Economics Homework Help

Prepare a written response to the prompt below using a word processor. Please save your file in .doc or .docx format. Your response should be complete and your final document should be five (5) to seven (7) pages in length, and should comply with APA writing requirements. All work should be in the student’s own words, and no more than 10% of the paper may have direct quotations, cited in APA format. The focus of this paper is on critical application of module terms and concepts to the chosen business.

*Students are encouraged to visit the following website before completing writing assignments. Purdue Online Writing Lab (OWL): http://owl.english.purdue.edu

*To view the grading rubric for this assignment, click on the name of the assignment and click “View Rubric”

Assignment Prompt:

1. Choose a company to use for this paper. The company can be a U.S. firm, or a firm from any country that is easily researchable using Internet search engines.
2. Identify the name of the firm, and then provide a brief description of the goods and/or services that the firm sells.
3. Demand scenario: Research the company and describe the company’s demand scenario by reporting on:
   1. Price of the company’s goods/services
   2. Income of buyers
   3. Prices of related goods/services
   4. Tastes/preferences of consumers
4. Supply scenario: Research the company and describe the company’s supply scenario by reporting on:
   1. Number of competitors/sellers
   2. Prices of resources required to produce goods/services
   3. Taxes and subsidies
   4. Technology
5. Research a credible financial analysis, economic forecasting, or industry trade association website to determine what they are saying about the demand/prices for the goods/services in the company’s industry for the next year. How would this impact the demand scenario for the company as you reported in #3? If you were a manager in the company you are evaluating, what would that mean for your decision-making?
6. Research a credible financial analysis, economic forecasting, or industry trade association website to determine what they are saying about the supply/prices of resources needed to produce/sell the good/services in the company’s industry for the next year. How would this impact the supply scenario for the company as you reported in #4? If you were a manager in the company you are evaluating, what would that mean for your decision-making?
7. For each of the above responses, be sure to provide a detailed and well-supported response utilizing key terms and concepts associated with the module which meets the content requirements for completed work, and contains no spelling, grammatical, or punctuation errors.