Economics Answers

Marginal utility is best defined as the ratio of

A manufacturer has

determined that m employees will produce a total of q units of

product per day, where

q = m(60 − m)

If the demand function is given by

p = −0.02q + 12

fifind the marginal-revenue product when m = 10.

Factors of production

Consider the following information about a business Dina opened last year: price = $10, quantity sold = 25,000; implicit cost = $155,000; explicit cost = $260,000. What was Dina's economic profit?

assume C = 50 + 75Yd. Determine the value of A

In what ways can the Economics teachers be assisted to improve on their skills in continuous assessment practice with a view to enhance learners’ optimum performance?

1. What are the nature of the state's power to tax?

A. Make your own Utility Schedule (with explanation)

1. Read the article by Singham and Rangan (2018) and answer the following questions.

[50 marks]

(i) Thoroughly evaluate the article and write a short essay on the impact of such

distortions on Fiji’s economy (across sectors like Agriculture, Information, Education

etc.).

(ii) Provide examples from the local context.

(iii) Your essay must discuss the impact in relation to consumers, consumer confidence,

supply chain (upstream and downstream) and small businesses growth and

opportunities, etc.

(iv) Essay must be no longer than 2 pages.

what is economics