Other Economics Answers

What is an asset?

Consider the following goods and services. Which are the most likely to be produced in a perfectly competitive industry? Which are not? Explain why you made the choices you did, relating your answer to the assumptions of the model of perfect competition. Please address all of the examples below in your discussion.

1. Coca-Cola and Pepsi

2. Potatoes

3. Private physicians in your local community

4. Government bonds and corporate stocks

5. Taxicabs in Lima, Peru—a city that does not restrict entry or the prices drivers can charge

6. Oats

Distinguish between migration and brain-drain

Identify one product of your choice that is sold in grams/kilograms/millilitres/litres. In a tabular format, record five quantities and the price of the product. Your table should should have a heading

The demand and supply of imported lamb shown as below. Find the CONSUMER's surplus from the equilibrium point. *

P = 70 - 2Q

P = 10 + Q

where

P = price of lamb per kilogram (RM)

Q = quantity of lamb (kg)

Importance of agriculture on South African economy

esther sikale is a well known farmer from southern province of zambia farmers association to agree on to supply their farm onions and tomatoes .each farming season he gathers his fellow farmers to discuss on the best onion and tomato pricing model as a student of principals of economics,asses the above scenario and appropriately use the zambia statute to discuss the above behavioral economics.