Describe and apply the concepts and theories of utility

Assignment Help Microeconomics

Reference no: EM131533161 , Length: word count:2500

ASSIGNMENT QUESTION

PURPOSE
The purpose of this assignment is to enhance learners' ability to apply the concept of utility to determine its consumer equilibrium.

REQUIREMENT
Select a product of your choice, describe and apply the concepts and theories of utility to the selected product to determine its consumer equilibrium. You have to obtain the market price of the selected product and assume the utils for EACH unit of product consumed. Using a suitable diagram in utility analysis to determine its consumer equilibrium.

1. The assignment consists of ONE question only available in English

2. Answer in English.
Your of your assignment should be typed using 12-point Times New Roman font and 1.5 line spacing

3. Please refer to the portal for instructions on procedure Send your assignments online. You are advised to keep a copy of the assignments for their own reference. / You must submit your assignment online. Refer to the portal for instructions on the procedures to submit your assignment online. You are advised to keep a copy of your submitted assignment for personal reference.

4. Your assignment must be between the 10th July 2017 to 23th July 2017. Submissions after 23th July 2017 will NOT be accepted. / Your assignment must be submitted between 23rd and 10th July 2017 until July 2017. Submission after 23rd July 2017 will NOT be accepted.

5. Assignment shall be prepared individually. You do not impersonate someone else. You are also prohibited from plagiarizing the work of others as their own work.

Your assignment should be prepared individually. You should not copy another person's assignment. You should also not plagiarise another person's work as your own.

6. Please note that the penalty will be imposed on late delivery of assignments as indicated in Circular 6/2012 Registry. / Please take note that a penalty will be imposed on late submission of assignments as specified in the Registrar's Office Circular 6/2012.

7. You need to make RECEIPT released for delivery assignments kept as proof of delivery. Failure to submit a receipt in any issues arising regarding the transmission of the assignment will result in the assignment is considered NOT sent / Please ensure that you keep the RECEIPT issued upon submisson of your assignment as proof of submission. Your assignment is NOT considered as submitted if you fail to produce the submission receipt in any dispute arises concerning assignment submission.

Reference no: EM131533161

Questions Cloud

What is project average accounting return : what is the project’s average accounting return (AAR)?

Discuss the differences between intoxication and toxicity : Discuss the differences between intoxication and toxicity. Explain the digestive elimination process of two of the following.

Four-year project to improve production efficiency : Purple Haze Machine Shop is considering a four-year project to improve its production efficiency.

Change in net working capital : The 2015 balance sheet showed current assets of $5,180 and current liabilities of $2,830. What was the company's 2015 change in net working capital, or NWC?

Describe and apply the concepts and theories of utility : The purpose of this assignment is to enhance learners ability to apply the concept of utility to determine its consumer equilibrium.

Prepare a single-step income statement for fiscal year : Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities. FAB Products Company.

Financial and combined leverage : Discuss the relationships between operating, financial and combined leverage? Does the firm use financial leverage if preferred stock is present in its capital?

Does the mainstream media play a role : Does the mainstream media play a role in the use of performance-enhancing drugs, over-the-counter drugs, and dietary supplements?

Calculate the current price of par value bond : Calculate the current price of a $5,000 par value bond that has a coupon rate of 14 percent, pays coupon interest quarterly

Reviews

len1533161

6/16/2017 5:12:36 AM

5. Assignment shall be prepared individually. You do not impersonate someone else. You are also prohibited from plagiarizing the work of others as their own work. Your assignment should be prepared individually. You should not copy another person's assignment. You should also not plagiarise another person's work as your own. 6. Please note that the penalty will be imposed on late delivery of assignments as indicated in Circular 6/2012 Registry. / Please take note that a penalty will be imposed on late submission of assignments as specified in the Registrar's Office Circular 6/2012. 7. You need to make RECEIPT released for delivery assignments kept as proof of delivery. Failure to submit a receipt in any issues arising regarding the transmission of the assignment will result in the assignment is considered NOT sent / Please ensure that you keep the RECEIPT issued upon submisson of your assignment as proof of submission. Your assignment is NOT considered as submitted if you fail to produce the submission receipt in any dispute arises concerning assignment submission.

len1533161

6/16/2017 5:12:27 AM

1. The assignment consists of ONE question only available in English 2. Answer in English. Your of your assignment should be typed using 12-point Times New Roman font and 1.5 line spacing 3. Please refer to the portal for instructions on procedure Send your assignments online. You are advised to keep a copy of the assignments for their own reference. / You must submit your assignment online. Refer to the portal for instructions on the procedures to submit your assignment online. You are advised to keep a copy of your submitted assignment for personal reference. 4. Your assignment must be between the 10th to 23th . Submissions after 23th will NOT be accepted. / Your assignment must be submitted between 23rd and 10th until. Submission after 23rd will NOT be accepted.

Write a Review

Required(*) Message

Microeconomics Questions & Answers

The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?

Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

Fixed cost and vairiable cost

Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.

Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)

Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..

Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages