Economics Answers

Give an example of an important trade off that you have done in your life and identify the economic impact of such.

Identify an economic policy and discuss whether you agree with the policy or not and why?

When a price rises from $3 to $5, what is the price elasticity of demand?

1. What do budgets show that helps decision-makers decide which projects to fund? Include both internal and external funders.
2. List several criteria management might use to complete the project selection process.

1. What is the budget calendar
2. Describe how the accountant assists decision making by identifying budget trends
3. What three steps should be undertaken when making assumptions about feasibility?
4. What accounting standard is relevant to feasibility projections and what other safeguards ought to be considered in regard to budget reporting?
5. Internal management and external funding bodies use budgets to help assess which projects should be chosen. How are new project budgets constructed?

What five factors should the annual reporting timeline cover?

Supporters of free trade zones would most likely argue that this map demonstrates how free trade

Hi i have tried many textbooks and online resources but cannot find the solution to the following revision questions, your help will be greatly appreciated.

1) If the supply equation is given as Q = -200 + 10p and the price of supply changes from R40 to R50. Using the arc elasticity of supply what is the price of elasticty of supply?

When accounting profit is zero what does it mean ?
none of the above
implicit cost is covered
explicit cost is not covered
implicit cost is not covered

Which is not the difference between labor and organization (manager)?
labor works for wages and organization works for profit
labor does his work and organization just sits in office
labor has to finish his own work and organization has to help all other inputs too
labor works his own task and organization manages all the inputs

what are the impacts of the following on the equilibrium condition of monopoly and perfect competition
1 change in technology
2 change in fiscal policy
3 Dynamic in exchange rate
4 change in aggregate monetary policy
5 inflation