Assignment Task

 

Question 1

Assume a monopolistic firm with a constant marginal cost (MC). The firm's demand schedule is given by table 1 below. Calculate the firm’s total revenue. Average revenue and marginal cost.

1.1 Find the firm's total revenue schedule, entering the data into the table where indicated.
1.2 Use these data to determine the marginal revenue schedule (Show calculations)
1.3 Assuming a constant marginal of R40, what output level and price will maximize the firm's profit? 
 

Question 2

Price stability is one of the main macroeconomic objectives hence monetary authorities pursue monetary policy to Suppose that you are a member of the Monetary Policy Committee of the SA Reserve Bank. The economy is experiencing a sharp increase in inflation.
 

2.1 What are the options for the SARB, what response do you recommend and why? [hint: tools of monetary policy] 

2.2 Despite its success, monetary policy has certain limitations and faces real-world complications. Briefly discuss some of the complications.

 

 

This Economics Assignment has been solved by our Economics experts at UniLearnO. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

Eureka! You've stumped our genius minds (for now)! This exciting new question has our experts buzzing with curiosity. We can't wait to craft a fresh solution just for you!

  • Uploaded By : William
  • Posted on : May 13th, 2019

Whatsapp Tap to ChatGet instant assistance