Intermediate Microeconomics (ECS2601)

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Intermediate Microeconomics - ECS2601 Latest exam pack questions and answers and summarized notes for exam preparation. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 .

ECS2601 EXAM PACK 2025 (FROM MAY/JUN 2023 – OCT/NOV 2024) QUESTIONS WITH RESPECTIVE ANSWERS, CREATED FOR EXAM REVISION FROM RECENT PAST EXAM PAPERS. FOLLOW MY PROFILE FOR KEY REVISION MATERIALS. PAST PAPERS, PRESCRIBED BOOKS AND TUTORIAL LETTERS. CHECK MY PROFILE AND SEARCH FOR ANY UNIT, e.g., ENG1503

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ECS2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (655050) - DUE 2 April 2025; 100% TRUSTED Complete, trusted solutions and explanations

ECS2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (655050) - DUE 2 April 2025; 100% TRUSTED Complete, trusted solutions and explanations.

ECS2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (655050) - DUE 2 April 2025; 100% TRUSTED Complete, trusted solutions and explanations.

Question 1: (15 marks) 1.1 In microeconomics we need to make certain assumptions about the preferences of consumers. Use real life examples to explain any two of these assumptions. (4) 1.2 Critically evaluate why the marginal rate of substitution between two goods must equal the ratio of the price of the goods, for the consumer to achieve maximum satisfaction. (3) 1.3 Comment on any two of the following topics related to elasticities: (4) (a) Arc elasticity of demand (b) Cross price elasticity o...

ECS2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (655050) - DUE 2 April 2025; 100% TRUSTED Complete, trusted solutions and explanations.