Economics Answers

Why competition is a result in scarcity?

The economy goes from point A to point B on the PPF. What is the gain in cameras?

P=100-0.5Q where Q=q1+q2, TC1=5q1,TC2=0.5q2 find betrand equilibrum

Consider the production function faced by an economy in a particular year, Y=square root of K. N. Assume that N equals to 1 what level of capital will be required to achieve output of 9million

How can cross currency swaps or derivatives be used to help a country hide its debt? How did Goldman Sachs do this in Greece’s case?

What will happen to the interest rates if national income continues to rise?

the term fractional reserves refers to

Suppose that businesses buy a total of $100 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest, how much are households paid for providing entrepreneurial ability?

A grocery shop sells milk packets (containing 1/2 a litre of milk) as well. It makes bulk purchase of the same from the nearby city. Every time a purchase is made, it incurs a cost of Rs.50 towards transportation. The daily demand of packets is about 250. Holding cost is Rs.0.10 for a packet a day to preserve it in a refrigerator. Determine the optimum quantity of a bulk purchase and the cycle time.

1. Inventory change=last period's ending inventory- the current period's ending inventory.
2. Change in inventory= production of the firm during the year- sale of the firm during the year

No doubt in (1) but in (2) "production of the firm during the year- sale of the firm during the year" tells about remaining part which is unsold. How could we say unsold product is "change in inventory"?

Numerical example to this?
Gross value added (GVA) = Value of sales by the firm + Value of change in inventories – Value of intermediate goods used by the firm.