Economics Answers

professor at several large universities incorporate smartphones into the classroom, effectively requiring students to purchase them?

The bretton woods system was based on which standard

During a five year period, the ticket sales of a city’s professional football team have
increased by 30 percent at the same time that average ticket prices have risen by 50
percent. Do these changes imply an upward sloping demand curve? Explain

What is the long run cost function if the production function is q=L+K?

What happen to consumers optimal choice of goods if all price and the consumers income double?

The purpose of economics is to provide a way to think. Economic thinking and decision-making recognize that because of scarcity something cannot be obtained without giving up something else. Consequently, we must make our decisions by comparing the costs and benefits and evaluating the tradeoffs. In doing so, five principles of economic thought come into play: tradeoffs, incentives, opportunity costs, marginal thinking, and voluntary exchange. Explain with a specific example of each how you apply these five principles of economic thought in your everyday life

Q. Prepare the cash flow statement from investing activities of Alpha Creative Ltd for the
year ended March31, 2019

Particulars Amount
Plant acquired 160000
Claim received for loss of plant in fire 45500
Unsecured loans given to subsidiaries 595000
Interest on loan received from subsidiary companies 72500

Also give reasons for the classification of above activities as inflow /outflow.

Following information is available in respect of a company named, as Beta Ltd

Particulars Amount -
Profit before taxes Rs 50 lakhs
Dividend declared per share Rs2
Price of the share prevalent on stock
exchange Rs 200
Applicable tax rate 35%
Share capital of company 5 lakh shares
of Rs 10 each

Calculate-
Earnings per share,
Dividend Pay-out Ratio,
Price earnings ratio

Wildcat Ltd, a manufacturing company sold a machinery for Rs 8 lacs at the year end.
The company had purchased the machinery four years back for Rs 15 lacs and had
depreciated the same using written down value method of depreciation @ 20%.
As an accounts executive of Wildcat Ltd, calculate the WDV of the asset for the four
years, accumulated depreciation for four years and profit/loss on sale, if any.

Through the use of an example(s) and correctly labelled diagrams, explain how a change in relative prices affects:
i) relative profits and
ii) resource allocation