Microeconomics Research Paper etween 650 and 700 words) research paper explaining the topic of your choice from the following list of topics. Pictures, graphs, and handwritten examples are not include

Microeconomics Research Paper

etween 650 and 700 words) research paper explaining the topic of your choice from the following list of topics. Pictures, graphs, and handwritten examples are not included in overall length of the paper. Be sure to include an opening and closing paragraph. The paper must be typed, double spaced, and 12 point font. The maximum grade is 120 points.

Grading Rubric: 

1. A cover page include only the exact research paper topic (from the following topics) and your name- 10 points

2. Length- 30 points.

3. Detail of explanation- 30 points.

4. Accuracy of explanation- 30 points.

5. Examples- 10 points

6. Reference(s)/Work cited- 10 points.

7. The maximum grade- 120 points.

Topics:

1. Explain the consumer and the producer surplus. Under which condition the combined area of both surpluses can be maximized?

2. What are the determinants of the price elasticity of demand? Explain.

3. What is an Indifference Curve? What are characteristics of indifference curves? Explain.

4. Distinguish the short run form the long run. Describe the relationship between the average cost and marginal cost curves.

5. What are the characteristics of the perfectly competitive market? Explain.

6. Explain the characteristics of the monopoly market.

7. What is the most important characteristic of monopolistic competition? How do firms behave differently from perfect competitors?

8. What are the profit maximizing (loss minimizing) levels of price and quantity for the monopolistic competitive firm both in the short-run and in the long-run? Explain.

9. How does the short-run equilibrium of a monopolistic competitor differ from a monopolist? How does it differ from a perfect competitor? Explain.

10.  What are the characteristics of an oligopoly? Explain.

11.  Compare and contrast the four market models in terms of the profit-maximizing output level for each, the shut-down rule for each, the probability of long-run economic profits being earned, and their social desirability.

12. Explain the Antitrust Policy in the United States.

13. Explain Trends in Income Distribution in the U.S.