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The rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea over the same period it was 4.2%. Per capita real GDP was $28,900 in France in 2003, and $12,700 in Korea. Assume the growth rates for each country remain the same.
- Compute the doubling time for France’s per capita real GDP.
- Compute the doubling time for Korea’s per capita real GDP.
- What will France’s per capita real GDP be in 2045?
- What will Korea’s per capita real GDP be in 2045?
2. Assume you are a manager of XY Company, while you conduct a vertical analysis it is identified that 85% of the company expenses are incurred for salary. This intern highly affected the profitability of the organization. As a manager what are the possible remedial actions that you suppose to take in order to mitigate this drawbacks?
Suppose Sify broadband is enjoying a monopoly in Delhi as a id is enjoying a monopoly in Delhi as a cable internet provider. They found that there are two primary groups of cust ere are two primary groups of customer identified as businesses and households. The market demand function for business customers Q = 1000-2P, and for households are Q. = 1500-5P, and respectively. They also observed that cost of providing internet is Rs. 100 per customer. a) If the cable internet provider exercises multimarket price discrimination to these two customer groups, determine equilibrium output quantity and price of each group and total profit. b) If Sify decides to charge one price for all, what changes in the volume of profit will you observe?
Design a plan for your own start up and mention it's financial aspects
Qd = 180 - 2P,
Qs = ‐ 15 + P
The market is government-regulated with a price support per unit and production quotas. If the price is set at $72 per unit, what production quota is needed to make sure there are no shortages or surpluses?
a.an increase in the demand for the good. new demand equation is Qd = 190 - 2P. The government is trying to decide between two options:
Maintain the number of quotas and let the market adjust, or
Maintain the price support and increase the number of quotas.
1. For each of the following cases, what is the expected impact on total revenue of the firm? Explain your reasoning. 12 marks
a.Price elasticity of demand is known to be -0.5, and the firm raises prices by 10 percent.
b.Price elasticity of demand is known to be -2.5, and the firm lowers price by 5 percent.
c.Price elasticity of demand is known to be -1.0, and the firm raises price by 1 percent.
d. Price elasticity of demand is known to be 0, and the firm raises price by the 50 percent
explain whether the following statements are true or false
vi. Environmental degradation imposes some economic costs on the whole economic system.
vii Environmental Economics is a subfield of economics that applies economic theories to analyze the generality of many economic problems.
viii. There is no difference between Ecological Economics and Environmental Economics.
ix. Pareto efficiency assists in evaluating the welfare impacts of implementing an environmental policy in a society with a view of adopting any policy interventions that produce the highest net social welfare irrespective of whether individuals are better off or worse off.
x. Externality results from some progressive market failures in society.
Explain whether the following statements are true or false. [15]
i. Economics is the study of how scarce resources are allocated among competing uses.
ii. Economics is not related to the value systems of a society.
iii. Land economics as a concept is often intersected with environmental economics
iv. A choice from among competing options is said to be economically rational when it yields anticipated net benefits that is lower than the opportunity cost.
v. In Economics, the environment is a composite asset which can easily depreciate if not used with some sense of sustainability..
The British Columbia government recently increased the minimum wage from $14.60 per hour to $15.20 per hour. The new minimum wage was implemented as of June 1, 2021. Drawing from what you have learnt on the topic “labour demand” and from related literature, what do you think might be the implications on employment and wages in the Province?
word limit: 50
what are the factors to be considered in analysing the fucntional composition of expenditure
