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1. Assess the following functions:
a. Find the stationary points.
b. Determine whether the stationary point is a maximum or minimum.
c. Draw the corresponding curves, they can be in the same graph.
1. 𝑓 ′(𝑥) = 𝑥 2 + 6𝑥 + 2
2. 𝑓 ′(𝑥) = 10𝑥 − 2𝑥 2 + 5
what role, if any does advertising play in the automobile industry in the (i)1950s and (ii) presently? Explain
Are the firms in the automobile industry operating efficiently in (i) the 1950s and (ii) presently? Explain.
Q 2: If the price of Pak Suzuki company Swiftcar decreases from Rs 1,700,000 to Rs 1,000,000, keeping other factors constant, it would be termed as movement along the demand curve or shift in the demand curve? Elaborate it graphically?
Decrease in population rate, increase in the cost of fertiliser, which
used to grow vegetables, explain how the market for vegetables will be
affected by theses changes
Suppose the oil wells in Iran, Iraq and Kuwait are set alight, resulting in a dramatic and prolonged decline in the world output of oil. Use demand and supply curves to illustrate how this will affect the equilibrium price and quantity of oil.
Due to substantial increases in prices in Country A, the real income level of the population in Country A decreases. Show on a diagram how the decrease in the income level in Country A will affect the demand for meat, which is a normal good. Also indicate how the equilibrium price and equilibrium quantity of meat will change in Country A.
Economists assume that a consumer is expected to make rational decisions but not functional. As a consumer of spaghetti ( GOOD A ) and Rice food ( GOOD B ), discuss how you might apply economic reasoning in making your decisions rationally. What problems can arise when you make functional decision(s)?
The population in country C decreases, due to a lower birth rate. At the same time, there is an increase in the cost of fertilizer, which is used to grow vegetables. Explain how the market for vegetables will be affected
Decrease in population rate, increase in the cost of fertiliser, which used to grow vegetables, explain how the market for vegetables will be affected by theses changes
