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Microeconomics Assignment Unit 5 It is strongly recommended that you complete th

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Microeconomics Assignment Unit 5
It is strongly recommended that you complete this learning activity after completing all the unit readings and before beginning your assignment. This will help you practice important concepts related to skills needed for the assignment.
General Instructions:
Download your assignment template document from Course Documents. You will find this in the “Course Resources” module in the left navigation area which is located under your Digital Book. Select the “Load More” button at the bottom of the list to view all the available documents. Look for the document entitled: Unit 5 Assignment Template
Unless specified differently by your course instructor, save this assignment template to your computer with the following file naming format: Course number_section number_last name_first name_unit number
At the top of the template, insert the appropriate information: Your name, course number, and section, and the date
Insert your answers in the appropriate space provided for the question. Your answers should:
follow current APA format with citations to your sources,
include a list of references at the bottom of your last page,
be in Standard English with correct spelling, punctuation, grammar, and style,
be double-spaced,
be formatted in Times New Roman,12-point, black font, and
respond to questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions.
Upload the completed assignment to the appropriate Dropbox.
Direct any questions about the assignment to your course instructor.
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.
Download the Unit 5 Assignment template to get started.
Assignment Checklist:
Review the Unit 5 Assignment rubric to ensure your work covers all criteria on which you will be graded.
Make sure your assignment is in the Word template and saved with the file name specified in the general instructions.
Submit your completed assignment to the Unit 5 Assignment Dropbox.
In this assignment, you will be assessed on the following Course Outcome:
BU224-5: Examine how the concept of utility affects purchasing decisions by individuals and consumer surplus

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