MICROECONOMICS ASSIGNMENT HELP
Welcome to the best website for economics assignment help for college & university students. Our economics problem solvers can solve any type of microeconomics assignment or homework questions and deliver it to you exactly when you need it. If you have to submit your college or university microeconomics homework in a hurry, just ask for urgent assignment help and we can deliver your microeconomics assignment within 24 hours if required. (Sometimes, even earlier, if possible!). We provide 24 hours assignment help for all economics assignment topics. You can get help for managerial economics, microeconomics, macroeconomics, international economics, health economics, mathematical economics, econometrics, financial economics and any topic related to economics. Our online assignment experts are veterans in providing college assignment help and we deliver accurate solutions, affordable services, 24 hours support online, guaranteed top scores and overall value for money. We also guarantee 100% privacy and we will never sell, share or publish any information you share with us under any circumstances.
Our economics problem solvers online can accurately solve even the most complex economics problems & deliver it to you exactly when you need it. Contact us for economics assignment help for economics research paper topics, Kaplan quantitative analysis, Kaplan assignment help or any other topic and our economics experts will be happy to help you.
We are available 24x7 to solve economics problems online and you can reach us any time, from any where by email, chat (on our website) or chat with us on Whatsapp on +1.289.499.9269. Our chat rooms are open 24x7 and our team of economics online tutors are ready to help you any time of your night or day and deliver some of the best homework solutions for you.
Now you do not have to struggle with your economics assignment questions on demand and supply, microeconomics, macroeconomics, econometrics or health economics or any other economics topic, for that matter. Leave it to our us, we will solve them for you and deliver it back to you exactly when you need it.
24/7 MICROECONOMICS ASSIGNMENT HELP
Microeconomics deals with the behaviour of consumers and firms. It is highly focused on determining the choices and decisions made by individuals regarding resource utilization and allocation rather than the whole economy.
Microeconomics addresses all the economic and consumer-related concerns. It studies the coordination and cooperation of business and individuals in a detailed manner using various mathematical techniques in order to identify the effect of coordination on supply, demand and price. The power of microeconomics relies upon its simplicity and its close association with the real world.
The model of microeconomics is developed on individuals and then later tilts towards interpersonal relationships. Demand and supply are the tools used for analysis in microeconomics to understand the decisions of individual units in the economy. Since it deals with every single entity, microeconomic analysis is essential before understanding the entire economy of a country.
MICROECONOMIC ANALYSIS ASSIGNMENT HELP
Microeconomic analysis can be categorized into three types as below:
Micro Statistic Analysis Assignment Help:
In this type of microeconomic analysis, the equilibrium point of the variables of microeconomics is attained at a fixed duration of time. The equilibrium level of a market is determined by two principle variables, demand and supply. The demand and supply of a commodity are related to the cost of the commodity at a particular time period. Thus micro statistic analysis tries to gauge the relationship between demand and supply at a particular time period.
Micro Comparative Static Analysis Assignment Help:
In this type of microeconomic analysis, two micro statistic points are compared at different intervals of time. The variables are compared at two or more equilibrium points without considering the transitional period and process of adjustment.
Micro Dynamic Analysis Assignment Help:
Micro dynamic analysis explains how a change occurs between original or initial equilibrium and new equilibrium. It deals with the process of adjustment, activities carried out by the variables while adjusting from one equilibrium point to another, and time path. Certain fundamental principles are laid out by microeconomics to understand the behaviour of individuals in every particular situation. Lets delve into the basic principles and features of microeconomics.
PRINCIPLES OF MICROECONOMICS ASSIGNMENT HELP
Maximizing Utility: The purchase decision of a consumer is based on their objective to maximize their utility and happiness.
Opportunity Cost: When a purchase decision is made, the cost of forgoing the next best alternative is also calculated.
Diminishing Marginal Utility: Diminishing marginal utility is another major concept of microeconomics, which states that with the increase in the quantity of consumption, the satisfaction level reduces.
Supply and Demand: The demand and supply concept of microeconomics deals with the association between the number of services or goods that are produced and sold to the number of goods that are bought by the consumers at that particular price.
MICROECONOMICS CONCEPTS ASSIGNMENT HELP
Diminishing Marginal Utility: As per the law of diminishing marginal utility, the higher number of products being consumed reduces the marginal benefits of a consumer and ultimately the customer is destined to pay less. For any business unit, the highest benefit is generated by the first unit of a commodity as it tends to satisfy the immediate desire or needs, which then diminishes simultaneously.
Diminishing Returns and Supply: Price elasticity of demand states that a change in the price of a commodity will ultimately change the consumption of the same commodity. Elasticity of demand is used by microeconomists to understand the change in supply and demand of a product with change in price.
Price Elasticity of Demand = % change in quantity demand/ % change in price.
Price Elasticity of Supply: Price elasticity of supply is used to measure the change in the quantity of a commodity supplied by a firm with the change in price. Generally with the hike in price the supply of the commodity increases whereas it decreases with the reduction in price.
Price Elasticity of Supply= % change in supply/ % change in price.
Various factors determine the market structure including number of consumers and producers in a market, how the market shares are distributed among them and whether entering and leaving the market is convenient.
The different market structures include:
Monopoly: Monopoly is a market structure where there is only one supplier of a particular goods or service.
Examples of Monopoly: Microsoft Windows, Google
Duopoly: In a duopoly market structure, the market is under the control of two firms.
Examples of Duopoly are: Mastercard & Visa.
Perfect Competition: In a perfect competition, there are many buyers & sellers of a commodity and the market is not under the control of any single individual or firm.
Examples of Perfect Competition are agriculture markets, foreign exchange markets etc.
Monopolistic Competition: In a monopolistic competition, many firms produce similar products but these products are not the perfect substitutes.
Examples of Monopolistic Competition are: footwear, clothing, restaurants etc.
Oligopoly: In an oligopoly structure the entire market is controlled by few companies, the competition and collaboration between these firms determine price.
Examples of Oligopoly are: film & tv industry, mass media, smartphone Operating Systems like Apple IOS, Android.
Monopsony: In a monopsony, the demand for products is controlled by only one buyer.
Examples of Monopsony: Labor market
Oligopsony: As per oligopsony, the entire power is with the buyers and they control the entire market.
Examples of Oligopsony: The US Fast food market.
IMPACT OF MICROECONOMICS ON VARIOUS SUBFIELDS OF ECONOMICS:
Labour Economics: Labor economics is dependent on microeconomics as it is built on analyzing the supply and demand for different types of labour. It also deals with the interaction between firms and laborers in the labour market.
Industrial Organization: It involves all the different mechanisms of selling goods or service. It studies the structure of firms and their operation on different markets in a detailed manner.
International Economics: It deals with the supply and demand of commodities traded by individuals as well as the imports and exports of an entire country.
Agricultural Economics: It deals with the demand and supply of farmlands, agricultural products, farm labour and the other factors of production related to agriculture.
Use this form to send us the details of your assignment. Any information you share with us will be kept strictly confidential. Got a question? Chat with us any time on our website or on WhatsApp on +1.289.499.9269. We are available 24x7. If you would rather send us an email, our email id is [email protected].
More College Assignment Topics
IMPORTANCE OF MICROECONOMICS
Microeconomics formulates the economic policies, which helps in enhancing productive efficiency, further resulting in greater social welfare.
Microeconomics explains the working mechanism of a capitalist economy where solidarity is provided to individual units for taking their decisions.
Microeconomics further determines how equilibrium position can be attained by individual units in a free enterprise economy.
Microeconomics supports the government by formulating policies for determining the correct price.
Microeconomics supports entrepreneurs by helping them employ their resources in an efficient manner.
Microeconomics studies also enable business economists to make business forecasts and conditional predictions related to their businesses.
Microeconomics is also useful in trading as it explains the gains from trade, managing the payment and determining international exchange rates.
SCOPE OF MICROECONOMICS
Consumption: Under the principle of consumption in microeconomics, various laws are studied. Those laws include the indifference curve, the law of equal marginal utility, the elasticity of demand, the law of demand and consumer surplus.
Production: Various laws are studied under the principle of production of microeconomics, including the law of returns to scale, the optimum combination of factors and the cost of production.
Distribution: Distribution is studied under the return of factors of production, including interest, salary, wages and determination of profit.
Exchange: Determining the output and price is also one of the major subjects of microeconomics.
LIMITATIONS OF MICROECONOMICS
Microeconomics deals with individual units but fails to understand the functioning of the entire economy.
Microeconomics cannot explain several important factors of an economy, including unemployment, illiteracy, poverty and others.
MICROECONOMIC THEORIES ASSIGNMENT HELP
Utility Theory: It deals with household behaviour and is constructed on the concept of utility. Utility function determines the consumption of an individual, wherein the happiness of an individual is dependent on their consumption. The utility function is guarded by the budget of an individual to determine their uptake. But individuals always try to maximize their utility, hence opting for the optimal number of products in a given budget.
Producer Theory: It considers the behavior of firms, viewing them as entities that are determined to turn inputs into outputs by using appropriate technologies. The production capacity of a firm is dependent on the input prices, availability of raw materials and level of technologies used for production. The ultimate aim of any firm is to maximize its profits while aligning with all other constraints.
Price Theory: In this particular theory of microeconomics, the price of every single commodity is determined by aligning the demand and supply curve. Price theory also helps in the estimation of market structure as well as the behavior of consumers.
Consumer Demand Theory: The demand of any commodity is determined by three significant factors. Consumers buying action is dependent on the cost of the product, the lower will be the price the higher will be the purchase and ultimately demand will increase. Demand of a product is also dependent on the income of the consumers.
Supply Theory: Profit and cost are the two most important factors that determine the number of products supplied by a firm. Maximizing output tends to yield higher profit. Combining the supplies of all the companies gives out the market supply of a commodity.
URGENT ASSIGNMENT HELP FOR COLLEGE & UNIVERSITY ECONOMICS PAPERS
We accept last-minute requests to solve economics problems online or for any subject or topic, for that matter. Ask for overnight economics help if required. We have a team of over 3890+ economics question solvers who work with us from different locations, geographies & time zones. When we get a request for urgent economics assignment help, we assign it to the most competent expert who can start working on it right away. Our experts will even continue working overnight, if necessary, but we will send you the completed economics assignment exactly on the agreed date & time. And all this without any compromise on quality! Get in touch with us today for instant economics assignment help online.
ORDER MICROECONOMICS ASSIGNMENT HELP ONLINE
Placing an order for microeconomics assignment help with us will take you less than 5 minutes and is as simple as sending us your assignment questions using the ORDER NOW form provided in this page, on the right. You can just fill in your contact details, add any additional information and attach relevant reference documents, if any and send it to us. We will review it and contact you right away.
You can also email all your details to [email protected]
You can also chat with our customer success managers on our website and tell us exactly what you need. Share any relevant documentation. Let us know which referencing style you have to follow. Confirm the word count, wherever applicable.
You can also chat with us on Whatsapp on +1.289.499.9269.
Give us all this information and then sit back and relax. You will be surprised at how quickly we get back to you with your fully completed economics assignment. We will keep you updated with progress of your assignment and once done, we will put it through our internal quality checks. After that, we will deliver the completed custom assignment to you within 24 hours.
We like to keep things simple and straight-forward. No complicated processes or extended wait times. No need to chase us for status updates - we will keep you updated with progress of your custom assignment or dissertation at every stage. No surprise delays or price-hikes. No putting up with rude and arrogant customer care executives. We are absolutely committed to delivering your fully completed economics assignment on time.
WHAT PEOPLE SAY
My accounting assignment was due in less than 24 hours and I needed urgent help. Luckily a quick search on Google led me to this website and they actually accepted my order. The next day, I found the completed assignment in my inbox and submitted it!
Great job done on my urgent Matlab programming assignment. I was so relieved when I saw they had completed my assignment on time exactly as we had discussed. I was able to submit it on time. Wish I had known about this website a lot earlier.
I am so happy with the service I got from this team. I placed an order with this website for a Solidworks assignment help and they said they could deliver within 24 hours! And sure enough, they did just that!