Economics Assignment Help

Economics Assignment Help is offered with the help of specialized tutors in the subject. Economics plays an important role in our society and the scope of economics in today’s world is really vast. Students who opt for economics as their primary or secondary course in colleges will be tested with a range of assignments. The purposes of the assignments given in college are to strengthen the basic concepts and later can be useful in applying them outside. We provide economics assignment help for students across the globe by offering them a detailed solution to their economic assignment questions. The answers …

Marginal Utility for any product

Marginal Utility for any product Answer 1) A Company/Country enjoys an absolute advantage in producing a product if it can produce that product at a lower price or at higher productivity in comparison to other companies/countries. While a company/country enjoys a comparative advantage in the production of a good if it can produce the good at a lower opportunity cost when compared it to the other companies/countries. In this case since Justcookbooks.com became wildly successful in U.S. Considering dearth of any other information, it will be safe to assume that in a normal scenario a product can be successful in …

Imposition of taxes on Cook Books

Imposition of taxes on Cook Books Cook books have become an integral part of human life as they provide the taste factor in the cooking spree. But it’s even more harmful as it further encourages overeating which can lead to various kinds of severe health issues like obesity, diabetes & heart diseases. Goods can be defined as all kinds of movable properties even cook books are to be considered in this category only. Therefore, for the purpose of tax imposition, the concerned government can impose sales tax which shall arise at the point of sale of suc cook books. This …

Impact of labour Unions

Impact of labour Unions In a work environment, the Employers and the workers have varied approaches. This is resorted on a common platform with the help of Labour Unions. Labour Unions help in negotiating with the corporations, businesses and other organizations on behalf of union members. They are the representatives of the workers & help them to achieve their rights. They also ensure improvements in the working conditions and wages.. The labour Unions widely affect the Labor Environment as they influence the two major tools of demand, supply & equilibrium wage rate of labor. They are: Restricting the labor supply …

Long Run Average Cost

1.     The long run average cost curve is U-shaped. This means that initially firms realize economies of scale as they start producing more output. However, as the output increases beyond a certain point, at the bottom of the “U”, there are constant returns to scale for a while. Ultimately, as the output extends further, above the flat part of “U”, there are diseconomies of scale.   Therefore, initially as the output increases, there is proportionately less increase in inputs. After some time, the increase in cost of inputs equals the increase in revenue from outputs. Ultimately, expanding production …

Economics Questions and Answers

Re: Week 1 DQ 1 Val Castillo Thu 05/24/2012 11:15 PM   Issue#1 You make some good points (see below in italic) about the company having some duty to their US employees. What about the company’s duty as a fiduciary to the shareholders of the company’s stock? If they could increase stock prices in the long run and lower overall costs of their products for consumers, does this change the analysis? What is the balance that companies should make when considering all of these variables? I believe that company A should keep all positions in the United States. Company A is …

Economics MCQ Questions & Answers

Question 1 Which of the following would be classified as a personal consumption expenditure? Answer All of the following. Your purchase of a newly constructed house Your purchase of a preowned house. Your purchase of one share of Microsoft stock. Your purchase of this economics course. 1 points Question 2 Increased production, but not increased inflation, will result in higher: Answer nominal GDP. money GDP. real GDP. current dollar GDP. 1 points Question 3 GDP includes: Answer the negative attributes from erosion and deforested landscape. all quality improvements resulting from higher quality goods replacing inferior goods. the cleaning-up expenses associated …