Market Equilibrium

INSTRUCTIONS: 1. Read questions carefully. Answer completely. 2. All five answers should be in one Word document. 3. Write your name at the top of the document. 4. Submit the document through Canvas.   (25 pts) 1. Economics is the study of how economic units make choices. In the context of this definition, explain how you would spend/invest $500,000, which you just inherited. The $500,000 would be used for only the one alternative chosen. You are thinking of the following four alternatives:   • Purchase a new condominium in Hawaii as a vacation home. • Invest in a relatively safe mutual fund, which typically averages a return of 10%. • Take three friends on a month long vacation around the world. • Donate the $500,000 to your favorite charity.   Make sure that your answer addresses the five factors to be considered when making a decision/choice. (5 pts each for the five factors)             (25 pts) 2. You are getting ready to go shopping at the Apple store for an Apple Pencil. Explainthe following concepts in the context of shopping for the Pencil at the Apple store.    a) What would cause a change in the quantity demanded? What would cause a change in the demand for the Pencil? (6 pts) b) Discuss the Pencil in the context of “inferior” good and “normal” good.      (3 pts) c) Discuss the Pencil in the context of “complementary” good and “substitute” good. (3 pts) d) Discuss the Pencil in the context of the price elasticity of demand.      (5 pts) e) Discuss the Pencil in the context of market equilibrium. (4 pts) f) Discuss the Pencil in the context of a change in supply. (4 pts)       (20 pts) 3. Answer the following questions with regard to the public sector:    a) Explain and provide an example of a public good. (4 pts) b) Explain and provide an example of a positive externality and a negative externality. (4 pts) c) Explain and provide an example of a common property rights. (4 pts) d) Explain and indicate the amount of the United States’ Federal Budget       Deficit. (4 pts) e) Explain and indicate the amount of the United States’ National Debt. (4 pts)     (20 pts) 4. In the context of our class discussions, explain the following: a) how the level of wealth could be determined for a country. Indicate the three metrics discussed in class. Be sure to include why the metrics are appropriate. (5 pts) b) explain which resources or factors contribute to the level of wealth for a            ? ?      country. (15 pts)     (10 pts) 5. In class on Thursday, November 19th, we watched an MSNBC video, featuring NYU                  Professor Scott Galloway. In the video, Professor Galloway was asked about whether                 or not stimulus money should have been given to businesses or individuals.     a) What was his opinion and what was the basis of that opinion? (5 pts) b) What is your opinion as to whom the stimulus money should have been distributed? (5 pts)

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
Market Equilibrium
Get a 15% Discount on this Paper
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyCoursebay
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
Always perfect!!! Don is the best!
Customer 452453, July 27th, 2021
Exploring Gender in Science, Technology, and Mathematics
Very good work
Customer 452769, July 2nd, 2022
Social Work and Human Services
Great Work !!!
Customer 452587, November 9th, 2021
Accounting
Thanks for your support
Customer 452701, February 3rd, 2022
Other
GOOD
Customer 452813, July 5th, 2022
Other
AWESOME
Customer 452813, June 25th, 2022
Nursing
Always perfect! Thank you!!!
Customer 452453, April 15th, 2021
Nursing
Everything was done perfectly. Thank you.
Customer 452707, June 15th, 2022
Other
OK
Customer 452813, July 3rd, 2022
Nursing
A-1 service every single time!!!
Customer 452453, July 27th, 2021
Nursing
Awesome work!!!!!!
Customer 452453, March 24th, 2021
Nursing
excellent service! Not a beat missed!
Customer 452453, October 17th, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
NEW

Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now