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What is the difference between the Consumer Price Index (CPI) and the Gross Domestic Product (GDP) Deflator?
What is the purpose of these? Is the official inflation rate always representative of the actual price changes? What is the reason for this
Briefly discuss the two ways in which economies of scale causes international trade
Part II: Solve the following problem
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 $0.20 per pound. What would be the relationship between the quantity supplied and quantity demand for sugar?
C. Identify market problem specifically at prices 0.2 per pound and what will be scientific recommendation you suggest to solve the identified market problem?
Comparing mediation and arbitration which method do you think is best for setting labor disputes
Discuss the role of Trade Unions. To what extend does the Participation of Labour Unions affect the South African Labour Market and the South African Economy
Evaluate the decision to distinguish between developed and developing nations in the Paris Agreement from the perspective of substantive and procedural judgements of fairness. Be sure to define both judgements of fairness in your answer.
Consider the following cost and revenue structure for Pristine Tea, a shop that specialises in selling green tea. Quantity Total Revenue ($) Total Cost ($) 0 0 31 1 9 35 2 18 40 3 27 46 4 36 53 5 45 61 6 54 70 7 63 80 8 72 91 9 81 103 Required: (a) Is it possible for Pristine Tea to engage in price discrimination to boost the shop’s earnings? Why or why not? (10 marks) (b) Determine the profit-maximising (or loss-minimising) levels of output AND price for Pristine Tea. Show carefully how you obtained the answers. (10 marks) (c) At the profit-maximising (or loss-minimising) level of output, explain whether Pristine Tea is productively and allocatively efficient. Support your answer with the aid of appropriate diagram(s). (15 marks)
A Newly-acquired Equipment Requires An Annual Maintenance Costs Of P10,000. If The Annual Maintenance Cost Us Increased By 20% Each Year Every Year For 10 Years, What Is The Estimated Present Worth Of The Maintenance Costs If Money Is Worth 15%?
Choose the best answer from the given alternatives & write the choice of the correct letter on the space provided. Make sure that your answer is clearly marked. Use only capital Letters.
1. If total assets increased by $20,000 during a period and total liabilities
Increased by $12,000 during the same period, the amount and direction
(Increase or decrease) of the periods change in owners’ equity is:
A. $32,000 increase C. $8,000 increase
B. $32,000 decrease D. $8,000 decrease
Engr. Hermo, believing that life begins at 40, decided to retire and start enjoying life at age 40. he wishes to have upon his retirement the sum of P5,000,000. on his 21stbirthday, he deposited a certain amount and increased his deposit by 15% each year until he will be 40. if the money is deposited in a super savings account which earns 15% interest compounded annually. How much was his initial deposit?
