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Find an article in a newspaper or news magazine (e.g. the Wall Street Journal, Business Week) dealing with an issue that makes use of supply and demand analysis. Copy the article and analyze it using the basic supply and demand framework. You must use a graph and explain it fully. What do I need to hand in? 1) A copy of the article. 2) A one-two paragraph typed summary of the article. 3) A supply and demand graph analyzing the article?s content. 4) A typed explanation of your graph. whats something easy i can get done in 40 minutes?

Best Answer

In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazines. In 2006, a sandwich cost $4 and a magazine cost $2. In 2007, a sandwich cost $5. The base year is 2006. If the inflation rate in 2007 was 16 percent, then how much did a magazine cost in 2007? a. $2.08 b. $2.32 c. $2.50 d. $2.64

Best Answer

The correct answer is a. $2.08, because you have to weight each product by the volume. In 2006, the economy is $140, which is made up of $80 worth of sandwiches (20*$4) and $60 worth of magazines (30*$2). In 2007, the inflation rate increases by 16%, or to $162.40 ($140*1.16). From this, $100 is deducted for sandwiches($20*$5), leaving $62.40 for magazines. Spread over 30 magazines, equates to $2.08/magazine.

I'm trying to get into some political magazines, but I'm having trouble picking one. I know of a few good ones: The economist, Foreign Affairs, Harper's, etc. I'm looking for the most informative and the most balanced (in terms of right/left views). Do you know of any that offer as least a biased view on world affairs as possible? Maybe I'm asking for too much here ....

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By their nature, political media are one sided, or at least, slanted in one direction. I've always enjoyed National Review and Human Events. They are both conservative and they are well written and thoughtful. Heard of William F. Buckley, Jr.? He started National Review and he is very cerebral. He is semi retired but still writes his columns and they are very enjoyable and thought provoking. I also like Forbes magazine for its mix of financial and political editorials and news.

Scietists have said we have never written a peer reviewed paper, or been in a sciene journal... That's because the world won't let us. *Question* Does this make you feel all warm and cozy inside? Om, I know what you are saying but that was not the point, the point was that we are not all dumb as you think we are. This is not the complete list.

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Yes,and it is true that they will never get airtime in the mainstream media.Nor will they write textbooks.But then the truth has always been a precious commodity to be sought out by truthseekers.It can't be found in governmental schools or the press.

If a major magazine contained a review of your restaurant saying it was the best in the Midwest, which of the following would most likely happen? A) Demand would drop B) Demand would increase C) Quantity demanded would increase D) Quantity demanded would drop

Best Answer

B. Demand would increase and C. Quantity demanded would increase. Demand - being the choice people make to Want to eat at your restaurant. If your economics prof says you can't have 2 answers, tell him to get out of the classroom and into the real world of business. The question is actually dumb.