Jul 21, 2017

Is government intervention necessary to prevent the depletion of shared resources? Why or why not? What other methods can be implemented to help manage the situation?

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Discuss the Impacts of Marginal Utility


Discussion 9:

Discuss the tragedy of the commons in a free-market economy.

Address the following in your response:

  • Explain the concept of the tragedy of the commons
  • Can it be avoided in a true free-market economy? Why or why not?
  • Identify three government actions that you believe can have a positive, efficient outcome in the midst of negative externalities.
  • Is government intervention necessary to prevent the depletion of shared resources? Why or why not? What other methods can be implemented to help manage the situation?

Discussion 10:

Discuss the impacts of marginal utility.

Imagine that you are a seller of sunglasses:

  • How can you increase the consumer demand curve by helping increase the marginal utility for consumers?
  • Detail specific steps to take and provide examples.


Discuss how to increase output in the short run.

Imagine that you own an ice cream parlor:

  • What is a variable factor of your ice cream parlor that must be modified or changed to increase the number of ice cream cones in the short run?
  • What aspects of your business cannot be changed in the short run?
  • Explain why only certain aspects of your business can change output in the short run.

Discussion 12:

Discuss profit-maximizing strategies.

Address the following in your response:

  • In a perfectly competitive market, what stands in the way of maximizing profit? What decisions can be made to ensure maximum profit?
  • Does producing more output than another business in the market necessarily mean having greater economic profit (total revenue minus total cost)? Why or why not?

Discussion 13:

ompare two methods of monopoly regulation.

Discuss the pros and cons of two monopoly regulation methods and evaluate their effectiveness:

  • Which regulation method is the most effective? Why?
  • Which regulation method fits and exemplifies the two regulation theories?
  • If you were charged with regulating a monopoly, how would you do it?
  • Take parts from each regulation method you discussed and explain why you think your method would be effective.

Discussion 14:

Read through the following scenario.

You are launching your own business and are very aware of the competition in your surrounding area. In the beginning, you`d like to establish a sizable piece of market share for yourself through heavy marketing and advertising.

Step 2 Discuss the marketing methods you can use to increase demand for your product.

In your discussion, respond to the following questions and, if appropriate, include personal experience as part of your answers:

  • How can you successfully brand and advertise your product while still ensuring that you make a profit for yourself?
  • Why do you think your methods will work in monopolistic competition?
  • If you were the competitor, what would you do in light of a new business entering the market and directly competing with you?

Discussion 15:

Discuss labor supply and demand.

Address the following in your post:

  • Besides training and education, what are some of the things that have a significant impact on the supply and demand of labor?
  • Explain why you believe they have such an impact.
  • What other factors can directly influence the labor market?

Discussions Student’s name Institutional Affiliation Date Discussion 9: The concept of the tragedy of the commons refers to a theory that is used in economics to refer to a situation where individuals tend to act rationally and independently according to one’s self-interest. It is usually contrary to the group’s long-term interests thus depleting some common resource. It is a situation where individuals tend to pursue their interests instead of the entire society. A free-market economy cannot avoid the tragedy of commons since people who have high ability to access the resource in question shall still benefit at the expense of their powerless colleagues. Those who will have increased ability of accessing that resource will disadvantage the entire society in the long-run. The government can address negative externality via introduction of quota systems where manufacturers and individuals are allowed to pollute the environment to a given level beyond which they have to pay. The government can use a market-based approach that has two alternatives including subsidies and taxes. Taxes are imposed on those who pollute the environment. Those that do not are entitled to subsidies to encourage them to keep the pollution levels below the minimum. Government intervention is necessary since it prev


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