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Principles of Microeconomics -- 3

$30-250 USD

Chiuso
Pubblicato quasi 4 anni fa

$30-250 USD

Pagato al completamento
Only word-typed submission will be considered. Only online submission will be accounted. The similarity of more than 10% will be penalized as follow. Every 5% increase in plagiarism score will be faced with 5 marks deduction. Total marks is 30 . You have to write the answers only (Don’t WRITE THE QUESTIONS) The Questions (Minimum 500 words, 5 Marks) 1-One of the Principles of economics “Markets Are Usually A Good Way to Organize Economic Activity”. Based on your understanding of this principle, first, explain in detail the idea behind this principle. Second, how the resources and economic activity organized under socialism and capitalist systems. Third, in your opinion, which system that you believe is better in the allocation of resources as well as Organize Economic Activity. (Minimum 500 words, 5 Marks) 2-One of the Principles of economics “Trade Can Make Everyone Better Off.” Based on your understanding of this principle, first, explain the fundamental principles of the trade between the two countries. Today we can see that some countries started to impose some restrictions on the flow of goods and services, do you think these practices contradict the principle? Why? (Minimum 800 words, 10 Marks) 3- Today and due to the spread of COVID19, we can observe that some sectors in an economy are expanding will others contracting. Using the demand-supply framework, give an example for one industry that is growing and one industry that is shrinking. Use the graphs to explain your idea and demonstrate why this is happening. (Minimum 500 words, 5 Marks) 4- After you graduate from university, you find a job in a company that produces good X. You are working in a competitive market. Your boss asks you to compute the price elasticity of demand, income elasticity of demand, cross-price elasticity of demand, and the price elasticity of supply. The question is: how your boss will benefit from computing each of these elasticities. Explain in detail with an example for each case. (Minimum 500 words, 5 Marks) 5- Economists disagree with the accountants regarding computing and reporting the cost of production. Please explain the critical difference and discuss, with an example, how these different views affect the profit of a company.
Rif. progetto: 24833046

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Bandiera: UNITED ARAB EMIRATES
sharjah, United Arab Emirates
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Membro dal mar 24, 2020

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