Economics Answers

a monopolistic producer of two goods G1 and G2 has a joint total cost function TC=10Q+4qQ+5Q. Where Q1 and Q2 denotes the quantities of G1 and G2 respectively. if P1 and P2 denotes the corresponding prices, then the demand equations are
P1=50-1.5Q+Q
P2=52.5+Q1-1.5Q
1. Find the total revenue function for the monopolist
2. find the profit function for the firm

AD shocks can change the equilibrium level of income (Y) and price (P). But the division of effects between P and Y depends on the shape of the SRAS curve. Suppose if there is a contractionary AD shock to economy, using graphs show us what happens to P,Y and the size of multiplier when SRAS is upward sloping

How important were the contributions of jina Allama Iqbal and rehmat ali to the success of the Pakistan movement to 1947? how important were Jinnah, Allama Iqbal and rehmat ali to the Pakistan movement?

With the aid of illustrations discuss the relationship between a firm’s total revenue curve and demand curve

Following a stock exchange crash in 1987, there was a temporary fear of
a recession because of an anticipated reduction of consumption expenditure.
(a) What was the basis of this fear?
(b) Was the fear justified?
(c) Would things be any different now?

2 Following a stock exchange crash in 1987, there was a temporary fear of
a recession because of an anticipated reduction of consumption expenditure.
(a) What was the basis of this fear?
(b) Was the fear justified?
(c) Would things be any different now?

Fiscal policy can be used in the keynesian model to achieve a higher income level. With the aid of a graph , explain how government expenditure can be used to achieve this higher level of aggregate income

Explain in words what happens to the multiplier when an economy moves from a small closed economy with a government to an open economy. What is the formula for the multiplier in a small open economy?
Does the size of the multiplier increase or decrease?
Show the formula of the multiplier

The Demand equation for a product is given by Q=20I/P Where I is the income and P is the price. a) Write an equation for the point price elasticity. For what values of I and P is demand unitary elastic? explain b) Write an equation for the point price elasticity. For what values of I and P is the good is necessity? Explain

I need expiations to the method used in solving this question

What is a business later? Enlist at least 3 types of business letter. and write down five advantages of using written medium in business communication