Search & Filtering
Make some observations of businesses around your community or watch news
on television. Based on your observations, identify the factors affecting their businesses
during the pandemic. How does the COVID- 19 affect their business? Explain your answer
using the PEST chart.
Political —
Economic —
Social —
Technology —
Explain the shape of the indifference curve using diagrams.
Suppose you are on a three-day trip to Rome (from Monday to Wednesday) and during your stay you decide to consume only Waffle and Ravioli (measured on the horizontal and vertical axes respectively). You have a given amount of money (some constant) to spend on each of the three days. Suppose that the price of Waffle rises between Monday and Tuesday. If your optimum points of consumption on Monday and Tuesday are respectively called M and T, such that M to the left of T, what does it say about both the commodities? Illustrate your answer using an appropriate diagram
The income available with her is INR60. And price of movie ticket is INR 10 and that of a book is INR 15. Will she spend her entire budget and why? What will be her consumption, explain why?
Suppose you are on a three-day trip to Rome (from Monday to Wednesday) and during your stay you decide to consume only Waffle and Ravioli (measured on the horizontal and vertical axes respectively). You have a given amount of money (some constant) to spend on each of the three days. Suppose that the price of Waffle rises between Monday and Tuesday. If your optimum points of consumption on Monday and Tuesday are respectively called M and T, such that M to the left of T, what does it say about both the commodities? Illustrate your answer using an appropriate diagram.
Sanjana loves to read books(B) and likes to watch movies(M) as well. She derives double the satisfaction from reading a book than watching a movie. Her utility function is as follows
U(B, M) = 2B + M Where B and M are the numbers of books and movies respectively. The income available with her is INR60. And the price of a movie ticket is INR 10 and that of a book is INR 15. Will she spend her entire budget and why? What will be her consumption, explain why?
Suppose you are on a three-day trip to Rome (from Monday to Wednesday) and during your stay you decide to consume only Waffle and Ravioli (measured on the horizontal and vertical axes respectively). You have a given amount of money (some constant) to spend on each of the three days. Suppose that the price of Waffle rises between Monday and Tuesday. If your optimum points of consumption on Monday and Tuesday are respectively called M and T, such that M to the left of T, what does it say about both the commodities? Illustrate your answer using an appropriate diagram.
suppose government expenditure increase by 20% and that this increase was financed by a 20% increased in tax rate. would equilibrium level of income changed or remain unchanged.
Where is your refrence
In a perfectly competitive market, the market demand curve is , and the market supply curve is .
(a) What is the equilibrium price and quantity in the absence of government intervention? (2 marks) (max 200 words)
(b) Consider two possible government interventions: (1) A price ceiling of $1 per unit; (2) a subsidy of $5 per unit paid to producers. What are the prices in each of these interventions (2 marks) (max 200 words)? What are the quantities supplied and demanded under each government intervention? (2 marks) (max 200 words)
(c) How will consumer surplus differ in these different government interventions? (2 marks) (max 200 words)
(d) For which form of intervention will we expect the product to be purchased by consumers with the highest willingness to pay? (2 marks) (max 200 words)
(e) What is deadweight loss. Explain (1 mark) (max 50 words)
(f) Which government intervention results in the lower deadweight loss and why (2 marks) (max 200 words)?Explain with diagram (2 marks) (max 200 words)
