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you are given demand and supply schedule o burgers. where px is the price of a burger in rupees , QDX is the quantity demand and QSX is the quantity supplied.


px 100 200 300 400

QDX 1100 900 700 500

QSX 50 250 450 650


  1. CALCULATE DEMAND AND SUPPLY FUNCTION
Think about the way you prefer to learn. Do you like to bounce ideas off other people and engage in
conversation and debate, or do you prefer to learn by yourself and seek help only when needed? Our
learners need to be engaged in learning in a variety of ways, but collaborative learning has been identified
as a necessary skill for success in the 21st century and also an essential component of deep learning.
As an EMS educator you’ve been selected to make a class presentation to your colleagues on the use
of co-operative learning strategies for teaching EMS.
1.1.1 What strategy will you choose? /6/
1.1.2 What will be your main points of departure? /6/
1.1.3 What applied examples would you use to illustrate your ideas? /6/
1.1.4 How would you prepare yourself to answer specific concerns and uncertainties that would invertible arise?
/7/
/2

When the price of a product increases by 5% and the quantity demanded of the product changes from 1 500 to 1 200, what is the price elasticity of demand of the product? (Ignore the negative sign and round off to 2 decimal places)

The Extraordinary Manufacturing Company has established that the relationship between sales price for one of its products and the quantity sold per month is approximately 3D=1680-39p units. The fixed cost is P1500 per month, the variable cost is P45 per unit produced.


  • What number of units should be produced and sold per month to maximize net profit? What is the maximum profit?
  • What is the production range of profitable business for the company?

Which industry is most likely to be operated as a monopoly and why?


Can a dictator collect a tax rate of 100% on productions in the country?If no, why not?

1.   Is it reasonable to expect firms to take actions that are in the public interest but are detrimental to stockholders? Is regulation always necessary and appropriate to induce firms to act in the public interest? Substantiate with real world examples



Describe the nature of the goods produced by a monopolistically competitive firm.


May i please have a more detailed explanation, the question is 15 marks.


Expalin how influence market /price regarding the surgeon general announce that eating oranges lowers the risk of heart attack


You are the manager of a firm that receive revenue of Rs.30000 per year from pproduct X and Rs.70000 per year from product Y. The own price elastacity of demand for product X is -2.5 and the cross price elastacity of demand between product Y and X is 1.1. How much will you firm's total revenue ( revenue from both products) change if you increase the price of good X by 1 present
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