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Econ 301: Microeconomics Assignment 1: Semester 3, 2009 Name:Student ID: Each inquiry sentence is worth 5 marks. This assignment is worth 10% of your come in mark for this subject. If you do not beg off how you got your answers or show up calculations which show how you got your answer you bequeath receive zero marks. drumhead 1 Everyone knows that attending Insearch is expensive. entirely this greet frequently is calculated falsely and, as a result, is understated. The following paragraph describes the financial station of a scholarly person attending Insearch. Sue, an aspiring student at Insearch, pays $22,000 in tuition. She pays $7,000 for feed and rent. Sue also spends $3,000 on some other activities, such(prenominal) as pizzas, parties, and clothes. She spends $600 on textbooks per year and makes automobile payments of $3,600 in a year. Sue is not working this year eyepatch in Insearch; but if she did not go to Insearch, she had a business lined up that would have paid her $30,000. If she worked this year, she would have pass $7,000 on food and rent, as well as an extra $3,000 on other expenses. Sue would, of course, have made her car payments of $3,600 pull down if she did not go to Insearch. In terms of dollars, what is the chance cost of Sue attending Insearch for the year? Explain how you got your answer. Insearch Working principle - $ 22000 Job + $ 30000 Food & Rent - $ 7000 Food and rent - $ 7000 former(a) activities - $ 3000 other expense - $ 3000 Textbook - $ 600 motorcar payment - $ 3600 Car salary - $ 3600 Expenses $ 36200 Income $ 16400 Question 2 What is the effect of each of the fol lowing events on the equilibrium price and q! uantity of computers in the Australian grocery store? Draw diagrams to illustrate your answer. a) The price of plastic, which is used to make...If you want to take place short a full essay, order it on our website: OrderCustomPaper.com

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