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Microeconomics
a) What are the factors you consider to figure out the opportunity cost of a vacation to Gorakh Hill Station? (1 Marks) (Word count: 100 words max.)
b) Efficiency and equality are examples of classic trade-offs in economics. Analyze each of the following statements from the standpoints of efficiency and equality.
i. “Amid COVID-19, everyone in society should be guaranteed the best healthcare possible.” (2 Marks) (Word count: 150 words max.)
ii. “When workers lose their jobs, they should be able to collect Ehsas income support benefits until they find a new job.” (2 Marks) (Word count: 150 words max.)
b) Efficiency and equality are examples of classic trade-offs in economics. Analyze each of the following statements from the standpoints of efficiency and equality.
i. “Amid COVID-19, everyone in society should be guaranteed the best healthcare possible.” (2 Marks) (Word count: 150 words max.)
ii. “When workers lose their jobs, they should be able to collect Ehsas income support benefits until they find a new job.” (2 Marks) (Word count: 150 words max.)
Microeconomics
Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply schedules are as follows:
price($) Quantity Demand Quantity Supply
4 10,000 8000
8 8,000 8000
12 6,000 8000
16 4,000 8000
20 2,000 8000
a. Draw the demand and supply curves. What is unusual about this supply curve? Why might this be true?
b. What are the equilibrium price and quantity of tickets?
c. Your college plans to increase total enrollment next year by 5,000 students. The additional students will have the following demand schedule:
price($) Change in Q. Demand
4 4000
8 3000
12 2000
16 1000
20 0
Now add the old demand schedule and the demand schedule for the new students to calculate the new demand schedule for the entire college. What will be the new equilibrium price and quantity?
price($) Quantity Demand Quantity Supply
4 10,000 8000
8 8,000 8000
12 6,000 8000
16 4,000 8000
20 2,000 8000
a. Draw the demand and supply curves. What is unusual about this supply curve? Why might this be true?
b. What are the equilibrium price and quantity of tickets?
c. Your college plans to increase total enrollment next year by 5,000 students. The additional students will have the following demand schedule:
price($) Change in Q. Demand
4 4000
8 3000
12 2000
16 1000
20 0
Now add the old demand schedule and the demand schedule for the new students to calculate the new demand schedule for the entire college. What will be the new equilibrium price and quantity?
Microeconomics
1. A good can be produced in a competitive industry at a cost of $10 per unit. There are 100 consumers are each willing to pay $12 each to consume a single unit of the good (additional units have no value to them.) What is the equilibrium price and quantity sold? The government imposes a tax of $1 on the good. What is the deadweight loss of this tax?
Microeconomics
In the past 50 years, the frozen food industry in the U.S has grown from $1billion to $27 billion. Discuss the role of opportunity cost in our lives with regards to this huge growth in the frozen food market in the U.S? (3 marks)
Microeconomics
a) What are the factors you consider to figure out the opportunity cost of a vacation to Gorakh Hill Station? (1 Marks) (Word count: 100 words max.)
b) Efficiency and equality are examples of classic trade-offs in economics. Analyze each of the following statements from the standpoints of efficiency and equality.
i. “Amid COVID-19, everyone in society should be guaranteed the best healthcare possible.” (2 Marks) (Word count: 150 words max.)
ii. “When workers lose their jobs, they should be able to collect Ehsas income support benefits until they find a new job.” (2 Marks) (Word count: 150 words max.)
b) Efficiency and equality are examples of classic trade-offs in economics. Analyze each of the following statements from the standpoints of efficiency and equality.
i. “Amid COVID-19, everyone in society should be guaranteed the best healthcare possible.” (2 Marks) (Word count: 150 words max.)
ii. “When workers lose their jobs, they should be able to collect Ehsas income support benefits until they find a new job.” (2 Marks) (Word count: 150 words max.)
Microeconomics
a) What are the factors you consider to figure out the opportunity cost of a vacation to Gorakh Hill Station? (1 Marks) (Word count: 100 words max.)
b) Efficiency and equality are examples of classic trade-offs in economics. Analyze each of the following statements from the standpoints of efficiency and equality.
i. “Amid COVID-19, everyone in society should be guaranteed the best healthcare possible.” (2 Marks) (Word count: 150 words max.)
ii. “When workers lose their jobs, they should be able to collect Ehsas income support benefits until they find a new job.”
b) Efficiency and equality are examples of classic trade-offs in economics. Analyze each of the following statements from the standpoints of efficiency and equality.
i. “Amid COVID-19, everyone in society should be guaranteed the best healthcare possible.” (2 Marks) (Word count: 150 words max.)
ii. “When workers lose their jobs, they should be able to collect Ehsas income support benefits until they find a new job.”
Microeconomics
After decrease of peas from 40p to 20p, income of the consumer is £7.60. Find the substitution effect and income effect based on consumption of peas due to decrease of price.
Microeconomics
Explore internet and search for the product that is popular in international market but is not available in Pakistan. Assume that you, being a Pakistani national with extensive knowledge of local culture, have been given the responsibility to customize that product according to Pakistani culture and launch it.
Required: Using the Six cultural dimensions of Hofstede, discuss how you can customize the product to make it relevant to the cultural values in Pakistan so that the product gets significant response and acceptability in the Pakistani Market
Required: Using the Six cultural dimensions of Hofstede, discuss how you can customize the product to make it relevant to the cultural values in Pakistan so that the product gets significant response and acceptability in the Pakistani Market
Microeconomics
a) Can you identify and explain your family’s interaction in the market for factors of production and your family’s interaction in the market for goods and services.
Microeconomics
which market structure operate in drama production(units)?
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#339914 on Dec 2023
#339914 on Dec 2023