Wgu Egt1 Task Essays and Term Papers

  • WGU EGT1 Task 1

    Task In this given situation a company exists in a monopolistic competition where a company sells widgets. As more widget are sold the company must offer discounts on the product in order to sell more units. The table below includes the Total Revenue and Total Cost information needed to perform...

      746 Words | 2 Pages   Marginal revenue, Marginal cost, Profit maximization, Demand

  • WGU EGT1 Task 1

     EGT1TASK 1 Western Governors University EGT1 Economics and Global Business Applications Element A1 & A2 A1. Total revenue (TR) to total cost (TC) is cost, which is calculated using total revenue minus the total cost, (TR-TC). As each unit is produced, the total...

      897 Words | 9 Pages   Oligopoly, Monopolistic competition, Production (economics), Profit maximization

  • Wgu Egt1 Task 3

    To: Senior VP of Operations From: Jessica Torres, director of Human Resources Date: May 20, 2012 Subject: Federal Act Violations for 3 cases Situation A: The Family and Medical Leave act of 1993 states, that any eligible employee can take twelve weeks of unpaid time off for a family emergency...

      550 Words | 2 Pages   Family and Medical Leave Act of 1993, Americans with Disabilities Act of 1990, Sick leave, Immediate family

  • WGU EGT1 Complete Course Task 1 4

         WGU EGT1 Complete Course Task 1 - 4 http://www.homeworkminutes.com/answer/view/40124             TASK 1  Profit maximization involves a company using a long or short ran procedure that determines the cost and productivity level, which would gain the maximum proceeds.   Profit would be equivalent...

      288 Words | 3 Pages   Demand, Marginal revenue, Monopoly, Profit maximization

  • Egt1 Task 3

    Anthony J. La Salata BS, Business Management 3/1/2012 Student I.D. #000254042 My Mentor: Nicole Sandburg Cell# 1(360)941-4062 Arlington, WA –PST A. Summarize the four major pieces of legislation collectively known as the Antitrust Laws. United States antitrust law is a collection of federal...

      1060 Words | 4 Pages   United States antitrust law, Oligopoly, Occupational safety and health, Occupational Safety and Health Administration

  • EGT1 Task 309

    Elasticity: The real stretch play. We have all heard the phrase, “Stretch your dollar”, but have you ever stopped to consider what all goes on behind the scenes in order to make this stretch occur? What rules of economics and finance play into making your hard-earned dollar stretch to its maximum...

      2915 Words | 5 Pages   Demand curve, Demand, Income elasticity of demand, Substitute good

  • Egt1 Task 1

    EGT1 Task: 309.1.1.05, 06 In business there are certain factors that have to be evaluated before a company can see if a profit has been made. To even get to the point where a profit will be made there has to be a product that is sold whether it is a tangible or an intangible product. There has...

      1130 Words | 4 Pages   Profit maximization, Marginal cost, Marginal revenue, Expense

  • EGT1 Task 2

    EGT 1 Task 2: Elasticity Jeffery S. Short #0257373 Element A: The world of business exists because of the consumer. Business owners are concerned if customers will purchase the goods they offer and how they will react to the constant changes that occur in the marketplace. If a business owner can...

      1693 Words | 3 Pages   Demand, Price elasticity of demand, Supply (economics), Demand curve

  • EGT1 Task 3

    A. There are 4 main pieces of legislation that are collectively known as the Anti-trust laws. They are the Sherman Antitrust Act, The Federal Trade commission Act, The Clayton Antitrust Act and the Celler-Kefauver Act. The Sherman Antitrust Act is legislation enacted to protect Americans against...

      838 Words | 3 Pages   Competition law, Monopoly, United States antitrust law, Sherman Antitrust Act

  • EGT1 Task 3

     A. Definition of Industrial (Economic) Regulation. Economic industrial regulation is a more traditional type of regulation in which the government is concerned with specific industries and services it provides and the prices being charged to its citizens. This is an older regulation concerned...

      4201 Words | 17 Pages   United States antitrust law, Sherman Antitrust Act, Consumer Product Safety Improvement Act, U.S. Consumer Product Safety Commission

  • Egt1 Task 1

    Marginal Analysis Economics & Global Business Applications, EGT 1, Task 1 A. Explanation of profit maximization The total revenue, TR, is the overall amount of all sources of a business’s income. It consists of total sales or profit, over a period of time. The TR can be calculated by taking...

      694 Words | 2 Pages   Marginal cost, Profit maximization, Profit (economics), Total cost

  • EGT1 Task 2

    A. Discuss elasticity of demand as it pertains to elastic, unit, and inelastic demand. Elasticity of demand is gauged by the percentage of change in demand when the price of an item varies. If the change in the quantity demanded is greater than 1 the demand is elastic. Elasticity of demand is calculated...

      932 Words | 3 Pages   Demand curve, Complementary good, Price elasticity of demand, Demand

  • Egt1 Task 4

    Stephan Everingham EGT1 Task 4 In a time of global commerce, new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries...

      2583 Words | 8 Pages   Ethics, Confucianism, Social media, Hofstede's cultural dimensions theory

  • Egt1 Task 1

    EGT1 Task 1 In this paper I am going to define a few common economic terms and explain their relationships to other economic terms. I will also explain how profit maximizing firms determine their optimal level of output and how a profit maximizing firm will react to different levels of marginal...

      406 Words | 2 Pages   Profit maximization, Marginal cost, Profit (economics), Marginal revenue

  • Egt1 Task 3

    A. Concern in the late 1800s with society’s economic well-being, public pressure and the market control by oligopolist and monopolist also known as trusts the government enacted antitrust legislation. The Sherman Act of 1890 was the first legislation aimed at declaring restraint of trade and monopolization...

      729 Words | 3 Pages   Federal Trade Commission, Occupational safety and health, Federal Energy Regulatory Commission, Oligopoly

  • EGT1 - Task 2

    EGT1 – Economics and Global Business Applications Task 2 Elasticity of demand is a measure of responsiveness to a price change of a good or service. When demand is elastic, the percentage of a price change of a product will result in a larger percentage of quantity demanded (McConnell, p 77). ...

      979 Words | 3 Pages   Price elasticity of demand, Elasticity (economics), Substitute good, Demand

  • Egt1 Task 2

    Supply and Demand Elasticity of Demand Elasticity of demand is a variation in price depending on the demand of a good or service. Items like vehicles, appliances, jewelry, and electronics will sell less at full price than they do when there is a drop in price. When producers and retailers drop the...

      1774 Words | 5 Pages   Superior good, Price elasticity of demand, Demand, Inferior good

  • EGT1 Task 2

    EGT1 Task 2 A) Elasticity of Demand pertains to the relationship of price and need of a product. If a price increases will the demand increase or decrease? When a demand is elastic, it means even a small change in price can cause a large change in the quantities consumers purchase. (McConnell, pg. 77)...

      1144 Words | 2 Pages   Substitute good, Superior good, Demand curve, Demand

  • Egt1 Task 4

    A. Cross-Cultural Differences Company X is considering expanding its business to China. However, prior to moving into a new and foreign market, Company X must understand the various cross cultural differences that are relevant to properly conducting business in China. By being more sensitive to...

      1804 Words | 6 Pages   Contract, Advertising, Bribery, Retail

  • EGT1 Task 4 China

    There are many advantages to expanding your business to China. Not only is China considered one of the largest economies in the world, it also has a vast emerging market that is still growing (Startup Overseas). Although China has embraced many Western Business ethics and practices, there are still numerous...

      2177 Words | 5 Pages   Purchasing power parity, Working time, Retail, Gross domestic product

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