Assignment principles of microeconomicsjohn is looking for, Ask an Expert

Economics

Assignment: Principles of Microeconomics

John is looking for an Economic book, because he is not very happy with his accumulated grade in this course. As he has a limited budget, he is willing to pay no more than $ 50.

a. He goes to the local Library and looked at the place where some books were sold. He found an economic book for "dummies" at $ 20. Which would be his consumer surplus in the case he buys it?

b. As he considered the book at the Library too basic, he explored used books at Internet and found a popular online bookstore that was selling a good textbook at $ 80.

What do you think he did?

Answer in 120 words and provide at least one reference.

Attachment:- VIDEOS.rar

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92304571

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question what happens to a firms expansion path if one of

Question: What happens to a firm's expansion path if one of its inputs permanently falls in price while the price of the other remains constant? The response must be typed, single spaced, must be in times new roman font ...

Question suppose the utility function for a consumer is

Question: Suppose the utility function for a consumer is given by U = 5XY. X is the amount of Good X and Y is the amount of Good Y. A) Neatly sketch the utility function B) Does this utility function exhibit diminishing ...

Question a share of sox- a maker of disposable socks - is

Question: A share of Sox- a maker of disposable socks - is expected to pay a dividend of $1.25 next year. The dividend is expected to grow 5% each year thereafter indefinitely. The appropriate discount rate for this inve ...

Question additional questions issues to consider for each

Question: Additional questions. issues to consider for each case- make note but do not include them in written analysis. you should always provide evidence to explain cosco: 1. what is Costco businesse model and it's app ...

Question this learning activity focuses on constitutional

Question: This learning activity focuses on constitutional authority to regulate business and constitutional law concepts. Case Scenario: City enacted a city zoning ordinance that barred outdoor advertising display signs ...

Question imagine you were hired to be an economic advisor

Question: Imagine you were hired to be an economic advisor to President Trump. Recently Mr. Trump announced that he will be able to boost GDP growth to 4%. Using what you have learned from the Solow Growth Model, explain ...

Question you are a manager for a firm in an industry where

Question: You are a manager for a firm in an industry where prices have been flat for the past several years. The rate of inflation now rises from 2% to 4%, but the FOMC does not immediately boost the funds rate. Is this ...

Question analyze the various factors contributing to

Question: Analyze the various factors contributing to poverty and determine which single factor plays the most significant role. Provide a specific example to support your response. Discuss how developed nations contribu ...

Question book principles of microeconomics ryan amacher amp

Question: Book Principles of Microeconomics: Ryan Amacher & Jennifer Pate Market Structures In an eight- to 10-page paper, describe each market structure discussed in the course (perfect competition, monopolistic competi ...

Question suppose that the government cuts taxes in response

Question: Suppose that the government cuts taxes in response to a recessionary gap, but because of legislative delays the tax cut is not put in place for 18 months. Assuming that the government's objective is to stabiliz ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert