Microeconomics Assignment Help
Microeconomics is the basis of economics. It studies the behavior of individuals and businesses to understand how the decisions are made. It also advises people on the optimum uses of limited resources. The aim of Microeconomics assignment help of BookMyEssay is to assist students of economics, who are struggling in economics assignments writing. Scoring high in assignment is a dream of every student. BookMyEssay does everything in very professional way to make that dream a reality.
What is Microeconomics?
Resource is always scarce. People can’t purchase everything they like with their money. One way, they have limited money to purchase the things they need, and on the other way, there is a demand and supply relation to everything they use in their life time.
So, there comes a question of choice. It means, which product or services they have the urgent need, and which can be deferred for sometimes. Again, as people have limited money in hand, there are many products or services they will not be able to buy even in future.
It is a complex situation. A person’s decision to buy or reject something solely depends on his or her choice, availability of the product and availability of money. Microeconomics examines how the behavior and decisions of an individual affects the demand and supply of available products and services. It also examines the opposite events too, i.e.how the demand and supply condition of the products and services influence a buyer’s behavior.
Common Topics on Microeconomics:
Following are the common topics of Microeconomics –
- Supply, Demand and Market – This is the most common topic in microeconomics. Again, this is the most known part of economics. Some important studies in this part are law of demand, law of supply, Price determinants, Normal goods, Inferior goods, Essential goods, Factors that influence demand and supply, market equilibrium and change in market equilibrium, etc.
- Price elasticity – Here students study the price sensitivity of a product. Some studies in this portion are like price elasticity of demand, elasticity of supply, cross elasticity of demand, etc.
- Production possibilities – In this part students study how entrepreneurs decide what to produce and how to market the product for maximizing demand. It includes, opportunity cost, marginal cost, economic growth through investments, etc.
- Marginal utility – It is the additional satisfaction one gains from consuming extra units of the product or service. The topic includes studies like law of diminishing marginal utility, equalizing marginal utility, etc.
- Economic profit and opportunity cost – It is not like accounting profit. Students are often given lessons on the basic differences between economic cost and accounting cost. Besides, it also includes, Average Total Cost (ATC), Marginal Cost (MC), and Marginal Labor Cost (MLC), etc.
Apart from these important topics, there are innumerable other topics and sub-topics are covered by BookMyEssay.
The expert writers constantly update their knowledge on the subject and provide exclusive assignments that are sure to impress the examiners.
How Expert Writers Help Students?
Writing an assignment on microeconomics is not an easy task. It involves graphs, charts, theories, conceptualization of the task given in an assignment, and at last, writing microeconomics assignment in flawless English. An expert microeconomics assignment writer takes all sorts of responsibilities to complete the task successfully. The expert writer keeps focus on the above-mentioned aspects –
- First of all, he reads the guideline given with the assignment repetitively. This guideline is important because it mentions the word limit, writing type, writing style, referencing style, and most importantly the details about the topic of the assignment.
- An expert writer always uses maximum number of relevant resources with latest information. It is not possible for a student of economics to get the latest references, like books, journals, case studies, etc. But, an expert has no such problem. Hence, he could invariably use such references in the assignments he need to complete.
- An expert microeconomics assignment writer keeps focus on the deadline too. He knows the importance of the deadline, as marks are deducted for the delayed submission of an assignment.
- An expert writer possesses strong hold on English language too. He writes in flawless English with clear sentences and without using any complicated words. He is also expert in applying appropriate economics terms so that the assignment always seems impressive to the examiner.
- Last but not the least, an expert writer always delivers 100% plagiarism free customized assignments to the students.
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