Microeconomics

  • CASE TO BE TYPED; GRAPHS TO BE DONE ON THE COMPUTER OR BY HAND WITH A RULER!
  • NO NUMBERS NEEDED—CONCEPT!

 

Microeconomics:  Case Study

 

  1. Classification as One of the Four Basic Market Models

 

  1. Select a company from a current business periodical or where you work, and state which market model is represented by this company. Explain your reasoning using a narrative format. (USE CHART, WB PG. 425)

 

  1. State the basic industry problem and proceed to analyze using the following methodology where appropriate. Be sure to include the six (6) graphs, as indicated.

 

  1. Supply & Demand and the Price System Graphs

 

  1. What is the current demand situation – is the curve changing (use graphs)?

Graph #1: Demand Curve and any Changes (CHOOSE ONE):

  1. Curve shift and underlying causes
  2. Movement along the curve and causes

 

  1. What is the current supply situation – is the curve changing (use graphs)?

Graph #2: Supply Curve and any Changes (CHOOSE ONE):

  1. Curve shift and underlying causes
  2. Movement along the curve and causes

 

  1. Market Equilibrium (use graphs)

Graph #3: Demand & Supply Curves with Changes

  1. Surplus/shortage (where appropriate)
  2. Price ceilings and price floors (where appropriate)

 

  1. Changes in Income & Results
  2. Superior/normal or inferior goods

 

 

Micro Case Study—cont’d.

 

  1. Changes in Prices of Related Goods & Results—CHOOSE ONE:
  2. Name a Substitute, complement, or independent goods

 

III. Costs & Profits:  From the article see if the company is above target (Eco. Profit), on target (Normal profit) or below target (Loss).

 

  1. Short-run Costs (use graphs)

Graph #4: Short-run Profit or Loss (use MC, AR, ATC, and AR; shade where appropriate) WB PG. 224

 

  1. State whether firm is earning a normal or economic profit, or a loss. Illustrate on graph 4.
  2. State any productivity and pertinent cost problems and the resulting effects on graphs. . Long-run Costs (use graphs)

 

Graph #5: Long-run Profit or Loss (use MC, AR, ATC, and AR; shade where appropriate) WB PG. 224

 

  1. State whether firm is earning a normal or economic profit, or a loss. Illustrate on graph 5.

 

Graph #6: The Planning Curve: LRATC & Optimal Plant Size (Economies & Diseconomies of Scale) WB PG. 181

  1. Graph the LRATC, show economies and diseconomies of scale, and mark with an “X” the company’s position.

 

  • Conclusion/Summary

 

  1. Recapitulation of Findings

 

  1. How could the economic problem be corrected?

 

  1. Prediction for Future

 

  1. State your personal prediction for the future. Support your answer.

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