Customer Service Chat
Get quote & make Payment
Macroeconomic, Business Economics
Question 1 (9 marks)
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of prices and quantities.
(a) Computers (3 marks)
(b) Computer software (3 marks)
(c) Typewriters (3 marks)
Question 2 (6 marks)
After an economics lecture one day, your friend suggests that taxing food would be a good way to raise revenue because the demand for food is quite inelastic.
(a) In what sense is taxing food is a ‘good’ way to raise revenue? (3 Marks)
(b) In what sense is it not a ‘good’ way to raise revenue? (3 Marks)
Question 3 (5 marks)
Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (economies of scale), such as for automobile firms. However, trucking (haulage) firms appear not to experience falling average costs associated with large-scale operations. Why might this be the case?
Posted Date: 9/19/2012 10:53:22 AM | Location : United States
Ask an Expert
Macroeconomic, Assignment Help, Ask Question on Macroeconomic, Get Answer, Expert's Help, Macroeconomic Discussions
Write discussion on Macroeconomic
Your posts are moderated
Write your message here..
Theory of rent, abstract & conclusion
abstract & conclusion
Economics, Ask question #Minimum 1000words accepted#
Ask question #Minimum 1000words accepted#
Explain the assumptions of a perfectly competitive market, QUESTION a) ...
QUESTION a) State and explain the assumptions of a perfectly competitive market. b) Analyse the effects on the firm's profit and output of an increase in demand in the short
Socio economic problems, what are the major socio economic problems of Indi...
what are the major socio economic problems of India which hamper the growth and development
Calculate the maximum amount , Tri-City Industries is considering two possi...
Tri-City Industries is considering two possible capital projects. Project A requires an initial investment of $240,000 and provides cash flows before tax of $120,000 in year one, $
Economic order quantity, A manufacturing company has determined from an an...
A manufacturing company has determined from an analysis of its accounting and production data for a certain part that : a. Its demand is 9000 units per annum and is uniform
Supply, What is exceptional supply curves
What is exceptional supply curves
What is poor governance, What is poor governance? In countries along wi...
What is poor governance? In countries along with poor governance: • The rule of law has not working for example civil war and areas run by war lord • Bribery and corrupti
Inflation, how does the effect of inflation affect the spending ability of ...
how does the effect of inflation affect the spending ability of fixed income earners
Methods of sustaining a competitive advantage, The framework for the assign...
The framework for the assignment should be relevant to the websites you have chosen and should consider one or two of the following: Segmentation methods to meet the needs of
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Terms & Conditions
Copyright by ExpertsMind IT Educational Pvt. Ltd.