The Australian Government monitors the behaviour of oligopolies to ensure firms are not behaving anti-competitively. One behaviour they are concerned about is collusion. Design and analyse a payoff matrix to explain collusion. Do you think rational firms would collude? Why or why not? Explain the Nash equilibrium and resulting payoffs. Can the firms do better? Does behaviour in real-life differ from the theoretical prediction? What can be used to sustain collusion in the real world?

Feel free to copy/paste the below and fill in the blanks with example numbers:

Firm 1	Firm 2
		Collude	Compete
	Collude	( , )	( , )
	Compete	( , )	( , )

Nataliya is a fan of soy yoghurts, but recently she has noticed less soy yoghurts on supermarket shelves, with new alternative products such as almond milk yoghurt appearing in their place. What effect does the entrance of new firms have on the market for almond milk yoghurt? What effect does this have on the market for soy yoghurt? What does this tell us about the cross-price elasticity of demand for soy yoghurts? Do you think soy yoghurt and almond milk yoghurt are substitutes or complements in consumption and why? What effect do the new products have on the own-price elasticity of demand for soy yoghurts?

ESSAY [40 MARKS]

Due to COVID-19 pandemic, the consumer purchasing decision making has significantly altered to the new consumers' lifestyle surrounding and circumstances.

do you agree with the statement above and explain your answer to support your point of view with the relevant examples

2) When the price of a certain product is $40, then 25 items can be sold. When the price of the same product costs $20, then 185 items can be sold. On the other hand, when the price of this product is $40, then 200 items will be produced. But when the price of this product is $20, only 100 items will be produced.

a) Find the supply and demand functions for this product (assume for simplicity that the functions are linear).
b) Find the equilibrium price and quantity.
c) Compute the consumer and producer surplus at the equilibrium price.

Jo was in the market for a used car when she first moved to Melbourne. She spent many hours walking around at Car City looking for one. She found that the salespeople were overly friendly and asked her lots of questions about her life, which frankly, were none of their business. Why were the salespeople doing this? How do you think this information affected the price of the car? Jo had a budget in mind and ended up paying her top price for a car. What does this mean? How does this outcome affect producer and consumer surplus? What about society as a whole?

Nick runs a small business conducting online economics tutorials. He has recently noticed a large influx of competitors to this market. There are now over 50 companies conducting online economics tutorials in Melbourne alone, each with their own technology and style of teaching. What kind of market structure is this? Make sure you examine each of the characteristics of market structure in your answer. Explain whether the government should be worried about any aspects of this market structure. How can the government address these concerns?

Sahar is a lecturer of a large class of economics students. Sahar can’t stand being ill and so decides to get a flu vaccination. On the other hand, some of Sahar’s colleagues decide to skip their vaccinations because they are too busy. Do the lecturers’ decisions on whether or not to get vaccinated affect their students and if so how? Describe any market failures that arise from this situation. Describe how the government can address any of these market failures. What are some of the potential downsides to government intervention in this case?

Jo was in the market for a used car when she first moved to Melbourne. She spent many hours walking around at Car City looking for one. She found that the salespeople were overly friendly and asked her lots of questions about her life, which frankly, were none of their business. Why were the salespeople doing this? How do you think this information affected the price of the car? Jo had a budget in mind and ended up paying her top price for a car. What does this mean? How does this outcome affect producer and consumer surplus? What about society as a whole?

Nick runs a small business conducting online economics tutorials. He has recently noticed a large influx of competitors to this market. There are now over 50 companies conducting online economics tutorials in Melbourne alone, each with their own technology and style of teaching. What kind of market structure is this? Make sure you examine each of the characteristics of market structure in your answer. Explain whether the government should be worried about any aspects of this market structure. How can the government address these concerns?

The director of Transatlantic Corporation issued a prospectus inviting loans from the citizens and stated that the proceeds would be judiciously deployed to extend the business and improve the buildings. But the evidence showed that the company intended to use the money to pay existing debts. The money was lent to the Company because of the statement as mentioned inside the prospectus.

REQUIRED: Write your opinion whether there is a case of misrepresentation or not and justify your position

Sahar is a lecturer of a large class of economics students. Sahar can’t stand being ill and so decides to get a flu vaccination. On the other hand, some of Sahar’s colleagues decide to skip their vaccinations because they are too busy. Do the lecturers’ decisions on whether or not to get vaccinated affect their students and if so how? Describe any market failures that arise from this situation. Describe how the government can address any of these market failures. What are some of the potential downsides to government intervention in this case?

Assignment Tasks This assignment consists of three parts as follows :

Part 1:

Write a report of 300 words that covers the following:

 Fixed Cost

 Variable Cost

 Profit

Part 2 :

Solve the following questions by completing the required calculations:

 A factory has fixed cost of RO 10,000 and produces 500 units of a product at a variable cost of RO 75 per unit. Calculate Total Cost of the factory

 Calculate variable cost per unit for a factory that has a fixed cost of RO 13,200 and produces 25 units of a product at total cost of RO 32,000

 A company is producing 20 products with variable cost 47 per item. The selling price 102 O.R per item. Calculate the following assuming fixed cost is 1050

o Total Cost

o Revenue

o Profit

Part 3

Assume that you will start a new business and establish a new organization, write a report of 500 words that covers the following point about your future organization:

 Draw Organizational structure for the organization

 Identify 4 potential stakeholders for the organization and discuss their role in the organization development

 Do a PESTLE Analysis for your organization at the current time

Rules & Regulations:

 Total words count for the whole assignment should be between 800- 1000 words

 All resources should be cited using CU Harvard style.

 The final assignment must have a Title page, Table of Contents, References/ bibliography using CU Harvard Style and page numbers.

 Introduction and conclusion are not required.

 Title Page must have Assignment Name, Module name, Session, your name, ID, and the name of the faculty.

 Softcopy in word format is to be submitted through Turnitin link.

 Viva might be conducted after the assignment submission as per the dates informed earlier.

 Refer to the marking rubric for marking criteria for report and presentation.

Guidelines:

 Assignment must be computer typed.

 Font - Times New Roman

 Font – Style - Regular

 Font - Size - 12

 Heading should be with Font Size 14, Bold, Capital and Underline.

 Each student has to do the assignment individually

 You can refer books in eLibrary or use internet resource. But you should not cut and paste material from internet nor provide photocopied material from books. The assignment answers should be in your own words after understanding the matter from the above resources.

gives 4 statments about economic impact of unemployment.

write about "is Australia mining industry always need for its economic prosperity?"

positive side
500~1000 words please

is australia will always need mining industry for its economic prosperity?

negative side

500~1000 words please