26 Aug 3 assignments Public Health Law & Micro Economics

*NO copy, paste, or Plagiarism* Include references*

*Cover and reference page NOT needed*

*Answer all questions, stay on topic*

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 Due December 2

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Law vs. Ethics in Public Health Affairs

Suppose you are advisor to the health officer in a medium-sized city in upstate New York that is experiencing an increase in syphilis and a rise in HIV infection among a particular population—men who have sex with men. The health officer is concerned that some of the fraternity and sorority houses at a local college in the health district have a higher incidence of both infections. Given the recent surge in infections, she believes that the affected fraternity and sorority houses should be closed and has asked whether a government official has the legal authority to do so; and, if so, whether this would be an ethically justifiable decision.

Do you believe public health officials should have the authority to close sorority houses?

If so, what should they do in this scenario and why?

Submission Details:

· Submit your response in a 3page Microsoft Word document.

(PART 2 )Micro-Economics

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*Cover and reference page NOT needed*

*Answer all questions, stay on topic*

Week 2 Discussion

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 Due December 1

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You are given the following scenarios for consideration.

Scenario 2: Assume that the government imposed a price floor on wages (minimum wage) in order to make sure that workers can earn a living wage. Is this a price floor? What are the economic implications of this action in the labor markets? Use graphs as needed and explain your answers thoroughly.

· Scenario 4: If the government doubled the tax on gasoline, would the tax revenues increase or decrease? Why? Use graphs as needed and explain your answers thoroughly.

Deliverables:

· Using the scenarios above, prepare a 2page Microsoft Word document that addresses 2 of the above scenarios and meets APA standards.

· Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.

(PART 3)

*NO copy, paste, or Plagiarism* Include references*

*Cover and reference page NOT needed* No Formatting*

*Answer all questions, stay on topic*

Week 2 Project

*Assignment 2 Files*

Required:

Prepare an analysis by answering the above-noted questions. Your analysis will consist of two documents as follows:

1. Microsoft Word document: Questions 1-5, 7-10 .(1 ½ pages only)

2. Microsoft Excel worksheet: Question 6

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 Due December 3

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Elasticity and Its Application

Over the last year your boss has noticed that it would be useful for your firm to understand how consumers behave when variables in the market change and how these changes affect the total revenue for your product. You have been asked to do an analysis for your product, Good A, by addressing the following questions and reporting the results to your boss in a formal paper.

Questions:

1. Define the price elasticity of demand? What information does it provide? How is it calculated?

2. Define the income elasticity of demand? What information does it provide? How is it calculated?

3. Define the cross-price elasticity of demand? What information does it provide? How is it calculated?

4. What is total revenue? How is it calculated?

5. Define elastic, inelastic, and unitary elasticity means. How are these related to total revenue? Explain your answers.

6. With respect to the price elasticity of demand, construct a graph using the data in Figure1. Illustrate the ranges on the demand curve that indicate elastic, inelastic, and unitary elasticity. Explain your answers. Enter non-numerical responses in the same worksheet using textboxes.

7. Calculate the total revenue for each level of demand and post into the table, Figure 1. (Copy and paste this table into the Microsoft Word document that will form part of your submission.)

8. Using the midpoints formula presented in the textbook, calculate the price elasticity coefficient for each price level, starting with the coefficient for the $4 to $6 level. For each coefficient, indicate each type of elasticity: elastic demand, inelastic demand, or unitary demand. Post your answers into the table, Figure 1.

9. Assume that the income of consumers changes by 10%, and as a result the quantity demanded for Good A changes by 8%. What is the income elasticity of demand for Good A? What does this mean for your company?

10. Assume that the price of competing Good B decreases by 5% and as a result, the quantity demand for Good A decreases by 8%. What is the cross-price elasticity for your product? What type of goods are Good A and Good B?

Figure 1: The Demand Schedule for Barbeque Dinners

Price

Quantity Demanded

Total Revenue

Elasticity Coefficient

Elastic or Inelastic

$4

100

__________

XXXX

XXXX

6

80

__________

__________

__________

8

60

__________

__________

__________

10

40

__________

__________

__________

12

20

__________

__________

__________

14

1

__________

__________

__________

Required:

Prepare an analysis by answering the above-noted questions. Your analysis will consist of two documents as follows:

3. Microsoft Word document: Questions 1-5, 7-10.

4. Microsoft Excel worksheet: Question 6