Other Economics Answers

For the past three (3) years, performance of the company has gone up drastically. Below is the summary of the profit and loss account for the year 2018.

INTEREST INCOME

    3,800

LESS: INTEREST EXPENSES

     3,500

NET INTEREST INCOME

300

OTHER INCOME

500 

GROSS INCOME

800

LESS ADMINISTRATIVE EXPENSES

     1,000

Profit

     ( 200)

The leadership of WTB has realized the stiff competition that other banks are posing an as a result, management want to diversify their activities by launching a new technology-based venture.  

As a consultant, you have been asked to prepare a business plan and use it to advise WTB what they should do. 

Critical Risks, which requires that you identify the risks inherent in implementing your business and others, and provide strategies as to how to respond to them.

Analyze the various ways in which the conceptualization of globalisation has led to it characteristics.

 4. Winthorp Printing Company has estimated the cost of making new brochures for one of its major clients as follows: an initial cost of $2,500, $3 per brochures for the first 5,000 brochures, $2 per brochure for the next 10,000 brochures and $1.50 per brochure for any brochure in excess of 15,000. i. Determine the cost function and graph it. ii. What are the total and average costs of 4,000 brochures ?. iii. Of 4,000 brochures ? iv. Of 4,000 brochures ?

v. How many brochures were printed if the total charge was $ 60,000 ? vi. How many brochures were printed if the average charge was $ 2.75 ?

 5. A department store had overhead costs of $25,000 and a linear total cost function. The controller has set the store’s margin policy using the example of a $140 markup on an item retailing for $500. The controller has also estimated that other variable costs on the same retail item selling for $500 are $15. i. Find the revenue, cost, and profit functions using s for sales volume. ii. Find the break-even dollar volume of sales. iii. Draw the break-even chart. iv. What will net profit be if sales are $3,000,000 ?

1. The selling price is calculated at a mark-up of 50% on variable cost.

2. New products introduced must contribute 15% net profit after tax.

He supplied you with the following information:

   Cost per unit   Other information

Leather   R246.00   

Silk material   R350.00   

Labour   3 hours @ R185.00 per hour   

Overheads   R155.00 per labour hour   

Incremental fixed cost      R625,000.00

Tax rate      28%

The sales manager estimated the market size to be 2,000 handbags for the year.

Calculate and comment if the handbag will comply with the company’s policy regarding the introduction of new products.

Discus why globalization is inevitable from the prospective of economics

How to tell (know) if an explanatory variable has impact or not and how much?

 If we assume................ at all employment levels; the marginal value product of labor (MVPL)........

Fill in the blanks with the correct concepts, respectively.

a)Diminishing marginal productivity, slopes up

b)Diminishing marginal productivity, slopes down

c)Decreasing returns to scale, is increasing

d)Increasing returns to scale, is constant

please answer with an explanation

Explain regression with variables?

Explain a simple linear square?