Call us 24/7: + 1(925)399 0085

Get your paper done by an expert

No matter what kind of academic paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcer. Save more time for yourself.

WhatsApp + 1(925)399 0085
$ 10
free
  • bibliography
  • title page
  • revisions
per page
19 k happy customers
4.7 out of 5 satisfaction rate
27 writers active

Economics assignments

  • Length: 2-3 pages
  • Font: 10 point Times New Roman
  • Single Spaced

Introduction

The case write-ups involve applications of economic analysis in examining managerial problems. Intended to provide increased familiarity with key components of the course material, the write-ups will be submitted on an individual basis. For each assignment, specific questions will be provided.

http://www.washingtonpost.com/wp-dyn/content/article/2011/01/20/AR2011012006347.html?hpid=artslot

 

Pre-work

Read:
  • Rosenwald, M. (2011, January 20). Borders Struggles Amid Rapid Changes in Book Sales. The Washington Post.

Assignment Instructions

As you know, Borders, the bookstore company, filed for bankruptcy and subsequently went through the liquidation process in 2011. The accompanying article, “Borders Struggles Amid Rapid Changes in Book Sales,” provides information on some of the factors that led up to the bankruptcy. For our purposes, an important element involves changes in the demand for books and the services provided by traditional retailers of books. The material provides the basis for a case study dealing with key aspects of the economics of demand.
Please provide brief responses to the following questions:
1a. Describe (a) the idea of a demand function and (b) the use by managers of demand functions.
1b. From the perspective of bookstore owners and managers, identify the main variables that should be included in a demand function for books sold through traditional bookstores. Specifically, identify the dependent variable and three (3) independent variables. For each independent variable, indicate the effect you expect it to have on the dependent variable.
2. From the factors you identified, select one you believe may be particularly important. Include this variable and the average price of books sold through bookstores as the only two (2) independent variables in a streamlined version of the demand function.
2a. In a graph that depicts the supply and demand curves for books bought at bookstores, illustrate the impact of a change in the value of the variable you selected on the price of books. (You may submit the graph using MS Word tools or a handwritten scan submitted to the dropbox below).
2b. Briefly explain the relationships depicted, distinguishing between a change in demand and a change in quantity demanded.
3a. Describe what the price elasticity of demand measures.
3b. Discuss how managers of bookstores can use estimates of the price elasticity of demand in making decisions.
4. Based on your analysis, judge whether a more effective analysis of demand might have enabled Borders to avoid the ultimate outcome. Briefly explain the basis of your judgment.

Our guarantees

Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Our Homework Writing Disciplines

With a highly diverse team in almost all academic fields including: