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 full answers it also depends on my time schedule.
- The answers will not necessarily be complete. I know several of my essays on this site could be improved.
- I will answer as a new post. Check home page of blog for new post. With question and answers
- If you leave your email in the comments, I can try and let you know (email will not be published)
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
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.)
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.
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.)
1.can u distinguish between transfer earnings and economic rent?
2. Why it is argued that taxes should be imposed on economic rent?
When there are fluctuations in the demand for housing, suggest a strategy for construction firms to minimize the negative impact. Explain your answer.
how can an economist help in the development of the country?
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…