Economics Answers

Opportunity cost is all about making choices and how you adequately and effectively manage it. What do you understand by the concepts of intra and inter temporal choice models in Managerial Economics, further as a fresh graduate of MSc in Managerial Economics, clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity cost if not managed adequately and effectively ?

How the economic problems can be solved during the covid-19? Which school of thought help in the best way to solve these problems.

what are the determinants of the rate of inflation? What role do macroeconomics polices play in determining inflation rate?

A man is required to pay 57500 pesos at the end of 15 days of 60000 pesos at the end of 60 days. Determine the rate of interest.

Explain law of diminishing returns

Explain the concept of average propensity to consume (APC) and average propensity to save (APS) .

Given the following information:

Consumption Funciton = C = 1600 + 0.4Yd

Investment = RM1200

Government Expenditure = RM 1180

Taxes = RM6

Derive new consumption function and saving function for this economy.

Calculate the national income equilibrium for a three sector economy using AS=AD Approach and Leakage = Injection Approach. 

Draw the curve for the national income equilibrium for a three sector economy using AS=AD Approach and Leakage = Injection Approach. 

1. List a business/Industry that has been impacted by the pandemic. The impact can be negative or positive. Try not to be too vague or general. For example, don't simply say the pandemic has negatively impacted the service industry. Instead, list a specific service.  DO NOT select the FAST FOOD or RESTAURANT industries. Those sectors are far too common. Write a paragraph

2. Explain how the business/industry was impacted. Was the impact positive or negative? Write a paragraph

3. Discuss the strategic measures the business has implemented to address or tackle the impact. Write a paragraph

4. Do you feel the company/industry addressed it appropriately? List any recommendations you would provide that business? Write a paragraph

We actually came across an news article that interviewed a bicycle shop owner who was on the verge of closing his shop before the pandemic, and now due to the pandemic their sales skyrocketed and they were constantly selling out of inventory.

1. List a business/Industry that has been impacted by the pandemic. The impact can be negative or positive. Try not to be too vague or general. For example, don't simply say the pandemic has negatively impacted the service industry. Instead, list a specific service.  DO NOT select the FAST FOOD or RESTAURANT industries. Those sectors are far too common. Write a paragraph

2. Explain how the business/industry was impacted. Was the impact positive or negative? Write a paragraph

3. Discuss the strategic measures the business has implemented to address or tackle the impact. Write a paragraph

4. Do you feel the company/industry addressed it appropriately? List any recommendations you would provide that business? Write a paragraph

Here are 5 monopoly-related essay titles. How might you answer each one so that you specifically answer the question set?

• Discuss the view that all monopolies are bad for consumers
• Assess the extent to which monopolies are bad for the economy
• Evaluate whether all monopolies should be heavily regulated
• To what extent is a monopoly likely to reduce economic welfare?
  
• Assess the extent to which monopolies are beneficial

Carefully explain what is meant by a natural monopoly, remembering to add in relevant examples. Draw a natural monopoly diagram in the space at the bottom of the page.

Diagram:

Outline some of the issues facing a natural monopoly firm if it chooses to maximise its profits:

Outline some of the issues facing a natural monopoly firm if it is nationalised / run by the state and aims for allocative efficiency:

The daily demand for a product in a shop can assume one of the following values: 100, 200, or 300 items with probabilities 0.2, 0.5 and 0.3. The owner of the store is thus limiting the alternatives to stocking one of the indicated three levels. If the owner stocks more that it can be sold in the same day the remaining items must be disposed at a discount price of 50 cents per item. Assume that the owner pays 80 cents per item and sells it for 120 cents, find the optimal stock level.