Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Length: Around 2,200 words (please check Part A & B word limits)

Part: A

problem: Describe with numeral illustration that marginal revenue is always lower than the price when monopolists charge single price for all the units to sell.

problem: Starbucks Closed 61 Coffee Shops in Australia

Starbucks slashed its Australian presence after years of multimillion-dollar losses and a failure to make inroads. The world’s biggest coffee chain axed 685 jobs and close 61 of 84 stores nation-wide.

People interviewed stated:

A) There are a lot of good coffee shops;
B) Starbucks had issues with site selection and a limited food menu;
C) Australians like to sit down and relax with a cup of coffee rather than taking it away in a paper cup; and
D) Starbucks was struggling with overpriced coffees which failed to meet up the Australian standard.

Answer the given problems:

A) In what market does Starbucks compete?
B) Describe the revenue, costs, and profit that Starbucks expected when it entered this market. Draw a graph to illustrate your answer.
C) How did the factors listed as (1) to (4) above influence Starbucks’ revenue, costs, and profit? Draw a graph to demonstrate your answer.

problem: How firm supply curve is derived in the short run? Describe with graphs.

problem:

1034_aggregate expenditure.jpg

The figure above exhibits the flows of expenditure and income in Australia. Throughout 2006-07, B was $585 billion, C was $231 billion, D was $241 billion, and E was –$13 billion.

Name the flows and compute the Aggregate expenditure and Aggregate Income and GDP. Describe among their relationships.

Part: B

Essay problems:

Length: Around 500 words for each and every problem, excluding tables and graphs, if needed.

problem: The given events have occurred globally in recent years:

• A deep recession hits the world economy.
• The world oil price increases sharply.

Do you think the economy can be rescued if the Keynesian policy is followed? Describe your arguments.

problem: Poor India Makes Millionaires at Fastest Pace

India, with the world’s largest population of poor people living on less than a dollar a day, also paradoxically created millionaires at the fastest pace in the world in 2007. … Growing them at a blistering pace of 22.7 per cent, India added up the other 23,000 more millionaires in 2007 to its 2006 tally of 100,000 millionaires measured in dollars. … In dissimilarity, developmental agencies put the number of subsistence level Indians living on less than a dollar a day at 350 million and those living on less than $2 a day at 700 million. In another words, for every millionaire, India has around 7,000 impoverished people. ...

(The Times of India, June 25, 2008)

Following the limitations of real GDP estimation and specifically estimation problems related with across countries examine the validity of this statement.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9156

Have any Question? 


Related Questions in Business Economics

The table to the right shows the results of a survey in

The table to the right shows the results of a survey in which 2585 adults from Country A, 1116 adults from Country B, and 1064 adults from Country C were asked if human activity contributes to global warming. Complete pa ...

The mean height of women in a country ages 20-29

The mean height of women in a country? (ages 20-?29) is 63.5 inches. A random sample of 65 women in this age group is selected. What is the probability that the mean height for the sample is greater than 64 ?inches? Assu ...

A small factory produces two types of toys trucks and

A small factory produces two types of toys: trucks and bicycles. In the manufacturing process two machines are used: the piece maker and the assembler. It takes 2 hours to make the pieces of the bicycles and 1 hour for t ...

Ads in the boring business magazine are read by 300 lawyers

Ads in the boring business magazine are read by 300 lawyers and 1000 MBAs. Ads in the consumer publication are read by 250 lawyers and 300 MBAs. If Harry has $3000 to spend on advertising... If the price of ads in the bo ...

The distribution of the monthly amount women spent on

The distribution of the monthly amount women spent on supermarket in Houston city has a mean of $675 and a standard deviation of $80. A random sample of 64 families in this city is selected. Which Excel statement will fi ...

Players of a lottery pay 1 for a ticket that lets them

Players of a lottery pay $1 for a ticket that lets them select 6 non-repeating numbers from 1 to 49. What is the probability of correctly guessing all 6 values with just one ticket?

Aprobability experiment consists of rolling a 6-sided die

A probability experiment consists of rolling a 6-sided die. What is the probability of rolling a number less than 6.

The researchers stated that there were no significant

The researchers stated that there were no significant differences in the baseline characteristics of the intervention and control groups. Are these groups heterogeneous or homogeneous at the beginning of the study? Why i ...

Suppose that the value of the us dollarnbsp yesterday

Suppose that the value of the US dollar? ($) yesterday was? $1 = 4 yen. Today the exchange rate changed such that? $1 = 2 Yen. Given that the US dollar has? depreciated, the aggregate demand in the United States should A ...

Suppose a researcher is interested in knowing the

Suppose a researcher is interested in knowing the statistics skills of first-year graduate students 2016 as compared to the skills for those in 2015. It is known that on a statistics test for the first-year grad students ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As