Economics Answers

Suppose you are a monopolist and find that the demand elasticity of your

product is different in two markets. What would be your pricing strategy?

Expert required to complete the accountin task?

In a small country near Baltic sea there are three commodities

Analyze whether social benefits, social costs, etc. are affected by vaccine shortage?

Discuss the decomposition of price effect into income and substitution effect

January 3, 1990 Anderson Company sells a house with a cost of $700,000,000 for sale at $1,000,000,000 at 10% interest per year. installments are made every semester for 5 years (10x installments) and 20% down payment calculated from the declining balance. Journalize all transactions in which gross profit is recognized in proportion to the collection per cash.

XYZ Bhd recently issued 10-year bonds at a price of RM1,000. These bonds

pay 3% in interest each six months. Their price has remained stable since

they were issued. Due to additional financing needs, the firm wishes to issue

new bonds that would have a maturity of 10 years, a par value of RM1,000,

and pay RM40 in interest every six months. If both bonds have the same

yield, how many new bonds must XYZ Bhd issue to raise RM2,000,000

cash?

What do you think are the defining characteristics of a science? Does the study of the economy have these characteristics? Do you think macroeconomics should be called a science? Why or why not?

1. A competitive firm's production function is q=7LK. What is its marginal revenue prod uct of labor? (Hint: MPL = 2K)

2. What effect does an ad valorem tax of a on the revenue of a competitive firm have on that firm's demand for labor?

Consider a consumer who consumes only two goods, x and y. His utility over these two goods is given by U(x,y) = xy. The budget constraint of the consumer is given by 3x + 9y = 216, where 3 is the price of good x, 9 is the price of good y and 216 is the total income of the consumer.

(a) Find the optimal quantities of good x and y that the consumer is going to consume. Show the solution in a graph. What level of utility is the consumer going to achieve with this bundle?

(b) Now assume that the price of good x increases to 6. Find the new optimal consumption bundle and show it in a graph