11-10-2005, 06:57 PM
i have seen so many Economics Chetas here...c'd any1 of them answer my following question...
Q.1) Sketch supply and demand curve depicting the market for gasoline prior to the earthquake in Northern Areas of Pakistan. Worst hit areas of Pakistan by earthquake. Illustrate the fear of unavailability of patrol in demand curve and of the extra cost of emergency light on the supply curve, do their effects help to explain the increased price.
Shortly after the patrol stations begins charging the higher price, local radio and television stations begins broadcasting name and locations of the stations, most of these stations reduces the price even before the price â controlling ordinance was passed â Why?
After only two days, the public realized that patrol was readily available just it had heard before Earthquake. What effect would this have on the demand curve and equilibrium price and quantity?
Expectations of unavailability of patrol not actual unavailability, caused the demand curve to change, can you think of other situations where the demand for the product has been affected by what consumer expected, as opposed to an actual event.
Q.2) Suppose that drug use is legalized and that the price of the drug falls as a result, as many economists hypothesize.
What would be the effect of legalization on the addict behavior? Explain why many economists believed the legalization would reduce the price?
Does consumption of drug by addict violets the law of diminishing marginal utility of yes why?
Q.3) Suppose that prices of oranges declines, while the price of apples remains the same, make a hypothesis describing what to do?
Q.4) Describe in which cases consumer will be in the interior equilibrium.
Q.5) Why marginal cost (MC) curve lies in the part above and on part below the average cost (AC) Curve?
Q.6) The supply of X by the United States is (Q = a + bP) and the supply from rest of the world is (Q = C + eP) . What is the world reply?
Q.7) What is the effect of specific tax on equilibrium price and quantity of X. If demand for X is perfectly inelastic or does not respond to price change at all?
Q.8) Suppose a consumer has a utility functions U(B,Z) = AB á Z â Where A, á and â are constants; B is Biscuit and A is Z is Pizzas, if the price of Buiscuits (PB) is Rs. 2 and the price of Pizzas (PZ) is Rs. 1, what is the consumer optimist bundle?
Q.9) In the short run, a firm cannot vary its capital , (K=2), but can vary its labour (L), Its produces output (q). Explain why the firm will or will not experience diminishing marginal returns of labour in short run of its production functions on as
A = q = 10L+K
B = q = L ½ + K ½
Q.10) A firm has two plants that produces identical output, the cost functions are
C1 = 10q â 4 q2 + q3 and C2 = 10q - 2q2 + q3
At what output lends does the average cost curve of each plant reaches its minimum.
If the firm wants to produce 9 units of output, how much should it produce in each plant?
regards
Finally i m back to the forum
alee_Rulez
Never seek advice from a Chartered Accountant. They are trained to find problems not solutions.
Q.1) Sketch supply and demand curve depicting the market for gasoline prior to the earthquake in Northern Areas of Pakistan. Worst hit areas of Pakistan by earthquake. Illustrate the fear of unavailability of patrol in demand curve and of the extra cost of emergency light on the supply curve, do their effects help to explain the increased price.
Shortly after the patrol stations begins charging the higher price, local radio and television stations begins broadcasting name and locations of the stations, most of these stations reduces the price even before the price â controlling ordinance was passed â Why?
After only two days, the public realized that patrol was readily available just it had heard before Earthquake. What effect would this have on the demand curve and equilibrium price and quantity?
Expectations of unavailability of patrol not actual unavailability, caused the demand curve to change, can you think of other situations where the demand for the product has been affected by what consumer expected, as opposed to an actual event.
Q.2) Suppose that drug use is legalized and that the price of the drug falls as a result, as many economists hypothesize.
What would be the effect of legalization on the addict behavior? Explain why many economists believed the legalization would reduce the price?
Does consumption of drug by addict violets the law of diminishing marginal utility of yes why?
Q.3) Suppose that prices of oranges declines, while the price of apples remains the same, make a hypothesis describing what to do?
Q.4) Describe in which cases consumer will be in the interior equilibrium.
Q.5) Why marginal cost (MC) curve lies in the part above and on part below the average cost (AC) Curve?
Q.6) The supply of X by the United States is (Q = a + bP) and the supply from rest of the world is (Q = C + eP) . What is the world reply?
Q.7) What is the effect of specific tax on equilibrium price and quantity of X. If demand for X is perfectly inelastic or does not respond to price change at all?
Q.8) Suppose a consumer has a utility functions U(B,Z) = AB á Z â Where A, á and â are constants; B is Biscuit and A is Z is Pizzas, if the price of Buiscuits (PB) is Rs. 2 and the price of Pizzas (PZ) is Rs. 1, what is the consumer optimist bundle?
Q.9) In the short run, a firm cannot vary its capital , (K=2), but can vary its labour (L), Its produces output (q). Explain why the firm will or will not experience diminishing marginal returns of labour in short run of its production functions on as
A = q = 10L+K
B = q = L ½ + K ½
Q.10) A firm has two plants that produces identical output, the cost functions are
C1 = 10q â 4 q2 + q3 and C2 = 10q - 2q2 + q3
At what output lends does the average cost curve of each plant reaches its minimum.
If the firm wants to produce 9 units of output, how much should it produce in each plant?
regards
Finally i m back to the forum
alee_Rulez
Never seek advice from a Chartered Accountant. They are trained to find problems not solutions.