Question
In: Economics
Question 3: Assume Khan steel in Afghanistan is producing 1200 tons of steel currently. They...
Question 3: Assume Khan steel in Afghanistan is producing 1200 tons of steel currently. They sell each ton for 1000$. Answer the following questions with graphical representation. (8 Marks)
- Suppose Maihan Steel starts operation, and supply steel to the market. What will be the effect on steel market equilibrium? (write your answer in at least 300 words, you will get 2 marks)
- The government dedicates an iron ore mine to steel companies for a very little price compared to international prices. How will this impact the steel market equilibrium? (write your answer in at least 300 words, you will get 2 marks)
- The peace talks with the Taliban succeeded, and most of the people returned to Afghanistan. As result, the construction services are boasted, how will this affect supply, demand, and prices in the steel market? (write your answer in at least 300 words, you will get 2 marks)
- The prices of steel increases because of higher demand for it. As a close substitute of steel, what will happen to the equilibrium in the market of timber, if the previous price of one ton of timber was 600$? As a complement, what will happen to the equilibrium in the market of concrete, if previously the price of one ton of concrete was 900$? (write your answer in at least 300 words, you will get 2 marks)
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
Studying how the management of US Steel, a large steel-producing company, decides how many tons of...
Studying how the management of US
Steel, a large steel-producing company, decides how many tons of
steel to produce and the price to charge for its steel would be
considered
a. descriptive
economics.
b. empirical
economics.
c.
microeconomics.
d. macroeconomics
Question 2: Assume that Andia and Zardia can switch between producing wheat and producing beef at...
Question 2: Assume that Andia and Zardia can
switch between producing wheat and producing beef at a constant
rate.
Production amounts for 1 day
Bushel of Wheat
Pound of Beef
Andia
20
12
Zardia
15
10
According to the table of information above, who has the
absolute advantage in making wheat? Explain.
According to the table of information above, who has the
absolute advantage in making beef? Explain.
Use the information in the new table to compute who has the...
My next question is question 3-a. Is hauling 1,000 tons with respect to Antioch’s trucking/hauling cost...
My next question is question 3-a. Is hauling
1,000 tons with respect to Antioch’s trucking/hauling cost behavior
cost-effective?
I'm thinking the answer would be no because they need to be
hauling more although trucking and hauling is cheaper being 144,970
for 1000 ton's, if they arent hauling enough material,
they arent selling as much ore.
Antioch Extraction, which mines ore in Montana, uses a calendar
year for both financial-reporting and tax purposes. The following
selected costs were incurred in December,...
Question 4 Suppose the POSCO company, Korean multinational company producing steel, decided to conduct mergers and...
Question 4 Suppose the POSCO company, Korean multinational
company producing steel, decided to conduct mergers and
acquisitions (M&As) of an Australian company producing iron
ores by holding ordinary shares more than 50%. This is an example
of __
a. Foreign direct investment and forward integration based on
the product life cycle model.
b. Foreign direct investment and backward integration based on
the product life cycle model.
c. Foreign direct investment and backward integration based on
the internalisation theory.
d. Foreign...
Question 1-3. Assume the following options are currently available for British pounds (₤): •Call option premium...
Question 1-3. Assume the following
options are currently available for British pounds (₤):
•Call option premium on British pounds
= $.04 per unit
•Put option premium on British pounds
= $.03 per unit
•Call option strike price = $1.56
•Put option strike price = $1.53
•One option contract represents
₤31,250.
At a long strangle position, what is your profit (loss) when
spot exchange rate changes to $1.40
-$0.04
+$0.14
+$0.10
+$0.06
-$0.06
What is the profit (loss) you earn from...
Question 3: Answer the following short question Questions 3(a): A milk producing factory has four...
Question 3: Answer the following short question
Questions 3(a): A milk producing factory has four sensors,
First sensor (A) checks the color of milk and
if the color is good it turns ON.
Second sensor (B) checks if the label (sticker)
of company is correctly pasted and turns ON.
Third sensor (C) checks if the cap of bottle is
properly closed and turns ON.
Fourth sensor (D) checks if the weight of the
bottle is correct and turns ON...
Question 3: Answer the following short question Questions 3(a): A milk producing factory has four...
Question 3: Answer the following short question
Questions 3(a): A milk producing factory has four sensors,
First sensor (A) checks the color of milk and
if the color is good it turns ON.
Second sensor (B) checks if the label (sticker)
of company is correctly pasted and turns ON.
Third sensor (C) checks if the cap of bottle is
properly closed and turns ON.
Fourth sensor (D) checks if the weight of the
bottle is correct and turns ON...
A profit-maximizing firm is currently producing output, Q = 3 units and selling at a price...
A profit-maximizing firm is currently producing output, Q = 3
units and selling at a price of p = $10. What MUST be true about
the firm's costs?
A
The firm's Average Variable Cost is less than $10.
B
The firm's Average Total Cost is less than $10.
C
The firm's Marginal Cost is equal to $10.
D
The firm's Average Fixed cost must be less than $10.
Question No (3) ((minimum 1200 word) (10 Marks) As we all know that today's data on...
Question No (3) ((minimum 1200 word)
As we all know that today's data on unemployment becomes more
comprehensive. Today, the hot issue in this regard is unemployment
and inactivity among youth. Recent evidence suggests that the
unemployment rate among this group is relatively high compare to
the adult population across all countries. What are the main
factors behind that? Why do youths decide to be inactive?
Please help me, i'd really appreciate it!
The Patricia Garcia Company Is Currently Producing Seven New Medical Products. Each Of Garcia's ... Question:...
The Patricia Garcia Company Is Currently Producing Seven New
Medical Products. Each Of Garcia's ... Question: The Patricia
Garcia company is currently producing seven new medical products.
Each of Garcia's e... The Patricia Garcia company is currently
producing seven new medical products. Each of Garcia's eight plants
can add one more product to its current line of medical devices.
The unit manufacturing costs for producing the different parts at
the eight plants are shown below. How should Garcia assign the...
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