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Forecast demand using 3-month and 5-month moving averages and suggest which forecast would you accept.
Quarter market share
1 20
2 22
3 23
4 24
5 18
6 23
7 19
8 17
9 22
10 23
11 18
12 23
QUESTION
The notion of Structural Adjustment Programmes (SAPs) being effective in, and necessary for, achieving African development would likely be favored by the Bretton Woods institutions— the IMF and the World Bank—the creators of them (Chabal & Deloz, 1999: 119). To assist African development, Structural Adjustment Programmes (SAPs) provided “conditional lending” (Thomson, 2010: 197). Throughout the 1980s and 1990s, the U.S. has been a principal force in imposing Structural Adjustment Programs (SAPs) on most countries of the South. REQUIRED Discuss the expected impact and outcome of the Structural adjustment programs (SAPs) provided by the International Monetary Fund (IMF) and the World Bank (WB) in Third World countries with special reference to Zambia.
In economics, the "long-run" is referred to as
What is communication crisis
When CBI Corporation priced notebooks at P50 each, it
sold 35 notebooks per month. Demand increased for notebooks raising the price
of it to P55 each. CBI responded by increasing its quantity supplied to 42 notebooks
per month. Using the point method for calculating elasticity, what is CBI’s
price elasticity of supply?
Answer following questions, based on the following information on national income accounts of hypothetical economy: GDP $12,000 Gross investment 1,000 Net investment 600 Net Export 3,000 Government expenditure 1,000 Government budget balance 2,000 Net factor payment from abroad -2,000 Indirect Business Tax 2,000 A) Calculate the gross private consumption expenditure of the economy B) Calculate the Gross National Product (GNP).
. Discuss in detail the difference between Perfect Competitive Market, Monopoly Market, Oligopoly Market and Monopolistic Competition Market using appropriate examples. Compare and contrast these market structures using tables.
In a market there are 20 buyers of a leather bag each having identical demand function Qd = 10 - 2P and 40 producers each with identical supply curve given by P= 4+Qs where Qd and Qs are quantity demanded and supplied respectively. A) Calculate the market equilibrium price and quantity B) Calculate the price elasticity of supply at the market equilibrium C) Calculate the price elasticity of demand at the market equilibrium D) Compute the consumer and producer surplus at the equilibrium E) What happens in the market if the price is 2 in the market? F) Is there surplus or shortage at price 15 in the market?
Assume a wheat producing farmer engaging in selling its product under perfect competition market faces cost functions as TC= Q3 -2Q2 +8Q and Average revenue of the farmer is given as Birr 8. Having this information, A. Determine the optimal level of output and price in the short run. B. Calculate the economic profit (loss) the farmer will obtain (incur) C. What will be the minimum price level the farmer gets to continue in wheat production?
A cloth producing firm in a perfectly competitive market has the following short-run total cost function: TC = 6000 + 400Q – 20Q2 + Q3 . If the prevailing market price is birr 250 per unit of cloth, A. Should the firm produce at this price in the short-run? B. If the market price is birr 300 per unit, what will be the profit (loss) of the firm at equilibrium? Should the firm continue to produce or not? C. Calculate the shut-down price of this firm?
