Learn more about our help with Assignments: Economics
Search & Filtering
Other things remaining the same, what would happen to the supply of a particular commodity if the following changes occur?
a. The price of the commodity decreases.
b. A technological breakthrough enables the good to be produced at a significantly lower cost.
c. The price of inputs used to produce the commodity increases.
d. The price of a commodity that is a substitute in production decreases.
e. The managers of firms that produce the good expect the price of the good to rise in the near future.
f. Firms in the industry purchase more plant and equipment, increasing the productive capacity in the industry.
a. The price of the commodity decreases.
b. A technological breakthrough enables the good to be produced at a significantly lower cost.
c. The price of inputs used to produce the commodity increases.
d. The price of a commodity that is a substitute in production decreases.
e. The managers of firms that produce the good expect the price of the good to rise in the near future.
f. Firms in the industry purchase more plant and equipment, increasing the productive capacity in the industry.
What happens to demand when the following changes occur?
a. The price of the commodity falls.
b. Income increases and the commodity is normal.
c. Income increases and the commodity is inferior.
d. The price of a substitute good increases.
e. The price of a substitute good decreases.
f. The price of a complement good increases.
g. The price of a complement good decreases.
a. The price of the commodity falls.
b. Income increases and the commodity is normal.
c. Income increases and the commodity is inferior.
d. The price of a substitute good increases.
e. The price of a substitute good decreases.
f. The price of a complement good increases.
g. The price of a complement good decreases.
What happens to demand when the following changes occur?
The price of a complement good increases.
The price of a complement good increases.
The Demand equation for a product is given by
Q=20I/P
Where I is the income and P is the price.
a) Write an equation for the point price elasticity. For what values of I and P is demand unitary elastic? explain
b) Write an equation for the point price elasticity. For what values of I and P is the good is necessity? Explain
Q=20I/P
Where I is the income and P is the price.
a) Write an equation for the point price elasticity. For what values of I and P is demand unitary elastic? explain
b) Write an equation for the point price elasticity. For what values of I and P is the good is necessity? Explain
Mighty-lite inc., a manufacturer of plastic tables for institutional use is considering a capital spending program involving annual expenditures of 100,000 for each of the next five years. the firm estimates that its annual profit of 100,000 would increase by 50 percent when the capital program was completed. assuming the firm has a 20-year life and the appropriate interest rate is 12 percent, should the capital spending program be implemented?
A recent MPA graduate looking is looking for an apartment in the Washington area. She would like to have a spacious apartment but also plans to use enough heating and air-conditioning to be comfortable in winter and summer. She knows from experience that she will use one kilowatt-hour (kwh) of electricity, on average, per square foot of floor space per month. Rents in the neighborhood where she would like to live are $0.90 per square foot per month, and electricity costs $0.10 per kwh.
a. Assuming she has $1000 a month to spend on rent and utilities, draw her budget constraint and a couple of her indifference curves. Show her equilibrium and calculate how many square feet of apartment space and kwh of electricity she consumes.
b. Now suppose she gets a promotion and can afford to spend $1500 on rent and utilities. Show her new equilibrium and calculate her consumption of each good.
a. Assuming she has $1000 a month to spend on rent and utilities, draw her budget constraint and a couple of her indifference curves. Show her equilibrium and calculate how many square feet of apartment space and kwh of electricity she consumes.
b. Now suppose she gets a promotion and can afford to spend $1500 on rent and utilities. Show her new equilibrium and calculate her consumption of each good.
Tawil Plant Foods, Inc. estimated the demand elasticities for the organic yoghurt, a product that they distribute nationally. They found that the price elasticity of demand (EP) is -4, the income elasticity of demand (EI) is 2, the cross-price elasticity of demand (EYK) with respect to the price of the King yoghurt is 1.5, the cross-price elasticity of demand with respect to the price of PrimoPlants Mix nuts (ESM) is -2, and the demand elasticity with respect to advertising expenditures (EA) is 5.
The current price of Tawil's yoghurt is $29.95, per capita income is $11,000, the price of King's yoghurt is $39.99, the price of Mix nuts is $8.45, and advertising expenditures are $84,000 per month.
If Tawil increases its price of yoghurt by 10%, per capita income rises by 5%, the price of King's yoghurt increases by 4%, and the price of Mix nuts falls by 2%, by how much will advertising expenditures have to change in order to keep the sales of Tawil's yoghurt from changing?
The current price of Tawil's yoghurt is $29.95, per capita income is $11,000, the price of King's yoghurt is $39.99, the price of Mix nuts is $8.45, and advertising expenditures are $84,000 per month.
If Tawil increases its price of yoghurt by 10%, per capita income rises by 5%, the price of King's yoghurt increases by 4%, and the price of Mix nuts falls by 2%, by how much will advertising expenditures have to change in order to keep the sales of Tawil's yoghurt from changing?
Economics
1. there are several managers - including sales, production and transport - in the company where you work who each understand the company's budget objectives. as the head accountant you have been given last year's master budget and told to use all sources of information in assembling objectives and assumptions for next year's expense budgets. Briefly list how you would do this
2. the amount of raw materials to be purchased is finalised including an accurate assumption from the production manager. Where else would you search for source documentation ans what steps dpes it required to assemble a report about the behaviour of the budget especially the expected cost of raw materials?
2. the amount of raw materials to be purchased is finalised including an accurate assumption from the production manager. Where else would you search for source documentation ans what steps dpes it required to assemble a report about the behaviour of the budget especially the expected cost of raw materials?
1. how does revenue forecasting affect the rest of the budget process.
2. what are the limitations of revenue forecasting technique?
3. how can this be countered.
2. what are the limitations of revenue forecasting technique?
3. how can this be countered.
Economics
Who is responsible and what standards for negotiations should be set during budget meetings with the managers and CEO?
