The accompanying table lists the cross-price elasticities of demand for several goods, where the ­percent quantity change is measured for the first good of the pair, and the percent price change is measured for the second good.

Good                                                                                        Cross-price elasticities of demand

Apple and orange                                                                                +0.95

Shirt and trousers                                                                                -2.55

Explain the sign of each of the cross-price elasticities. What does it imply about the relationship between the two goods in question?

b.

Which of the following goods are likely to have elastic demand, and which are likely to have inelastic demand? Justify you answers.

Egg

Restaurant meal

The outline, ideas and explain these ideas of topic: I agree that specific plans do not contribute to improve organizational performance in an uncertain business environment

Consider the market for airline tickets. For the purpose of answering this question, suppose the airlines are perfectly competitive. Demand for airline tickets is given by Qd=3600-1000P and supply is given by Qs=500P Draw a diagram of this market, where the horizontal axis is total miles flown in a year, and the vertical axis is price per mile. Show the effect on this market of providing a subsidy of $1 a mile on the producer. Label the diagram and identify the areas on the diagram that correspond to: total producer surplus before and after the subsidy; consumer surplus before and after the subsidy; cost of the subsidy; total dead weight loss caused by the subsidy.

Discuss FIVE (5) tools to be used for the performance measurement in Malaysia Airlines Bhd.

Taco Bell, one of the leading fast food chains in USA, plans to start operations in Pakistan (Karachi). Taco Bell, in its country of origin, is known for spicy Mexican food and affordable prices. In Pakistan, however, it is an almost unheard of entity. A large Pakistani group has taken the franchise and wishes to conduct a pre-launch survey to gauge the likely consumer response based on consumer’s preferences in terms of taste, price, ambience etc. Requirements: Assume that you have been asked to design a questionnaire for this survey. Write down at least 10 questions for such a questionnaire, excluding bio-information questions. As a first step, identify your target population and give a brief demographic profile of your potential respondents. (250 Words)

Compare and contrast what happens to total revenue, total cost, and profit when the monopolist increases its price, in both the elastic and inelastic portions of the demand curve. Repeat for a decrease in price.

Let us consider the company 'MTN Namibia' for our study.

Identify all “information” assets that form part of the organisation. Perform asset valuation to determine asset value or worth of each asset identified.

Germany has given Zambia a K370 million rapid response package to mitigate the effects of COVID – 19 (Coronavirus), especially on the vulnerable. The support is focusing on expanding social protection measures through social cash transfers and supporting health systems in combating the pandemic by procuring medical supplies like protective equipment, essential medicines, and enhancing testing and laboratory capacity (Tuesday, May 12, 2020: Zambia Daily Mail.)
In April, 2020, Trade Kings made a contribution of K155, 000.00 to the fight against the spread of COVID – 19 (Coronavirus) in Zambia. What justification do you think the company management should give or will give to the owners of the business for taking such a commendable action? Is there any Economic benefit in taking such an action? .
(Be constructive and Analytical in your justification)

Do you think structural unemployment is natural or not? Provide one real and one futuristic (just make up, use your imagination) example for structural unemployment. Explain them.

(Please solve the problem in detail. Thnx for help)

Define Public goods. Why is it that the provision of public goods is problematic under collective action? (not less than 1000 words)

Research question: To what extent has FDI by Huawei benefited the Lagos, region of Nigeria?

• What documents/research will you be using to answer your research question
• What economic theory you will be using to answer your question
• hypothesises

Please I need answer for This question and it is very important and I need solution for this issue with all the details just nu , and help me with all the details, so that I can read and understand your answer clearly.I need step by step solution to the following this question asap .I have limited time so please do it quickly with detailed explanation.thanks in advance/Ha

Q. In a competitive equilibrium, the equilibrium wage clears the market and everybody that is looking for a job can find one. But in reality, we observe quite widespread involuntary unemployment.

a) Describe how search frictions can generate unemployment in equilibrium.

b) Define structural unemployment and discuss how structural unemployment differs from frictional unemployment.

c) How can the generosity of the unemployment insurance benefit effect the length of the unemployment spell and the accepted wage offer? Use your own words and carefully describe the mechanisms.

How does the effect on work effort from a permanent proportional upward shift in the production function differ from a permanent parallel upward shift in the production function? Explain your answer