ALL your writing answers that you have to Type out for economics IN ORDER

Write the claim you will make in your essay about the influence of the free enterprise system. Remember to make your claim precise and knowledgeable. Write it in one or two complete sentences.

A free enterprise system provided Oprah Winfrey with the opportunity to develop a compelling product.

Write three to five sentences explaining which levels of production provide Alonzo's Cycling with the maximum profit.

Based on the data in the graphs, Alonzo's Cycling should produce five or six bikes if it wants to maximize its profits. This is because the sixth bike is the point at which the marginal revenue matches the marginal cost. The company will make $90 in profit with the sale of its fifth or sixth bike each day. After that, the profit begins to fall with each sale.

Scenario:Hector runs a small graphic-design company.He has two assistants. Sasha is very good at producing computer-generated graphics, but she is not as talented at designing logos. The other assistant, Maurice, is skilled at designing logos with pen and paper, but is not very efficient when working on the computer.In the past, Hector had Sasha and Maurice each perform some design and some computer work. Now, Hector is wondering whether this is a wise use of his resources. Based on the information in the scenario, describe the absolute and comparative advantage held by each worker in Hector's office. Give your answer in the form of at least three sentences.

Each employee holds an absolute and comparative advantage in a category of work. Sasha has an absolute and comparative advantage when doing computer design because she is more efficient, and she is not giving up much of an opportunity cost. For the same reasons, Maurice has an absolute and comparative advantage when doing logo design.

To begin your plan, you will need to know about your competition and decide how you will attempt to compete. Your competitor is called Create Your Own Yogurt, and it uses artificial flavors that customers use to create their own yogurt. In the lesson, you learned about three techniques businesses can use to compete with one another. In two to three sentences, explain how you will address each area of competition to help make your business successful against this competitor.

First, I will focus on lowering prices. I will do this by making sure my costs to run the business are low, and I will start by running the shop myself. I will create a better product by using healthier, better ingredients to attract more customers. Finally, I will be innovative by offering ingredients that aren't sold anywhere else.

Scenario:Hector runs a small graphic-design company.He has two assistants. Sasha is very good at producing computer-generated graphics, but she is not as talented at designing logos. The other assistant, Maurice, is skilled at designing logos with pen and paper, but is not very efficient when working on the computer.In the past, Hector had Sasha and Maurice each perform some design and some computer work. Now, Hector is wondering whether this is a wise use of his resources. How should Hector use specialization to solve his problem? Based on the scenario, recommend which employee should work on which task.

Hector should have his employees specialize so that they can make use of their advantages. Because Sasha has an absolute and comparative advantage when doing computer work, this should be her task. This means that Maurice should spend his time on logo design. By making these changes, Hector will help his employees work more efficiently.

John is selling his pizza for $6 per slice in an area of high demand. However, customers are not buying his pizza. Using what you learned about the principles of equilibrium, write three to four sentences about how John could solve his problem.

John's prices are too high. This is causing excess supply: John's workers can make many pizzas, but at these high prices, consumers are only demanding a small amount. If the price per slice decreased, consumers would demand more of John's pizza. This means that business would move toward a point of equilibrium, where supply matches demand at the appropriate price.

Decide whom you will write your essay about. Include a statement of why your subject is a significant entrepreneur and why you have chosen this individual.

Mary Kay Ash created a business out of her home and grew it into an international corporation.

Write a paragraph about your business, how you plan to compete with the other local frozen-yogurt shop, and why your action plan will work. Use what you have learned in this lesson to support your plan.

Not having an additional employee will help keep my production costs down and allow me to sell my product for less. I will also ensure that all consumers know the ingredients of my yogurt. My strategies for competing with the other frozen-yogurt shop will work because lower prices will attract consumers.

Supply and demand are powerful forces in a free market. In four to five sentences, explain some of the factors that cause shifts in supply and demand and what the effects of these shifts are.

Shifts in supply and demand occur when the amount of goods available increases or decreases, or when the demand for a particular good increases or decreases. Shifts in supply can happen when consumers change their spending habits, when competitors produce similar goods, or when the availability of labor or resources changes. Shifts in demand occur when the price changes or when the number of people trying to buy the good changes. It can also happen when people's tastes change.

Think about Standard Oil's business practices. In three to four sentences, explain why there was such a strong negative feeling toward the Standard Oil monopoly. Use details from the lesson and the reading.

Standard oil was taken advantage of the incentives that were being given to growing businesses at the time. The company was awesome and share in that competition cannot continue by loving prices so much that other producers could not continue to make a profit. With little competition remaining in the market, consumers would be forced to pay the price is set for standard oil.

Think about what happened to Standard Oil. Write a paragraph in which you explain whether or not you agree with the actions taken by the government to interfere with the growth of Standard Oil as a monopoly. Use details from the lesson and the reading.

The United States government was correct in interfering with the growth of Standard Oil. Not only was the company taking advantage of existing situations, but eventually it would have controlled the oil market entirely. If Standard Oil was able to gain control of the market for a long period of time, consumers could have had to pay extremely high prices for the oil that they needed, limiting their purchase of other goods. Or Sample response: The United States government should not have interfered with the growth of Standard Oil. Because the company had managed to reduce production costs, it was able to offer very low prices to consumers. This benefited many Americans. Without the company's production benefits, citizens were not able to take advantage of this infrastructure.

The next step in your plan is to identify which government regulations will impact your business. In two to three sentences, describe what those regulations are and how you plan to meet them.

We must both pass serious health inspections made by the local government and advertise what we use to make our yogurt.