Economics Answers

dentify the line item that does not appear on a Statement of Financial Position.

A person who is now 35 years old is planning for his retired life. He plans to invest an equal sum of Rs. 10,000 at the end of every year for the next 25 years starting from the end of the next year. The bank gives 20%interest rate, compounded annually. Find the maturity value of his account when he is 60 years old. ii)Explain Single payment present worth factor in detail

Mr.Ali has an income of Rs.30,000 and he purchases 100 units of X-GOOD. His income decreases by 20% and now he can purchase 90 units of X-GOOD.Calculate Calculate elasticity and also mention the type of elasticity.

During 2013, the country of Economic had a real GDP of $115 billion and the population was 0.9 billion. In 2012, real GDP was 105 billion and the population was 0.85 billion. Economics growth rate of real GDP per person is

In an analysis of the market for paint, an economist discovers the fact that paint is lasting longer, so that property owners need not repaint as often. Explain the effect in the short & long run.

discuss the long run average cost curve and how it relates to returns to scale

A firm has the following function Q = 2(xy)^0.5 where x is maize and Y is rice. The cost of maize is k10 and the cost of rice is k40 the firm has a budget of k80 to spend on two goods.
i). Formulate the firms optimization problem
ii). Compute the optimal input combination of x and y
iii). What level of output is associated with the optimal input combination
iv). What is the impact of a k1 increase in the budget

What are some reasons why the investment strategy of a 30-year-old might differ from the investment strategy of a 65-year-old?

a)Price of Pepsi is Rs.120 and its quantity demanded is 300 bottles. Suppose due to Raman Pepsi company reduces price of it to Rs. 108 ,due to it its demand increases to 360 bottles. Calculate elasticity and also mention the type of elasticity.