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Discuss do public enterprises plays important role in correcting regional imbalances that exist in a country?
Do you agree with the statements that the economic development cannot be achieved without technological improvement?
Under what conditions large and powerful multinational corporations should be encouraged to invest in the economies of poor nations?
Discuss the role of Pakistan in the development of cottage and small scale industries in Pakistan ?
Suggest some helpful policies to support the small landowners in a country like Pakistan?
1. A perfectly competitive firm produces 100 units of a good and the market price per unit of good is Birr 18. If the given firm is known to earn a normal profit of Birr 6 per unit, how much is the firm’s total cost of production at this level?
- Using the midpoint method, calculate the price elasticity for business travellers and holiday travellers if the price increases from R1 700 to R3 000. Which one of the following might be the reason for the difference between the price elasticity for business travellers and the price elasticity for holiday travellers?
- A. Fewer substitutes are available for holiday travellers than for business travellers.
- B. For business travellers travelling between Johannesburg and Cape Town, airline tickets are more of a necessity than for holiday travellers.
- C. It is easier for business travellers to change their plans than for holiday travellers
- D. It is easier for holiday travellers to deal
Explain the importance of marginal cost and average cost to managers.
The fear of nationwide lockdowns due to the current pandemic has pushed many consumers into “panic buying”.
1.Critically evaluate this statement and use demand and supply analysis to analyze the possible impact of panic buying on market prices.
2 Substantiate the type of income elasticity most applicable during this time.(ESSAY)
