Select Page

You have to include as much diagrams as possible to illustrate your answers. The

Economics

GET HELP WITH YOUR ESSAY

If you need assistance with writing your essay, our professional Essay Writing Service is here to help!

DISCOUNT CODE FIRST25

ORDER THIS OR A SIMILAR PAPER NOW

You have to include as much diagrams as possible to illustrate your answers. The more you use the better. Be very accurate and explicative. Every explication which can be accompanied with a graph is compulsory.
Question 1: The market for cups of coffee is competitive in the sense that it cannot influence the market price. a) Zhichao and Mitran are opening a coffee shop. The market price of a cup of coffee is £2. They are not sure if they should open the business. They show you various cost curves they have calculated and ask for your advice. Explain how you would use the cost curves to determine whether the business would be profitable. b) A year later the price of coffee falls to £1.50 and it is not expected to change again. The coffee shop “Z&M Espresso” is not profitable. Zhichao suggests they should shut down straight away whereas Mitran thinks they should wait until the end of the year shutting down. They ask for your advice again. Explain under what conditions would be right and under what conditions Mitran would be right.
Question 2
Jack tells you that his weight fluctuated several times over the last ten years. But in 2021, he decided to enter into a contract the terms of which required him to pay out £200 each week if he failed to get closer to his goal of losing 10 kg. What is this person doing and why? And do you think this worked? Discuss with reference to theoretical insights in microeconomics. Sarah, your friend is an estate agent and tells you that a bungalow was for sale year with no offers at £250,000. It was taken off the market, and relisted 2 months later at £299,500 and sold in 3 weeks. Use the behavioral economic concepts learnt in the module to explain to her why.

DISCOUNT CODE FIRST25

ORDER THIS OR A SIMILAR PAPER NOW

Writers for any paper

We have 500+ professional essay writers on our team. These are experts who work in colleges and universities .Eliteacademicessays.com is one of the most versatile essay writing services in the industry. You’ll get an MA or PhD essay writer from the subject area you choose. You can order a paper on any topic from us!

High Quality

We stand behind the quality of our services every time, no matter the subject or difficulty.

 

24/7 Support

We’re always there for you, working nonstop to help you in your hour of academic need.

Timely Delivery

Time is the most important thing these days and we understand that you turned to us to save yours.

 

Original Content

Every word you read in the paper we’ve written is original, every thought is unique.

 

Free Revision

Not only do we write quality academic works, we also offer absolutely free revisions so that you can correct anything you need.

100% Anonymous

We’re always there for you, working nonstop to help you in your hour of academic need.

Easy As 1…2…3…

1. Place Order/Submit Instructions
Submit the instructions in the order form. Add the number of the pages, the deadline, and attach any additional files.

2.Make Payments
Securely complete the payment process.

3. Writer Upload Solution for Quality Check

We will assign your work a writer, sit back and relax. The Quality Control department will check and verify completion to set standards.

4. Download Paper and Enjoy
Now download the uploaded solution and enjoy your life.

Confidentiality

We encrypt everything. It’s all confidential.

Secure Payment

Sleep tight: each transaction is encrypted and 100% secure.

Ready to get started?

%d bloggers like this: