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
Please identify the follwing statement if it is true, false or uncertain.
“In a university they show all the movies for free including the latest releases. Rachel, one of the student in that university is irrational because his demand for these free movies is only 8 per month.”
can scarcity be solved justify this
why do the Fed choose to prefer the CPE that leads to a lower inflation rate than the CPI?
1) A major flood in the north part of Malaysia has caused the price of rice increased substantially. The government wants to protect consumers from rising rice prices. Suppose you are an economist, what is your suggestion to the government in setting the price and give two effects of it?
2)Competitive firms do not want to produce its goods even after an increasing marginal product has set in and the marginal cost is decreasing”. Do you agree? Discuss.
3)Many apartment-complex owners are installing water meters for each apartment and billing the occupants according to the amount of water they use. This is in contrast to the former procedure of having a central meter for the entire complex and dividing up the water expense as part of the rent. Where individual meters have been installed, water usage has declined 10 to 40 percent. Explain that drop, referring to price and marginal utility.
whay part of Robbins definition drings the concept of opportunity cost?
state in many word the central problem or fact of economy?
q1=1000-200p ,q2=800p-2000 at equlibrium elasticity of demand will be