A business student is considering opening a business selling ice cream next summer. The student views this as an alternative to taking summer employment with a local firm where he would earn £4,000 during the 3-month summer period. It would cost £2,000 to obtain a license to operate their stand, £1,200 per month to rent the stand with the necessary equipment and £150 per month for insurance. Petrol costs are estimated at £12 per day and are not affected by sales. The ice cream ingredients can be bought for £5.60 per kilo and cones cost £1.80 per dozen. The ice cream cones contain 100 grams of ice cream and would sell for £1.50 each. a) Find the accounting cost function for the proposed business. b) Find the economic cost function for the proposed business. c) Calculate the level of output where the business would make normal profit. a. Chocolate flakes can be bought at £5 for a box of 20, and the ice creams with flakes are sold for £2.20. If 40% of the customers buy these, calculate the effect of this on the output necessary to make normal profit. d) If the student can sell 200 ice creams a day, 40% with flakes, estimate the economic profit he would make. Advise him whether he should enter the business.

Companies come for campus placement where through interview they
try to estimate the candidate’s future marginal revenue product and
after the process decide the salary. After one year’s performance (or
any decided tenure), the candidate is either promoted or sacked. What
economic calculations are taken in account to arrive at the decision?
Explain the answer in detail.

What are some different ways the government can regulate public utilities.

Q1. What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these market structures?

Q2. Why are unions more effective at raising wages in oligopolistic industries than in competitive industries?

List and discuss the stages in the consumer decision process for new products. Give examples.

Outline the economic arguments for and against the regulatory rules known as “net neutrality”. More specifically, is it possible to argue that consumers will be better off from the removal of net neutrality restrictions on internet service providers? Explain

Which of the following is a FALSE​ statement?

A. General Motors of Canada permanently closing down its Oshawa car plant effective December​ 19, 2019, will decrease aggregate expenditure.

B. The Canadian federal​ government's March​ 18, 2020 fiscal stimulus announcement of 82 billion dollars in response to the​ COVID-19 crisis​ will, ceteris​ paribus, increase aggregate expenditure.

C. The Canadian federal​ government's March​ 18, 2020 fiscal stimulus announcement of 82 billion dollars in response to the​ COVID-19 is an example of an expansionary discretionary fiscal policy.

D. General Motors of Canada permanently closing down its Oshawa car plant effective December​ 19, 2019, only affected​ Oshawa, and not the rest of Ontario and Canada.

E. The Canadian federal​ government's March​ 18, 2020 fiscal stimulus announcement of 82 billion dollars in response to the​ COVID-19 crisis​ will, ceteris​ paribus, increase equilibrium expenditure by more than​ $82 billion.

. Both the federal government and individual colleges typically use needs analysis, which considers available income and assets, to determine eligibility for financial aid. Consider a simplified version of needs analysis in which grant aid is awarded in the following manner: - Line A: Total adjusted gross income as reported on income tax form - Line B: Supplement from assets, equal to 0.2 × assets per year - Expected Family Contribution (EFC):0.35 × [Line A + Line B] - Aid Rule: Grant = max(0,$15,000 − EFC) a. What are the maximum levels of income (assuming zero assets) and assets (assuming zero income) at which an individual could be expected to receive financial aid?

b. Under what circumstances does this aid formula create a disincentive for parents to save?

c. Is this aid policy horizontally equitable? How about vertically equitable? What are the potential efficiency consequences of this policy?

Explain the difference between a short-run and a long-run credit constraint. Give an example of a policy that could overcome each type of constraint. Why is it important for financial aid policy to distinguish between short- and long-run credit constraints?

1) Several central banks have used negative official interest rates in recent years, which until recently seemed unimaginable. Indeed, economists used to talk about a zero interest-rate boundary (ZIRB). How is it possible for a central bank to cut its official interest rate below zero?

2) Japan has the world's highest level of government debt. The interest rate (or yield) on 10-year Japanese government debt has been approximately zero for the past three years. What has made this possible? How is it related to quantitative easing?

Please answer ASAP, thank you!

1. Please present, analyze, and comment on a (specific or general) monetary or fiscal policy enacted by the Federal Reserve Bank or by the Federal Government to help our economy by describing the particular context in which that policy was enacted.

what elements in "Understanding the Economic Shock of Coronavirus."

1) What is the cash rate? Provide a definition and its current value. (1 mark)

2) If there is an expected surplus of reserves in the banking system today, what will the Reserve Bank do?

3) What would happen to the cash rate if the Reserve Bank chose not to act? (1 mark)

4) What is quantitative easing, and how might quantitative easing affect the cash rate?

Give an example of how developed countries are not bound legally to provide trade preferences for developing countries and therefore can as far as GATT/WTO procedures are concerned can be changed unilaterally by the developed countries.