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Questions: 1. “Health care should be a public good”. In your arguments for and against, show the characteristics of private versus public goods clearly. 2. Discuss or reflect on inequality and poverty and the impact of personal-income-tax-funded cash transfers on work effort, also during the Covid-19 pandemic in South Africa. 3. “An ad valorem excise duty on crayfish sales would be fair.” Do you agree? Explain your answer using p...
Task: 1. A firm charges different prices to two groups. Would the firm ever operate where it was suffering a loss from its sales to the low-price group? Explain 2. A monopoly sells its good in the United States, where the elasticity of demand is -2, and in Japan, where the elasticity of demand is -5. Its marginal cost is $10. At what price does the monopoly sell its good in each country if resale is impossible? 3. Why are electronic text...
Identify one industry from the UK Standard Industrial Classification (SIC 2007) and choose a UK public limited company (PLC) from the industry. One of the most important and influential elements of the business environment is the structure of the industry. Briefly discuss the structure of your chosen industry. ? Briefly discuss the business organisation and its nature of your chosen company (a UK PLC) in relation to the structure of t...
During a five-year period, the ticket sales of a city’s professional basketball team have increased 30 percent at the same time that average ticket prices have risen by 50 percent. Do these changes imply an upward-sloping demand curve? Explain. As economic consultant to the dominant firm in a particular market, you have discovered that, at the current price and output, demand for your lient’s product is price inelastic. What advi...
Understanding the Impact of Demand and Supply Analysis in BusinessDemand and Supply analysis are fundamental to any business thus every business must understand its impact and dynamics. Demand and Supply analysis therefore underlines to some extent the growth and success of most businesses in our society today. Critically analysed the following microeconomics concepts with reference to any business of your choice. Explain the law of D...
CASE BACKGROUND: You will be provided with the latest financial information pertaining to Tesla for Quarter 3 (Q3) of fiscal year 2020. This information has not been audited; it is simply presented by Tesla to its shareholders for investing purposes. This case has been designed to give you the necessary tools required to analyze a complete set of financial statements and be able to formulate an educated opinion on whether the company is perf...
Project Steps· Open the file IL_EX19_CS1-4a_FirstLastName_1.xlsx, available for download from the SAM website.· Save the file as IL_EX19_CS1-4a_FirstLastName_2.xlsx by changing the “1” to a “2”.o If you do not see the .xlsx file extension in the Save As dialog box, do not type it. The program will add the file extension for you automatically.· With the file IL_EX19_CS1-4a_FirstLastName_2.xlsx still op...
“A World Bank study found that China is home to 16 of the 20 worst cities for air quality”. (10 Minutes Presentation Slides with speaker notes)Requires Chicago referencingAnalyse the above statement to comment on the rising air pollution created by China.Comment on how this needs to be addressed by the world. Is there anything the Australiangovernment can do? Macroeconomics (GDP/ Unemployment/ Inflation) 16. Obtain inflation &...
Assignment Your final assignment takes the form of an individual report and it is divided into two parts: A. Please briefly answer the theoretical questions below: a. Explain the different types of marketstructures using both graphs and verbal explanation. Provide a specific real-life example of each market. b. Why monopolies arise? Explain and mention a real monopoly! c. Explain briefly how the price floor works in a market if the governm...
Balance Sheet Analysis1. Complete all three parts of this question. a. Suppose KPM Bank has the following balance sheet (in billions of dollars): Assets Liabilities Reserves $10 Deposits $80 Loans $95 Capital $25 If net profit of this bank is $2 billion, then what is the return on assets (ROA) and the return on equity (ROE)? Demonstrate that ROE = ROA x EM....
Approach to Drawing up the Loading Bay BudgetThe purpose of next week’s meeting is not to rake over the ongoing overspend for this year but we need to plan for next year. We are going to need you to agree a total budget of £882,000 for next year. Mo will update the figure for apportionment of Central Administrative Costs sometime after the meeting but I’m guessing it’ll be based on this year’s actuals, so I sugges...
Task: Procter and Gamble Co. (P&G), like most businesses, had to adjust its pricing strategies during the Great Recession between 2007 and 2009. Unlike most companies, however, P&G responded to the recession and decreased demand for its higher end products by raising prices. This seems counter-intuitive, but after strategically analyzing their consumer's spending behavior, they recognized that their premium brands like Tide and Pampers ...
Global Scotch Whisky Market OverviewThe long term forecast for the Global scotch whisky market seems favourably due to a growing demand for liquor among male population and increasing preference for more premium and super premium products. Growing population and rising disposable income are also expected to propel demand for scotch whisky market over the next five years. The global scotch whiskey market is categorized based on product type, d...
Learning OutcomesAs part of the formal assessment for the programme you are required to submit an Understanding the Business Environment assignment. Please refer to your Student Handbook for full details of the programme assessment scheme and general information on preparing and submitting assignments. Learning Outcomes: After completing the module, you should be able to: 1. Distinguish between organisational types. 2. Identify their key s...
Sources for Economic DevelopmentsA. Which one of the following sources will provide you with an extensive summary of recent economic developments? 1.SARB Quarterly Bulletin 2.Quarterly Labour Force Survey 3.Budget Review 4.SABC television news B.In July 2019 the South African Reserve Bank decreased the repo rate from 6,75% to 6,5%. This is a decrease of … 1.25%.&nbs...
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