Economics Answers

Do you agree with the following statement: “The price of electricity is going up; therefore we are experiencing inflation”?

Consider a monopolistic firm facing the following market conditions: p = 200 – Q TC = 200 + 40Q Calculate the monopolist's profit maximizing price and output, along with monopoly profits.

A firm face inverse demand curve p=150-0.25Q with total cost function TC=2000+22.5Q
Assuming the firm maximizes profits Answer the following:
1* firm operates as a monopolist calculate the (a) price (b)quantity (c)profit show the graph of equilibrium price and quantity
2*Assuming perfect competition calculate the (a)price (b)quantity (c)profit.show the equilibrium price and quantity

Identify and define the macroeconomic variables that can be used to measure whether
the strategy was successful or not.

The core elements of the Growth Employment and Redistribution (GEAR) strategy of the South
African government in 1996, under the leadership of the then finance minister Trevor Manuel were
amongst other things:
 budget reform to strengthen the redistributive thrust of expenditure
 monetary policy to prevent a resurgence of inflation
 a reduction in tariffs to contain input prices and facilitate industrial restructuring,
compensating partially for the exchange rate depreciation
1.1 With reference to the above, identify the macroeconomic objectives in these elements.

If C=1000+3/5y
S=4000+0.1y
G=2400+0.15y
X=2600x0.15y
M=1000+0.1y

1. determine the equilibrium income level of the given letter
2. What are the actual value at G, I GxM

Peanut crops have been destroyed by a fungus. Consumers are substituting almond butter for peanut butter because they perceive it to be a healthier option. The prices of both peanut butter and almond butter are rising. Why?

Hi, I have a question related to supply and demand theory. What happens when the demand of a product increases but there is a restriction that doesn't permit a rise in the prices? For example, during an emergency the prices of emergency articles freezes. We know that the demand of (let say water) will be higher but, what will happen with the curve of supply? What will be the change in the curve of supply and demand in comparison with the curve during normal situation?

If there are initially 1800 bacteria in a culture and the number of bacteria triple each hour, the number of bacteria after t hours can be found using. Y=1800(3)^t

how to calculate this problem: p=10 Tca=70+30Q+2Q'2 Tcb=400-50Q+5Q'2 find 1 profit 2 quantity