TERM PAPER Supply and Demand
Current Affairs Writing Assignment
You are required to complete a formal write-up of one current affair, regarding supply or demand of a
good or service during coronavirus. Total write-up should be at least 2 type written pages (12 point font,
APA Style- including in-text citation and a reference page) and include a supply and demand diagram
showing how the events that happened affected the equilibrium price and quantity in for your selected
good or a service.
Your submission is made out of three parts. In the first part, you should indicate the title of the articles
that you have read on the subject (must be from one of the sources below), authors names, names of
the publication (if it is an internet site, provide the URL), dates of publications. In the first part of the
term paper, you need to provide a summary of your two or more selected news articles.
In the second part of the term paper, provide a critique of the arti

Answer the following questions in your text and submit the answers and any supporting spreadsheets to the Week Four Dropbox.

Application Question 3, page 194

3- The following facts characterize the furniture industry in the United States:39

39 James R. Hagerty and Robert Berner, Ever Wondered Why Furniture Shopping Can Be Such a Pain? Wall Street Journal, November 2, 1998; Dan Morse, U.S. Furniture Makers Seek Tariffs on Chinese Imports, Wall Street Journal, November 3, 2003; and Mark H. Drayse, Globalization and Regional Change in the U.S. Furniture Industry, Growth and Change 39 (June 2008): 25282.

a- The industry has been very fragmented, so that few companies have the financial backing to make heavy investments in new technology and equipment.

b- In 1998, only three U.S. furniture manufacturers had annual sales exceeding $1 billion. These firms accounted for only 20 percent of the market share, with the remainder split among 1,000 other manufactur

Production and costs are the primary building components on the supply side of the market.  From the previous week we know that consumer behavior forms the basis for the demand curves. This week we will look at how production behavior by firms is behind the supply curve. A critical part of production decisions is profit. Many people think of profit in the terms of accounting profit, i.e., the difference between revenues from sales and the cost of production. However, when managers make production decisions they also look at economic profit that, unlike accounting profit, takes into consideration the costs of foregoing an investment in another activity (referred to as opportunity costs).

1 - Provide an example (preferably from an actual business operation) that demonstrates the differences in economic profit and accounting profit. You should include opportunity costs (explicit and implicit) in the comparison. Using your actual profit calculations explain why there is a diff

Answer the following questions in your text and submit the answers and any supporting spreadsheets to the Week Three Dropbox.

Application Question 3, page 141

The following discussion describes a new inventory system used by J. C. Penney39:

39 Gabriel Kahn, Made to Measure: Invisible Supplier Has Penneys Shirts All Buttoned Up, Wall Street Journal, September 11, 2003.

In an industry where the goal is rapid turnaround of merchandise, J.C. Penney stores now hold almost no extra inventory of house-brand shirts. Less than a decade ago, Penney would have stored thousands of them in warehouses across the U.S., tying up capital and slowly going out of style.

The entire program is designed and operated by TAL Apparel Ltd., a closely held Hong Kong shirt maker. TAL collects point-of-sale data for Penneys shirts directly from its stores in North America for analysis through a computer model it designed. The Hong Kong company then decides how many shirts to make

Answer the following questions in your text and submit the answers and any supporting spreadsheets to the Week Two Dropbox. Your responses must show depth and breadth of the applied economic concepts.

Application Question 6, page 85

Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall? Illustrate your answer with examples from this chapter.


Application Question 3, page  112

Explain what types of biases arise in the different approaches to understanding consumer demand and behavior.

Kliff, Sarah. All-payer rate setting: Americas back-door to single-payer? Vox, February 9, 2015. Available at https://www.vox.com/2015/2/9/8001173/all-payer-rate-setting

In which ways does all-payer rate setting achieve the same goals as a single-payer system and in which ways does it not achieve the same goals? Think about your answer in terms of the health policy trilemma and the health care policy choices we discussed in class.

What is the existing evidence on whether all-payer rate setting is successful in achieving the above-mentioned goals?

Kliff, Sarah. All-payer rate setting: Americas back-door to single-payer? Vox, February 9, 2015. Available at https://www.vox.com/2015/2/9/8001173/all-payer-rate-setting

In which ways does all-payer rate setting achieve the same goals as a single-payer system and in which ways does it not achieve the same goals? Think about your answer in terms of the health policy trilemma and the health care policy choices we discussed in class.

What is the existing evidence on whether all-payer rate setting is successful in achieving the above-mentioned goals?

Kliff, Sarah. All-payer rate setting: Americas back-door to single-payer? Vox, February 9, 2015. Available at https://www.vox.com/2015/2/9/8001173/all-payer-rate-setting

In which ways does all-payer rate setting achieve the same goals as a single-payer system and in which ways does it not achieve the same goals? Think about your answer in terms of the health policy trilemma and the health care policy choices we discussed in class.
What is the existing evidence on whether all-payer rate setting is successful in achieving the above-mentioned goals?

Kliff, Sarah. All-payer rate setting: Americas back-door to single-payer? Vox, February 9, 2015. Available at https://www.vox.com/2015/2/9/8001173/all-payer-rate-setting

In which ways does all-payer rate setting achieve the same goals as a single-payer system and in which ways does it not achieve the same goals? Think about your answer in terms of the health policy trilemma and the health care policy choices we discussed in class.
What is the existing evidence on whether all-payer rate setting is successful in achieving the above-mentioned goals?

Kliff, Sarah. All-payer rate setting: Americas back-door to single-payer? Vox, February 9, 2015. Available at https://www.vox.com/2015/2/9/8001173/all-payer-rate-setting

In which ways does all-payer rate setting achieve the same goals as a single-payer system and in which ways does it not achieve the same goals? Think about your answer in terms of the health policy trilemma and the health care policy choices we discussed in class.
What is the existing evidence on whether all-payer rate setting is successful in achieving the above-mentioned goals?