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What is the likelihood that firms would
enter the market in the short-run? Use Covid 19 as a market condition to explain the likelihood and further explain an exit strategy if one exists.
Discuss Two impact of income tax on final salary package?
What are various laws related to banks in Zambia and how they have been applied to save banks from collapsing? 10 marks
Distinguish among catalog items, custom-built items, custom-designed
items, and services Explain how marketing requirements vary across
these classifications
Increase in minimum wage law how this effect would this increase have on unemployment does the change in unemployment depend on the elasticity of demand supply or both the elasticity is or neither
Explain why classical theiruests beloved that there would be no long term involuntary un employment
Suppose you are a first year university student.
a. In what ways is your standard of living different from that of your (i) parents
and (ii) grandparents when they were your age?
b. Why have these changes occurred?
You just won the lottery. You can take your Rs.10, 00,000 in a lump- sum today, or you can receive Rs. 100,000 at the end of every year for 12 years. You can invest your money 3%per annum. Ignoring all tax consideration, which would you prefer? But if you receive Rs.50,000at the end of every six-month as semi- annual compounding system, what could be the difference in your decision?
Imagine a society that produces military goods and consumer goods, which we will
call “guns” and “butter.”
a. Draw a production possibilities frontier for guns and butter. Using the concept
of opportunity cost, explain why it most likely has a bowed-out shape.
b. Show a point that is impossible for the economy to achieve.
c. Show a point that is feasible but inefficient.
d. Imagine that the society has two political parties, called the Hawks (who want
a strong military) and the Doves (who want a smaller military). Show a point
on your production possibilities frontier that the Hawks might choose and a
point that the Doves might choose.
e. Imagine that an aggressive neighboring country reduces the size of its military.
As a result, both the Hawks and the Doves reduce their desired production of
guns by the same amount. Which party would get the bigger “peace dividend,”
measured by the increase in butter production? Explain.
Draw a consumer budget constraint and indifference curves for Pepsi and Pizza. Find out the optimal consumption choice when consumer has income of $2000 and the price of Pepsi is $5 per bottle and the price of per pizza is $10.What is the marginal rate of substitution at this optimum?
