How this market would be affected

Assignment Help Microeconomics
Reference no: EM13498548

Question: Hormone free dairy milk has been found to be potentially more beneficial and healthy. consider the market for this product in south Africa, and answer the questions below

explain and show graphically how this market would be affected if south Africa chose to be more healthy?

explain and show graphically how this market would be affected if there is an increase in the number of diary farmers that produce hormone free milk and at the same time south African consumers chose to be more healthy

Reference no: EM13498548

Questions Cloud

Analyse the confluence of marketing : Demonstrate cognitive knowledge of the skills required in conducting online research and research on online markets, as well as in identifying, assessing and selecting digital market opportunities.
Estimate the masses of the fragments : An unstable particle with a mass equal to 3.34 10-27 kg is initially at rest. Find the masses of the fragments
Explain cylinder is compressed from initial state : one mole of an ideal gas (Cp=7R/2) in a closed piston cylinder is compressed from initial state of temperature =100 K pressure = 0.1 MPa to final state of pressure =0.25 MPa by the following pathways.
Explain the outlet temperature and velocity of the gas : what is the outlet temperature and velocity of the gas. assume air is an ideal gas with a temperature independant Cp=7R/2 and the average molecular weight of air is 28.8
How this market would be affected : Explain and show graphically how this market would be affected if there is an increase in the number of diary farmers that produce hormone free milk and at the same time south African consumers chose to be more healthy
Explain what is the rate of entropy genration : An ideal gas enters a valve at 500K and 3MPa at a steady state rate of 3 mol/min it is throttled to 0.5 MPa. What is the rate of entropy genration. Is the process reversible.
Determine the wavelength of the light in the water : A beam of sodium light (landa =589 nm) is incident from air on a smooth surfac of water at an angle of 65 degrees (with respect to the vertical). Determine the wavelength of the light in the water
Evaluate its atomic weight if its atomic radius : Some hypothetical metal has the simple cubic crystal structure (i.e., atoms positioned at each of the eight corners with atoms touching one another along cube edges). Calculate its atomic weight if its atomic radius and density are 0.153 nm and 8...
Determine biot number in order to support lumped formulation : Determine the Biot number in order to support the lumped formulation. Solve the differential equation to find an expression for temperature as a function of time.

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain using examples three types of unemployment we

a describe using examples the three types of unemployment we generally come across and which of these are included in

  Calculate the point price elasticity of demand for the firms

Wonder bread is a normal good produced by the Wonder Bakery. Using clearly labeled Demand and Supply curves, show what will happen to the equilibrium price and quantity of Wonder bread in each of the following situations?

  A college admissions officer for an mba program has

a college admissions officer for an mba program has determined thathistorically applicants have

  Has united states become more or less economically free in

1.what impact do natural resources have on economic growth? will it be possible for a country with few natural

  Apart from issues of sustainable yield and stock versus

apart from the issues of sustainable yield and stock versus flow what other issues are becoming apparent when

  How the egg breaking rampage affects egg prices

Would you consider the demand for eggs to be elastic or inelastic and illustrate and explain with a diagram how can the Government intervene and correct this situation

  Suppose the recipient of a kidney transplant has stated

suppose the recipient of a kidney transplant has stated that she would prefer 5 years of perfect health to the 10 years

  Elasticity of demand for a good

Elasticity of demand for a good with respect to its own price, yet pay careful attention to the algebraic sign of the elasticity of demand for a good with respect to another good's price.

  Because of specialization, the total production of corn

When the two countries did not specialize, the total production of corn was 36 million bushels per month, and the total production of jeans was 104 million pairs per month

  Illustrate the ranges on the demand curve

With respect to price elasticity of demand, create a graph using the information in figure 1. Illustrate the ranges on demand curve that indicate elastic, inelastic, and unitary elasticity.

  Calculate the marginal product by dividing the change

In the long run, the Martha Mowers can assemble 300 mowers per week at a total cost of $18,000, 400 mowers at a total cost of $24,000, or 500 mowers at a cost of $35,000.Plot points of the long-run average cost curve for these three levels of outp..

  1for each of the following pairs of goods or services

1.for each of the following pairs of goods or services identify the one for which the price elasticity of demand is

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!

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