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ECO401 Assignment No 1 2021 | Spring 2021

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<span style="font-family: verdana;">ECO401 Assignment 1 Spring 2021</span></h3>
<span style="font-family: verdana;">Dear Students, Here you can read or download <b>ECO401</b> - <u>Economics</u> <b>Assignment 1 Solution</b> of Semester Spring 2021. <b>ECO401 Assignment 1 Solution 2021</b> | <b>Spring 2021</b> File and Sample Preview have also been added below. Previously we shared <a href="https://virtualstudysolutions.blogspot.com/2021/05/sta100-assignment-1-solution-2021.html">STA100 Assignment 1 Solution 2021 | Spring 2021</a>.</span>
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<span style="font-family: verdana;">ECO401 Assignment 1 Solution 2021 | Spring 2021</span></h3>
<span style="font-family: verdana;"><span face=""verdana" , sans-serif">You can see the Sample Preview of <u>ECO401 Assignment 1 Solution 2021</u> provided by (<b>Virtual Study Solutions</b>) below. Click on Download Button to Download Solution File in Your PC. </span><span face=""verdana" , sans-serif">Please Share it with your friends. You can also like our Facebook Page or Subscribe Us on YouTube for Latest Updates related to Assignment Solution and Past Papers.</span></span></div><div><span style="font-family: verdana;"><span face=""verdana" , sans-serif"><h3 style="font-family: "Times New Roman";"><span style="font-family: verdana;">ECO401 Assignment 1 Solution Sample Preview:</span></h3><div><span style="font-family: verdana;">The Sample Preview of ECO401 Assignment 1 Solution File is given below. for Complete Solution download the file from the link given below.</span></div></span></span></div><div><div class="post-table">
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ECO401 Assignment No 1 2021 | Spring 2021

ECO401 Assignment 1 Spring 2021 Dear Students, Here you can read or download ECO401 - Economics Assignment 1 Solution of Semester Spri...

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ECO401 Assignment No 1 Solution Fall 2018

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<span style="font-family: "verdana" , sans-serif;">ECO401 Assignment No 1 Fall 2018</span></h3>
<span style="font-family: "verdana" , sans-serif;">Dear Students, Here you can read or Download <u>Economics</u> <b>ECO401 Assignment No 1 Solution</b> of Semester <b>Fall 2018</b>. Assignment Due Date is 22 November, 2018. Total Marks are 10. We are here to facilitate your learning and we do not appreciate the idea of copying or replicating solutions. <b>ECO401 Assignment Solution</b> File has been added. Previously we shared <a href="https://virtualstudysolutions.blogspot.com/2018/11/cs302-assignment-no-1-solution-fall-2018.html">CS302 Assignment No 1 Solution Fall 2018</a>.</span><br />
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<b style="font-family: Verdana, sans-serif;">Recommended :</b><span style="font-family: "verdana" , sans-serif;"> </span><a href="https://virtualstudysolutions.blogspot.com/2018/06/eco401-current-mid-term-papers-spring-2018.html" style="font-family: Verdana, sans-serif;">ECO401 Current Mid Term Papers Spring</a><br />
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<span style="font-family: Verdana, sans-serif;">ECO401 Assignment Question</span></h3>
<span style="font-family: Verdana, sans-serif;"><b>The Case:</b><br /><br />Fertilizer Industry of Pakistan has shown remarkable growth in year 2017-2018.<br />Presently, more than 14 factories are producing different types of fertilizers such as urea, calcium ammonium nitrate, ammonium phosphate and nitro phosphate.<br />Fertilizers provide good source of nitrogen to the cultivated soil.Local production of high-grade fertilizers has real contribution in increased agricultural productivity in considered year. Suppose market of urea fertilizer is facing the following demand and supply functions.<br /><br /><b>Demand function of urea:</b><br />Qd = 6500 – 0.5P<br /><br /><b>Supply function of urea:</b><br />Qs = 500 + 2.5P<br /><br />Qd represents quantity demanded of urea, Qs is the quantity supplied of urea and P is the price of urea in the market.<br /><br /><b>Requirement:</b><br /><ol style="text-align: left;">
<li>Find equilibrium price and equilibrium quantity of urea by using the given demand and supply functions.</li>
<li>Consider the data given in this part and identify whether urea market is in shortage, in equilibrium or in surplus situation at different price levels.</li>
<li>Consider the data on prices and quantity demanded of urea given in this part and calculate price elasticity of demand if price of urea decreases from Rs. 2000 per bag to Rs. 1700 per bag. [Marks = 3+4+3]</li>
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<span style="font-family: "verdana" , sans-serif;">ECO401 Assignment No 1 Solution Fall 2018</span></h3>
<span style="font-family: "verdana" , sans-serif;">You can see the Sample Preview of <u>ECO401</u> - </span><span style="font-family: "verdana" , sans-serif;"><b>Economics</b></span><span style="font-family: "verdana" , sans-serif;"> </span><u style="font-family: verdana, sans-serif;">Assignment No 1 Solution</u><span style="font-family: "verdana" , sans-serif;"> provided by (Virtual Study Solutions) below. Click on Download Button to Download Solution File in Your PC. Please Share it with your friends. You can also like our Facebook Page or Subscribe Us below for Updates.</span><br />
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<span style="font-family: "verdana" , sans-serif;"><b>Recommended </b></span><span style="font-family: "verdana" , sans-serif;"><b>:</b> <a href="https://virtualstudysolutions.blogspot.com/2015/11/eco401-all-past-solved-mid-term-papers.html">ECO401 All Solved Mid Term Past Papers</a></span></div>
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ECO401 Assignment No 1 Solution Fall 2018

ECO401 Assignment No 1 Fall 2018 Dear Students, Here you can read or Download Economics ECO401 Assignment No 1 Solution of Semester Fal...

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ECO401 Assignment No 1 Solution Fall 2017

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<span style="font-family: Verdana, sans-serif;">ECO401 Assignment No 1 Fall 2017</span></h3>
<span style="font-family: Verdana, sans-serif;">Dear Students, <b>ECO401 </b><b>Assignment Solution</b> has been added. Here you can read or Download </span><span style="font-family: Verdana, sans-serif;"><u>ECO401</u></span><span style="font-family: Verdana, sans-serif;"><u> </u></span><span style="font-family: Verdana, sans-serif;">- Economics </span><span style="font-family: Verdana, sans-serif;"><u>Assignment No 1 Solution</u> and Discussion of Semester <b>Fall 2017</b>. Assignment Due Date is 20 November, 2017. Total Marks are 10. We are here to facilitate your learning and we do not appreciate the idea of copying or replicating solutions. Previously we share <a href="http://virtualstudysolutions.blogspot.com/2015/06/eco401-midterm-solved-papers-mcqs-mega.html">ECO401 Midterm Solved papers MCQs Mega Collection</a>.</span><div>
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<span style="font-family: Verdana, sans-serif;">ECO401 Assignment Deadline</span></h3>
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<span style="font-family: Verdana, sans-serif;">ECO401 Assignment Formatting Guidelines</span></h3>
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<span style="font-family: Verdana, sans-serif;">Use the font style “Times New Roman” or “Arial” and font size “12”.<br />It is advised to compose your document in MS-Word format.<br />You may also compose your assignment in Open Office format. Use black and blue font colors only.</span><h3 style="text-align: left;">
<span style="font-family: Verdana, sans-serif;">ECO401 Assignment Rules for Marking</span></h3>
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<li>It is cheated or copied from other students, internet, books, journals etc.</li>
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<b>Note related to load shedding</b>: <span style="color: red;">Please be proactive</span></span><h3 style="text-align: left;">
<span style="font-family: Verdana, sans-serif;">ECO401 Assignment Questions</span></h3>
<span style="font-family: Verdana, sans-serif;"><b>The Case</b>: Tomato is second most popular vegetable after potato with 124.75 million tons of production. It is a necessary part of diet because it is useful in raw form as well as in cooked form. Tomato is a main source of vitamin A, B and C with 20% share in daily usage, and it also provides other nutritional elements like potassium, calcium, fiber and iron. Presence of Lycopene made it useful against cancer. In Pakistan, monthly per capita tomato consumption was 0.39 kg and 0.42 kg for rural and urban people, respectively. In recent month, the price of tomato showed a spike due to several reasons such as reduction in import from India and less production in Pakistan.<br /><br /><b>Suppose the demand and initial supply equations of tomato are given as follows:</b><br />Qs = 34 + 0.25P<br /><br />Qd =88 – 0.05P<br /><br /><b>Due to the above mentioned supply shock (reduction in import from India and less production in Pakistan), the supply equation changed as follows:</b><br />Qs = 22 +0.25P</span><h3 style="text-align: left;">
<span style="font-family: Verdana, sans-serif;">ECO401 Assignment Requirement:</span></h3>
<span style="font-family: Verdana, sans-serif;"><ol style="text-align: left;">
<li>Find the equilibrium quantity and equilibrium price of tomato before supply change.</li>
<li>Find the equilibrium quantity and equilibrium price of tomato after supply change.</li>
<li>If the price announced by market committee is P = Rs. 140 per kg then how much amount of shortage or surplus would occur after the supply shock? Marks: (4+4+2)</li>
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<span style="font-family: Verdana, sans-serif;">ECO401 Assignment No 1 Solution Fall 2017</span></h4>
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ECO401 Assignment No 1 Solution Fall 2017

ECO401 Assignment No 1 Fall 2017 Dear Students, ECO401 Assignment Solution has been added. Here you can read or Download ECO401 - Ec...

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ECO401 ASSIGNMENT NO 01 Solution Fall 2016

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<span style="font-family: "trebuchet ms" , sans-serif;">ECO401 ASSIGNMENT NO 01 Fall 2016</span></h3>
<span style="font-family: "trebuchet ms" , sans-serif;">Here is the <b>Solution</b> of <b>ECO401</b> – Economics - <b>Assignment No. 1</b>. This is to inform that Assignment No. 1 has been opened due date of assignment submission will be NOVEMBER 21, 2016. </span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">Download ECO401 Assignment#01 Solution</span></h4>
<span style="font-family: Trebuchet MS, sans-serif;"><a href="http://api.ning.com/files/3QCA0XbBBMwrotjIgjxecWfKrlJlreZQJK-ftGEuJRBWRGVQU-3dY4zv8YOMw2beB*GF5PmCqagc2O23go3fCbnhesvv99Mp/EC0_401SOLUTION.doc" rel="nofollow" target="_blank">EC0_401_SOLUTION.doc</a><br /><br /><a href="http://api.ning.com/files/3QCA0XbBBMyOt20uEI0hytausVLK7VGmxu*29nhHnH*p5voatxoMyvYn9tTUdD0eMgJtXBi3ypnrAoJiEZn6LBSouNqZZtZL/ECO401_Solution.DOCX" rel="nofollow" target="_blank">ECO-401_Solution.DOCX</a></span><div>
<span style="font-family: "trebuchet ms" , sans-serif;"><br />A 24 hours extra/grace period after the due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies; and above mentioned due date should always be treated as final to avoid any inconvenience.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Also Read: <a href="http://virtualstudysolutions.blogspot.com/2016/11/pak301-assignment-no-1-solution-fall.html">Pak301 Assignment No 1 Solution Fall 2016</a></span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">ECO401 ASSIGNMENT NO 01</span></h3>
<span style="font-family: "trebuchet ms" , sans-serif;"><b>ECONOMICS (ECO401) ASSIGNMENT NO. 01</b></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><b>DUE DATE: NOVEMBER 21, 2016</b></span><span style="font-family: "trebuchet ms" , sans-serif;"><b><br />MARKS: 20</b></span><br />
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The Case:</h3>
<span style="font-family: "trebuchet ms" , sans-serif;">Uber Technologies Inc. is an American worldwide online transportation network company<br />whose headquarter is in San Francisco, California. This company was established in 2009. It developed markets over 66 countries and 507 cities all over the world. Those people who have cars can register with this company and can earn money. Services of this company are also beneficial for the consumers because fare is very low. This company also started services in Pakistan in March 2016. Uber service demand is increasing day by day and car holders are also getting registration. Suppose the Uber Company in Pakistan is facing the following demand and supply functions:</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Qd = 4000-4P<br />Qs= 1000+P</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Where ‘P’ is the price of fare per ride and ‘Qd’ is quantity demanded in terms of number of cars<br />demanded by consumers. ‘Qs’ is number of cars offered by company.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Also Read: <a href="http://virtualstudysolutions.blogspot.com/2016/11/cs607-assignment-no-01-solution-fall.html">CS607 Assignment No 01 Solution Fall 2016</a></span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">ECO401 Assignment Requirements:</span></h3>
<span style="font-family: "trebuchet ms" , sans-serif;"></span><br />
<ol style="text-align: left;"><span style="font-family: "trebuchet ms" , sans-serif;">
<li>Find equilibrium price and equilibrium quantity of cars. Also show equilibrium condition with the help of graph.</li>
<li>Calculate price elasticity of demand using point elasticity method when the company is in equilibrium and interpret the result.</li>
<li>What will be the effect on the equilibrium situation of the company if fuel prices increase remarkably in the market? Illustrate graphically.</li>
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(Marks: a: 2+2+3, b: 5+3, c: 5)</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">ECO401 ASSIGNMENT IMPORTANT Note:</span></h3>
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<span style="font-family: "trebuchet ms" , sans-serif;">24 hours extra / grace period after the due date are usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Also Read: <a href="http://virtualstudysolutions.blogspot.com/2016/11/cs506-assignment-no-1-solution-fall-2016.html">CS506 Assignment no 1 Solution Fall 2016</a></span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">ECO401 ASSIGNMENT IMPORTANT INSTRUCTIONS:</span></h3>
<span style="font-family: "trebuchet ms" , sans-serif;"><b>ASSIGNMENT DEADLINE:</b></span><br />
<ul style="text-align: left;"><span style="font-family: "trebuchet ms" , sans-serif;">
<li>Make sure to upload the solution file before the due date on VULMS.</li>
<li>Any submission made via email after the due date will not be accepted.</li>
</span></ul>
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<b>ASSIGNMENT FORMATTING GUIDELINES:</b><br />Use the font style “Times New Roman” or “Arial” and font size “12”.<br />It is advised to compose your document in MS-Word format.<br />You may also compose your assignment in Open Office format.<br />Use black and blue font colors only.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">ECO401 ASSIGNMENT RULES FOR MARKING</span></h3>
<span style="font-family: "trebuchet ms" , sans-serif;">Please note that your assignment will not be graded or graded as Zero (0), if:</span><br />
<ul style="text-align: left;"><span style="font-family: "trebuchet ms" , sans-serif;">
<li>It is submitted after the due date.</li>
<li>The file you uploaded does not open or is corrupt.</li>
<li>It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.</li>
<li>It is cheated or copied from other students, internet, books, journals etc.</li>
<li>Note related to load shedding: Please be proactive</li>
</span></ul>
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</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">Also Read: <a href="http://virtualstudysolutions.blogspot.com/2016/11/cs605-assignment-no-01-solution-fall-2016.html">CS605 Assignment No 01 Solution Fall 2016</a></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-family: "trebuchet ms" , sans-serif;"><a href="http://virtualstudysolutions.blogspot.com/2016/11/cs605-assignment-no-01-solution-fall-2016.html" style="background-color: #e1efa0; margin: 0px; padding: 0px; text-decoration: none; transition: color 0.15s linear;" target="_top"><span style="color: black;"><br /></span></a>Dear students! As you know that Pre Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.</span></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Download ECO401 </span><span style="font-family: "trebuchet ms" , sans-serif;">Assignment</span></h3>
<span style="font-family: "trebuchet ms" , sans-serif;"><a href="http://vustudents.ning.com/group/eco401economics/forum/attachment/download?id=3783342%3AUploadedFile%3A5663538">Fall 2016_ECO401_1.pdf</a>, 170 KB</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif; font-size: x-large;">ECO401 ASSIGNMENT NO 01 Solution </span></h4>
<span style="font-family: "trebuchet ms" , sans-serif;">Here is the Solution of ECO401 Assignment Fall 2016</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">ECO-401 Assignment Question no 1 Solution</span></h4>
<span style="font-family: "trebuchet ms" , sans-serif;">Find equilibrium price and equilibrium quantity of cars. Also show equilibrium condition with the help of graph. </span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;"><b>Solution: </b></span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;"><br />Qd= 4000-4P <br />Qs= 1000+P <br />Solution: <br />Qd = Qs <br />So ,<br />4000 - 4P = 1000 + P <br />4000-1000 = 4P + P <br />3000 = 5P <br />P = 3000/5 <br />P = 600 <br />Now <br />Qd = 4000 -4(600) <br />= 4000 - 2400 <br />= 1600 <br />and<br />Qs = 1000 + 600 <br />= 1600 <br />So <br />Equilibrium Price is 600 <br />Equilibrium quantity is 1600 </span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">ECO-401 Assignment Question no 2 Solution</span></h4>
<span style="font-family: "trebuchet ms" , sans-serif;">Calculate price elasticity of demand using point elasticity method when the company is in equilibrium and interpret the result.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><b>Solution:</b></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Here is an example demand curve: Q = 4,000 - 4P <br />Given this demand curve we have to figure out what the point price elasticity of demand is at P = 600 and P = 60. <br />First we need to obtain the derivative of the demand function when it's expressed with Q as a function of P. Since quantity goes down by 4 each time price goes up by 1, <br />This gives us (ΔQ/ΔP)= -4 <br />Now <br />= (-4) X (600/1600) <br />= -1.5 <br />And these results make sense, first, because they are negative (downward sloping demand) and second, because the higher level results in a relatively more price elasticity of demand measure </span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">ECO-401 Assignment Question no 3 Solution</span></h4>
<span style="font-family: "trebuchet ms" , sans-serif;">What will be the effect on the equilibrium situation of the company if fuel prices increase remarkably in the market? Illustrate graphically. </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><b>Solution:</b><br />Upward shifts in the supply and demand curves affect the equilibrium price and quantity. If the supply curve shifts upward, meaning supply decreases but demand holds steady, the equilibrium price increases but the quantity.</span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">Download ECO401 Assignment#01 Solution</span></h4>
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-family: Trebuchet MS, sans-serif;"><a href="http://api.ning.com/files/3QCA0XbBBMwrotjIgjxecWfKrlJlreZQJK-ftGEuJRBWRGVQU-3dY4zv8YOMw2beB*GF5PmCqagc2O23go3fCbnhesvv99Mp/EC0_401SOLUTION.doc" rel="nofollow" target="_blank">EC0_401_SOLUTION.doc</a><br /><br /><a href="http://api.ning.com/files/3QCA0XbBBMyOt20uEI0hytausVLK7VGmxu*29nhHnH*p5voatxoMyvYn9tTUdD0eMgJtXBi3ypnrAoJiEZn6LBSouNqZZtZL/ECO401_Solution.DOCX" rel="nofollow" target="_blank">ECO-401_Solution.DOCX</a></span></span></div>
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ECO401 ASSIGNMENT NO 01 Solution Fall 2016

ECO401 ASSIGNMENT NO 01 Fall 2016 Here is the Solution of ECO401 – Economics - Assignment No. 1 . This is to inform that Assignment No....

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