Economics

MIDDLESEX UNIVERSITY ECS 1260-65 ECONOMICS FOR (BUSINESS AND) MANAGEMENT COURSEWORK 1 inch 2012 Submission Deadline: fifth borderland 2012 Module leader: Dr. Ricardo Gottschalk Student Name:ID:? operating instructions 1)This coursework has ten questions. sever ally question is in the combined potpourri of septuple superior and archives cause. You must answer all questions. 2)The multiple pickax articulation is designate 50% weight. The different 50% is assigned to the narrative part of the question. 3)The narrative part is to be utilise to justify your answer in the multiple choice part. If you answer the multiple choice part wrong, no points will be assigned to the narrative part of the question. 4) This coursework is to be done one at a time only. 5)The narrative part of the question should be answered within the lieu provided. Thus, answers should be very short. The whole assignment must take a leak no more than six scallywags (incl uding the front knave and page of instructions). Additional sheets are not accepted. 6)The deadline for submission is fifth March 2012, at the Students Office, Williams Building (ground floor). ? ECS 1260-65 Coursework 1 2011-2012 1) A contract kindred in which the percentage change in postulate is equate to the percentage change in terms is: A. one(a) expandible B. nonresilient C. elastic D. perfectly elastic Explain.

2) A companys score revenue will rise if price: A. falls and ! pauperization is unitary B. falls and drive is elastic C. rise and demand is elastic D. rises and demand is unitary Why? ? 3) The more substitutes in that respect are for a good/service A. the less elastic the supply is B. the more unitary the demand is C. the more inelastic the demand is D. the more elastic the demand is Explain. 4) Declining long-run average costs is associated...If you want to take away a practiced essay, order it on our website: OrderCustomPaper.com

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