Category: Micro Economics

In this assignment, you need to do the following: (Due by study Week 5)
Select an article from the Saudi Digital Library (or any well-known university or organization) related to the course content The article must be published on or after 2018

Read the article and understand the key points
Write a summary of the article (250-300 words) Use your own words. Do not copy and paste from the article.
Your summary must be a stand-alone piece of work
Be clear and up to the point.
State the main points of the article.
Give an example of a place/ personal event where the local Saudi virtual management style is applied in relation to the article topic.

Upload it to the assignment link on Black Board Use this template
It should be done during week 5

Guidelines for the assignment:
Make sure to include the cover page with all information required. One mark will be deducted if there is no cover page
This is an individual assignment.
Use font Times New Roman, 12 font sizes
Use 1.5 line spacing with adjustment to all paragraphs (alignment).
Use the footer function to insert the page number.
Ensure that you follow the APA style in your project and references.
The minimum number of required references is 1.
Your report length should be between 300 to 400 words in total.
You must check the spelling and grammar mistakes before submitting the assignment.
Up to 20% of the total grade will be deducted for providing a poor assignment structure. The structure includes these elements paper style, free of spelling and grammar mistakes, referencing, and word count.
The assignment must be in Word format only NO PDF
Your file should be saved as a Word doc[Example]: [Your Name] [CRN] ECOM201 – Assignment 1.doc
Answer:

Article name:
Author(s):
Journal:
Year:
Link:

Article Summary:
Main points (~300 words)
How they are related to the local Saudi virtual management styles and procedures (~100 words)
The article reference (APA):

Hi there,
i have this assignment, it’s not that long, please answer with clear and simple explanation
please answer in the same Word Doc not in handwriting
please make sure you are an expert in this field
Thank you

Need a responsible, professional person with 180 minutes of time is required who is familiar with the units. Two parts, first part 60 mins 21 questions, second part 120 mins 29 questions. Need to be professional about the following topics. need to answer the questions fast.

Problem Set 3
rom Microeconomics, 6th edition, by Hubbard and O’Brien
Ch.5: 1.10, 1.11 (Page 175)
4.9 (Page 180)
Ch10: 1.7 (Page 344)
Ch11: 4.8 (Page 389)
5.7 (Page 391)

This assignment is an individual assignment. Students are encouraged to use their own words.
Students must writing APA style guidelines.
A mark of zero is awarded for any submission that includes copying from other resources without proper referencing it.
Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles.

This is the professor instruction
PLEASE MAKE SURE THERE IS NO PLAGIARISM or COPYING
PLEASE DO NOT CHAT GPT OR SIMILAR APPS
Students must use APA style guidelines.THE CLASS SLIDES ARE ATTACHED
THANK YOU

Regulations:

This assignment is an individual assignment. Students are encouraged to use their own words.
Students must follow Saudi Electronic University academic writing standards and APA style guidelines.
Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles.
A mark of zero is awarded for any submission that includes copying from other resources without proper referencing it.
It is strongly encouraged that the student submits his/her assignment into the Safe Assignment Originality Check before uploading it on the Blackboard.
Read the assignment guidelines earlier sent to your email IDs.

(CRITICAL THINKING-2 )
Q1. Suppose you are employed as an economist by a firm that operates in a perfectly competitive market and produces Jackets. The firm is operating in the short run. The price of the jacket is $9, the wage for each worker is $24, and each jacket requires $1 worth of material. The following table shows the relationship between the number of workers and the output of Jackets.
Workers
10
11
12
13
14
15

Output
5
29
41
47
50
52

Labor cost

Material cost

Fixed cost
$2
$2
$2
$2
$2
$2

Total cost

Marginal cost
–
2
3
5
9
13

Calculate the missing values in the table given.
Use the concept of marginal principle and advice the manufacturer about the number of jackets he should produce to maximize his profit.
Q2. What is the price elasticity of demand? How is it different from Income elasticity of demand? Take an example and explain how the concept of elasticity of demand and supply helps the market stakeholders.
Q3: Explain the following terms with suitable examples.
Constant returns to scale
Economies of Scale
Minimum efficient scale
Diseconomies scale

Q4:
Can Indivisible input factors affect the production cost? Take an example and discuss
How does marginal cost affect the average cost? Present the relation of marginal cost and average cost with the help of a graph.

Answers :-

This is the professor instruction
PLEASE MAKE SURE THERE IS NO PLAGIARISM or COPYING
PLEASE DO NOT CHAT GPT OR SIMILAR APPS
Students must use APA style guidelines.THE CLASS SLIDES ARE ATTACHED
THANK YOU

This is the professor instruction
PLEASE MAKE SURE THERE IS NO PLAGIARISM or COPYING
PLEASE DO NOT CHAT GPT OR SIMILAR APPS
Students must use APA style guidelines.THE CLASS SLIDES ARE ATTACHED
THANK YOU

Regulations:

This assignment is an individual assignment. Students are encouraged to use their own words.
Students must follow Saudi Electronic University academic writing standards and APA style guidelines.
Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles.
A mark of zero is awarded for any submission that includes copying from other resources without proper referencing it.
It is strongly encouraged that the student submits his/her assignment into the Safe Assignment Originality Check before uploading it on the Blackboard.
Read the assignment guidelines earlier sent to your email IDs.

(CRITICAL THINKING-2 )
Q1. Suppose you are employed as an economist by a firm that operates in a perfectly competitive market and produces Jackets. The firm is operating in the short run. The price of the jacket is $9, the wage for each worker is $24, and each jacket requires $1 worth of material. The following table shows the relationship between the number of workers and the output of Jackets.
Workers
10
11
12
13
14
15

Output
5
29
41
47
50
52

Labor cost

Material cost

Fixed cost
$2
$2
$2
$2
$2
$2

Total cost

Marginal cost
–
2
3
5
9
13

Calculate the missing values in the table given.
Use the concept of marginal principle and advice the manufacturer about the number of jackets he should produce to maximize his profit.
Q2. What is the price elasticity of demand? How is it different from Income elasticity of demand? Take an example and explain how the concept of elasticity of demand and supply helps the market stakeholders.
Q3: Explain the following terms with suitable examples.
Constant returns to scale
Economies of Scale
Minimum efficient scale
Diseconomies scale

Q4:
Can Indivisible input factors affect the production cost? Take an example and discuss
How does marginal cost affect the average cost? Present the relation of marginal cost and average cost with the help of a graph.

Answers :-