöller’s words in “First they came for…” repeat the theme developed in “I Sit and Look Out” by Walt Whitman? (100 points)

 

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“Mattel Confronts Its Marketing Challenges”  (located in textbook appendix)

After reading, reviewing and analyzing the case study write a paper on the ethics and responsibilities of Mattel. Within your paper be sure to answer the following questions:

1.  What special obligations do children’s products manufacturers have to consumers and society?

2.  How effective has Mattel been at encouraging ethical and legal conduct by its manufacturers?

3.  What changes and additions would you make to the company’s global manufacturing principles?

4.  To what extent is Mattel responsible for issues related to its production of toys in China?

5.  How might Mattel have avoided these issues?

6.  Explore how laws have been changed or written as result of Mattel’s issues.

The requirements below must be met for your paper to be accepted and graded:

·  Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style (download an APA sample paper from the Purdue OWL here).

·  Use font size 12 and 1” margins.

·  Include cover page and reference page.

·  At least 80% of your paper must be original content/writing.

·  No more than 20% of your content/information may come from references.

·  Use an appropriate number of references to support your position, and defend your arguments. The following are examples of primary and secondary sources that may be used, and non-credible and opinion based sources that may not be used.

1.  Primary sources such as, government websites (United States Department of Labor Bureau of Labor Statistics, United States Census Bureau, The World Bank, etc.), peer reviewed and scholarly journals in EBSCOhost and Google Scholar.

2.  Secondary and credible sources such as CNN Money, The Wall Street Journal, trade journals, and publications in EBSCOhost 

3.  Non-credible and opinion based sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. should not be used.

Cite all reference material (data, dates, graphs, quotes, paraphrased statements, information, etc.) in the paper and list each source on a reference page using APA style.

 

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: Maximizing Profits in Market Structures PaperConsider competitive markets, monopolies, and oligopolies. What role does each of these play in an economy? Write a 1,050- to 1400-word paper on Market Structures and Maximizing Profits. Address the following: What are the characteristics of each market structure? How is price determined in each market structure in terms of maximizing profits?How is output determined in each market structure in terms of maximizing profits? What are the barriers to entry, if any?What role does each market structure play in the economy? Format your paper according to APA guidelines.Post your assignment as an attachment.

 

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) Match the following terms with the examples as appropriate:(Points : 4)Potential Matches:1 : a promise by the US government to repay a fixed amount at some time in the future.2 : You obtained a 5-month commercial loan. This loan loan will allow you to paid $500 in interest for four months and a final payment of interest and principal at the end of the fifth month.3 : You borrow $3,000 from your bank at 10% interest. You will make no payments for two months but will return the full amount plus interest at the end of three months.4 : You obtained a loan from your bank to buy a car. You will pay $300 per month to cover both interest and principal.Answer: Pure discount loan: Amortized Loan: Interest-only Loan: Treasury Bill

Match the following terms with the examples as appropriate:(Points : 4)Potential Matches:1 : a promise by the US government to repay a fixed amount at some time in the future.2 : You obtained a…

 

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