Economics Answers

Identify and explain the maritime transport service providers that form maritime transport chain.

Explain why maritime transport dominates the transport industry, in your explanation you are expected to provide statistics.

full extent of the right to education

The Mellow Cake corporation is facing a downward sloping demand curve for its Mellow Cakes deserts. In the table below you are provided with information on the firm’s marginal revenues and total costs. 

(Note: the Marginal revenues at a level Q in the table are the revenues at level Q+1 minus the revenues at level Q.)

Quantity Produced (Q) Marginal Revenue (Q) Total Cost (Q)

1 40 1

2 35 4

3 30 9

4 25 15

5 20 22

6 15 42

7 10 67

8 5 97

9 0 137

10 -5 187

1. Is the firm in this example a price taking firm? Explain why or why not. (5 pts.)

2. What is the firm’s optimal level of output? Explain why it is optimal. (5 pts.)

explain why is impossible to have upward sloping isoquant

measure (8) of economic growth

Choose any one of the tools from Question 4.1.1 and elaborate on the application of this tool in your country. (6)

Explain the two (2) main tools of fiscal policy.

Last year Charlie Investments issued a 10 year, 12% semiannual coupon bond at it's par value of $1000. Currently the bond can be paid in 4 years at a price of $1060 and it sells for $1100. Calculate the bond's nominal yield to maturity and it's nominal yield to call. Would an investor be more likely to earn the YTM or the YTC? Briefly explain your answer.

Trial balance of GM as at 31 Dec 2021 Debit(RM) Credit(RM)

Sales 126,500

Purchases 99,850

Premises (cost) 100,000

Accum. depreciation at 1 Jan. 2021_Premises 25,000

Plant (cost) 18,000

Accum. depreciation at 1 Jan. 2021_Plant 2,300

Wages & salaries 8,900

Rent expense 7,500

Opening Inventories at 1 Jan. 2021 5,000

Capital at 1 Jan. 2021 80,000

Drawings 25,000

Carriage inwards 4,000

Account receivables & Account payables 27,500 16,000

Bad debts written off 5,000

Other revenue 2,000

Cash at bank 18,950

Bank loan 30,000

300,750 300,750

Add'l info at 31 Dec 2021:

i.Wages and salaries accrued amount to RM700.

ii. Rent prepaid amounts to RM300.

iii. Bank loan interest of 10 per cent per annum is outstanding.

iv. Provision for doubtful debt for account receivables of 2 per cent is to be made.

v.  Depreciation to be charged at 2 per cent of cost on the premises and 10 per cent of cost on the plant.

vi.Closing inventories RM12,500

prepare Statement of Financial Position as at 31 December 2021