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PURPOSEThe purpose of the assignment is to assess learners understanding on the effects of an event to a commodity market equilibrium.
REQUIREMENT
Assuming fuel is one of the main input for many sectors. When a war breaks out in Country A, which is the main producer for fuel in the world, it causes fuel supply disruptions in the world. Discuss the market equilibrium for fuel and car after the war outbreak.
Following the war, the government of Country A would like to impose tax RMx on cars. Ilustrate and explain with graph for the car market due to the taxes (Assuming the elasticity demand for car is elastic). In your opinion, who will bear more of the taxes imposed-suppliers or consumers?
Give an example of a product you consume for which your marginal utility increases with the amount of your consumption
Which of the subsequent represents a positive macroeconomic statement. Assume the United States can produce Toyotas at the cost.
Why does Caterpillar as well as your parents have different opinions about the value of the dollar.
Illustrate what is the marginal revenue product function. Assume which most workers in Pakistan work 48 hours per week also which there are four weeks in a month.
hat drug is nearly through clinical trials, and is expected to produce an acceptable return on the investments that have been and will still need to be made in it.
The president of a small industry has been complaining to the controller about raising labor also material costs.
Consider a consumer with $10 to spend on these 2 goods where the price of apples is always $2 every.
Will there be significant progress on the poverty front, because of an increase in GDP.
Explain why is the law of supply and demand in applicable without a ceteris paribus assumptions.
Chrysler announced a new incentive program on its minivans that included subsidized interest rates also cash allowances.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall.
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