User Account

All Pages

Macroeconomic, Business Economics

Assignment Help:
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?

Related Discussions:- Macroeconomic

Type of unemplyment, as a result of 2008 financial crisis, there was loss o...

as a result of 2008 financial crisis, there was loss of construction jobs in us, since home developers stopped building new homes. in your opinion which type of unemplyment is res

What is meant by the term value tree, What is meant by the term value tree?...

What is meant by the term value tree? Value Tree: A value tree gradually decomposes the overall objectives of a project within more exact objectives which can be agreed through

Economics , analyse the method by which a firm can allocate the given adver...

analyse the method by which a firm can allocate the given advertising budget between different media of advertisement

What are the major problems in measuring national income, What are the majo...

What are the major problems in measuring national income? The major problems in measuring national income: a. Unreliable statistics data collection is costly and the figu

Determine the rate of labour productivity growth, 1) Between mid 2008 and m...

1) Between mid 2008 and mid 2009 measured RGDP in the economy fell by 3.8% as the US economy sank into a recession. Over that same time period total employment in terms of hours wo

Draw a supply or demand diagram, Draw a Supply or Demand Diagram A) Supp...

Draw a Supply or Demand Diagram A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due  largely to increases in the price of energy and food

Gap between theory and practice, Managerial economics bridges the gap betwe...

Managerial economics bridges the gap between economic theory and practice

Goods and servies, Make a list of businesses that provide goods and service...

Make a list of businesses that provide goods and services that you or your family members use in a typical week. For instance, do you stop at the service station on your way to sch

Illustration of development process affected on culture, Illustrate some ex...

Illustrate some example of the development process affected on culture. Examples of the development process affected on culture: • Foreign Direct investment (FDI) and IMF st

What is effectiveness of international monetary fund, What is effectiveness...

What is effectiveness of International Monetary Fund, in the promotion of development? Effectiveness of International Monetary Fund, in the promotion of development: Interna

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd