Economics Answers

Let the market supply function of 2000 sellers is given as Qs = 4000 + 20Px. and the individual demand function of 5000 buyers is given as 2px = 1500 – 0.2Qd. Then compute

A.  The market clearing price. B.  The equilibrium quantity. C.  Explain graphically.

The weekly demand function for a product Z sold by a given supermarket is 30, 000 units when its price was birr 2. A 10% rise in the price of product Z results in the weekly demand to fall by 2000 units. Then drive The demand function

The weekly demand function for a product Z sold by a given supermarket is 30, 000 units when its price was birr 2. A 10% rise in the price of product Z results in the weekly demand to fall by 2000 units. Then drive The demand function

take a look around your house, your room and in your driveway/garage to truly assess the impact international business has had/currently has on you and your family. 

Suppose an investor is given an investment opportunity that will provide a future value of Kshs 50,000 when it matures at the end of two years. How much would an earning of Kshs 50,000 be at the end of 2 years, at a rate of 10 percent?

Match each type of visualization with its corresponding purpose by selecting each tile and placing it in the table below.

Purpose Type of Visualization Comparison

Trend Evaluation

Distribution

Correlation

Part-to-whole

Types of visualization

line chart/area chart, bar chart, scatter plot/heatmap, histograms/box plots, and pie charts/tree map

Download historical daily stock price data for a few stocks from the Internet. Write down a purpose statement for creating a visualization to analyze this data. Then, create a good and a bad example of a viz addressing the purpose. The good viz should use the appropriate chart type; the poor viz should use an incorrect chart type. Describe why the different types are good or bad examples of achieving the visualization purpose.

For each of the following statements, illustrate the effect of each event on the market for red snapper fish and indicate the effects on the equilibrium price and quantity.

i. A surgeon general warns that high-cholesterol foods such as beef cause heart attacks. (3 marks)

ii. A new fishing wire reduces the time taken to harvest fish while at the same time there is a report that persons have developed food poisoning from consuming fish. (3 marks)

Imagine a dataset that pertains to an accounting or business decision. For the business decision, write four scenarios that require the computation of (1) a descriptive analytic, (2) a diagnostic analytic, (3) a predictive analytic, or (4) a prescriptive analytic. Indicate the analytic you would perform for each scenario.

Personal Budgeting

Personal budgeting can be very difficult. Nerd Wallet has an amazing website that covers all the basic steps to developing a personal financial budget and it also has great online tools.

Content Link: https://www.nerdwallet.com/article/finance/how-to-budget

Question - After reviewing the site - Please identify one thing on the site that you found very helpful. Identify and describe the item and encourage other students to take advantage of the item you found on Nerd Wallet.

Discussion Board Directions

Answer the questions above after reviewing the site:

Please identify one thing on the site that you found very helpful. Identify and describe the item and encourage other students to take advantage of the item you found on Nerd Wallet. Make sure to use proper grammar and punctuation in this college-level course in all correspondence. Please avoid “text” or “Twitter speak” when corresponding.