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For this question, refer to the article from The Economist magazine titled “A coup in Guinea adds fuel to aluminum's red-hot rally”. a) The article identifies a number of factors behind the recent increase in the price of aluminum. Mention these factors and indicate whether they are demand-side or supply-side factors. 2 b) With the aid of a well-labeled diagram, illustrate the effects of the factors identified in part (a) above on the equilibrium price and quantity of aluminum. Pay attention to the statement in the article that “Supply constraints, however, have been more important” when drawing your diagram.
If a monopolist can sell 100 units at a price of R20 and 110 units at a price of R19 the marginal revenue for each unit between 100 and 110 is
Bring out the essential difference in the nature of equilibrium of a firm under perfect competition in the short run and in the long run.
A monopolist operates under two plants, 1 and 2. The marginal costs of the two plants
are given by
MC1 = 20 + 2Q1 and MC2 = 10 + 5Q2
where Q1 and Q2 represent units of output produced by plant 1 and 2 respectively. If the
price of this product is given by 20 – 3(Q1 + Q2), how much should the firm plan to
produce in each plant, and at what price should it plan to sell the product?
1. With reference to the PPC, assume Malaysia is producing 2 types of goods - manufactured goods and agricultural goods. It wants to increase both the output by 20% in 5 years. What steps should the government take to achieve this goal? (4 points).
Suppose the demand and supply curves for a product is given by 𝑄 = 500 − 2𝑃 𝑄 = −100 + 3𝑃 a) Which is the supply curve and why? b) Graph the demand and supply curves. c) Compute the equilibrium price and quantity d) If the current price is 100, what is the quantity demanded and quantity supplied? How would you describe this situation and what would you expect to happen in this market? e) Suppose that the demand changes to 𝑄 = 600 − 2𝑃. Find the new equilibrium price and quantity and show this on your graph.
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 by these changes. Clearly indicate how the equilibrium price and equilibrium quantity will be affected by these changes. Make use of a combination of diagrams and verbal explanation to explain your answer. Note that your diagrams should be properly annotated and that marks will be deducted for any missing labels on your diagram
The population in country C decreases, due to a lower birth rate. At 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 by these change. Clearly indicate how the equilibrium price and equilibrium quantity will be affected by these changes. Make use of a combination of diagrams and verbal Explain your answer
If Amy spent her entire pocket money, she could afford 8 candy bars and 8 comic books a week. She could also just afford 10 candy bars and 4 comic books a week. The price of a candy bar is ₹ 5. What is Amy's weekly pocket money?
Discuss the goals of regulatory frameworks with regards to reasons governments manage regulate-es and use different regulators to policy the financial markets
