In April 2025
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Graphically represent the following notion with a little explanation
What will happen to the market of laptops if the number of online researchers increases and the same time the government of Pakistan increases the direct taxes on the income of the Fors? Justify your answer by changing / shifting the demand and supply curves and also keep in hat the change in the either of demand and supply is quite same?
The price of spring water rises from $1.90 to $2.10 a bottle, and the quantity demanded decreases from 11 million to 9 million bottles a week.
1a. Calculate the percentage change in the price of spring water
explain how an increase in a person's income can lead to lower consumption of an inferior good such as hamburgers and higher consumption of say steak.
Explain with help of appropriate diagrams the effect that a fall in price of good x may have on the equilibrium price and quality of good Y consumed?
Fiscal policy is action taken by ______________ to stabilize the economy.
The individual’s demand curve for a commodity represents a maximum boundary of the individual’s intentions True or false. Explain
Ball Bearings, Inc., faces costs of production as follows:
Quantity Total Fixed Cost Total Variable Cost
0 $100 $0
1 100 50
2 100 70
3 100 90
4 100 140
5 100 200
6 100 360 Calculate the company’s average fixed cost, average
variable cost, average total cost, and marginal
cost at each level of production.
b. The price of a case of ball bearings is $50. Seeing
that he can’t make a profit, the chief executive
officer (CEO) decides to shut down operations.
What is the firm’s profit/loss? Was this a wise
decision? Explain.
c. Vaguely remembering his introductory economics
course, the chief financial officer tells the CEO
it is better to produce 1 case of ball bearings,
because marginal revenue equals marginal cost
at that quantity. What is the firm’s profit/loss
at that level of production? Was this the best
decision? Explain.
Suppose a firm producing coffee provides you with the following information:
Price = R100
Quantity = 150 units of coffee
Cost of production = R9 500
7.3.1. Calculate the total revenue of the firm. (1)
7.3.2. Is the firm currently making a profit or a loss? Explain. (2)
The market supply curves and market demand curves for books are given as follows: supply curve:P = 0.000002Q, Demand Curve:P = 11- 0.000002Q, The short-run marginal cost curve:MC = 0.1 + 0.0009Q, the equilibrium quantity of books is?
Which of the following is correct regarding the effect of expansionary monetary policy in the Keynesian model?
a.
The consumption function swivels downward showing a fall in aggregate spending and income.
a. The consumption function swivels downward showing a fall in aggregate spending and income.
b.
The aggregate spending curve will shift downward showing a fall in aggregate spending and income.
b. The aggregate spending curve will shift downward showing a fall in aggregate spending and income.
c.
Investment spending will increase, which is shown by an upward shift of the aggregate spending curve.
c. Investment spending will increase, which is shown by an upward shift of the aggregate spending curve.
d.
Firms will choose to invest less.
