You are welcome to ask questions on Economics. However, due to volume of questions, I can no longer promise to answer all questions.
I will post the answer on this blog, for everyone to benefit from.
I shall try to answer the economics question and / or point to other resources but please bear in mind.
- The replies will be guidance and not for duplication. Your essays should be your own work.
- My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
- I can’t guarantee to always give full answers it also depends on my time schedule.
- I will answer as a new post. Check home page of blog for new post. With question and answers
- Generally, I don’t answer questions, which involve mathematical calculations, they tend to be doing someone’s homework. however, I may give examples, of calculations, if I think it helps explain economics principles.
I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
Related
- The first Readers Questions has had over 150 comments.
- Readers Questions II
- Readers Questions III
If I answer your question, and you find it helpful, a donation is appreciated here for details on donating $2.
About The Author
Discuss whether the reduction of unemployment should always be the main aim of
government policy.
Dear Sir,
can you please help me answer the question ‘how has the international off shoring of production affected the the countries receiving this investment?
Thank you
An advantage of publi works over transfer pameets as a means of reducing unemployment? An disadvantage ofusing public works to reduce unemployment?
An advantage of publi works over transfer pameets as a means of reducing unemployment? an advantage of transfer payment over public works as a means of reducing unemployment?
Meg’s preferences over consumption in years 1 and 2 are given by her intertemporal utility function,
U(C1, C2) = min[2C1, 3C2]
where C1 and C2 are her consumption levels of the composite commodity in the respective years. Lizzie receives an income of $30,000 in year 1 and $50,000 in year 2. The price of the consumption good is $1 in each year and the interest rate for borrowing or lending is 25 percent.
(a) Draw a diagram showing Meg’s intertemporal preferences.
(b) Write down Meg’s intertemporal budget constraint.
(c) Draw a diagram showing the budget constraint, Meg’s initial endowment and her optimal consumption in each of the two years.
(d) Find the optimal consumption quantities and de
termine how much Meg will borrow or lend in year 1.
(e) How would Meg’s consumption choices be affected by a decline in the interest rate? Explain briefly with respect to your diagram in (c).
*any help u can provide with any of these questions would be a massive help! thanks!
Edna is only interested in broodmare mix (B) and gumnuts (G). Her preferences are described by the utility function u(B, G) = 3B + 2G, where broodmare mix and gumnuts are measured in bags.
(a) Find Edna’s marginal rate of substitution between broodmare mix and gumnuts.
(b) Are her preferences homothetic? Explain briefly.
(c) The monthly budget for broodmare mix and gumnuts is $100. Broodmare mix costs $25 a bag and gumnuts cost $20 a bag. Find the optimal monthly amounts of broodmare mix and gumnuts to satisfy Edna’s desires.
(d) How will Edna’s consumption of broodmare mix and gumnuts change if the price of broodmare mix rises to $40 a bag? Explain with reference to part (c).
(e) Suppose the prices of broodmare mix and gumnuts are as in part (c). Find the equation of Edna’s income-consumption curve. Illustrate the income-consumption curve in a diagram.
*please help me solve these 5 questions! im struggling.