Other Economics Answers

Read the case to answer the following questions:

Case: The Ford Pinto | Business Ethics (uncg.edu)

Suppose you are trying to determine whether to go ahead with the existing Pinto design or to delay production and redesign. Taking a shareholder approach (Friedman), what action should you take given the information you have at the time of the decision and why? Taking a stakeholder approach (Freeman), what action should you take, and why?

Word Limit: (Not less than 430 words)

Explain the causes of the marginal rate of substitution (MRS) if good is perfect substitutes and perfect complements. 

is it true of false that consumers tend to buy more of the good or service whose price has risen.

Show diagrammatically the impact on the firm's profit if in short run demand or the product reduce

suppose you are a monopolist and find that the demand elasticity of your product is different in two market what would be your pricing strategy

Solve this question: Supposed a consumer utility function is written as U=(2q1,q2) where q1 and q2 are commodities 1 and 2 respectively. Let their respective price be given as p1=#2,p2=#8 and income be given as: B=#240. Use the above data to:

A. Find the maximum values of q1 and q2 that the consumer will consumed.

B. Show that the budget constraint is satisfied in the sense that all the income will be spent.

C. Show that the equal marginal principle is fulfilled.

Read the case to answer the following questions:

Case: The Ford Pinto | Business Ethics (uncg.edu)

Suppose you are trying to determine whether to go ahead with the existing Pinto design or to delay production and redesign. Taking a shareholder approach (Friedman), what action should you take given the information you have at the time of the decision and why? Taking a stakeholder approach (Freeman), what action should you take, and why?

Word Limit: 430 words

Explain the possible causes of unemployment and explain which is responsible for most of the unemployment in your country.(12 mrks)

Apples and oranges are substitutes. A freeze in Florida destroys most of the orange crop. What would you expect to happen to the market for the following:

a. Oranges?

b. Apples?

c. Orange Juice?

Describe the risks that an organisation may face for maintaining a small supplier base