Economics Answers

Cheque is quasi money

A) True
B) False

Given the schedule of individual 1 and the market , derive the demand for individual 2 and draw the market demand curve.
Price- 50, 40, 30, 30, 10
Individual 1 quantity demanded(in units)- 2, 4, 6, 8, 10.
Market quantity demanded (in units)- 5, 10, 15, 20, 25.

In late 1981, your father went to a Honda dealer in his home state and paid about $1,000 more for a Civic than he would have paid the year before. Why?

Suppose that price levels in Indonesia rise by 20% relative to prices levels in the Eurozone countries and that the purchasing power parity theory holds. How would this affect the value of the Indonesian rupiah relative to the euro?

For most investment decisions that a firm faces, npv is either a superior decision criterion or atleast it is considered a good technique to decide for the investment. "what is your considerations? Do you think other techniques can also provide better results while taking investment decisions? If yes, please elaborate

A firm produces cellular telephone service using equipment and labor. When it uses E machine-hours of equipment and hires L person-ours of labor, it can provide up to Q unites of telephone service. The relationship between Q, E, and L is as follows: Q = EL . The firm must always pay PE for each machine-hour of equipment it uses and PL for each person-hour of Labor it hires. Suppose the production manager is told to produce Q=200 units of telephone service and that she wants to choose E and L to minimize costs while achieving that production target.
a) What is the objective function for this problem?

What is short run aggregate supply

How would a manufacturer benefit by using fewer scarce resources?

What kind of market structure lux is operating within? Compare and contrast it with other market structures you have studied based on price,output and profit. Be sure to include graphs in your discussion.