Microeconomics Essays (Examples)

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Microeconomics
The most common way of deciding between these two options is through capital budgeting. If the two decisions are mutually exclusive, a net present value analysis will determine which of these options is better for the store in the long run. This type of analysis involves calculating the incremental cash flows that derive from the decision, and then discounting them back to the present day. The up front cash flows should also be included in the calculation. Between two mutually exclusive options, the one with the higher NPV -- as long as it is positive -- is the option that should be selected.

However, in the course of conducting such a calculation, it will become apparent that these two tactics solve different problems. The confusion probably lies in the fact that the root issue is the same. If increasing capacity is the solution (and both of these options increase capacity), then….

Microeconomics
The class Principles Microeconomics. text book Principles Microeconomics N. Gregory Mankiw. paper answer questions. Final Project Following a description final project ECO-112. The project parts, answered complete project.

Principles of microeconomics: Products used in daily life

Product 1: A Starbucks latte

Product description and usage

The Starbucks latte is a coffee beverage made with espresso and steamed milk. On the company website it is described as "the original coffeehouse classic. And like most classics, part of its appeal comes from its simplicity. A caffe latte is simply a shot or two of bold, tasty espresso with fresh, sweet steamed milk over it. Some prefer to add syrup or extra espresso to the recipe. Some maintain that it is entirely perfect as is" (Caffe latte, 2012, Starbucks). Starbucks lattes can be consumed 'to go' or drank in Starbucks stores, which often have the advantage for students and commuters of having free Wi-Fi. Although it may….

Microeconomics
The ServiceMaster Company is concerned with the provision of a wide range of services to not only residential but commercial customers as well. Mainly, its services include but are not limited to facility management services, commercial cleaning as well as restoration services. In this text, I describe the type of market ServiceMaster operates in as well as the competition the company faces; if any. I also make submissions on how I think the company can increase its market power.

The Type of Market in Which ServiceMaster Operates

ServiceMaster operates in a monopolistically competitive marketplace based on a careful examination of the specific characteristics of the company as well as the marketplace it operates in. ittenberg & Tregarthen (2009) define monopolistic competition as a situation where we have a large number of firms producing products which are similar but which are in one way or the other differentiated. Further, they note that in….

Microeconomics
Service Master Pro-is a Company that concerns itself with the provision of a wide variety of services to both firms and residences. The company's flagship brands include but are not limited to TruGreen, AmeriSpec as well as Terminix.

International operations

Currently, Service Master has operations in 14 countries through its vast network of more than 4000 locations. Through its convenient franchise arrangements, the company has continued to expand throughout the world within a relatively short period of time. Though the company's headquarters remain in the U.S.A., ServiceMaster is present (through franchise and company-owned locations) in countries including but not limited to Malaysia, Lebanon, Saudi Arabia, Japan, Spain etc.

The possibilities for further expansion in regard to ServiceMaster seem endless. This assertion is essentially based on the Company's strategy for expansion where it seeks to develop through the issuance of master licenses. This arrangement allows the license owners to not only develop but also….

Microeconomics
Internet service providers in the country are faced with some serious challenges when it comes to microeconomic distribution of resources. They have to consistently provide value-added services in order to be able to gain more customers and retain the existing ones. There are some trade-offs involved when it comes to how big an area the service should cover, who the service should be given to and how to expand or produce their service. "Microeconomics emphasizes the trade-offs inherent in solving allocation problems. The act of allocating resources of necessity involves all people who act as producers or as consumers, who benefit by trading with other people, and whose actions affect, for good or for ill, the quality of life." [1] In our areas, it is Cox Communication that is very popular with residents for Internet service. Along with Internet, they also provide television cable and telephone services. Most people purchase….

Microeconomics: Differentiating Between Market Structures in an Organization
Microeconomics

Electronics Industry

The electronics industry has become one of the largest and fastest growing industries which generate billions of dollars every year. The major products of this industry include personal computers, laptops, mobile phones, televisions, digital cameras, music players, telephones, speakers, recording media, and all types of accessories for these products. The operations, performance, and profitability of the participants of electronics industry is affected by a large number of market forces like technological advancements, competitive pressures, consumer behavior, governmental policies, and economic situations of the target countries.

Sony Electronics Corporation

Sony is one of the top market leaders in the electronics industry of the world. It manufactures, promotes, and sells a large variety of electronics and technological products at very competitive prices. The Sony products are recognized all over the world for their quality, reliability, and a real value for the customers' money. The success of….

Microeconomics Final Project: Product Analysis
This text will largely concern itself with two products most of us use in our daily lives. Amongst other things, the text will in addition to describing the products also highlight the various factors that influence the demand and supply of the said products. Further, the products' available substitutes as well as complements will be identified. Later on, the long-term prospects of both products will be analyzed.

Product Description

The products I chose to use for this analysis are GlaxoSmithKline's Aquafresh toothpaste and Hewlett Packard's personal computers. Aquafresh is a toothpaste brand manufactured by GlaxoSmithKline. The same is available in several varieties including but not limited to Aquafresh Ultimate and Aquafresh Triple Protection. Apart form the toothpaste, GlaxoSmithKline manufactures a wide range of other products (mostly pharmaceutical). On the other hand, HP's personal computers include general-purpose computers of varying capabilities, sizes as well as prices. In addition to….


There are four types, or causes, of market failure. Monopolies exist where a single buyer or seller is able to exert significant influence over prices or output. To minimize such market failures, antitrust regulations are implemented. In recent years, Microsoft has been accused of violating antitrust regulations and thus being a monopoly. The accusation is that Microsoft, as a seller, is able to control the market place, thus reducing competition and creating a market failure.

pecifically, the decision of United tates v. Microsoft, issued on April 3, 2000, called the company an "abusive monopoly." The suit arose out of the merging of Microsoft and Internet Explorer (created when the company bought out Netscape). The decision further required that the company split into two separate units, one for its windows-based features and one for its Internet-based features. However, part of this ruling was subsequently overturned by a federal appeals court and the….

Microeconomics is one of those subjects that I knew little about before I started. In the course of studying it, I came to appreciate the value it has, not only for describing elements of how the world works, but for the way I could apply it to my daily life. By the end of the course, I could see the decisions that I was making in microeconomic terms; this actually helped me to make better decisions. I am glad that I was able to take this course and gain this knowledge about decision-making processes.
The economics of how we make our micro-level decisions is a fascinating study. Normally we think of GDP and other macroeconomic subjects as economics, so it is interesting to see the link between microeconomics, macro and the real world decisions we always make. This unique element of economic study takes the familiar economic concept of opportunity cost….

Microeconomics Across the orld
Comparing the Economies of Two Countries with Regard to Pricing Structures

ith notable exceptions, such as Cuba and North Korea, most of the major global economic powers have within their national microeconomic or internal frameworks, some forms or a semblance of a competitive, capitalist economies. In other words, individual economic actors such as firms compete for the monetary confidence of consumers within particular industries, rather than having such behavior regulated by the government. As such, the pricing of capitalist-style micro economies are also competitively structured. Pricing within a capitalist system is based upon consumer demand and the desire of suppliers to meet that demand at a state of equilibrium determined by the market. But although this may be the ideal Adam Smith formulation of capitalism in terms of pricing, no nation and no series of markets operates according to such principles in a pure fashion.

The U.S. financial system….

In the modern world access to resources is affected by, for example, credit ratings (access to capital), unequal access to higher education (access to knowledge), legal considerations (unequal access to legal services) and unequal access to many other key inputs. This is in part caused by increases in complexity of both the inputs themselves and of the systems by which we derive access to those inputs.
The sixth characteristic of perfect competition is the lack of externalities in production or consumption. Any externality can upset the competitive balance. Perfect competition represents a situation where buyers and sellers bargain directly; externalities are influencers on this process and therefore by definition interfere with the condition of perfect competition. Changes in communication, education, transportation and political structures have resulted in significant influence of externalities in most market situations in the world today.

Perfect competition is rare in this world. Modern corporations are built on….

This case does not directly illustrate this, because productivity increased 5%. If in the next quarter that productivity gain shrinks, that would demonstrate more clearly the law of diminishing marginal productivity. This is because, for example, if the worker is already working 49 hours in a week, if another hour is added the worker will be less productive in that 50th hour than he/she was in the 49th hour.
Labor and productivity are not related to marginal utility. Marginal utility reflects the additional benefit of an additional unit of spending, where spending refers to consumption. The concept is similar to productivity, because that is spending by business on labor, but productivity is related to dollar value output, whereas utility is related to happiness and other personal benefits. The concepts are similar, but they are not the same and increased labor spending is therefore not related to marginal utility.

The case makes….

Microeconomics esearch
Microeconomic esearch

Over the last several years, real estate prices have been going through periods of tremendous volatility. This is because the marketplace has shifted and there is a change in the underlying levels of demand. To fully understand what is taking place requires carefully examining an article from the New York Times. During this process, there will be a focus on: the utility derived from a specific product, the changes that occurred with demand, shifts in supply and if it is elastic / inelastic. These variables will provide specific insights which are showing the underlying strengths, weaknesses and potential causes impacting the markets. It is at this point, when greater amounts of clarity will be provided highlighting the long-term effects of these transformations.

Consider the utility derived from a product or service mentioned in the article.

The main utility derived from the product is the need for consumers to purchase and….

Microeconomics
Supply has an undeniable impact upon price. When supply goes down, price goes up. In this instance, a rapid decrease in supply has led to an increase in the price of lettuce. Unlike producers of other goods and services, farmers cannot always fine-tune their supply according to market demand, because of the impact of the weather upon their ability to produce. Farmers had already planted less lettuce, presumably based upon demand patterns from the year before. Yet demand levels for agricultural products from year-to-year are difficult to predict. For example, when the weather is warmer, people tend to eat more lettuce, even in the winter. Conversely, a scare about the safety of a particular type of produce, like spinach, can cause a rapid downturn in demand.

To make up for the decrease in supply due to a harsh cold snap and still ensure that their input costs are covered, farmers must….

Microeconomics Before Referencing
Microeconomics Questions

hat market structure exists for countries that are suppliers of oil in the global economy and how this is helping to cause high oil prices?

The supply of oil is largely regulated by OPEC, a cartel or oligopoly of suppliers. "The producers' cartel OPEC accounts for about half of the world's crude oil exports and attempts to keep prices roughly where it wants them by trimming or lifting supplies to the market" ("hy are oil prices so high," 2004, BBC News). The OPEC cartel is characterized by almost all of the major economic elements of an oligopoly, including interdependence of the member countries, in which each oligopolistic nation carefully monitors the activities of other nations, to keep costs down. There is rigid control over prices, to keep prices up, as in a perfectly competitive market that is not advantageous to sellers, more independent competitors are likely to match….

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4 Pages
Essay

Economics

Microeconomics the Most Common Way of Deciding

Words: 1270
Length: 4 Pages
Type: Essay

Microeconomics The most common way of deciding between these two options is through capital budgeting. If the two decisions are mutually exclusive, a net present value analysis will determine which…

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4 Pages
Essay

Agriculture

Microeconomics the Class Principles Microeconomics Text Book

Words: 1552
Length: 4 Pages
Type: Essay

Microeconomics The class Principles Microeconomics. text book Principles Microeconomics N. Gregory Mankiw. paper answer questions. Final Project Following a description final project ECO-112. The project parts, answered complete project. Principles of…

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2 Pages
Essay

Economics

Microeconomics the Servicemaster Company Is Concerned With

Words: 733
Length: 2 Pages
Type: Essay

Microeconomics The ServiceMaster Company is concerned with the provision of a wide range of services to not only residential but commercial customers as well. Mainly, its services include but are…

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2 Pages
Research Paper

Business

Microeconomics Service Master Pro-Is a Company That

Words: 963
Length: 2 Pages
Type: Research Paper

Microeconomics Service Master Pro-is a Company that concerns itself with the provision of a wide variety of services to both firms and residences. The company's flagship brands include but are…

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1 Pages
Term Paper

Economics

Microeconomics Internet Service Providers in the Country

Words: 433
Length: 1 Pages
Type: Term Paper

Microeconomics Internet service providers in the country are faced with some serious challenges when it comes to microeconomic distribution of resources. They have to consistently provide value-added services in order…

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4 Pages
Essay

Business - Advertising

Microeconomics Differentiating Between Market Structures in an

Words: 1210
Length: 4 Pages
Type: Essay

Microeconomics: Differentiating Between Market Structures in an Organization Microeconomics Electronics Industry The electronics industry has become one of the largest and fastest growing industries which generate billions of dollars every year. The…

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5 Pages
Essay

Economics

Microeconomics Final Project Product Analysis This Text

Words: 1670
Length: 5 Pages
Type: Essay

Microeconomics Final Project: Product Analysis This text will largely concern itself with two products most of us use in our daily lives. Amongst other things, the text will in addition…

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3 Pages
Term Paper

Economics

Microeconomics Is a Branch of

Words: 917
Length: 3 Pages
Type: Term Paper

There are four types, or causes, of market failure. Monopolies exist where a single buyer or seller is able to exert significant influence over prices or output. To minimize…

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2 Pages
Essay

Economics

Microeconomics Is One of Those Subjects That

Words: 634
Length: 2 Pages
Type: Essay

Microeconomics is one of those subjects that I knew little about before I started. In the course of studying it, I came to appreciate the value it has, not…

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5 Pages
Term Paper

Economics

Microeconomics Across the World Comparing the Economies

Words: 1511
Length: 5 Pages
Type: Term Paper

Microeconomics Across the orld Comparing the Economies of Two Countries with Regard to Pricing Structures ith notable exceptions, such as Cuba and North Korea, most of the major global economic powers…

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3 Pages
Essay

Economics

Microeconomics Perfect Competition Is a

Words: 914
Length: 3 Pages
Type: Essay

In the modern world access to resources is affected by, for example, credit ratings (access to capital), unequal access to higher education (access to knowledge), legal considerations (unequal…

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3 Pages
Essay

Economics

Microeconomics the Japanese Are Rationalizing

Words: 984
Length: 3 Pages
Type: Essay

This case does not directly illustrate this, because productivity increased 5%. If in the next quarter that productivity gain shrinks, that would demonstrate more clearly the law of…

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2 Pages
Essay

Economics

Microeconomics Research Microeconomic Research Over the Last

Words: 846
Length: 2 Pages
Type: Essay

Microeconomics esearch Microeconomic esearch Over the last several years, real estate prices have been going through periods of tremendous volatility. This is because the marketplace has shifted and there is a…

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5 Pages
Essay

Sports - Drugs

Microeconomics Supply Has an Undeniable Impact Upon

Words: 1555
Length: 5 Pages
Type: Essay

Microeconomics Supply has an undeniable impact upon price. When supply goes down, price goes up. In this instance, a rapid decrease in supply has led to an increase in the…

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2 Pages
Term Paper

Economics

Microeconomics Before Referencing Microeconomics Questions What Market

Words: 928
Length: 2 Pages
Type: Term Paper

Microeconomics Before Referencing Microeconomics Questions hat market structure exists for countries that are suppliers of oil in the global economy and how this is helping to cause high oil prices? The supply…

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