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

What is argument of advocates of world bank, What is the argument of advoca...

What is the argument of advocates of World Bank in promotion of development? Advocates of the World Bank argue: • Loans and aid alone don’t guarantee development or the

Statistics, difference b/w statistics in singular and plural sense

difference b/w statistics in singular and plural sense

Microevironment factors, what microevrionmental factors have affected Sony'...

what microevrionmental factors have affected Sony''s performance since 2000

Microeconomics, Ask ques Choose a topic from Micro economics that matters t...

Ask ques Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. For example following can be some of the useful topics: - Austr

Gross domestic production, Explain the statement "during the second quarter...

Explain the statement "during the second quarter of 2010 Irish gross domestic product fell by 1.2%. According to given statement Ireland's gross domestic production fell down i

Compare and contrast the main theories of a demand for money, QUESTION 1 ...

QUESTION 1 (a) Compare and contrast the main theories of a demand for money. (b) Specify a money demand function for a small island economy like Mauritius. QUESTION 2

Circular flow of income, how does income flow in a governed economy

how does income flow in a governed economy

What is function of world trade organisation, What is the function of World...

What is the function of World Trade Organisation in the promotion of development? The World Trade Organization (WTO) is international association dealing along with the global

Perfect competition market, what is the short run and long run effects of a...

what is the short run and long run effects of a new idea creating by a restaurateur i.e home cooking services in the perfect competitive market?

Q, You have an opportunity to invest in a new plant. The fixed costs are $1...

You have an opportunity to invest in a new plant. The fixed costs are $100,000 per year. The marginal cost of production is $2 for a quantity up to 10,000 units per year. The margi

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