Reference no: EM13827047
Question:
Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Assume that the Australian government wishes to keep fruit and vegetable prices from rising to a socially unacceptable level. There are two options being considered: lift the import ban or impose a price ceiling. You are expected to write an essay exploring the major issues raised in the article. In particular, you need to address the following issues:
1. Use the demand and supply model to show the likely short-term impact of the flood on the price and quantity of fruit and vegetables in Australia.
2. a) If a technological breakthrough ensures imported pumpkins are as good as domestic qualities and are thus allowed to be imported into Australia, use the demand and supply model to explain the short-term impact on the pumpkin market.
b) However, if consumers are uncertain regarding the quality of imported pumpkins, use the demand and supply analysis to explain the impact on the pumpkin soup market in the restaurant industry.
3. Referring to the determinants of price elasticity of demand as they apply to pineapples analyse the likely impact on the market if the government imposes a retail price ceiling of $40 a box on pineapples. Specify any assumptions you have made.
Additional Information:
The assignment question economics, particularly to macroeconomics and it is explain about how the concepts of demand and supply interact and arrive at equilibrium prices of perishables such as fruits and vegetables. The differences in supply of and demand for fruits and vegetables are studied on graphs. The points where supply and demand curves intersect is generally taken as the price of the product, in this case, fruits and vegetables. Fruits and vegetables are very much susceptible to price changes due to their volatile supply.
Word Limits: 1200
|
Record the transactions listed above in journal entry form
: Seles Corporation’s charter authorized issuance of 100,000 shares of $10 par value common stock and 50,000 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is indepen..
|
|
Prepare the tax formula in a worksheet in column
: Prepare the tax formula in a worksheet in column A. In column B next to each element of tax formula, show the lines on Form 1040 to which the tax formula line item links. Find a tax rate schedule for 2013. Input the values for the schedule into a MS ..
|
|
Influence on rates of pay provided to usa workers
: Over the past decade, which factor has had the least influence on rates of pay provided to USA workers? 1. minimum wage 2. foreign competition 3. deregulation 4. leveraged buyouts and takeovers
|
|
Calculation of annual cash flow with a nominal rate
: You are looking to invest in a security that will provide an annual return of $38,000. How much would you have to invest at a nominal rate of 8% to fund this annual cash flow?
|
|
Show the likely short-term impact of the flood on the price
: The assignment question economics, particularly to macroeconomics and it is explain about how the concepts of demand and supply interact and arrive at equilibrium prices of perishables such as fruits and vegetables.
|
|
Amount of cash flows from operating activities reported
: Investments in stocks that are expected to be held for the long term are listed in the stockholder's equity section of the balance sheet. Purchased $400,000 of ABC Co. 5% bonds at 100 plus accrued interest of $4,500. Sold $250,000 of bonds at 97 plus..
|
|
Calculation of semi-annual compounded nominal interest rate
: Find the value of $500 paid each 6 months for 5 years at a nominal (annual) rate of 14% compounded semiannually.
|
|
Deming profound knowledge consists of four elements
: Deming's profound knowledge consists of four elements. Answer the following three parts relating to the system element of Deming's profound knowledge. Your discussion should relate to this element of Deming's profound knowledge and not systems in gen..
|
|
Describe photography and situated media
: Compare and contrast two approaches to photography and situated media including formalism, realism, semiotics, psychoanalysis/ post-structuralism, photoconceptualism, post-colonialism, Do it with reference to their key texts and one work of contem..
|