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ompute the elasticities for each independent variable. Note: Write down all of your calculations. Weight: 15%
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Points Range:0 (0%) - 20.98 (10.49%)
Did not submit or incompletely computed the elasticities for each independent variable.
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Points:22.5 (11.25%)
Points Range:21 (10.5%) - 23.98(11.99%)
Partially computed the elasticities for each independent variable.
Feedback:
See the attached answers for correct calculations of elasticity.
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Points Range:24 (12%) - 26.98 (13.49%)
Satisfactorily computed the elasticities for each independent variable.
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Points Range:27 (13.5%) - 30 (15%)
Thoroughly computed the elasticities for each independent variable.
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ECO550-A1-2
2. Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a rationale in which you cite your results.
Weight: 15%
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Points Range:0 (0%) - 20.98 (10.49%)
Did not submit or incompletely determined the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Did not submit or incompletely provided a rationale in which you cite your results.
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Points Range:21 (10.5%) - 23.98(11.99%)
Partially determined the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Partially provided a rationale in which you cite your results.
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Points:25.5 (12.75%)
Points Range:24 (12%) - 26.98 (13.49%)
Satisfactorily determined the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Satisfactorily provided a rationale in which you cite your results.
Feedback:
You should determine the implications of each of the computed elasticities on both short and long-term pricing strategies in more details. See the attached suggested answers for more details.
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Points Range:27 (13.5%) - 30 (15%)
Thoroughly determined the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Thoroughly provided a rationale in which you cite your results.
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ECO550-A1-3
3. Recommend whether you believe that this firm should or should not cut its price to increase its market share. Provide support for your recommendation. Weight: 10%
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Points Range:0 (0%) - 13.98 (6.99%)
Did not submit or incompletely recommended whether you believe that this firm should or should not cut its price to increase its market share. Did not submit or incompletely provided support for your recommendation.
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Points Range:14 (7%) - 15.98 (7.99%)
Partially recommended whether you believe that this firm should or should not cut its price to increase its market share. Partially provided support for your recommendation.
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Points Range:16 (8%) - 17.98 (8.99%)
Satisfactorily recommended whether you believe that this firm should or should not cut its price to increase its market share. Satisfactorily provided support for your recommendation.
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Points:19 (9.5%)
Points Range:18 (9%) - 20 (10%)
Thoroughly recommended whether you believe that this firm should or should not cut its price to increase its market share. Thoroughly provided support for your recommendation.
Feedback:
Based on your incorrectly calculated elasticity, your recommendation is correct.
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ECO550-A1-4
4a. Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 cents. Plot the demand curve for the firm. Weight: 5%
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Points Range:0 (0%) - 6.98 (3.49%)
Did not submit or incompletely plotted the demand curve for the firm.
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Points:7 (3.5%)
Points Range:7 (3.5%) - 7.98 (3.99%)
Partially plotted the demand curve for the firm.
Feedback:
In a demand and supply graph, the quantity is measured on the horizontal axis and the price ¿ on the vertical axis. You should have checked my graphing instructions video. Please see the attached demand and supply graph.
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Points Range:8 (4%) - 8.98 (4.49%)
Satisfactorily plotted the demand curve for the firm.
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Points Range:9 (4.5%) - 10 (5%)
Thoroughly plotted the demand curve for the firm.
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ECO550-A1-5
4b. Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 cents. Plot the corresponding supply curve on the same graph using the following MC / supply function Q = -7909.89 + 79.1P with the same prices. Weight: 5%
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Points Range:0 (0%) - 6.98 (3.49%)
Did not submit or incompletely plotted the corresponding supply curve on the same graph using the following MC / supply function Q = -7909.89 + 79.1P with the same prices.
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Points:7 (3.5%)
Points Range:7 (3.5%) - 7.98 (3.99%)
Partially plotted the corresponding supply curve on the same graph using the following MC / supply function Q = -7909.89 + 79.1P with the same prices.
Feedback:
In a demand and supply graph, the quantity is measured on the horizontal axis and the price ¿ on the vertical axis. You should have checked my graphing instructions video. Please see the attached demand and supply graph.
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Points Range:8 (4%) - 8.98 (4.49%)
Satisfactorily plotted the corresponding supply curve on the same graph using the following MC / supply function Q = -7909.89 + 79.1P with the same prices.
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Points Range:9 (4.5%) - 10 (5%)
Thoroughly plotted the corresponding supply curve on the same graph using the following MC / supply function Q = -7909.89 + 79.1P with the same prices.
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ECO550-A1-6
4c. Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 cents. Determine the equilibrium price and quantity. Weight: 5%
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Points Range:0 (0%) - 6.98 (3.49%)
Did not submit or incompletely determined the equilibrium price and quantity.
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Points:7 (3.5%)
Points Range:7 (3.5%) - 7.98 (3.99%)
Partially determined the equilibrium price and quantity.
Feedback:
See the attached demand and supply graph for the correct equilibrium price and quantity.
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Points Range:8 (4%) - 8.98 (4.49%)
Satisfactorily determined the equilibrium price and quantity.
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Points Range:9 (4.5%) - 10 (5%)
Thoroughly determined the equilibrium price and quantity.
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ECO550-A1-7
4d. Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 cents. Outline the significant factors that could cause changes in supply and demand for the low-calorie, frozen microwavable food. Determine the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of the product. Weight: 10%
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Points Range:0 (0%) - 13.98 (6.99%)
Did not submit or incompletely outlined the significant factors that could cause changes in supply and demand for the low-calorie, frozen microwavable food. Did not submit or incompletely determined the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of the product.
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Points Range:14 (7%) - 15.98 (7.99%)
Partially outlined the significant factors that could cause changes in supply and demand for the low-calorie, frozen microwavable food. Partially determined the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of the product.
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Points:17.98 (8.99%)
Points Range:16 (8%) - 17.98 (8.99%)
Satisfactorily outlined the significant factors that could cause changes in supply and demand for the low-calorie, frozen microwavable food. Satisfactorily determined the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of the product.
Feedback:
See the attached suggested answers for more details.
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Points Range:18 (9%) - 20 (10%)
Thoroughly outlined the significant factors that could cause changes in supply and demand for the low-calorie, frozen microwavable food. Thoroughly determined the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of the product.
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ECO550-A1-8
5. Indicate the crucial factors that could cause rightward shifts and leftward shifts of the demand and supply curves for the low-calorie, frozen microwavable food. Weight: 10%
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Points Range:0 (0%) - 13.98 (6.99%)
Did not submit or incompletely indicated the crucial factors that could cause rightward shifts and leftward shifts of the demand and supply curves for the low-calorie, frozen microwavable food.
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Points Range:14 (7%) - 15.98 (7.99%)
Partially indicated the crucial factors that could cause rightward shifts and leftward shifts of the demand and supply curves for the low-calorie, frozen microwavable food.
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Points:17.98 (8.99%)
Points Range:16 (8%) - 17.98 (8.99%)
Satisfactorily indicated the crucial factors that could cause rightward shifts and leftward shifts of the demand and supply curves for the low-calorie, frozen microwavable food.
Feedback:
See the attached suggested answers for more details.
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Points Range:18 (9%) - 20 (10%)
Thoroughly indicated the crucial factors that could cause rightward shifts and leftward shifts of the demand and supply curves for the low-calorie, frozen microwavable food.
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ECO550-A1-9
6. 3 references
Weight: 5%
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Points Range:0 (0%) - 6 (3%)
No references provided
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Points Range:7 (3.5%) - 7.98 (3.99%)
Does not meet the required number of references; some or all references poor quality choices.
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Points Range:8 (4%) - 8.98 (4.49%)
Meets number of required references; all references high quality choices.
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Points:10 (5%)
Points Range:9 (4.5%) - 10 (5%)
Exceeds number of required references; all references high quality choices.
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ECO550-A1-10
7. Writing Mechanics, Grammar, and Formatting
Weight: 5%
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Points Range:0 (0%) - 6.98 (3.49%)
Serious and persistent errors in grammar, spelling, punctuation, or formatting.
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Points Range:7 (3.5%) - 7.98 (3.99%)
Partially free of errors in grammar, spelling, punctuation, or formatting.
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Points Range:8 (4%) - 8.98 (4.49%)
Mostly free of errors in grammar, spelling, punctuation, or formatting.
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Points:9.5 (4.75%)
Points Range:9 (4.5%) - 10 (5%)
Error free or almost error free grammar, spelling, punctuation, or formatting.
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ECO550-A1-11
8. Appropriate use of APA in-text citations and reference section
Weight: 5%
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Points Range:0 (0%) - 6.98 (3.49%)
Lack of in-text citations and / or lack of reference section.
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Points Range:7 (3.5%) - 7.98 (3.99%)
In-text citations and references are provided, but they are only partially formatted correctly in APA style.
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Points Range:8 (4%) - 8.98 (4.49%)
Most in-text citations and references are provided, and they are generally formatted correctly in APA style.
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Points:10 (5%)
Points Range:9 (4.5%) - 10 (5%)
In-text citations and references are error free or almost error free and consistently formatted correctly in APA style.
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ECO550-A1-12
9. Information Literacy / Integration of Sources
Weight: 5%
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Points Range:0 (0%) - 6.98 (3.49%)
Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations.
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Points Range:7 (3.5%) - 7.98 (3.99%)
Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing.
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Points Range:8 (4%) - 8.98 (4.49%)
Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing.
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Points:10 (5%)
Points Range:9 (4.5%) - 10 (5%)
Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing.
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ECO550-A1-13
10. Clarity and Coherence of Writing
Weight: 5%
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Points Range:0 (0%) - 6.98 (3.49%)
Information is confusing to the reader and fails to include reasons and evidence that logically support ideas.
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Points Range:7 (3.5%) - 7.98 (3.99%)
Information is partially clear with minimal reasons and evidence that logically support ideas.
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Points Range:8 (4%) - 8.98 (4.49%)
Information is mostly clear and generally supported with reasons and evidence that logically support ideas.
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Points:9 (4.5%)
Points Range:9 (4.5%) - 10 (5%)
Information is provided in a clear, coherent, and consistent manner with reasons and evidence that logically support ideas.
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pumpkinface
grade_scale.docx
