Economics Answers

EXPLAIN HOW CHANGES IN EXCHANGE RATE CAN INFLUENCE EXPORTS AND IMPORTS

DRAW A DEMAND AND SUPPLY CURVE FOR BRITISH POUND (ON THE VERTICAL AXIS PLOT RAND PER BRITISHPOUND)

Mrs. Wilson buys loaves of bread and quarts of milk each week at prices of CAD1 and CAD0.80, respectively. At present she is buying these two products in amounts such that the marginal utilities from the last units purchased of the two products are 80 and 70 utils, respectively. Is she buying the utility-maximizing combination of bread and milk? If not, how should she reallocate her expenditures between the two goods?

If drug cost $600 with its pain reduction unit of 30 units and its ICER of drug with doing nothing is 20. However, the patient wants to pay $10 per pain reduction unit. Will he buy the drug. Why, why not?

Describe 3 or 4 features from the new health-care laws and relate each feature to one of the 4 key issues.
Be sure you can describe, not just list features

bread is being produced being produced in two bakeries in lusaka. they compete keenly and there is no collusion between them -explicit or implicit / the bread they produce is identical
X1 represents the output of the first bakery
X2 represents the output of the second bakery
the marginal cost in ngwee of the firm is described by
MC1 =400+1/2X
MC2 =2 X2+100

the demand for bread in lusaka is 4500 dozen loaves a day (at any price)
(a) what equation is needed to complete the model?
(b) how many loaves of bread will be produced by bakery 1 and 2
(c) at what price(s) will bread be sold in the two bakeries?

Elasticity generally measure what

Cutting the deficit over the next four years​ ______.
A.
definitely decreases the number of jobs
B.
increases or decreases the number of jobs but we​ don't know for sure
C.
definitely increases the number of jobs
D.
has no effect on the number of jobs

Can determination of foreign exchange rate be found by change in demand or supply method i.e. without changing price? If no then why not ?

Who would benefit and who would lose if the South African government doubled the tariff on imported frozen chicken leg quarters from Brazil? Explain.[4]