Other Economics Answers

Government intervention in market prices: Price floors and Price ceiling

a. Use model of demand and supply, explain what happens when

government; imposes price or price ceiling?

b. Discuss what the reasons are and why the government sometimes

choose prices and the consequences of price control policies.

Opportunity cost is all about making choices and how you adequately and effectively manage it. What do you understand by the concepts of intra and inter temporal choice models in Managerial Economics, further as a fresh graduate of MSc in Managerial Economics, clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity cost if not managed adequately and effectively ?

A man is required to pay 57500 pesos at the end of 15 days of 60000 pesos at the end of 60 days. Determine the rate of interest.

When alice went to theatre she had to choose between romantic and action movie.she decided to watch romantic movie.Did alice face any scarcity in this situation?economically,what conclusions can be withdrawn from alice choice of romantic movie over action movie?

Why is land and labour referred to as primary factor of production

What will happen if both shareholders and board of directors agreed to purchase the equipment, provided that an alternative source of financing?

Daddy shares 45 sweets among his children, Joy, Ben and Troy in the ratio of 1:3:5 respectively. How many sweets do the kids get each, Troy, Joy and Ben (in that order)? [1] 15: 15: 15 [2] 5: 15: 25 [3] 45: 15: 9 [4] 25: 5: 15

After a promotion, Gwen’s annual salary was increased by 7.85% to R450 000. Determine his previous monthly salary and the monthly increase he will be getting. [1] Original salary of R34 770.51, with an increase of R2 729.49 per month. [2] Original salary of R34 556.25, with an increase of R2 943.75 per month [3] Original salary of R34 556.25, with an increase of R1 943.25 per month. [4] Original salary of R34 770.51, with an increase of R2 228.35 per month.