About ECO607 Assignment 1
ECO607 Assignment No 1 for Fall 2026 is from Mathematical Economics II. It covers lesson 10: Firm’s Analysis using Integrals, carries 10 marks and is due on VULMS by 11:59 pm on Monday 9 November 2026. You can request the solution from this page.
- Course
- ECO607 Mathematical Economics II
- Assignment
- Assignment No 1
- Semester
- Fall 2026
- Lesson
- 10: Firm’s Analysis using Integrals
- Total marks
- 10
- End date
- Mon 9 Nov, 11:59 pm
What ECO607 Assignment 1 asks
This assignment requires students to analyze a firm producing life-saving medicine under a fixed price and a specific marginal cost function. Students must apply integration techniques to calculate economic surplus values based on the provided cost model. The work involves determining the producer's surplus at a given output level and calculating the change in surplus resulting from a production reduction due to taxation. All calculations must be presented step-by-step.
-
1
Part a
5 marksDetermine the producer's surplus for the firm at a price of $300 per unit. You must show all steps of your calculation clearly.
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2
Part b
5 marksCalculate the change in producer surplus when a tax reduces production from 10 units to 8 units. You are required to show all steps of your calculation for the output level range of 8 to 10.
- What to submit
- One MS-Word or Open Office file using Times New Roman or Arial font size 12 in black or blue colors.
- Topics covered
- Marginal cost function Producer surplus Definite integrals Economic analysis of firms Tax impact analysis
A summary of the assignment file, Fall 2026_ECO607_1.pdf. Download the file for the full wording before you start.
Lesson covered
The questions in this assignment come from this lesson. Read it in the ECO607 handout before you open the assignment file, then practise it with the MCQs and past papers.
Solution
The solution has not been added yet. Request it from the download box and it will be added to this page, usually within a day.
Before you submit on VULMS
- 1 Start on the questions in the assignment file now. The solution will be added to this page once it is written.
- 2 Write the final answer in your own words. VU checks assignments for copying, and copied work gets zero marks.
- 3 Save your answer in the file type the assignment file asks for, and name it with your student ID, for example BC260012345.
- 4 Open the file once more to check it is not empty or corrupted, then upload it on VULMS before 11:59 pm on Mon 9 Nov.
Questions about this assignment
When is ECO607 Assignment 1 due?
Monday 9 November 2026 at 11:59 pm. VULMS does not accept files after the deadline.
When will the solution be added?
Most solutions are up within a day of a request. Requests tell us which ones to write first, and 0 students have asked for this one so far.
Can I submit the solution as it is?
No. VU checks assignments for copying, and copied work gets zero marks. Use the solution to check your method, then write your own answer.
What file do I submit?
The assignment file says which file type to upload and lists any extra instructions from your instructor. Name the file with your student ID before you upload it on VULMS.