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Abdullah loves donuts Econ201 Assignment

Abdullah loves donuts Econ201 Assignment
Order ID# 45178248544XXTG457 Plagiarism Level: 0-0.5% Writer Classification: PhD competent
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Abdullah loves donuts Econ201 Assignment

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ECON 201

Econ201 Assignment 1

Question One.

Abdullah loves donuts. The table below reflects the value Abdullah places on each donut he eats: Value of first donut $0.60 Value of second donut $0.50 Value of third donut $0.40 Value of fourth donut $0.30 Value of fifth donut $0.20 Value of sixth donut $0.10

  1. Use this information to construct Abdullah’s demand curve for donuts.
  2. If the price of donuts is $0.20, how many donuts will Abdullah buy?
  3. Show Abdullah’s consumer surplus on your graph. How much consumer surplus would he has at a price of $0.20?
  4. If the price of donuts rose to $0.40, how many donuts would he purchase now? What would happen to Abdullah’s consumer surplus? Show this change on your graph.

Question Two:

Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.

Hours Needed to Make 1 Quantity Produced in 2400 Hours Car Airplane Cars Airplanes Japan 30 150 80 16 Korea 50 150 48 16

1- What is Japan’s opportunity cost of one car?

2- Suppose Korea decides to increase its production of cars by 18. What is the opportunity cost of this decision?

3- In what product Japan has an absolute advantage? and in what product Korea has an absolute advantage?

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Literature Support

91-84  points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Methodology

58-53 points

Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.

Average Score

50-85%

40-38 points

More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.

83-76  points

Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.

52-49  points

Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.

Poor Quality

0-45%

37-1 points

The background and/or significance are missing. No search history information is provided.

75-1 points

Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.

48-1 points

There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met

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Abdullah loves donuts Econ201 Assignment

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