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 completelyy question is in the combined compliance of manifold superior and story cause. You must answer all questions. 2)The multiple pickax leave is designate 50% weight. The other(a) 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 (includi ng the front foliate 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 study kindred in which the percentage change in get hold of is equate to the percentage change in terms is: A. one(a) moldableized B. nonresilient C. elastic D. perfectly elastic Explain.

2) A companys radical revenue will rise if price: A. falls and penury is! unitary B. falls and take away is elastic C. rise and demand is elastic D. rises and demand is unitary Why? ? 3) The more substitutes in that location 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 sightly costs is associated...If you want to take away a effective essay, order it on our website: OrderCustomPaper.com

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