Economics Answers

Note on responsiveness under international business.

Note on leverage effect on international business.

Note on economies of scale on international business.

What strategies you advocate for the company to follow under international business?

Explain the role of international finance on to the expansion of international business.

Explain the difference between MNC, global, TNC and international companies.

How globalisation affects the operations of MNC enterprises?

ABC company manufactures digital clock radios and sells on ave 3000 units monthly at $25 each to retail stores. Its closest competitor produces a similar type of radio that sells for $28.
a. If the demand for ABCs clock radio has an elasticity of -3, how many will it sell per month if the price is lowered to $22?
B. The competitor decreases its price to $24. If cross-price elasticity between the two radios is 0.3, what will abcs monthly sales be?

Suppose that the market for paint is in equilibrium. The demand for paint is given by Qd=5000-8P. The supply of paint is given by Qs=2000+2P. What is the price elasticity of demand at the market equilibrium?

The demand for comic books is given by P = 90 – Qd. Supply of comic books is given by P = 2Qs. Suppose that the government imposed a price floor of $70 in this market. What will be the minimum size of deadweight loss?