Do you think that, on balance, the own-price elasticity is Elastic or Inelastic? Explain, using the “Determinants of Elasticity”.

1. What might be a Substitute or Complement for this product? Explain.
2. Do you think this is a Normal or Inferior good? Explain
3. Based on these answers, and on a forecast that the U.S. business cycle may be finally entering a sustained recovery phase, what would you recommend the company do with its production decision and pricing strategy over the next 2-3 quarters? How would your answer change if the forecast changes to expect an economy that will enter a prolonged recession?

APA formatting. Paper should be 2-3 pages in length, double-spaced.

 

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Need answer with explainations..

 

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The equilibrium constant for the reaction (cyclohexane –> methylcyclopentane), C₆H₁₂(g) –> C₅H₉CH₃(g) was measured over a range of temperatures as ln(Kp) = 4.1814 – 2059/T.  Calculate DG°, DH°, and DS° for the reaction at 1000 K. 

 

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Bureaucracy is a term often used in government, but not well understood. In fact, most people probably could not define bureaucracy if asked, but might associate it with red tape, inefficiency, and slow-moving outdated processes. In the readings this week, you take a broad look at bureaucracy as an organizational phenomenon defined by strict rules, hierarchies, and subordination, among other things. In doing so, you consider bureaucracy as a framework from which the United States government was created and continues to exist. Then, with this in mind, you examine the impact of bureaucracy on the rulemaking process and the degree to which agency heads have discretionary powers in the creation and execution of law and policy.

To prepare for this Discussion:

• Review the article, “Bureaucracy: Is It Efficient? Is It Not? Is That the Question?: Uncertainty Reduction: An Ignored Element of Bureaucratic Rationality.” Pay particular attention to the explanation of bureaucracy as an organizational phenomenon.
• Review the stages of rulemaking in Chapter 2 of the course text, Rulemaking: How Government Agencies Write Law and Make Policy.
• Review Chapter 7 of the course text, Rulemaking: How Government Agencies Write and Law and Make Policy. Think about tools agency heads might use to influence rulemaking.
• Review the article, “Bureaucratic Capacity and Bureaucratic Discretion: Does Congress Tie Policy Authority to Performance?” Consider how bureaucracy affects rulemaking and policies.
• Reflect on the explanation of bureaucracy as an organizational phenomenon. With this in mind, consider how bureaucracy impacts stages of the rulemaking process and the roles of agency heads.

Readings

• Course Text: Rulemaking: How Government Agencies Write Law and Make Policy
  • Chapter 1, “The Substance of Rules and the Reasons for Rulemaking”
  • Chapter 2, “The Process of Rulemaking”
  • Chapter 7, “Rulemaking: Theories and Reform Proposals”

• Article: Gajduschek, G. (2003). Bureaucracy: Is it efficient? Is it not? Is that the question?: Uncertainty reduction: An ignored element of bureaucratic rationality. Administration & Society, 34(6), 700–723.
• Article: Kolber, M. (2009). Rulemaking without rules: An empirical study of direct final rulemaking. Albany Law Review, 72(1), 79–115.
• Article: MacDonald, J. A., & Franko, W. W., Jr. (2007). Bureaucratic capacity and bureaucratic discretion: Does Congress tie policy authority to performance? American Politics and Research, 35(6), 790–807

200-300 words APA Citation

 

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Portfolio Assignment 7.3: Opinion Essay

For your assignment, you will need to postulate a theory as to why the Beats strayed from the American transcendentalists. Obviously, because it is an opinion-based theory, you can rarely be wrong, unless you write something that is “constantly random.” Your theory needs to be grounded in the discussion material from this lesson, and you can also use the discussion material from lesson 6. Your essay needs to be typed, double spaced, and one page in length. You will be turning in your essay with portfolio 2. 

Please format and submit your assignment according to the instructions in the syllabus.

Be sure to save your assignment as a .doc or .PDF file. Please keep copies of all assignments. Independent Study is not responsible for lost assignments.

 

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