Economics Answers

Are the firms in the automobile industry operating efficiently in (i) the 1950s and (ii) presently? Explain.

A large multinational shipping company, MGC, Inc. has just decided to spend €10 million on new storage space in Munich, €45 million on new aircraft, and €5 million on additional acquisition of kerosene. In addition to these expenses, the company is producing 5 million parcels at a price of €5 per parcel. Now suppose that MGC plans to have a tenth of that production in inventory. Over time, the company’s parcels have met with increasing demand, but the inventory has only increased by €1 million.

a. What is this firm’s total planned investment?

b. How much did the firm actually invest?

c. What is the difference between actual and planned investment? Should MGC produce more or fewer parcels? Why?

Q 2: If the price of Pak Suzuki company Swiftcar decreases from Rs 1,700,000 to Rs 1,000,000, keeping other factors constant, it would be termed as movement along the demand curve or shift in the demand curve? Elaborate it graphically?

Need to name agents, please choose one choice that can be used to name these related agents correctly?

1. The simple way is to use the agent's name, e.g., Name the controller agent David Edwards if this name is his official name.
2. It is good to use the job position to name the agent. This general description can help the conceptualization.
3. It is good to only use two names for the agents: internal agent and external agent.

The supplier master data is important in the internal controls in this business cycle. Please illustrate why the supplier master data is essential to manage risks.

Need to name agents, please choose one choice that can be used to name these related agents correctly?

1. The simple way is to use the agent's name, e.g., Name the controller agent David Edwards if this name is his official name.
2. It is good to use the job position to name the agent. This general description can help the conceptualization.
3. It is good to only use two names for the agents: internal agent and external agent.

The supplier master data is important in the internal controls in this business cycle. Please illustrate why the supplier master data is essential to manage risks.

 The 1990 cost for an installed 304 stainless steel tank weighing 135,000 kg was $1,100,000. The installed cost weight exponent for stainless steel tanks is 0.88 for a size range from 100,000 to 300,000 kg. What weight of installed stainless steel tank could have been obtained for the same capital investment as in Prob. 6-3?

13.Assume the total cost of a producer of a commodity in the short - run is given by the equation:

TC = 30,000 + 15Q2 + 5Q Where: TC = total cost, Q = level of out put

Using the given total cost find equations for:

(A)- Variable costs (B) - Fixed costs (C) - Average variable costs

(D) - Average fixed costs (E) - Average costs (F) - Marginal costs

1. Suppose, for a perfectly competitive firm, marginal cost function is given by:

   MC = Q2– 2Q + 20

Find the quantity produced (Q) at the equilibrium level of output, if price per unit of good produced is Birr 44

Decrease in population rate, increase in the cost of fertiliser, which

used to grow vegetables, explain how the market for vegetables will be

affected by theses changes

Suppose the oil wells in Iran, Iraq and Kuwait are set alight, resulting in a dramatic and prolonged decline in the world output of oil. Use demand and supply curves to illustrate how this will affect the equilibrium price and quantity of oil.