Economics Answers

Due to substantial increases in prices in Country A, the real income level of the population in Country A decreases. Show on a diagram how the decrease in the income level in Country A will affect the demand for meat, which is a normal good.

Price($)          Quantity(‘000 ton)

350                 5

300                 10

250                 20

200                 25

150                 30

100                 40

50                   55

A town has 80 households and two production firms on fast food: Alpha & Beta,

If Alpha reneges on the agreement and produces Q = 30 tones and Beta will produce the remaining tones with market quantity 55 ton and cost $25 per ton.  Calculate Alpha’s and Beta’s profits.(10 marks)

How can monetary policy be used to boost aggregate demand

Due to substantial increases in prices in Country A, the real income level of the population in Country A decreases, show a diagram how the decrease in the income level in Country A will affect the demand for meat which is a normal good. Also indicate how the equilibrium quantity of meat will change in Country A

an increase in the production of beef will result in a decrease in the production of leather. True or false

an increase in the production of beef will lead to a decrease in the production of leather. True or false

is it true or false that An increase in the production of beef will lead to a decrease in the production of leather (made from cattle hides).

Research the job search theory and its applicability to daily business life.

There are various market structures, under which each firm in an economy follows into, these market structures range from perfect competition to monopoly. 

a) How do characteristics of a monopoly differ from those of a perfect competition? 

b) .Your company operates in an oligopoly market. You have been told that non price competition strategies can help you increase your sales in the short run. Would you propose and explain any 3 non price competition campaigns that you would employ for this call?

There are various market structures, under which each firm in an economy follows into, these market structures range from perfect competition to monopoly.