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Explain the effect on equilibrium price and quantity of a rise in shipping insurance premiums?
Explain the effect on equilibrium price and quantity of a rise in shipping insurance premiums
the production function is assumed to be fixed although the inputs are allowed to vary. In reality, technology advances constantly, which puts our economy in a dynamic equilibrium. One (noticeable) change in the past decade is the increasing adoption of automation by many industries. Here are a couple of interesting articles on automation and its impact on the labor market.
https://www.cnbc.com/2019/01/25/these-workers-face-the-highest-risk-of-losing-their-jobs-to-automation.html (Links to an external site.)
https://www.stlouisfed.org/publications/regional-economist/second-quarter-2019/rise-automation-robots (Links to an external site.)
Do you experience or observe this trend in the job market? Does it (and how) affect your career choice?
https://www.cnbc.com/2019/01/25/these-workers-face-the-highest-risk-of-losing-their-jobs-to-automation.html (Links to an external site.)
https://www.stlouisfed.org/publications/regional-economist/second-quarter-2019/rise-automation-robots (Links to an external site.)
Do you experience or observe this trend in the job market? Does it (and how) affect your career choice?
Ali optimal choice at pizzeria is one pizza and two colas at given prices and income. The pizzeria
announces a special: All pizzas after the first one are half-price. Show the original and new
budget constraint. What can you say about the bundle Ali will choose when faced with the new
constraint?
announces a special: All pizzas after the first one are half-price. Show the original and new
budget constraint. What can you say about the bundle Ali will choose when faced with the new
constraint?
What is his marginal rate of substitution between X =3 and Y=4? If A=1, a = 0.4 and b =
0.5.
0.5.
Suppose the demand function for a given firm’s good is given as P = 15 − 14Q. The firm over a period of time has varied its price at GH¢2.5 interval from GH¢0 to GH¢15. Draw a schedule that shows the quantities of the good demanded at various prices, the total revenue from sales of each quantity, the price elasticity of demand for the good at each price
Which of the following contradicts the classical explanation of the economy?
[1] Voluntary unemployment.
[2] Frictional unemployment.
[3] Full employment.
[4] Involuntary unemployment.
[5] All of the above.
Savannah has the following incomes for the tax year 2019-20. Gross salary of £12,800 (PAYE deducted £360); building society interest of £3,050 and interest from company debentures of £2,500.
Calculate Savannah’s income tax payable for tax year 2019-20
Calculate Savannah’s income tax payable for tax year 2019-20
give two examples of events that could shift the supply for labor and explain why they do so
A large organization with a well developed cost center system is considering the introduction of profit center and/or investment center throughout the organization when appropriate. As management accounted you will be providing technical advice and assistance for the proposed scheme. You are required to a) describe the main characteristics and objectives of profit centers and investment center. b) explain what conditions are necessary for the successful introduction of such center. C) to describe the main characteristics and objectives of profit centers and investments centers. D) to compare two performance appraisal measures that might be used if investment centers are introduced.
