Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question:
(a) (I) The following equations relate to the market conditions for pullovers at a given point of time:
Demand Function: Qd = 1200 - P Supply Function: Qs = 600 + 4P
Calculate:
(i) the total revenue obtainable when the market clears (ii) consumer surplus at the market-clearing price (iii) the ratio of tax payable between consumers and producers if the government introduces a tax of Rs 20 on pullovers.
(II) With more information, the following extended demand function for pullovers was generated (where Y is income and Pg is the price of a related product:
Qd = 1800 - 1.5P + 0.02Y - 0.4Pg If the initial conditions provided are such that P = Rs 400, Y = Rs 20,000 and Pg = Rs 200, calculate the price, income and cross elasticities of demand and comment on the nature of the product and its relationship with the related good.
(b) Using the theory of demand, explain how you would model the demand for health care services in your locality. You are also required to explain the expected signs on variables that you have included in your modeling.
Consider the following quality data for three different manufacturers of automobile weather-strips: Weather-strip Bulb Dimension Specification y=20 +or- 4mm
Himalaya Ltd.'s Profit and Loss Account for the year ended on 31st December 2005 is specified below. You are needed to determine the working capital needs under operating cycle met
Decision Making Environment There are four main environments within that decisions can be done. These are: • Certainty • Risk • Fundamental uncertainty • Compet
What Procedure are followed in kaizen costing In brief kaizen costing involves setting a new cost reduction target every month. The difference between the target profits and th
How can we draw a break even chart Under this method the variable cost line is drawn first and then fixed cost line is drawn over and parallel to the variable cost line. The fi
Ask question #1.The annual overhead costs for Mona Claire Holdings which has three production centres and two service centres as follows; Indirect wages and supervision Machine
What are the Limitation of performance budgeting 1) It dose not facilitate qualitative evaluation. 2) The success depends on the well organized departments, but this may not b
???? ????? ???? ???? ??????? ???? ??????? ??????? ???. ???? ?????? ?????? ?????: (?) ??????? ??????? ??????? ????? ?? ????? ????? ?? (?) ???? ??????? ??????? ?? ???? ???? ????? ?
Coleman, a married taxpayer, is going to establish a manufacturing business. He anticipates that the business will be profitable immediately due to a patent he holds. He predicts t
Stages in the performance budgeting The stages in the performance budgeting is enumerated as follows: 1) Establishment of goals objectives and policies: data collection revi
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd