Comments on: Readers Questions II

By: mee

mee — Thu, 19 Nov 2009 12:51:04 +0000

assess the extent to which developments in information technology, such as the internet are making markets more competitive.

By: ALENA

ALENA — Mon, 16 Nov 2009 01:00:44 +0000

In case if you didn’t receive my question i am sending it again.

Many experts assert that the assumption of ever increasing property prices is the main factor that has led to the credit crisis. Do you think that the events that led to the crisis would still unfold even if all the lending institutions over the world had predicted falling property prices? Critically explain your answer.

By: HIRA

HIRA — Wed, 04 Nov 2009 13:59:44 +0000

discuss how likely is the private cost and social cost of production identicle?

By: james

james — Mon, 02 Nov 2009 03:21:52 +0000

sorry i left out the equations

You are the CEO of Comchip, a firm that sells specialized computers. Each of the firm’s computers contain a unique chip that is produced at Comchip’s west coast plant at a cost of Cw(Qc)=Qc^2 Once produced, the chips are shipped exclusively to the firm’s east coast plant. There, the computers are assembled, boxed, and shipped to the market at a cost of Ce(Q)= 200Q An economic consultant recently estimated the demand for Comchip’s computers and found it to be P= 5,000 – Q.

a. Determine Comchip’s optimal output and price for computers. [6 marks]
b. Explain how Compchip can induce plant managers to produce the required number of chips and computers. [4 marks]
(Note: W = west coast plant; E = east coast plant; QC = output of West Coast plant; and Q = output of East Coast plant.)

By: james

james — Mon, 02 Nov 2009 03:18:30 +0000

You are the CEO of Comchip, a firm that sells specialized computers. Each of the firm’s computers contain a unique chip that is produced at Comchip’s west coast plant at a cost of . Once produced, the chips are shipped exclusively to the firm’s east coast plant. There, the computers are assembled, boxed, and shipped to the market at a cost of . An economic consultant recently estimated the demand for Comchip’s computers and found it to be P= 5,000 – Q.

By: emy

emy — Tue, 27 Oct 2009 07:24:12 +0000

1.can u distinguish between transfer earnings and economic rent?
2. Why it is argued that taxes should be imposed on economic rent?

By: gimara

gimara — Mon, 12 Oct 2009 05:07:09 +0000

When there are fluctuations in the demand for housing, suggest a strategy for construction firms to minimize the negative impact. Explain your answer.

By: nikita

nikita — Fri, 09 Oct 2009 16:59:13 +0000

how can an economist help in the development of the country?

By: vipin

vipin — Tue, 29 Sep 2009 18:50:02 +0000

hi,
i have just a small question by which i get confused all the time….
Q 1.
Why Recession has not affected the Indian Economy?
and what are the reasons for that?
please mail me the answer as soon as possible please…

By: Michael Kamau

Michael Kamau — Tue, 29 Sep 2009 07:51:23 +0000

“economics is the science which studies behaviour as relationship between ends and scarce means which have alternative uses”according to professor Robbins justify this statement