Description
Refer
to the book as the main reference.
I
need clear and satisfied answers for the questions.
NO
plagiarism please, I need UNIQUE work.
All
answers must be typed using Times New Roman, size 12, 1.5 line
spacing with adjust to all paragraphs (alignment)
Use
the footer function to insert page number.
No
pictures PLESE, Graph should be drawn in word document not as a picture
Use
APA style (references and in text citation) in the project and references.
Unformatted Attachment Preview
•
•
•
Students must mention the question number clearly in their answers.
Avoid plagiarism, the work should be in your own words, copying from students
or other resources without proper referencing will result in ZERO marks. No
exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced)
font. No pictures containing text will be accepted and will be considered
plagiarism).
Assignment 2 Questions: Week 4, 5 & 6
Q1: Illustrate an example of your choice and discuss consumer surplus, producer surplus, Total
surplus, and deadweight loss with the help of the graphs.
[2.5 Marks]
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?
[2.5 Marks]
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.
[2.5 Marks]
Q4: Provide the equation to calculate the GDP of a nation. Explain all four factors that contribute
to the GDP calculation in detail.
[2.5 Marks]
Purchase answer to see full
attachment
