Description
Make sure to include the cover page with all information required.
-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 4.
– report length should be as written in the file.
– must check the spelling and grammar mistakes before submitting the assignment.
-avoid plagiarism
Unformatted Attachment Preview
Assignment 2 Questions:
Q1: Illustrate an example of your choice and discuss consumer surplus, producer surplus, Total
surplus, and deadweight loss with the help of the graphs. (300 words)
Q2: Calculate the consumer surplus, producer surplus, and total surplus in a market of airplane
tickets if the Equilibrium price per ticket is SAR 160, the equilibrium Quantity is 80 tickets, the
upper intercept of the demand curve on the y-axis is SAR 400 and lower intercept of the supply
curve on the y-axis is zero. What will be the dead weight loss if the government imposes a tax of
SAR 80 per ticket and the buyer and sellers share the tax of 50 percent each?
Q3: What do you mean by import tariff and import quota? Take an example and discuss the
difference between tariffs and quotas with the help of graphs. (300-400 words)
Q4: Provide the equation to calculate the GDP of a nation. Explain all four factors that contribute
to the GDP calculation in detail.
(300 -400 words)
Purchase answer to see full
attachment
