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Mr. Jamal is working as Deputy Director WASA, Ms. Sana as Deputy Director SNGPL, Ms. Hira as Deputy District Planning Officer and Mr. Haseeb as Deputy Director WAPDA in district Rawalpindi. What kind of cooperation and in which order all these officials have to follow for the provision of basic utilities (clean drinking water, paved roads, sui gas etc) to rural communities of district Rawalpindi? Shortly and comprehensively explain it.
If demand function is given as the following:
Qz = 230 -2.75 Pz + 0.5 I + 1.2 Pm + 0.6A
Where Qz is quantity of Good z sold, Pz is price of Good z per unit, I is per capita income, Pm is price of competitor and A is the amount of advertising spent.
Current values: Pz= RM 55 I= RM 9000 Pm= RM 50 A =RM 12,000.
a)Determine the equation for demand, total revenue and marginal revenue curve.
b)Determine the total revenue maximizing price and quantity.
Azree an accountant, working for a foreign consultant firm and earning RM 78,000 per year is contemplating giving up his job and set up his own tax consultant firm. He estimates that renting an office would cost RM 780 per month, hiring a secretary with salary RM 1,500 per month and purchasing for required supplies would cost him RM 10,000 per annum. He estimated that his total revenues for the year would be RM 120,000.
b)Calculate the consultant`s following cost/profit for running his own tax consultant firm:
i) explicit cost.
ii) implicit cost.
iii) accounting profit.
iv) economic profit.
c)Explain briefly whether Azree should practice his own tax consultant firm or not.
Question 1
Azree an accountant, working for a foreign consultant firm and earning RM 78,000 per year is contemplating giving up his job and set up his own tax consultant firm. He estimates that renting an office would cost RM 780 per month, hiring a secretary with salary RM 1,500 per month and purchasing for required supplies would cost him RM 10,000 per annum. He estimated that his total revenues for the year would be RM 120,000.
a)Define the explicit cost and implicit cost
A water company in jeddah wants to borrow money for a new production facility. If the company offers to repay the loan 6000$ in year 1 and amounts increasing by 12,000 each year throgh year 6 how much can the company borrow at interest rate of 10% per year ?
supply function given as Qs = 50 - 200
and the estimated demand function for the face mask is Qd= 100 - 10p.
assuming that she operates in a perfect competitive market with total function as TC = 40+0.5Q+0.001Q² .
determine the equilibrium maximum output
William Howe must decide whether to start a business renting beach umbrellas at an ocean resort during June, July and August of next summer. He believes he can rent each umbrella to vacationers at $5 a day, and he intends to lease 50 umbrellas for the three- month period for$3,000. To operate this business, he does not have to hire anyone (but himself), and he has no expenses other than the leasing costs and a fee of $3,000 per month to rent the business location. Howe is a college student, and if he did not operate this business, he could earn $4,000 for the Three- month period doing construction work.
1. Consider in perfectly competitive market the following demand and supply equations for sugar:
Qd =1000-1000p where Q d is quantity demanded and Qs is quantity supplied. Qs=800+ 1000p
Where P is the price of sugar per pound and Q is thousands of pounds of sugar.
a. What are the equilibrium price and quantity for sugar? (1point)
b. Suppose that the government wishes to subsidize sugar production by placing a floor on sugar prices of $0.20 per pound. What would be the relationship between the quantity supplied and quantity demand for sugar?
C. Identify market problem specifically at prices 0.2 per pound and what will be scientific recommendation you suggest to solve the identified market problem?
In the Rule of Thumb, Profit Maximization and Loss Minimization (MR = MC), when AVC < P <AC means the firm is incurring losses. What would be his decision?
Select three local businesses (one large and two small) and play the role of "mystery shopper". How easy was it to do business with each company? How would you rate their service, quality and convenience? Were sales people helpful and friendly? Did they handle transactions professionally and courteously? How would you rate the business' appearance? How would you describe each company's competitive advantage? What future do you predict for each company? Prepare a brief report on the findings and conclusions.
Use APA Style, add narrative to your paper, I also want to know about the experience of being a mystery agent.
