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1.    The Circular Flow Model of the Economy:



a.  What are the four general categories of economic resources that companies need? List each one. 4 Marks

b.  Using TD Bank provide an example of each type of resource. 4 Marks

               Carefully Analyse the Circular Flow Model of the Economy shown above!

c.  Which arrow shows the flow of goods and services? Why? 2 Marks

d.  Which arrow shows the flow of spending by households? Why? 2 Marks


  1. Demand and Supply

 


 

a.     In this market, what would be the equilibrium price and the equilibrium quantity? 2 Marks

 

b.    If price is $10, what would be the quantity demanded? 2 Marks

 

c.     If price is $25, what would be the quantity supplied? 2 Marks

 

d.    If the price is $25, would there be a surplus or a shortage? What would be the amount of the surplus or the shortage? 2 Marks


It is impossible for a valid argument to have true premises and


ABA Marketing is currently selling at ₱1,870 and with a dividend of ₱150. What is the current yield of the stock?

1.    Elasticity

You own a small-town movie theatre. You currently charge $5 per ticket for everyone who comes to your movies. Your friend who took an economics course in college tells you that there may be a way to increase your total revenue. Given the demand curves shown, answer the following questions.     15 Marks

           


a baseball is thrown straight upward with a speed of 30 m/s. (a) How long will it rise? (b) How high will it rise? (c) How long after it leaves the hand will it return to the starting point? (d) When will its speed be 16 m/s?


Two coin's are tossed. Let H be the number of Tails that occur. Determine the values of the random variable H.

A rectangular current-carrying wire loop which is free to rotate about a vertical axis in a uniform magnetic field of 1.42 T is rotating anti-clockwise. The current in the loop is 250 mA. The distance between a to b is 20 cm.

Determine the magnetic force exerted on a-b.


An electron is accelerated through a 100 V potential difference before perpendicularly entering a uniform magnetic field. Inside the field, the electron moves in circular trajectory of radius 4 cm, calculate the magnetic force that acts on the electron.


Two long parallel wires, P and Q are fixed on a horizontal plane in north-south direction. Wire P is 10 cm left of Q. Wire P carries 40 A current northwards while wire Q carries 20 A current downwards. Determine the magnitude and direction of the resultant magnetic field at midpoint between the wires.


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