Search & Filtering
You are a manager of an advertising company. The company is running short of funds, so you decide to increase revenue. Should you increase or decrease the price of running ads? Explain.
Is it possible for a two-
product firm to enjoy economies of scope but not economies of scale and vice versa?
explain to me the determination and elasticity and inelasticity
Panel beater
S.Slinger is employed as a panel beater at NBW. Due to the nature of his work, he is remunerated on a time based system. The normal working week at NBW is 45 hours. On the first week of May 2021, S.Slinger worked for 50 hours. The company pay an hourly rate of N$30 per hour. Overtime when worked is remunerated at a time and half.
Deduction for the week:
Social security - 0.9 % of normal wages
Pension fund - 8% of normal wages
Income tax - N$315
REQUIRED:
Prepare a pay slip for S. Slinger
please explain to me the law of demand and supply how it works in economics and also explain to me debit and credit
The population in country A decrease ,due to a lower birth rate.there is an increase in the cost of fertilizer,which is used to grow vegetables. How the market for vegetables will be affected by these changes.
Discuss each of the following statements from the standpoints of equity and efficiency.
“Everyone in society should be guaranteed the best health care possible.”
“When workers are laid off, they should be able to collect unemployment benefits until they find a new job.”
You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of spending the $100 now?
The first principle of economics discussed in Chapter 1 is that people face tradeoffs. Use a production possibilities frontier to illustrate society’s tradeoff between a clean environment and high incomes. What do you suppose determines the shape and position of the frontier? Show what happens to the frontier if engineers develop an automobile engine with almost no emissions.
You were planning to spend Saturday working at your part-time job, but a friend asks you to go skiing. What is the true cost of going skiing? Now suppose that you had been planning to spend the day studying at the library. What is the cost of going skiing in this case? Explain.
