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Question 1:
a) Explain clearly the three concepts of elasticity of demand.
b) Using these concepts, explain and comment on the strategies you would recommend for increasing the revenue of a typical small business in your country. You may consider the case of a mini supermarket.
Question 2:
a) What are the characteristics of a perfectly competitive market?
b) Supposing that a perfectly competitive industry became a monopoly, what changes would you expect to see in:
1) the price of the industry's good, 2) the output of the industry's good.
c) What are the major sources of market imperfection in the real world?
The international monetary fund and the world bank are the main lending financial institutions that give assistance to developing nations in the restoration of their economy. Wh
If current ratio for a company is equal to its acid test (that is, quick ratio), then: A: The current ratio must be less than one. B: Working capital is negative. C: Trade
Q. Describe the Working capital? Working capital is the capital available for conducting day-to-day operations of the business and includes current assets and current liabiliti
Pythagoras Jones has just inherited $1,000,000 and wishes to invest this sum in the ?ve funds given below. Fund Name Code Return
Acceptance Sampling is a statistical measure used in quality control. A company cannot test all of its products because of ruining the products, or the volume of products being ver
Q. What is Over-capitalisation? Over-capitalisation This is the opposite of over trading. It means a company has a large volume of inventories, cash balances and trade re
Question : A proprietary life company issues only non-profit guaranteed growth bonds. The company invests only in equities with an expected return of 10% p.a, the risk free rat
Q. Calculate DR's quick ratio? DR has the following balances under current assets and current liabilities: Current assets $ Current liabilities
You have been provided with the following information on a fixed-fixed USD-GBP currency swap, thespot exchange rate between USD and GBP, and the USD and GBP yield curves:
a debit is used to record
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