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What will happen to the demand curve of commodity X when price of a substitute increase.

Q1. Show what will happen to the demand curve of commodity X when price of a substitute increases.



Q2. X and Y are substitute to one another what happen when price of a substitute increases, show its effects on the demand of the other goods.



Q3. If money income increases what will happen in the demand of the commodity X?



Q4. If money income decreases what will happen in the demand of the commodity X?

A company makes two products, A and B. Product A requires 12,5 hours of machining time and 30 minutes of finishing time per unit. Product B requires 10 hours of machining time and one hour of finishing time per unit. There are 10 000 hours and 600 hours available for machining and finishing respectively. Severe material shortages for the two products will limit their production to a maximum of 700 units for product A and 400 units for product B per day. If z and y are the number of units of product A and B produced per day respectively, choose the system of inequalities that describes the process.



1. 12,5x+10y<=10000; 0.5x + y < 600 ; x < 700 y <= 400 x, y >= 0 2. 12, 5x + 10y >= 1000 0.5x+y<600;x<700 y < 400 ; x, y >= 0 3. 12, 5x + 10y < 1000 0.5x + y <= 600 ; x > 700 ; y > 400 ; x, y > 0 4. 12, 5x + 10y < 10000 0.5x+y>=600;x>=700 y<=400; x, y > 0

For an enterprise is given the following table, each worker earns a daily compensation of $80.


Number of Labour TP AP MP

0 0

1 8

2 14

3 18

4 25

5 30

6 32



(I) Calculate AP, MP, AVC, MC, and show your calculations.


(II) Represent in two different graphs the AP and MP(first graph) and AVC and MC (second graph).

(III) Compare MP and MC curves. Indicate similarities and differences.


(IV) Find at which point labor productivity starts to decline and explain why this happens?



1.2.2 Describe in detail any alternative approach that Cadbury Schweppes could have used as the entry 

strategy to the Poland market. Provide a motivation as to why do you think that could have been the 

best approach.


1.2 The case study illustrated that Cadbury Schweppes took action and decided to build a factory 

worth £20m in Poland. There were other strategies that Cadbury Schweppes could have used to enter 

the Poland market.


2.2 Examine the reason why companies need to consider the wellbeing of their employees and the 

community during the construction period of their enterprise?


2.3 Analyse a scenario of any organisation that failed to consider their employees' wellbeing and the 

community during the construction phase of their enterprise. In your analysis critically explain the 

impact it had in the organisation and the community.


600 words total

By giving examples describe what happens when we have a lack of competition in a monopolistic market?


By giving examples describe what happens when there is a lack of substitutes in a monopolistic market?


For an enterprise is given the following table, each worker earns a daily

compensation of $80.


Number of Labour         	            TP				     AP					MP
0 										0
1										8
2										14
3										18
4										25
5										30
6										32


(I) Calculate AP, MP, AVC, MC, and show your calculations.


(II) Represent in two different graphs the AP and MP(first graph) and AVC and MC (second graph)


(III) Compare MP and MC curves. Indicate similarities and differences.


(IV) Find at which point labor productivity starts to decline and explain why this happens?


Explain each answer, please


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