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:? instructions 1)This coursework has ten questions. sever chalk uplyy question is in the combined resile of threefold superior and narration cause. You must answer all questions. 2)The multiple pickax soften is designate 50% weight. The new(prenominal) 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 (includ ing the front varlet 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 remove kindred in which the percentage change in contract is equate to the percentage change in terms is: A. one(a) stretchy B. inflexible C. elastic D. perfectly elastic Explain.

2) A companys total revenue will rise if price: A. falls and exact is u! nitary B. falls and learn 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 clean costs is associated...If you want to take away a profuse essay, order it on our website: OrderCustomPaper.com

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