Please with your own words !!! They donâ??t want copy paste .. WEEK 2 Read the Making the Connection

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Please with your own words !!! They don’t want copy paste ..

WEEK 2

Read the
Making the Connection short case titled In the Apple iPhone Apps Store, Easy
Entry Makes the Long Run Pretty Short in Chapter 12 of our textbook, and
also be sure to watch the video right under the Making the Connection title
(maybe a few times). Then post your first posting this week beginning to
discuss what you’ve read and watched in the video.

PERFECT COMPETITION

.mathxl.com/Student/OverviewHomework.aspx?homeworkId=371078277&back=DoAssignments.aspx”>https://www.mathxl.com/Student/OverviewHomework.aspx?homeworkId=371078277&back=DoAssignments.aspx(Easy Entry Makes
the Long Run Pretty Short )

1-what
economic concept Nicholas need to consider before venturing off and considering
to engage in an alternative business like he did?

2- Do
you think it was a good decision or bad?
Why?
Can you
site some economic reasoning you’ve learned either last week or this week to
support your claim?( Aboutishoot Ethan Nicholas
)

3-What
economic principal should one apply to aid them in their decision?

4-What
strategy might the app developers employ as things become more and more
competitive in the sector for smart phone apps?

5-So in
the competitive market — what did Apple do to distinguish themselves in
the sector?
Did it
work?
Will it
continue to work into the future?
Why —
or Why not?

WEEK 2

COSTS

.mathxl.com/Student/DoAssignments.aspx”>https://www.mathxl.com/Student/DoAssignments.aspx(Adam Smith’s Division of Labor in a Pin Factory)

Read the
Making the Connection short case titled Adam Smith’s Famous Account of the
Division of Labor in a Pin Factory in Chapter 11 of our textbook, and also
be sure to watch the video right under the Making the Connection title (maybe a
few times). Then post your first posting this week beginning to discuss what
you’ve read and watched in the video.

1-What
do you think of Adam Smith?
Remember
— your own words
Read up
on him a bit and let me know what you think — who is he — do you agree with
some of the things he brought up — why is he important?

2- Wealth of Nations (Adam Smith) Why — what
ideas did her introduce?
Can
you give me an example of how it might apply to something in your present
life?

3-Do
you agree with his assessments — yes or no?
Any
why?Can you give me an example — a modern day example in your life, which
may exhibit this?

WEEK 3
Oligopoly and Game Theory

Read
the Making the Connection short case titled With Price Collusion, More is Not
Merrier in
Chapter
14 of our textbook, and also be sure to watch the video right under the
Making the
Connection
title (maybe a few times). Then post your first posting this week beginning
to discuss
what
you’ve read and watched in the video.

https://www.mathxl.com/Student/OverviewHomework.aspx?homeworkId=371078279&back=DoAssignments.aspx

1-
What is Oligopoly and Game theory?

2–What
makes this environment different that perfect competition?

3-With
original content and original ideas – remember:
Claim
Evidence

Warrant

Also
– free to introduce ANY relevant topic that’s covered in this weeks material.

I
want to hear about real world experiences in your life and how these concepts
you’re learning
bring
new light – a new perspective.

4- With
Price Collusion, More is Not Merrier

WEEK 3

Antitrust
and Market Power

1- What is Antitrust and Market Power?

2-Talk
about companies you’ve worked for. Companies you’d like to work for. Does
this weeks material bring a new perspective?

How?,In
what way?, What’s the evidence — leading to why your claims are warranted?

3 What
are the characteristics of a Monopoly — is Comcast a monopoly?

What
is Monopoly?

Week 1

1-
What is Supply and What is demand?

2-
What is Supply and Demand elasticity?

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