Economics Answers

Do you think that a reduction in the firm’s variable cost would be beneficial for the company in the short run? If yes, why, If no, why not?
What is the relation between the firm’s output and its marginal cost?
Suggest how the firm can reduce the total cost of production
What is your explanation on prevailing cost conditions of the chosen firm?

1. How is the Real exchange rate of seven years calculated?
2. How is the nominal and real effective exchange rate index calculated?
3. how is the nominal exchange rate of seven years calculated?

Draw the graph for a monopoly with demand, marginal revenue, and marginal cost curves. Identify the profit-maximizing output level (Qm) and price (Pm). (Photos of your work are not accepted)

Suppose the monopolist sells Qm units of output at the regular price and then puts the product on sale at a lower price, Ps. Show the new price and quantity. What happens to the firm’s profits? Does price discrimination lead to a more efficient or less efficient outcome? Why or why not?

Explain the effectiveness of credit channel of monetary policy transmission by comparing the reaction of non financial companies in India.

Mention six branches of Accounting

What is the difference between Prudence concept and matching concept ? Using two sentences

Prepare the Trial Balance of Mojere & Sons from the following details for the month of March 2006.
March 1 Started business with N8,000 in the Bank
March 2 Bought goods on credit from the following persons: K. Hayford N760; Miller N270; Bukola N560
March .5 Cash Sales N870
March.6 Paid wages in Cash N140
March.7 Sold goods on credit to H. Elijah N 350;Leke N420; Jacob N720
March 9 Bought goods for Cash N460
March 10 Bought goods on credit from M. Miller N570, Bukola N980
March 12 Paid Wages in Cash N140
March 13 Sold goods on credit to Leke N320, Jacob N230
March 15 Bought goods by cheque from Betha Ltd N500
March 17 Paid M . Miller by cheque N840
March 18 Returned goos to Bukola N200
March 21 Paid Betha Ltd a cheque for N500
March 24 Jacob paid up his account by cheque N950

finding MPs from saving function

1. Why did housing prices rise rapidly during 2002-2005? Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the current recession began?
2. What happened to the credit standards (e.g. minimum down payment, mortgage loan relative to the value of the house, credit worthiness of the borrower) between 1995 and 2005? Why did the credit standards change? How did this influence the housing price bubble and later the default and foreclosure rates?
3. If owners have little or no equity in their houses, how will this influence the likelihood they will default on their mortgage? Why
4. When did mortgage default and housing foreclosure rates begin to rise rapidly? When did the economy go into the current recession? Was there a causal relationship between the two? Discuss.

The law of supply state that