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Must be an expert in accounting and mirco economics Please watch these video links https://youtu.be/BM7Nu1Qg5bM https://youtu.be/j_zTL3I7n9E

Date Posted: 15/11/2018
Category: Economics
Due Date: 15/11/2018
Instruction
Part 1 Microecon watch the above videos APA format After watching the Section 5.3 Review and Section 6.2 Review videos, respond to the questions below. Gas prices fluctuate often and in both directions. In your initial post, respond to the following: How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants of elasticity to explain your answer. How does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality? Consider incorporating the supply-and-demand model to demonstrate the elasticity of demand for gas and to show the effects of tax on the market for gas. Part 2 Accounting 200 words APA format Companies can choose from different costing methods: process/product costing and activity-based costing. Think about a company you know and answer the following: What are the differences between the two costing methods, and how do these apply to your company? What are some ABC cost drivers the company might use? How could the costs differ if one method is chosen over the other? Which method would you recommend for your company, and why?
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