Category: Micro Economics

General Instructions – PLEASE READ THEM CAREFULLY • 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, marks may be reduced for poor presentation. This includes filling your information on the… Continue reading General Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be subm

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 +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee. Assume that PO = 10 and Pc = 8. Calculate… Continue reading Assignment Questions
Q1
Consider the market for orange juice. In this market,

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General Instructions – PLEASE READ THEM CAREFULLY • 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, marks may be reduced for poor presentation. This includes filling your information on the… Continue reading General Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be subm

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 +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee. Assume that PO = 10 and Pc = 8. Calculate the equilibrium… Continue reading Q1
Consider the market for orange juice. In this market, the supply curve is gi

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 +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee. Assume that PO = 10 and Pc = 8. Calculate the equilibrium… Continue reading Q1
Consider the market for orange juice. In this market, the supply curve is giv

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 +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee. Assume that PO = 10 and Pc = 8. Calculate the equilibrium… Continue reading Q1
Consider the market for orange juice. In this market, the supply curve is giv

This assignment is an individualassignment. • The due date for Assignment 1 is by the End of Week 7 (19/01/2023)s • The Assignment must be submitted only in WORD format via the allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented,… Continue reading This assignment is an individualassignment.
• The due date for Assignment 1 is b

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 +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee. Assume that PO = 10 and Pc = 8. Calculate the equilibrium… Continue reading Q1
Consider the market for orange juice. In this market, the supply curve is gi