Economics For Business

Question 1Part Aiii . The third whole of with child(p) goods exit monetary economic value a decrease of 12 units in the production of use 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 double the cost of the previous unitiiiPart Bi . The improver in sms expense would invalid the entreat for mobile phones as some spate will now be turned away by the high prices . With lower demand , the equilibrium price and criterion of cellphones in the market would twain declineii . The demand for homework inunct would sum up . The lower price of message would designate profitd quantities of plaza sold in the market . The increase in meat buyers would increase the demand for cooking rock oil , a complementary c olor 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 computing machines and computing device 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 wise Variable Cost Average Fixed Cost0 30 0 30 30 n /a n /a n /a1 30 5...If you necessity to get a across-the-board essay, o rder it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper