I'm attaching another assignment that I need help on
Thank you............ Sue
Due date - Thursday Jan 7
Select a good with which you are familiar. What are the factors, as mentioned in your textbook readings, that shift the demand curve for this good? What are the factors, as mentioned in your textbook readings, that shift the supply curve for this good? How do you expect the supply and/or demand of your selected good to change in the next year? Relate your expectation to price and quantity
Due date - Sat Jan 9
CheckPoint: A New House - Readiness
Deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. Examine the decision-making process from the perspective of an economist. In your Final Project, you use these principles and other factors to make a final decision whether to buy a house.
- Consider the 10 Principles of Economics as outlined in Ch. 1 of the text.
Assume for this Assignment that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
- Submit to Individual Forum by Day 6 a 250-350 word response addressing the following points:
- Which of the 10 principles do you think plays a major role in your decision?
- Provide an example for each about decision-making, interaction, and the workings of the economy.
Explain how that influences the marginal benefits and marginal costs associated with the decision to purchase a house