You are welcome to ask questions on Economics.
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 always 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 answers it also depends on my time schedule.
- The aim is not to do people’s homework for them, but, help in the understanding of economic concepts.
- The answers will not necessarily be complete. I know several of my essays on this site could be improved.
- Please Write the Questions clearly and with proper spelling. Some questions I have not answered because they were not clear what was meant.
- I will answer as a new post. Check home page of blog for new post. With question and answers
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.
If you find the information useful, you are welcome to buy me a coffee :)
About The Author
Question: a perfectly competitive firm is producing 10 units of output. The marginal cost of the tenth unit is $60; the price is $50. in case the firm wishes to maximize profits, should it increase production, decrease production, or leave production unchanged? Why?
how to highlight this graphically?
A Country’s economy was influenced by the American sub prime mortgage crisis in the end of 2008. why was that country affected significantly? In order to save the Economy from recession the government issue Consumption coupons, they also increased spending on public infrastructure constructions. Why did the government do these things and how would you analyze the impacts of the two stated policies
For both developed and less developed countries, Heckscher-Ohlin Theory provides the most realistic and socially responsible model on which to base government policy with respect to trade?
what is the role of macro economic in the modern economy
consider a perfectly competitive industry with 160 identical firms.the short run and log run cost functions of a typical firm are:
C (SR) = 4q+2q square so that MC= 4 +4q
C (LR) 10+4q+2q square so that MC=4+4q
where q is the output for an individual firm.
Market Demand for the industry product is
Qd=660-P
where P is the price of the product and Q is the output for industry.
a.what is the long run supply curve of an individual firm?please explain how you proceed.
b. In the long run, there are a potentially infinite number of identical firms that can enter the industry.
What is the long run market supply curve for the industry?
compute the long run equilibrim price?
how much does each firm produce in this long run equilibrium and how many active firms are there in the market?please explain how you proceed.
What Is The Whole AD mean cuz i aint got a clue what your on about.
im doing the business a2 exam this year and its about the recession and economy so is it a need to know?