w3 assignment 3
Your Assignment 3 relates to chapters 7 (Production and the Cost in the Firm and 8 (Perfect Competition) respectively.. You will be answering questions related to the purpose of Microeconomics and the applications of concepts for economic measurements.
Your assignment is worth 5 pts, and each of the questions must have at least 200 words per answer supported by more than the textbook reference, In addition your answers must prescribe to APA format.. You must submit a cover page, each question in a page by itself, and your references page must be also in a page by itself. And, please do not forget to reference your in-text.
Your assignment grade will be based on the following “Rubrics”
– APA Formatting 20% (running head, page numbering, font style & size, double spacing , margins 1″, paragraphs indents, proper and complete referencing for your references sources, references page hanging indents, in-text referencing)
– References Sources 20% (textbook, two other references f not the Internet)
– Originality Report 20% (70% or higher, titles and references do not count against your work)
– Content Relevancy 20% (100% relevant content to the subject matter)
– Content Volume 20% (it must be at least 200 words of writing per question)
– Why is the price elasticity of demand for Coca-Cola greater than price elasticity of demand for soft drinks generally?
– Some restaurants offer “all you can eat” meals. How is this practice related of diminishing marginal utility? What restrictions must the restaurant impose on the customer in order to make a profit?
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