Economics Answers

1.You have good tickets to a basketball game an hour’s drive away. There’s a blizzard raging outside, and the game is being televised. You can sit warm and safe at home and watch it on TV, or you can bundle up, dig out your car, and go to the game. What do you do?

a.What type of cost is your expenditure on tickets?

calculate;the unemployment rate,labour force participation rate,absorption rate,given the following statistics south africa reported the following data for 2012.labour force.17948000.employment,13422000,working age population 32786000

Draw a demand and supply curve for British pounds(on the vertical axis plot rand per British pound).

Let, the production function realized by the noodle factory is Q = 100√KL, wage rate = rs 50, rate of interest = rs 40, P = rs 2 per unit.
a. compute productivity of two inputs.
b. i) show how show how to determine the amount of labour and capital that the firm should use in order-to minimize cost of producing 1118 units of output, ii) What is the the profit and minimum cost ? iii) what will be the minimum cost and optimal employment of labor and capital at output 2236 units.
C. i) What will be the optimal employment of labour and capital in order to maximize output under given cost outlays rs 1,000? ii) what is the level of output and profit? iii) what will be the level of output and optimal employment of labor and capital when the total cost outlay increases to rs 2,000?

Pharmaceutical companies typically have high advertising to sales ratios because:

a.Prescription drugs are search goods.

b.Prescription drugs are experience goods.

c.Free samples to doctors are expensive.

d.Television advertising is expensive.

In the short run, research and development costs are _______ and are therefore_______ when setting price.

a.variable, irrelevant

b.variable, important

c.large, important

d.sunk, irrelevant

The nominal price of a college education rose to $15,212 in 2009. The CPI was 107.6 in 1985, 130.7 in 1990, and 144.0 in 2009.
A)What was the real price of a college education in 2009 in terms of 1985 dollars?
B) What was the real price of a college education in 2009 In terms of 1990 dollars?

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Compare and contrast using Pigouvian taxes to address opioids vs. offering access to preventive services for opioids. explain

Calculate the equilibrium level of income if C = R100 million + 0,8Y and Ī = R125 million.[5]

Explain how changes in exchange rates can influence exports and imports.