Category: Micro Economics

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented,…

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Due date for Assignment 2 is by the End of Week 10(11/02/2023) • Assignments submitted through email will…

Assignment Questions Q1 Mohamed produces Toys in the perfectly competitive Toys market. Fill in the missing values in the following table: (5 marks) Suppose the equilibrium price in the Toys market is…

Assignment Questions Q1 Mohamed produces Toys in the perfectly competitive Toys market. Fill in the missing values in the following table: (5 marks) Suppose the equilibrium price in the Toys market is…

2. Business software 2 marks The development of an e-commerce website requires more interactive functionalities, such as the ability to respond to user input (name and address forms), capturing customer orders for…

ECON101 “Why do industries like electricity or cable TV have just one or two major firms while other industries like restaurants or clothes have hundreds or thousands? What might be a general…

What is the video talking about (summarize it using your own words not less than 100 words). (1 mark) Choose an economic term you have learned new in the video and what…

4 Problems that pertain to budget constraints. I would like a detailed explanation for a better understanding. I attached some notes to help out if get stuck or confused. It is the…

q1/ Suppose the price elasticity of demand for the market of mobile phones is 0.90. q2/ What is your opportunity cost of running the business?

Assignment Questions Q1 Consider the market for orange juice. In this market, the supply curve is given by QS = 100PJ −20PO and the demand curve is given by QD = 1000−150PJ…