ECS2601 Assignment 1
ECS2601 Assignment 1 2025 - Due 2 April 2025 - Image 2

ECS2601 Assignment 1 2025 – Due 2 April 2025

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ECS2601 Assignment 1| Due 2nd April 2025

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.

Yes, according to Learning Unit 3: Consumer behaviour

In microeconomics, we make certain assumptions about consumer preferences to understand how people make choices. Two of these assumptions are completeness and more is better than less.

1. Completeness

This assumption means that consumers …………

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Description

ECS2601 Assignment 1 | Due 2nd April 2025

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.

Yes, according to Learning Unit 3: Consumer behaviour

In microeconomics, we make certain assumptions about consumer preferences to understand how people make choices. Two of these assumptions are completeness and more is better than less.

1. Completeness

This assumption means that consumers …………

4 reviews for ECS2601 Assignment 1 2025 – Due 2 April 2025

  1. vigien88 –

    ⭐⭐⭐⭐⭐

  2. BongzloMani –

    ⭐⭐⭐⭐⭐

  3. eliz33 –

    ⭐⭐⭐⭐⭐

  4. AmaAsante –

    ⭐⭐⭐⭐⭐

Only logged in customers who have purchased this product may leave a review.

Description

ECS2601 Assignment 1 | Due 2nd April 2025

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.

Yes, according to Learning Unit 3: Consumer behaviour

In microeconomics, we make certain assumptions about consumer preferences to understand how people make choices. Two of these assumptions are completeness and more is better than less.

1. Completeness

This assumption means that consumers …………

4 reviews for ECS2601 Assignment 1 2025 – Due 2 April 2025

  1. vigien88 –

    ⭐⭐⭐⭐⭐

  2. BongzloMani –

    ⭐⭐⭐⭐⭐

  3. eliz33 –

    ⭐⭐⭐⭐⭐

  4. AmaAsante –

    ⭐⭐⭐⭐⭐

Only logged in customers who have purchased this product may leave a review.

5.00Based on 4 reviews
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