Economics Answers

three investors need your advisory: investor X is an old man wants to use his pension to safe guard his remaining life; investor Y is matured jobber who wants to convert his regular savings into a major source of income; investor Z is a lady with some children needs to put a part of her income for future returns through which she can finance her children education and marriages (based on financial instruments/institutions and financial markets what three plan you will offer to each with logical justification)

A.Which of the following best describe the relationship illustrated by the aggregate demand (AD)1.The inverse relationship between price and quality demanded for any product 2.The negative relationship between the price level and levels of total production3.It shows non relationship between the price level and real GDP demanded B.Aggregate spending will increase if...1.real wealth falls 2.interest rate falls 3.consumption falls 4.investment falls C.If the AS curve shifts to the left as productivity decreases, it will result in a combination of...1.lower output,higher unemployment and higher inflation 2.lower output, lower unemployment, and lower inflation 3.higher output,lower unemployment,and lower inflation 4.higher output, higher unemployment, and higher inflation.

A.To boost economic growth the government is most likely to....1.reduce personal income tax.2increase taxes.3provide incentives to save(eg..tax-free investment)4.increase minimum wages in the private sector. Unemployment can decrease if....1.there is economic recession 2.education system improves.3investment spending increases. 4aggregate demand decrease.C.To be counted into the pool of unemployment a person must be :1.any age above 15 years 2.discouraged work seeker 3.economically active 4.hired and looking for a second job.

Explain the concept of short run and the long run as associated with a firm

As a graduate student, Justin spends his daily 24 hours across three tasks/activities: doing research, sleeping and teaching. Teaching pays a flat rate of $25 per hour. Justin has optimized his allocation of time, and decides to spend 7 hours sleeping.

1. What’s the monetary value (or range of values) for Justin’s 7th hour of sleep?
2. What’s the monetary value (or range of values) for Justin’s 8th hour of sleep? NB: Justin does not actually spend 8 hours sleeping, only 7.

working capital is the surplus of what?

Sara’s income is $ 120 a week. The price of book is $ 3, and the price of a football match ticket is $6.
Calculate the equation for Sara’s budget line
Draw a graph of Sami’s budget line with the quantity of books on the x-axis.
Sara’s income is $ 120 a week. The price of ticket rises from $6 to $ 12, and the price of a book is unchanged at $ 3. Explain how Sara’s budget line changes with books on the x-axis.

Question 1
Lawrence plan to start a restaurant business at a mega shopping mall. To start a business, it incurs cost and revenue. Based on the restaurant context,
(a) Identify the fixed and variable inputs for this business by providing examples.
(b) Discuss TWO (2) main types of costs to start this business by providing relevant examples to explain both costs. (hint: it can be based on your answer in (a).)

Let’s say that the price elasticity for a pharmaceutical product is -0.3 among low-income patients and -0.05 for all other income group patients. Let’s also say that total consumption for this product is 100,000 scripts per year for low-income patients and 200,000 scripts per year for other patients.

A pharmaceutical company is considering increasing the price patients pay by 10%

(a) What will be the impact (in percentage terms) on pharmaceutical consumption among low income and other income patients.

(b) If the original price for the product was $10 for low income patients and $30 for high income patients, what will be the impact of the 10% price increase on total revenue of the pharmaceutical product?

Explain how Google generates revenue and exploits innovation in digital technology to identify future revenue growth. You should also consider the risk factors for future revenue generation.