Other Economics Answers

Calculate arithmetic mean with the help of following data. Use step deviation method.

Wages (in Rs.)

20

25

30

40

42

50

No. of students

4

6

10

5

5

10

Find the mean by direct and short-cut method from the data showing marks of students in a class in an economics test; 40, 50, 55, 78, 58.

1. Some managers are known for their reliance on “practical” decision-making rules and 

processes, and they can be quite skeptical of decision rules that seem too theoretical to 

be useful in practice. While it may be true that some theoretical methods in economics 

can be rather limited in their practical usefulness, there is an important corollary to 

keep in mind: “If it doesn’t work in theory, then it won’t work in practice.” Explain the 

meaning of this corollary and give a real-world example (Hint: see “Some Common 

Mistakes Managers Make”).

Q.3: Blue Beverages Inc. has bonds outstanding of Rs 5,000 par value (Face value or maturity value), which are currently selling at par (face value). The bonds have 5 years to maturity and a 10% coupon rate with interest paid semiannually. Green Beverages Inc. has a very similar bond issue outstanding. Every bond feature of Green Beverages is the same as for the Blue Beverages except that Green’s bonds mature in 15 years. The market’s nominal annual required rate of return for both bond issues has recently faced a sudden fall to 8%.

Required:

a. Which beverage’s bonds would show the greatest price change and why? Support your answer with conceptual rationale. (Theoretical but logical explanation is required in this part of the question)

b. Determine the bond price for each beverage company’s bonds at the market new required rate of return. Which bond’s price increased the most and by how much?

The market for Good A is in equilibrium. If there is a decrease in the price of an input used to produce Good A, the impact on the market for Good A will be

•  A. a decrease in equilibrium price but no change in equilibrium quantity.
•  B. no change in equilibrium price but an increase in equilibrium quantity.
•  C. a decrease in equilibrium price and an increase in equilibrium quantity.
•  D. a decrease in equilibrium price and a decrease in equilibrium quantity.

What is the capital city of South Africa

A market survey shows that the best competitor's selling price for a product is determined to be $450 per unit. A company is expecting to sell 1000 units per month from this product at this price with a profit margin of %. The product's total manufacturing cost per unit is $400. The engineers decided that the material cost ($95 per unit) is high and should be reduced to meet the market target cost. What should the material cost per unit be so that the total manufacturing cost of this product becomes equal to the target cost?

a. $70

b. $50

c. $30

d. $25

Construct an edge worth box diagram and show how production, efficiency and

equilibrium is achieved in an economy

What is the effects on the market when suppliers under invest in their businesses

) Environmentalists and tribals protested against the mining of bauxite as it led to various kinds of environmental degradations. In comparison, the benefit to the State of Orissa (now Odisha) was estimated at INR 1.92 billion at NPV through royalties and cess.” [Para 3, 4 & 5 of the section “Assessing the Vedanta Alumina Project” of the case study]. What are the environmental costs vis-à-vis benefits of the Vedanata Alumina industry?