Market Equilibrium

⦁ This assignment is an individual assignment. Students are encouraged to use their own words and submit the assignment in word file.
⦁ Students must follow Saudi Electronic University academic writing standards and APA style guidelines.
⦁ Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles.
⦁ A mark of zero is awarded for any submission that includes copying from other resources without proper referencing it.
⦁ Write at least 4-5 pages in length, excluding the title page, abstract and required reference page, which is never a part of the minimum content requirements.
⦁ It is strongly encouraged that the student submits his/her assignment into the Safe Assignment Originality Check before sending it to your instructor for grading.
An Overview of Assignment submission time & grades:
Type of Assignment Posting date Due date Marks Grace period*
Critical Thinking 01.07.2021 17.07.2021 20 3 days
* Grace Period: with an accepted excuse (accepted by the instructor) with deduction of 10% for late submission.
Assignment Questions (Each question carries 4 marks)
Q1. When market equilibrium occurs, quantity demanded is equal to quantity supplied, which means that both sellers and buyers get what they want. Does a market reach market equilibrium on its own, or is it necessary to have some sort of regulator to manage the price and ensure there is equilibrium? Explain your answer carefully. (4Marks)

Q2. Many countries around the world have some sort of minimum wage law. Explain why the minimum wage may hurt workers as much as help them. Give some ideas as to how the government could help workers more effectively. (4Marks)

Don't use plagiarized sources. Get Your Custom Essay on
Market Equilibrium
Just from $13/Page
Order Essay

Q3. Why is it that when small firms get bigger (increase their scale), they frequently see their average total costs decrease? (4Marks)

Q4. How is it possible that a firm in a perfectly competitive market is able to sell all it wants without having to change the price? What does this tell us about the elasticity of demand faced by the firm? (4Marks)

Q5. When a firm sells an additional unit of the good it produces, it receives in exchange money worth the price of the good. Explain why, when a monopolist sells an extra unit, its marginal revenue is less than the price, while this is not true for a firm in a perfectly competitive market? (4Marks)
Learning Resource: Chapter 5,6 ,7 &8 of the Textbook O’Sullivan, A., Sheffrin, S. M., & Perez, S.J. (2014). Survey of Economics: Principles, Applications, and Tools. (6th). Upper Saddle River, NJ: Pearson Education. Print version: ISBN-10: 0-13-294885-0 or ISBN-13: 978-0-13-294885-2. Digital version: ISBN-13:978-0-13-13-9370-7. For more information on Market Equilibrium see this: https://www.encyclopedia.com/social-sciences/applied-and-social-sciences-magazines/economic-equilibrium

Market Equilibrium

Grab 16% Discount On This Paper
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

ACME Homework provides the best top-grade academic writing services in compliance with our customers’ instructions. Have your paper written by a certified professional online college homework help writer to produce only high-quality essays with zero plagiarism.

Professional Academic Writers

You can now choose from a pool of online college homework help writers. Choose your writer and have them write the best content for you. ACME Homework has, over the years, secured a team of the most reliable, experienced, and qualified writers. You can, therefore, trust that your assignment is in good hands.

Affordable Prices

We know that students have very limited budgets. And for that, we always strive to provide only the best, most affordable online college homework help services to our customers. Our goal is to provide top-quality assignment help services to all customers at the lowest, most affordable prices.

On-Time delivery

At Acmehomework.com, we pay strict attention to deadlines. We recommend you to check out clients’ reviews for assurance that we will complete your assignments within the set deadlines. You can, therefore, trust that your paper will be done within and before the set deadline. Until now, we have not missed a single deadline.

100% Originality

Our Acmehomework.com homework helper experts write only 100% original and plagiarism-free content for all of our clients. We also have a Quality Assurance Department team that goes through all work submitted by our writers multiple times. You can, therefore, rest assured that any signs of plagiarized or unoriginal content will be rejected before it reaches your portal.

Customer Support 24/7

Acmehomework.com expert writers are always available 24/7 for customers who need assistance with using our website. You don’t have to check your watch the next time you want to have your assignment written. Our customer support is always available round the clock and ready to listen to your queries. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

Try it now!

Grab 16% Discount On This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

For years now, Acmehomework.com has stood as a leader in providing its customers with the best online college homework help service in the industry. And all you have to do is provide us with the details of your order. Leave everything else to us. We’ve always got you covered.

Essays

Essay Writing Services

Since we launched, Acmehomework.com deserved the best online “college homework help status” thanks to our essay ordering, writing, and delivery process. We deliver nothing but excellence in our results. Our essay writing services include impeccable grammar, zero-plagiarism, proper structure, and conformance to guidelines.

Admissions

Admission and Business Papers

Our top-quality online college homework help services guarantee that you will be accepted into your desired university. You just need to fill out your admission and business papers, and our team of online homework help workers will handle the rest. We will help you achieve and secure the best positions in your admissions forms.

Editing

Editing and Proofreading

At Acmehomework.com, we have a skilled writing and editing team that’s dedicated to creating, editing, and restructuring for all types of papers. Our online college homework help editing and proofreading team will check, paraphrase, and correct any grammar mistakes on your paper before submitting the final document to you.

Coursework

Technical Papers

At Acmehomework.com, we pride ourselves in having writers in almost all fields, even the most technical ones. You never have to worry about your paper being too technical for our certified online college homework help writers to handle. ACME Homework’s team of writers can handle even the most complex writers. We will match your paper to the most competent writer that we believe will handle your paper the best way possible.

                                                                                     Place Order