Reference no: EM131033729
In mentioned cases provide a neat diagram to explain your answer. Make sure to label axes properly. Else points will be deducted.
1) In the world of electronics overtime people realized the immense use of having a personal laptop. And at the same time the technology has improved significantly in last decade. In fact the technological improvement has surpassed the increase in willingness and ability to purchase a laptop. Given this piece of information, what in your opinion happened to the equilibrium price and quantity in market for personal laptop. Draw a diagram and explain your answer.
2) If income elasticity of demand of good X is 0.89, what will happen to equilibrium price if there is an increase in income of consumers. Draw a diagram to support your answer.
3) If Ministry of labor sets up a minimum wage in the labor market, what can be the potential effect on the employment? Explain your answer with help of relevant diagram.
4) A manager in a firm has been assigned a job to find costs at different levels of output He is provided with the following table and asked to fill up the missing values since there was no information available.
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Output
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Total cost
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Fixed cost
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Variable cost
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Average variable cost
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Average total cost
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1
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2000
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500
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2
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2500
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3
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2800
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4
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3300
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5
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4000
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6
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4800
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7
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6000
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He was also asked to find the marginal cost at output level of 5 units.
5) According to posting from last fall, sales for products such as Spam, pancake mixes, instant potatoes, rice and beans have been booming during the recession; a spokesperson from a grocery chain is quoted as saying "They're real belly fillers." Comment on this, using concept related to any one of the elasticities discussed in class.
6) If RTA increases the bus-fare from Abu Dhabi to Dubai, then what will happen to their revenue? [Hint: the demand curve is inelastic] Explain your answer with help of a diagram.
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Perform a swot analysis for each of the companies mentioned
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What is the underlying emphasized theme
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What is the amount of the gross profit
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Discuss how derivatives could be used to hedge risk
: Explain the risks of the interest rate swap position and how could it be could be hedged - The asset manager wants to fully hedge the interest rate risk on the bond by using bond futures. Calculate the appropriate number of bond futures that should..
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What can be the potential effect on the employment
: If income elasticity of demand of good X is 0.89, what will happen to equilibrium price if there is an increase in income of consumers. Draw a diagram to support your answer.
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Describe the different types of labor unions
: Describe the different types of labor unions. How are labor relations related to labor unions? What are their impacts within various industries?
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How effectively the film develops one of its major themes
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Who benefits from products designed to give children
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Explain and analyse what the investment bank adviser means
: Discuss any significant disadvantages that you would expect in issuing a high coupon bond - Explain and analyse what the investment bank adviser means if he says that such a bond will allow the investor to convert capital to income
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