Microeconomics

All throughout my high school career, I have heard numerous accounts of the “college experience” from friends, teachers and family members, yet I found myself wondering how being in college would actually feel. Will I fit in? Will I succeed in my classes? Will I be prepared to make the big transition from high school to college? These questions, among other college-related thoughts, were constantly floating around my head throughout the short summer weeks preceding Move-in Day at Allegheny…

Khagendra Ghimirey Professor Tae-Hee Jo Intermediate Microeconomics 14th November 2017 Summary of an article “Continued Evolution of Corporate Power” by William M. Dugger A corporation is very different from other form of businesses like sole proprietorship, Partnership, or Limited Liability Company. For example, while other form of businesses have particular owner entitled to the company, corporations doesn’t have owners, rather it is formed by the shareholders. In other words, Corporation is…

Success comes in many different forms. Self-happiness, profits, and appreciation by others being just a few. True success, however, is achieved when all of these pieces come together. Reaching success is a difficult task, and W.C. Fields knows this; he says, “Even a dead fish can have direction, it takes a live fish to fight the current.” Businesses, as well, are aware of the many obstacles in the way on the path to success, however, many businesses and firms do succeed. By comparing Fields’…

Introduction What is life and how does one find happiness in this life? Some would say that life is what you make it. Others would say that being rich or having a lot of money makes you happy. Is that what life is all about? Money? Still, others say that living a life of service is one the best and most rewarding things one can do in this life. Some people call life a game…there used to be a board game called “The Game of Life”…”First you start with two thousand and a car….You could go far”…

When I first started CEGEP, I did not really know what I wanted to do for the rest of my life. Frankly, in regards to the subjects we learned at school I was uncertain about what I truly liked and disliked. Within these past two years, I have had the chance to take a lot of different classes that helped me make a decision on what I would want to pursue in University. Until the beginning, until my forth and last semester at John Abbott College, I wanted to become a psychologist. I did my first…

How much consumer surplus does he receive? At $3 she is getting an additional 3 servings, which is a surplus of 6 additional chicken nuggets. (if the chicken nuggets graph, is the individual number of nuggets, making a serving. For example: 1 serving = 1 extra chicken nugget) b. The following week, Nina and Braden are back at the restaurant again, but now the price of a serving of chicken nuggets is $4. By how much does his consumer surplus decrease compared to the previous week? At $4…

citizens living in poverty has declined from 15 percent to 9 percent, while the bulk of older Americans enjoying a higher income increased from 18 percent to 31 percent (Sightings). These demographic changes will have both macroeconomic as well as microeconomic impacts. With less people of the working age, wages will rise as employers fight to keep the small pool of labor available to them. This would also imply that the unemployment rate should decrease and be fairly low. However taxes will…

Starting college in the fall was a major transition from high school. I was at first nervous and anxious to see if college was anything like Summer Academic Institute for Leaders (S.A.I.L.S). When I go here it was a similar atmosphere. Everyone was friendly and the homework load was not as much. At first, I did not feel at home. I felt as I was in a foreign place like summer camp. I would not see my parents on the daily but have responsibilities I have to uphold. It was hard at first but after a…

In less than 40 years, China has developed from a weak economy, and an impoverished society, to the world’s second largest economy by nominal Gross Domestic Product (GDP) and the largest by purchasing power parity. With a GDP recorded in 2014 to be worth 10360.10 billion US dollars that represents 16.71% of the world’s economy, China has earned its place as a member of BRICS - Brazil, Russia, India, China and South America – a term devised by O’Neil for five of the world’s fasted and largest…

Retailing involves a set of business activities that adds value to the products and services sold to the final consumers for their personal, family or household use. My personal definition or explanation of retailing is the selling of something to earn a profit. Changes in retailing influenced my buying behavior is saving as much money as I can on certain items. Consumer decisions are influenced not only by a retailer’s actual price but also by consumer perceptions of the retailer’s price image…