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The goal of sustainability requires that we address what three questions?
The goal of sustainability needs that we address whether economic activities are financially sustainable, whether they are socially sustainable, and whether they are ecologically sustainable.
Problem 1: (a) Differentiate between positive and negative externalities? Justify your answer using examples. (b) To what extent do government policies influence externali
calculate demand function is Q=100-P, where Q is quantity demand and P is price
Ask quesThe market demand for brand X has been estimated as Qx = 1,500 - 3Px - 0.05I - 2.5Py + 7.5Pz where Px is the price of brand X, I is per-capita income, Py is the price of
discuss how the price mechanism allocate resources in a free market system
Ask qu a.Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $30 per day and the ''Firm has fixed costs of $10. Use this
Using a diagram explain the equilibrium point of a monopoly
Diversification - Assume that a firm has a choice of selling air conditioners, heaters, or both of them. - The probability of it being hot or cold is 5%. - The firm woul
a) Microeconomics is concerned with decision-making within the firm, household or on the individual level, but macroeconomics is concerned with the behavior of the whole economic s
PEST analysis Political factors: The political factors include laws and regulations in the market and this influences the market activities. These laws and regulations a
discuss utility
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