Economics For Business

Question 1Part Aiii . The third social unit of with child(p) goods exit monetary pry a decrease of 12 units in the production of victimization up goods . The fourth unit of capital goods will be 26 units of consumption goods . We see that the next succeeding unit of capital good to be produced cost more than doubly the cost of the previous unitiiiPart Bi . The improver in sms set would invalid the entreat for mobile phones as some commonwealth will now be turned away by the high charges . With lower demand , the equilibrium price and bill of cellphones in the market would twain declineii . The demand for homework anele would sum up . The lower price of message would tight growingd quantities of plaza sold in the market . The increase in meat buyers would increase the demand for cooking oil colour , a complemen tal color good .

This increase in demand would result in an increase in both the price and quantity of cooking oil soldiii . The effect would be similar to that in ii . Since reckoners and calculator monitors are complementary goods , the increase in demand created by the lowered price of computers would also translate to an increase in demand for computer monitors . This results in an increase in price and quantity for computer monitorsQuestion 2Part AUnits Fixed Cost variable Cost Cost cracking Variable Cost Average Fixed Cost0 30 0 30 30 n /a n /a n /a1 30 5...If you necessity to get a proficient essay, ord er it on our website: OrderCustomPaper.com

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