February 28, 2023


The rapid growth in franchising during the last three decades can be explained in large part by the mutual benefits the franchising partners receive. The franchiser […]
February 28, 2023

Theories of market economics

Compare and contrast the following theories of market economics: laissez-faire, Keynesian, and supply-side. Which of these theories, if any, best represents how our government fashions the […]
February 28, 2023

law of marginal returns or the law of increasing costs”.

Another important law in economics is the “law of marginal returns or the law of increasing costs”. Discuss in terms of your study in this course, […]
February 28, 2023

The price elasticity of demand

Suppose the price elasticity of demand for cocaine is -0.5. What will happen to the equilibrium price, quantity, and total revenue from cocaine sales if the […]
February 28, 2023

Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure well-being of a nation and its citizens’ […]
February 28, 2023

Principles of Microeconomics

Prepare and submit a 4 – 6 page paper that identifies and discusses the three (3) most important insights you gained during Principles of Microeconomics; the […]
February 28, 2023

How price acts as a signal in the marketplace

Describe in 300 words how price acts as a signal in the marketplace to buyers and sellers.
February 28, 2023


Describe equilibrium three ways: in words, with symbols, and as a labelled graph.
February 28, 2023

Creating a market system

https://www.npr.org/2020/07/15/891488686/summer-school-2-markets-pickles Listen this 31 minutes podcast and answer the questions. No need to use formal words. 1. Explain how the food banks improved efficiency by creating […]
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