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
In a paragraph of maximizing profits ,says that selling goods and services earns a revenue firm.Profit is what is left from revenue after all costs have been deducted
Why have the cost been deducted ,after earning your revenue?
Q.7 In writing causes and effects, we use words such as therefore, so, as a result, that’s why, thus etc. Use these words and write down five sentences that show cause and effect. (10)
Example: Health information does not reach the poor (cause), that’s why diseases are spreading, fast (effect).
Which is a example of a normative question?
1. How will an increase in minumum wage affect teen age workers
2. Should the goverment provide free prescriptions to seniors
3. what fraction of an income tax cut will be spent on consumer goods
4. How will an increase in the price of gasoline affect taxi drivers
What is one of the major welfare challenges in Canada and how is it being tackled
Explain why a firm in a perfectly competitive market would choose to remain in business, if its profit is zero at equilibrium. Illustrate any theories or concepts you decide to use to answer this question with numerical examples. (10 marks)
what is likely to happen to price elasticity over time?