Economics Answers

The average cost function of a good is given by AC=200/Q +2Q-36

Where Q is quantity produced. The level of output that minimises average cost is :-

A travel agency has offered to charter a flight from Perth to Sydney return for $50,000. Fracas Airlines would normally charge $100,000 for a Perth to Sydney return flight.

Expenses per flight are as follows;
VC per flight = $20,000
FC allocated to each flight = $35,000
(FC = $350,000, Fracas Airlines operates 10 flights).

Fracas Airlines has two aircraft which are presently not being used.
Should the offer be accepted?

What is the south African government providing and to whom?

Explain meaning of term ‘equilibrium price and quantity’ in the market for a good, how a new equilibrium is established when there is an increase in demand and respond to the reason that government has intervened.

Consider the following.
Government spending = R550
Exports=R330
Autonomous consumption =R280
Autonomous imports =R170
Investment expenditure=R120
Marginal propensity to consume = 0,75
Full employment level of income =R5700

A. Autonomous expenditure is equal to (1)R900 (2)R960 (3)R1040 (4)R1110
B. What is the marginal propensity to save? (1)1 (2)1.60 (3)0.25 (4)0.40
C. What is the value of the multiplier? (1)2 (2)2.50 (3)4 (4)3
D. What is the equilibrium level of income Y*? (1)R5120 (2) R4440 (3)R4400 (4) R5260

what forms of interventions do you think Eskom can put in place in order to cover up for all the debts and continue operating

How can we show overall demand visually?

What is the fundamental difference between state- supported firm monopoly and a
monopoly that develops in the market?

How the New York Stock Exchange is being hit during the february coronavirus crush?

for each of the following equation , determine whether demand is elastic, inelastic, or unitary elastic at given price.
a. Q=100-4P and P = Rs 20.
b. Q= 1500-20P and P= Rs 5.
c. P=50-0.1Q and P Rs.20.