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Discuss in detail, the two of income elasticity and substantiate the type of income elasticity most applicable


Critical evaluate this statement and use demand and supply to analyse the possible impact of panic buying on market prices


Calculate gross profit as a percentage of cost on sales (last year 40%)


with the aid of diagram, explain theory underlying a kinked demand curve. Justify whether it would be applicable in this case


Justify of market structure that uber operate in and evaluate the likehood of uber making an economic profit in the long-run


Imagine a society that produces military goods and consumer goods, which we’ll call


“guns” and “butter.”


A. Draw a production possibilities frontier for guns and butter. Using the concept of


opportunity cost, explain why it most likely has a bowed-out shape.


B. Show a point that is impossible for the economy to achieve. Show a point that is feasible


but inefficient.


C. Imagine that the society has two political parties, called the ABC (who want a strong


military) and the XYZ (who want a smaller military). Show a point on your production


possibilities frontier that the ABC might choose and a point that the XYZ might choose.


D. Imagine that an aggressive neighbouring country reduces the size of its military. As a


result, both the ABC and the XYZ reduce their desired production of guns by the same


amount. Which party would get the bigger “peace dividend,” measured.

The manager of Automated Product is contemplating the purchase of a new machine that will cost $300,000 and has a useful life of five years. The machine will yield (year-end) cost reduction to Automated Product of $50,000 in year 1, $60,000 in year 2, $75,000 in year 3, and $90,000 in year 4 and 5. What is the present value of the cost savings of the machine if the interest rate is 8 percent? Should the manager purchase the machine?



1) Reflect on own management and leadership skills using a range of models, and develop and justify a personal development plan that will facilitate an increased level of effective management and leadership



Is it possible for a two-

product firm to enjoy economies of scope but not economies of scale and vice versa?


On January 4,2021, Tamara Bakery paid ₱30 million for 1 million shares of jade Company ordinary shares. The investment represents a 20% interest in the net assets of jade and gave Tamara the ability to exercise significant influence over Jade’s operations. Tamara received dividends of ₱1.00 per share on December 15,2021 and jade reported net income of ₱8 million for the year ended December 31,2021. The market value of Jade’s ordinary shares at December 31,2021 was ₱32 per share, on the purchase date, the book value of Jade’s net assets was ₱120 million and the fair market value of Jade’s depreciable assets with an average remaining useful life of six years exceeded their book value by ₱6 million. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill.


What amount of investment revenue should Tamara report on its income statement for the year ended December 31, 2016, under the fair value method?


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