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High labour cost results in the higher prices of the goods produced by firms in the country. Would you attribute this phenomenon to cost push or demand pull inflation?why?
A person's salary increases from E5000 a month to E7000 a month. As a result of this change in salary his consumption of good X decreases from 20 units per month to 15 units per month while the consumption of good Y increases from 15 units per month to 20 units per month. Give the appropriate comment?
Dai Hing Bookshop Ltd. has a beginning cash balance of $44,000 on November 1. The firm has projected sales of $61,000 in October, $68,000 in November, and $74,000 in December.
The cost of goods sold is equal to 60 percent of sales.
Goods are purchased one month prior to the month of sale and there is no ending inventory requirement.
The accounts payable period is 30 days and the accounts receivable period is 15 days.
The firm has monthly cash expenses of $16,000.
What is the projected ending cash balance at the end of November and December? Assume every month has 30 days.
4. a. Name a product that has a price that adjusted very frequently in the last year. Explain why.
b. What is the difference between monopolistic competition and oligopoly? Explain with local examples.
relationship between three stages of short-run production and production elasticity
aggregate investment is independent of economic growth.” explain and critically appraise the economic theory underpinning this statement.
If Maria estefan disposable IncomeIncreaseFrom 600 to 650
And her level of personal consumption expenditures increase from 450 to 520 You may conclude that’s her marginal propensity to
Market Equilibrium: Mathematical Approach
Price (In Thousand)
Employed 95,000
Unemployed 5,000
Not in the labor force 80,000
The labor force equals?
What factors determine the effectiveness of discretionary fiscal policy?
