Economics Answers

What is market equilibrium? Show this graphically (You can insert the graph image). Why is it advantageous for the market price to be at equilibrium? Discuss the issues of Price Ceiling and Price Floor.

In what way are entrepreneurs and businesses at the helm of the economy, but commanded by consumers? Apply our circular flow economy.

How does self-interest help achieve society’s economic goals? Think about your self-interest as a consumer. Use your personal testimonial as a consumer.

What factors lead to high pump gas prices these days from Supply perspectives? Apply ALL of PRESTN Supply Determinants and include the source pages in your textbook.

Discuss the principles that explain individual behaviour by g.mankiw

Ananlyze the effect of a price ceiling in the market for wheat on equilibrium price and quantity. Will consumers/ producers/ both benefit because of this price ceiling? Explain using changes in consumer and producer surpluses.

Undertake your own research to collect three pieces of financial data. Each piece of data must come from a different source. Submit a copy of the data and your comments in response to these activities to your trainer/ assessor.

c. Describe how you could index the data to ensure it can be quickly located and referred to later. Be specific.

(Profit and loss statement from the following link)
https://corporatefinanceinstitute.com/resources/knowledge/accounting/profit-and-loss-statement-pl/

Undertake your own research to collect three pieces of financial data. Each piece of data must come from a different source. Submit a copy of the data and your comments in response to these activities to your trainer/ assessor.


b. Evaluate the usefulness of the data to those who might be required to provide a report on financial activity. (Balance Sheet) (From the following link)

https://www.accountingcoach.com/balance-sheet/explanation/4

Undertake your own research to collect three pieces of financial data. Each piece of data must come from a different source. Submit a copy of the data and your comments in response to these activities to your trainer/ assessor.

a. Summarise the bank statements data (First one from the following link)

http://tripevent.co/7-sample-of-bank-statement.html

what is the purpose of the cash flow projection?