Micro Economics

Requirements: Please answer all the multiple choice questions in the attached fi

Requirements: Please answer all the multiple choice questions in the attached file and also please be sure to provide a brief explanation for why you chose each multiple choice answer for each question. Please be sure to carefully follow the instructions Please be sure that you use your own words and are 100% original in… Continue reading Requirements: Please answer all the multiple choice questions in the attached fi

Hi, I need help since I am not feeling well. I need someone to answer the questi

Hi, I need help since I am not feeling well. I need someone to answer the questions in the attached document by selecting the correct answer choice and provide a brief explanation on the answer choice that you selected was correct. For the explanations please be sure to to use your own words and provide… Continue reading Hi, I need help since I am not feeling well. I need someone to answer the questi

Hi, I need help since I am not feeling well. The first document that I attached

Hi, I need help since I am not feeling well. The first document that I attached titled ch_13 are the questions that I needed to be answered. The second document attempts to answer the questions in the first document and is titled ch_13_answer. I just need someone to check over the answers in the document… Continue reading Hi, I need help since I am not feeling well. The first document that I attached

Requirements: Please answer all the multiple choice questions in the attached fi

Professor’s extra explanation and hints: How do I solve for the Expenditure Fun

Professor’s extra explanation and hints: How do I solve for the Expenditure Function for those dang calculus-unfriendly utility functions in Question 1 ? Recall what the Expenditure Function, E(p1, p2, U), is supposed to represent: the minimum expenditure necessary for a consumer to be able to achieve consumption worth U utility given prices (p1, p2).… Continue reading Professor’s extra explanation and hints:
How do I solve for the Expenditure Fun

Professor’s extra explanation and hints: How do I solve for the Expenditure Fun

the elasticity of demand for a product is -0.5, while the elasticity of supply i

the elasticity of demand for a product is -0.5, while the elasticity of supply is +1.2. The equilibrium quantity is 1500 at a price of $60. 1. Reconstruct linear supply and demand curves at the current price and quantity. 2. What impact would a $20 tax have on the equilibrium? Calculate changes in P, CS,… Continue reading the elasticity of demand for a product is -0.5, while the elasticity of supply i