Economics Answers

Foreign trade is faced by many risksб among them export credit risk. Suggest the various ways that can be adopted to reduce export credit risk citing the consequences to lack of the measures.

John Scott has R200 per week available to spend on beer and cigarettes. Beer cost R10 per bottle and cigarettes cost R40 per packet. Suppose John buys 8 bottle of beer and 3 packets of cigarettes and that his marginal utility from beer is then 20 utils and that from cigarettes 35 utils. Is he in Equilibrium ?If not, Should he buy more beer or more cigarettes ?Explain ?

Pure monopolist is when d monopolist has___in d country.

A. Economies of scale
B. Large economies of scale
C. Capital
D. No competitor

Paul Mabaso'"s average utility from the consumption of 8 chocolate is 25 utils per slab. If the marginal utility of the 9th slab is 20 utils, will his average utility increase, decrease or stay constant if he consumes 9 slab ?Explain. What will happen to his total utility ?

Is product X a normal or an inferior good? Explain

With the development of artificial intelligence and the fact that this is the first time that society has had technological disruption that has the ability to think by itself. Will the widespread implementation of this technology give rise to changes and perhaps the replacement of some traditional economic theory?

Is Nigeria associated with positive or normative economy?

An increase in income would lead to...

The demand function for product X is: Qd = 600 – 20Px + 0.02Y – 5Pr The supply function is: Qs = –300 + 10Px
Where:
Qd = the quantity of X demanded Qs = the quantity of X supplied Px = the price of product X Y = the average consumer income Pr = the price of the related product R

What is the equilibrium price an quantity

The demand and supply schedules for potato chips are :

Price(rand per bag) QD Qs

5 160 130
6 150 140
7 140 150
8 130 160
9 120 170
10 110 180

a. Draw a graph of the potato chip market and mark in the equilibrium price and quantity.