Other Economics Answers

a. The ABC company is producing an item at a unit cost of $4. If the supply function is q= 160+8p, where q represents quantity produced and p represents the market price, then

i. Find the total cost function in terms of p

ii. What is the market price at which the company realizes a total profit of $500?

evaluate the likelihood of uber making an economic profit in the long run?

Do teachers have knowledge of basic principles of using methods of teaching economics? ii. Do student have negative or positive attitude towards the method of teaching adopted by their teachers? iii. Is there any significant different between methods of teaching and teacher qualification? iv. Is there any significant different between learning economics and teachers experience? v. What is the relationship between teacher’s methods of teaching economics and learner academic achievement

What is the importance of studying economics [15 Marks]

Is there any significant difference between learning Economics and teacher experience?

You wear either shorts or tracksuit pants every day. You notice that tracksuit pants have gone on sale, so your demand for

A. tracksuit pants will increase.

B. tracksuit pants will decrease.

C. shorts will decrease.

D. shorts will increase.

If a decrease in income increases the demand for a good, then the good is

A.a substitute good.

B.a normal good.

C.an inferior good.

D. a complement good.

Is there any significant difference between learning Economics and teacher experience?

You love peanut butter. You hear on the news that 50 percent of the peanut crop in the Northern Cape has been wiped out by drought, and that this will cause the price of peanuts to double by the end of the year. As a result,

1.your demand for peanut butter will increase, but not until the end of the year.

2.your demand for peanut butter decreases as you look for a substitute good.

3.your demand for peanut butter increases today.

4.you will wait for the price of apricot jam to change before altering your demand for peanut butter.

If Gouda cheese and cheddar cheese are substitutes, then which of the following would increase the demand for cheddar cheese?

1.an increase in the price of Gouda cheese

2.an increase in the price of cheddar cheese.

3.a decrease in the price of Gouda cheese

4.a decrease in the price of cheddar cheese