Economics Answers

Assume that you are an Australian firm exporting software products to the United States. Explain the impact of this recent drop in the AUD on your business.

You are at the midpoint of a project and have used only 30% of your budget. Does this mean that you will be under budget at the end of the project? Explain your answer.

how to illustrate a change in demand If there's an increase of interest in toys

An increase in the Consumer Price Index is commonly referred to as

Which of the following groups is most hurt by unexpected inflation?

a. People with large debts to pay for their homes and cars
b. Homeowners
c. People with large retirement savings held in savings accounts
d. Workers with cost of living adjustments in their labour contracts

1. A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2
. Find
the output that maximises this monopolist’s profits. What are the prices at profits
and that output? Find the elasticity of demand at the profit maximising output.

The demand for ice cream cones is p=1600 and Qd is 2. The supply of ice cream cones is p= 400 and Qs if 1.The price of a cone is expressed in cents ,and the quaquantities are expressed in cones per day.To find the equilibrium price (P*) and the equilibrium quantity (Q*) substitute Q* (for QD and QS and p.for QD, P=a-bQd and for Qs P=c+dQS)

For a country like United states explain why the CPI would increase at a faster rate than the GDP deflator during periods of oil and gasoline price increase.

n the labour market for carpenters, the current market clearing wage rate is R800 per day. With the
aid of a diagram, discuss the welfare effects of government intervention in the form of legislation that
sets the minimum wage rate for a carpenter at R1000 per day.

What would be the impact on Inflation and unemployment if there is a sustain decrease in aggregate demand?