Economics Help Available 24/7 – Economics Homework Help!

Top Questions

What should Jim Teague do? Question #3 - What troubles you most about the decision faced by Jim Teague?
View More

the right one. Healthcare professionals must deal with these challenges based on their training and knowledge of ethical principles and decision making. Choose an ethical dilemma from the list below and answer the questions that follow. Use your knowledge and understanding from what you have already learned from Unit 1 and 2 lessons and the textbook reading assignments. Genetic testing and home test kits Physician-assisted death Artificial intelligence and clinical decision making Organ transplantation and artificial organs Note: If you would like to choose a dilemma other than one on the list, please consult with your instructor and obtain permission. Describe the issue and why and how it poses an ethical dilemma for healthcare providers and healthcare organizations? What ethical principle(s) would be applicable to the dilemma? Describe the ethical decision-making steps used to come to an ethical decision? With whom would a healthcare professional consult in coming to a decision? How are your personal values challenged? What would be a personal bias or conflict of interest in resolving this dilemma
View More

t you have in stocks besides unlimited supply of water (0% alcoholic content, 0 in cost): Beer ;Alcohol content; Cost per gallon; In stock (gallons) Low; 0.25%; 0.55; 500 Light; 2.50%; 0.65; 500 Heavy; 4.50%; 0.80; 500 Dark; 6.00%; 0.75; 500 What is the mix of existing beer (and water) to make 1500 gallons of 3 percent beer with the minimum cost? 1. Show the mathematical formulation of the optimization problem (decision variables, objective, and constraints) 2. What is the optimal mix of the existing beer (and water) to meet the order requirement? 3. What is the minimum cost incurred? 4. If the optimal mix maintains its pattern, without re-solving the problem, construct the new optimal mix of existing beer (and water) to make 1600 gallons of the 3 percent beer
View More

Basic Concepts in Economics:

Economics have mainly five concepts

• Demand and supply
• Scarcity of resources
• Time value of money
• Opportunity cost

Economics is divided into two types:

Microeconomics

Micro derived from the greek word “Mikros” meaning small ,so it deals with the choices of a single entity or say individual unit such as consumer, household, a firm , industry and price of a product.

Micro economics studies

• Product pricing
• Consumer behavior
• Factor pricing evaluation
• Firms behavior
• Industry’s location

Macroeconomics

Micro economics studies

• National income
• General price level
• Employment level
• Saving and investment level
• BoP (balance of payment) & BoT (balance of trade)

Economics Homework Questions & Answers - Sample

Question 1: Which variable is not a part of macroeconomics ?

(a) Gross Domestic product

(b) Consumer Behaviour

(c) Total expenditure of a nation

(d) Inflation rate.

Answer :  b, as it is a variable of micro economics

Question 2:  Explain the variable of microeconomics.

Answer : Variables that deal with the individual units are the part of the microeconomics.

For example -

• Behaviour of a consumer
• Production of a local business unit
• Product pricing etc

Question 3: From where the word micro derived and what does it mean?

Answer : The word micro is derived from a greek word “Mikros” which means small.

Need help with microeconomics, macroeconomics and business problems?

Economics is a branch of social science that is vast in nature and covers a lot of theory aspects. Economics as a subject is commonly studied by high school & college students and is divided into the two primary branches commonly referred to as – micro & macro economics.

Economics students not only deal with a theoretical concept but also need to comprehend data from the graphs, identify patterns, produce forecasting reports and even conduct deeper research to understand the models of economics such as the correlation between elasticity of demand and opportunity cost or how does monopoly impact the supply and demand of goods and services in a given industry. Understanding consumer behavior is another important aspect of economics and the most tricky one too.

At TutorEye, we have designed our economics homework help service to help students get to the details & get guidance on assignments or economics essays without worrying
about the complexity of the topic. We match the best economics homework solvers with the complexity of the question & the budget of the students within minutes.

Our economics tutors have years of industry and teaching experience which helps them provide guidance to students from all basic to advanced level topics.

Find out how much will it cost to hire an economics solver?:

Step 1: Fill out the help homework form & post your homework questions.

Step 2: Choose from multiple requests that fit your budget and timeline.

Our work is 100% original, and we stand behind the quality of support and guidance provided. We help college students like you daily to understand difficult concepts, find solutions to improve their economics grades.