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Define production possibility frontier (PPF)? Why is the PPF concave to origin? Do all
the points on the PPF represent efficient level of output? Explain.
If the government allows Indians to import and export textiles, what will happen to the price
of textiles and the quantity of textiles sold in the domestic textile market?
If a consumer is consuming two commodities X and Y and his utility function U (X,Y)=2XY+6.if the price of the two commodity are 2 and 6 respectively, and the consumer has a total income of 80 birr to be spent on the two goods, a)find the utility maximizing Quantity of good X and Y. b) find the MRSxy at equilibrium. c) find the MRSyx at equilibrium.
Sri Lanka faces severe
hardship in finding foreign exchange to repay debt and payment for important imports. How is current economics situation in Sri lanka
Country’s agriculture seems facing a troublesome path. And So many issues in the economy”.
Write an essay on Sri Lanka’s present economic crisis.
You have been contacted as a policy expert to very briefly, advice government to institute food tax policy based on the following policy objectives:
The government has the policy objective of raising tax revenue on foods?
The government has policy objective of changing the consumption behavior of citizens by taxing food?
You have been contacted as a policy expert to very briefly, advice government to institute food tax policy based on the following policy objectives:
The government has the policy objective of raising tax revenue on foods?
The government has policy objective of changing the consumption behavior of citizens by taxing food?
The utility function for a consumer utility is U=30Q11/2Q21/2 . If the price per unit of Q1 is Kshs 10 and Kshs 5per unit of Q2, determine quantities Q1 and Q2 that the consumer should have to maximize utility if the consumer budgeted Kshs 350
You have been contacted as a policy expert to very briefly, advice government to institute food tax policy based on the following policy objectives:
(a) The government has the policy objective of raising tax revenue on foods? (5 Marks)
(b) The government has policy objective of changing the consumption behavior of citizens by taxing food?
