Other Economics Answers

Which of the following is an example of a presidential check on the judicial branch?

Simple keynesian model without a government or foreign sector

suppose that there is a boom on the johannesburg stock exchange - share prices rise. Make use of anAd-As modelto illustrate explain the effect of this boom on the equilibrium price level and level of income

1. Distinguish between the total utility and the marginal utility.

2. Explain the law of diminishing utility

3. What is meant by the consumer’s

equilibrium? What is the condition of the

consumer’s equilibrium under cardinal utility approach?

The demand curve is QD=500-1/2P

Calculate the (point) price elasticity of demand when price is Php100.

List the different types of contractionary monetary policies and discuss the effects that lead to change in money supply when each of those actions are taken (6)

1. Given the demand function Q=15-3P, what is the quantity demanded if the price of the good is PHP 10.00

2. Given that

P↓0=2, P↓1=3

Q↓0=15, Q↓1=30

Solve the price elasticity of demand coefficien. What type of elasticity is it?

3. In an open economy  A = C + I + G + X – Z, with the assumption that induced imports

exist:

If consumption equals R10 mil., investments R30 mil., government expenditure R45 mil.,

exports R20 mil., imports R5 mil., and the marginal propensity to consume equals 0.7, the

marginal propensity to import 0.25 and the tax rate 0.15:

3.1 What is the size of the autonomous aggregate expenditure (A) in this economy?

3.2 What is the size of the multiplier ()?

3.3 What is the size of equilibrium income (Y0) in this economy?

2. Imagine a closed economy where the dictatorship does not allow any trade with other countries. If the autonomous consumption equals R10 mil., autonomous investment equals R20 mil., the tax rate equals 15%, government expenditure R30 mil. and the marginal propensity to consume (MPC = c) equals 0.7.

2.1 What is the size of the multiplier ()?

2.2 What is the equilibrium level of income (Y0)?

2.3 How much will the tax revenue for the goverment be in this economy?

2.4 How much will the disposable income be in this economy?

You have studied Business Ethics in a structured manner in this program. Has it helped 

you with tools to better manage your decision making process as a business person? 

Explain in your own words.