Question 2 a) Differentiate the following function y = 2x3 - 6x-2 - 4x + 10 b) You invest a K1000 once is a savings account offering 8 interest per annum for 5years. If the interest is compounded, how much would be the value after 5 years. c) If a business currently sells 10,000 units of its product per month at $10 per unit and the demand for its product has a price elasticity of -2.5, a rise in the price of the product to $11 will: d) Write brief notes on each of the following; I. Compensatory Theory of Economic Profits (2) Producer-Producer rivalry (3) Consumers surplus .
In: Economics
Cee Mimi is a Canadian owned women’s swimwear brand with the objective of supplying consumers with sustainable, trendy and affordable pieces. It is exporting from Singapore and imported to Indonesia. Cee Mimi aims to encourage international trade by sourcing raw fabrics and textiles internationally. Indonesia is one of Singapore’s top five trading partners, with Indonesia accounting for over $27.4 billion dollars, around 7% of Singapore's total exports (Workman, 2020).
I need you to construct one PESTLE analysis that accounts for both countries.
These are the instructions below.
Conduct a PESTLE analysis:
1. Things to consider here: What special challenges pertain to the export markets? Consider what your competition might be in the Export country.
2. Consider their exchange rates inflation rate and other financial information that will affect the sales and pricing of your goods.
In: Economics
In: Economics
Are the Ireader good substitutes for paper books?
In: Economics
Suppose two seemingly similar goods or services with significantly different prices. Discuss a minimum of three different possible explanations of why those price differences might exist. Be specific about your assumptions. Be clear in why those goods or services have different prices and whether or not those price differences might disappear over time. Give examples of two goods that might fit each of your explanations. What generalizations about how prices relate to one another can you make? Focus on the economic concepts and focus on the first part of the question, then briefly mention the examples.
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In: Economics
Phoenix Electricity is the only company providing electricity in City H.
a. What kind of market structure should be used to analyze Phoenix Electricity’s production decision?
b. Suppose Phoenix Electricity relies heavily on natural gas but there is a drastic increase in the price of natural gas recently. How does this affect the output and price of Phoenix Electricity? Show the results with the aid of a diagram. (For the sake of simplicity, do NOT draw the AC curve in your answers.)
c. Will Phoenix Electricity earn a larger or a smaller amount of profit? Use words only to explain your answer.
In: Economics
There are 1000 potential travellers each day on the Cop
enhagen
-
Oslo route, of which 500 are yuppies and 500 are hippies. Yuppies are willing to pay 700.00 for an unrestricted ticket
and 400.00 for a restricted ticket. Hippies are willing to pay 500.00 for an unrestricted ticket
and 300.00 for a restricted ticket. Travellers buy the ticket that gives them the highest
surplus (equal to the difference between the willingness to pay and the price), provided that
this surplus is positive. Among the following price policies, which one results in the highest
revenues?
a)
700.00 for an unrestricted ticket and 300.00 for
a restricted ticket.
b)
699
.00 for an unrestricted ticket and 299.00 for a restricted ticket.
c)
598.00 for an unrestricted ticket and 299.00 for a restricted ticket.
d)
498.00 for an unrestricted ticket and 199.00 for a restricted ticket.
In: Economics
Q. Suppose the Fed lowers the interest rate paid on reserves. Draw the money supply / money demand graph, starting from the initial equilibrium, then show clearly the impact on the real interest rate and the quantity of money. Use good labels.
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In: Economics
Question |
Answer |
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Whenever there is change in spending, there will be a change in real GDP. Explain why this is so.(2 Points) |
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Use the graph below to answer the following questions( 3Points) (a) What is the equilibrium GDP?
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What is the effect of net exports, either positive or negative, on equilibrium GDP?(2 Points) |
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The data in the first two columns below are for a private closed economy. Use this table to answer the following questions.(3 Points)
(a) What is the equilibrium GDP for the private closed economy? (b) Including the international trade figures for exports and imports, calculate net exports and determine the equilibrium GDP for a private open economy. (c) What will happen to equilibrium GDP if exports were $5 billion larger at each level of GDP? (d) What will happen to equilibrium GDP if exports remained at $10 billion, but imports dropped to $5 billion? (e) What is the size of the multiplier in this economy? |
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In previous discussion of short-run exchange rate overshooting, we assumed real output was fixed. Assume instead that an increase in the money supply raises real output in the short run. a) How does this affect the extent to which the exchange rate overshoots in the short run? (1 mark) b) Is it likely that the exchange rate undershoots (relative to its long run value) in the short run? Explain. (1 mark) c) Explain with the help of a figure, the transition to long run equilibrium if the exchange rate overshoots relative to its long run value. (1.5 mark) d) Explain with the help of a figure, the transition to long run equilibrium if the exchange rate undershoots relative to its long run value. (1.5 mark) Note: Undershooting is when the spot exchange rate in the short run is less than the exchange rate in the long-run (Elr)
In: Economics
The situation suggests that the marginal social cost curve for parking is above the marginal private cost curve and it would be socially preferable to consume less parking and travel to campus by alternative means.
Use your knowledge of supply and demand and your creative and critical thinking skills to propose four actions that would reduce total demand for parking on campus. Test your understanding of this module’s material by trying to explain each action using the terminology that we’ve become familiar with in the first four weeks. For example: relate your proposed action to movements along a demand curve in response to price, shifts in the demand curve due to changing tastes and preferences or the availability and costs of substitutes etc. Now you’re thinking like an environmental economist!
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Your response should be more than 700 words. Thanks!
Question: As an investor in a social network such as Facebook, discuss TWO risks/factors that could damage the future growth potential of the social network. Support your answer with examples.
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Macroeconomics question regarding unemployment Suppose that a new program implemented by the government authority creates 200 new jobs. Do you think that this would decrease unemployment by 200 (same rate as employment created). Write two paragraphs explaining two strong arguments as to whether this is true or not and why.
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