Economics Answers

How does the monopolist determine price under third degree price discrimination?

Explain whether or not, why, and how the following items are included in the calculation

of GDP?

a) Suppose that the appliance store buys a refrigerator from the manufacturer on December 15, 2016

for Tk. 25,000, and that you then buy on August 5, 2017 for Tk. 40,000. What is the contribution to

GDP in fiscal year FY 2017 (July 2016 to June 2017)?

1.    Production Possibilities: The country Toyland can produce the following combinations of Dolls, and Fire Trucks:

Dolls: Fire Trucks:

400 0

300 230

200 360

100 460

0 500

a.  What is the opportunity cost to Toyland when it increases the production of dolls from 0 to 100? 2 Marks

b.What is the opportunity cost to Toyland when it increases the production of dolls from 100 to 200? 2 Marks

c.  Is Toyland faced with a tradeoff? Explain. 1 Mark   

         5 Marks Total

1.    The Circular Flow Model of the Economy:

a.  What are the four general categories of economic resources that companies need? List each one. 4 Marks

b.  Using TD Bank provide an example of each type of resource. 4 Marks

               Carefully Analyse the Circular Flow Model of the Economy shown above!

c.  Which arrow shows the flow of goods and services? Why? 2 Marks

d.  Which arrow shows the flow of spending by households? Why? 2 Marks

1. Demand and Supply

a.     In this market, what would be the equilibrium price and the equilibrium quantity? 2 Marks

b.    If price is $10, what would be the quantity demanded? 2 Marks

c.     If price is $25, what would be the quantity supplied? 2 Marks

d.    If the price is $25, would there be a surplus or a shortage? What would be the amount of the surplus or the shortage? 2 Marks

1.    Elasticity

You own a small-town movie theatre. You currently charge $5 per ticket for everyone who comes to your movies. Your friend who took an economics course in college tells you that there may be a way to increase your total revenue. Given the demand curves shown, answer the following questions.     15 Marks

The first is applying data analysis to catch pickpockets and increase public safety in Beijing’s subway system. The second is to apply the MineSweeper game logic to screen and detect internal control risks. The four types of data analysis in detail.

What type of the analysis is for the first case introduced?

1. Descriptive analytics.              B. Diagnostic analytics.
2. Predictive analytics.              D. Prescriptive analytics

The three principles to design high quality data visualization. Write a paragraph about what is data deception and how to avoid data deception.

Happy House Bakeshop uses a cash receipts journal, a sales journal, purchases journal, cash disbursements journal, cash receipts journal, and a general journal. 

1. Identify which journal should be used to record each of the following transactions? 

A. Adjusting entry to record depreciation

B. Purchase of baking equipment on credit

C. Sale of merchandise on credit

D. Sale of merchandise for cash

E. Cash refund to a customer who returned a product that was purchased

F. Return of merchandise to a vendor that was damage

G. Payment of property taxes 

H. Purchase of a delivery van for cash

I. Purchase of merchandise on credit

2. Explain how special journals can benefit accounting personnel.

3. Explain what you have learned about companies using special journals.

4. What information covered in Unit 4 interest you most and why?

Think of a company you may have worked for or one that you may be interested in working for. Once you have determined the company, write a paper that answers the following questions:  

• What is the name of the company?
• What are the company’s accounting and organizational internal control procedures? 
• What are your suggestions for the company on internal controls improvements? 
• Has the company ever experienced fraud? 
• What is the company’s plan to reduce fraud?

As technology continues to progress, careers in accounting information systems are being created. For this discussion take a moment to explore some of the new career paths in accounting information systems. In the discussion forum, post an initial response that answers the following questions:

• Explain which accounting information systems career path interests you.
• Discuss why this career interests you.
• Explain if the accounting information system position you chose can or cannot be used in your country.