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June 2, 2024

I will upload the assignment with the solution in another file

General Question

I will upload the assignment with the solution in another file

But if the solution is copied and pasted, it will not be accepted. I can do that

I want to change the formula, drawing, and explanation more about the solution, and also increase the solution

The doctor is not stupid. He wants to expand on the solution so that it does not appear that I copied and pasted the solution

Q1: Illustrate an example of your choice and discuss consumer surplus, producer surplus, Total surplus, and deadweight loss with the help of the graphs.[2.5 Marks]

Q2: Calculate the consumer surplus, producer surplus, and total surplus in a market of airplane tickets if the Equilibrium price per ticket is SAR 160, the equilibrium Quantity is 80 tickets, the upper intercept of the demand curve on the y-axis is SAR 400 and lower intercept of the supply curve on the y-axis is zero. What will be the dead weight loss if the government imposes a tax of SAR 80 per ticket and the buyer and sellers share the tax of 50 percent each? [2.5 Marks]

Q3: What do you mean by import tariff and import quota? Take an example and discuss the difference between tariffs and quotas with the help of graphs. [2.5 Marks]

Q4: Provide the equation to calculate the GDP of a nation. Explain all four factors that contribute to the GDP calculation in detail. [2.5 Marks]

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