Economics Answers

When is a supply curve most elastic in nature? Discuss why this is the case?

Suppose a company makes an investment and opens another factory. In one or two sentences, explain how this investment directly creates jobs.

The price elasticity for the product of your company on the market is Ep = -0.8.
You are selling the product for $10 per unit.

What would occur to the total revenue coming from this product is you increase price to $11 per unit?

Please assist:
If a profit-maximising firm sells it's product for R300, but continues to produce even though it is making a loss, This suggests that
1. The marginal cost is less than the price
2. The average fixed cost is less than the price
3. The average variable cost is less than the price
4. The a average total cost is less than the price

exploring business analytics and enterprise system on managerial accounting

Which one of the following is not a demand factor in economic growth?

1) Investment
2) Consumption
3) Exports
4) Technology

Which one of the following is NOT one of the problems associated with GDP?

1) Negative externalities
2) Commercial farming
3) Illegal trade
4) Prostitution

Inward industrialisation involves......

1) The increase in domestic demand with the view to enable an economy to export goods that were previously imported
2) The use of import tariffs to encourage the local production of goods that were previously imported
3) The increase in domestic demand with the view to provide the basic consumer goods to the underprivileged members of the society
4) The substitution of local industries with foreign industries i order to reduce the costs of production in the economy

In the business cycle, an economic contraction occurs....

1) At the peak
2) Between the peak and the trough
3) At the trough
4) Between the trough and the peak