Readers Questions II

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.

  1. The replies will be guidance and not for duplication. Your essays should always be your own work.
  2. 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.
  3. I can’t guarantee to always give full answers it also depends on my time schedule.
  4. The answers will not necessarily be complete. I know several of my essays on this site could be improved.
  5. I will answer as a new post. Check home page of blog for new post. With question and answers
  6. If you leave your email in the comments, I can try and let you know (email will not be published)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.



 

143 thoughts on “Readers Questions II”

  1. My assignment is due in a couple of weeks time.This is mini essay question ” Should economics be considered a science?Why? I would be very greatfull if you could give me some tips on how to approach this question.
    Thanks in advance.

  2. “economics is the science which studies behaviour as relationship between ends and scarce means which have alternative uses”according to professor Robbins justify this statement

  3. 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…

  4. When there are fluctuations in the demand for housing, suggest a strategy for construction firms to minimize the negative impact. Explain your answer.

  5. 1.can u distinguish between transfer earnings and economic rent?
    2. Why it is argued that taxes should be imposed on economic rent?

  6. 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.)

  7. 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.)

  8. In case if you didn’t receive my question i am sending it again. 🙂

    Many experts assert that the assumption of ever increasing property prices is the main factor that has led to the credit crisis. Do you think that the events that led to the crisis would still unfold even if all the lending institutions over the world had predicted falling property prices? Critically explain your answer.

  9. assess the extent to which developments in information technology, such as the internet are making markets more competitive.

  10. Hi, i am studing Business, information tecnology in the university of Sierra Leone, west Africa. one among my subjects study is Economics and i will like to share my experince and also get information support from you as educationists. Do you have similar websites that i can also collaborate with e.g, maths, computer programming, visual basic programmes etc. thanks for your attention…

    R. carlos
    School of technology,
    Njala University,
    Freetown, Sierra Leone.
    Phone:+232-76-458820

  11. What would be a suitable topic on macroeconomics when doing my internal assessment, one that can be expounded on?

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