Unit 1 Micro Assignment Example | Topics and Well Written Essays - 500 words

Unit 1 Micro - Assignment Example This will occur in any sector of the economy, ranging from rent controlled houses, to basic needs supplies, and to luxurious human wants. For the duration of President Bush administration, the administration had levied price floors, which market analysts claimed were below the floor. In contrast, they did not produce price ceilings. As the economy operates, price floors alone have the propensity of gratifying the wealthy societal members, and captivating from the poor the petite they have, and at times, taking from the poor what they do not basically have to give (Mankiw 2011). Imposing price ceilings may create shortages, because it may discourage production, because manufacturers won’t be in a position to determine the profit margin they require from given products. It’s evident that price ceilings and price floors are inter-linked. For government efficient intervention in the economy, it should formulate a plan to impose both price ceilings and floors concurrently. By doing so, both the consumers and producers will be affected, but in a weighted manner such that the general societal members, especially those with low income reaps the benefits. Government involvement in the economy is way too far. Its fascination with safeguarding health, security and convenience has complicated the workings of the economy. For instance, the directive from government to have all pools in community centers and hotels fortified with lifts to guarantee easy access for the incapacitated has hiked the costs of these lifts to $8,000 to $20,000. This is not good for business, and has predisposed some community centers and hotels to close their pools completely. In another case, New York Mayor Michael Bloomberg has endeavored to ban the sale of soft drinks in servings with a capacity over 16 iotas. He proposes to levy the ban within all city eateries, and in other formations such as movie theatres and sports arenas.

Week 4 class discussions Essay Example | Topics and Well Written Essays - 500 words

Week 4 class discussions - Essay Example You can then figure out how that point moves based on different decisions (say, price point). I like it because it’s a very easily understood concept, and can be easily visualixed and internalixed for decision making purposes. I do agree to the post of the student regarding breakeven analysis. As the student has written the post in his own words, therefore, he has not able to represent the exact concept of the breakeven analysis technique. I think I will choose Breakeven Analysis.   It is a technique used by accountants and management.   It determines the point which revenue equals the costs that are associated with receiving revenue.   Break-even analysis analyzes the costs of the sales.   If something costs $50 to produce a widget and the fixed costs are $5000.   The break-even point will be: From what I have read in the book, and from what I have learned in previous classes, the difference between a procedure and a function is the fact that a function will return a value while a procedure does not. In my previous classes, we just called them all functions. If I am missing some finer point of the difference during my discussion on them, Professor, please let me know. A procedure is a piece of code that will, when called, execute a piece of code without returning and values back to the place where it was called from. A procedure may, or may not take any parameters. Example of procedure prototypes (are they called that as a function is?) would be: A function on the other hand would return a value when it is done executing its code back to where it is called from. What we have been writing on every piece of code so far is an example of a function: The above post is well organized description of difference between the â€Å"Procedure† and â€Å"Functions†. The student has clear concept and sound knowledge regarding the topic. The student has discussed the topic with simple and high-quality explanation of the