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Economics for Business Assignment
Choose any One of the topics from the following list: Topics for Individual essay
Scarce resources- which resource and in which country/industry are seen as scarce and what is being done in the industry or country. What substitutes have been used to overcome this problem!
Micro economics - Choose any industry and discuss the reforms done or needed in that industry.
Demand and supply of a product of your choice and factors that affect the demand and supply sides of the market.
Market structures like Monopoly, Oligopoly and Monopolistic competition in Australia.
Structure of the Essay -
Introduction - which topic 200 words
Body- Discuss the topic in the article and with some theory -700 words
Conclusion - 100 words
Total 1000 words economics project. Note- Discuss the topic in the article and with some theory. More marks for research — choosing a good article on something specific topic from the above list. There is no need to explain the theory/concepts in the essay on its own -More marks for application and your comments on the topic. You need to provide a link to the article with your essay. Also attach the safe assignment report with your essay, if a hard copy is required.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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