Microeconomics 5

Assignment: 

In this assignment, you will calculate the Price Elasticity of Demand, demonstrate a firm understanding of consumer choices based on differing marginal utilities, consumer surplus, and how the buying choice and amount of consumer surplus changes based on various pricing schemes.

In this assignment, you will be assessed on the following outcome:

BU224-5: Examine how the concept of utility affects purchasing decisions by individuals and consumer surplus.