Home » simple macroeconomic ECON 201calvulation | StudyDaddy.com

# simple macroeconomic ECON 201calvulation | StudyDaddy.com

should be in simple language, clear and word format, any calculation should be illustrated.

·ECON 201

· Econ201 Assignment 1

·Question One.

· Abdullah loves donuts. The table below reflects the value Abdullah places on each donut he eats: Value of first donut \$0.60 Value of second donut \$0.50 Value of third donut \$0.40 Value of fourth donut \$0.30 Value of fifth donut \$0.20 Value of sixth donut \$0.10

·a.  Use this information to construct Abdullah’s demand curve for donuts.

· b. If the price of donuts is \$0.20, how many donuts will Abdullah buy?

· c. Show Abdullah’s consumer surplus on your graph. How much consumer surplus would he has at a price of \$0.20?

·d. If the price of donuts rose to \$0.40, how many donuts would he purchase now? What would happen to Abdullah’s consumer surplus? Show this change on your graph.

·Question Two:

·Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.

·Hours Needed to Make 1 Quantity Produced in 2400 Hours Car Airplane Cars Airplanes Japan 30 150 80 16 Korea 50 150 48 16

·1- What is Japan’s opportunity cost of one car?

·2- Suppose Korea decides to increase its production of cars by 18. What is the opportunity cost of this decision?

· 3- In what product Japan has an absolute advantage? and in what product Korea has an absolute advantage?

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

### Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Order your essay today and save 10% with the coupon code: best10