Economics Answers

The price of Tomato rises to Rs 50 per kg. So it's demand falls but another magazine prints that tomato contains important nutrients, it increases the demand for them. Explain the affect in demand of two.

what non-price determinant causes a pent up demand and how does it cause?

What are three advantages of using payroll services provided by a BAS agent?

When a market is in equilibrium, given all the other factors that influence demand and supply, what happens to the buyers and the sellers?

State weather the following statements are True or False.

1. For a trading firm, revenue is recognised when the goods are delivered.
2. In the income statement, insurance would be classified as a financial expense.
3. Allowance for doubtful debts is a negative liability.
4. Accrued expenses are liabilities yet to be paid.
5. The physical stocktake valuation at the end of the accounting period is deducted from 'Cost of goods available for sale'.

30. Will you recommend a company to buy this machine if the following information is given to you? Cost $60000, life is 9 years, scrap value after ten years is 9500, and Annual Deprecation is 10% straight line method.

5. Provide at least 5 examples of features that would need to be compared and measured against user requirements to enable the identification of alternative systems and solutions

A consumer buys bread (b) and milk (m) each week at price Rs. 10 and Rs. 8 respectively. Suppose that the consumer's current consumption of bread and milk is giving him MU (bread) = 80 and MU (milk) = 70 . Is the consumer buying the utility maximization combination of bread and milk? If not how should he reallocate his expenditures between the two goods to maximize utility? Draw diagram and explain

what are the two main types of advertising?

Our Finance teacher wants us to explain the meaning each of the following:
1. More value is preferred to less value
2. The sooner cash is received the more valuable it is
3. Less risky assets are more valuable than riskier assets