I’m working on a micro economics multi-part question and need an explanation and answer to help me learn.
1- No theft, no match please.
2-You can find the instructions inside the document
3- Please write a paper in the document
4- Write a report on whatever you use to research and what you write in a different document because we will discuss it separately in class
Write at least 4 references using the APA style.
Please use simple language
Put the in-text quote in each.
Additions within the documen
Q2. Maps are a good non-economic example of using assumptions to make things simpler. Which of the following are assumptions used to make maps useful?
(2 Marks) [Ch. 1]
Q3. Consider a student studying for a biology exam. Would you expect study time to be subject to diminishing returns? Suppose productivity is measured as the anticipated increase in the exam score. Construct a numerical example in which the first hour is twice as productive as the second hour, which is twice as productive as the third hour, and so on up to five hours of study. (2 Marks) [Ch. 2]
Q5. If the demand and supply curves for boxes are:D = 100 – 8P and S = 22 + 4P, where P is the price of boxes.
- Does the law of supply apply for the market of boxes? Why? (3 Marks)
- Calculate the equilibrium quantity and price? (2 Marks)
“Note in Q2-You have to give some suggestions or assumptions from your own.”