Economics Answers

Suppose that you spent $200 on clothes and paid with a credit card. Your credit card company's monthly interest rate is 1.6 percent, and you paid $100 of your bill halfway through the month. Figure out the finance charge for the first two methods.
(1)Previous Balance (2) Adjusted Balance

Expansionary demand management policy measures tend to

According to the AD-AS model, a shift of AS curve from AS to AS1 is the result of

The short run aggregate supply curve upwardvsliping because

The effect of a change in the price level on consumer' s purchasing power is called

The general level of prices (represented by, for example, CPI) in the south African economy decelerated from 9% in 2009 to 4% in the first quarter of 2018. Based on this information, the south African reserve bank (SARB) is likely to - repo rate, which will result in a (n) -.

The aggregate demand curve shows

market demand is P=64-Q/7. A multiplant monopolist operates three plants with marginal cost functions:
MC1(Q1) = 4Q1
MC2(Q2) = 2+2Q2
MC3(Q3) = 6+Q3
i) find the monopolist's profit maximizing price and output at each plant
ii)how would your answer to part (i) change if MC2 (Q2) = 4?

Market price of bread before tax =$100 per unit
Unit tax =$30
Market price of bread after tax came into effect = $110
Quantity of bread sold after tax came into effect=1000
1. Calculate the sellers new after tax price
2. Calculate government s total tax revenue
3. Calculate tax incidence borne by buyers
4. Calculate tax incidence borne by sellers

If Jane were to increase her study time from three hours to four hours a night, her grade point average would increase from 2.5 to 3.2. Calculate Jane's elasticity of grade point average with respect to hours studying and interpret your resul