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Assignment Task:

Answer all the questions:
1. During the recent COVID 19 situation the positive incentives were less like Bonuses, Gifts and allowances and negatives incentives were many like job losses, termination and cutting off the perks eligible. Comment above with the macroeconomics angle point of view. ( 10 Marks )
2. The Government has various tools available to deal with the Market Failure , the few of the tools available to the Government was
• Price Profit Regulations
• Restrictive Trade policy and practices
• Direct Controls or Regulations
• Patents and Law of Tort
• Subsidy Policy
• Tax Policy
• Foreign Exchange Policy. Briefly provide your views on all the above to predominantly sustain for an Economy in Market forces. ( 10 Marks )
3. The Abner Corporation, a retail seller of television sets, wants to determine how many tele vision sets it must sell to earn a profit of $10,000 per month .The price of each television set is $300, and the average variable cost is $100.
a. What is the required sales volume if the Abner Corporation’s monthly fixed costs are $5,000 per month?
b. If the firm sells each television set at a price of $350 rather than $300, what is the required sales
volume?
c. If the price is $350, and if average variable cost is $85 rather than $100, what is the required sales volume? (10 Marks)
4a. What are the factors that causes an increase (rightward or upward shift) in demand and supply? (Write down at least 10 points) (10 Marks)
4b. Why do the price of some goods like Airline tickets to Europe go up during the months of heaviest consumption, while others like sweet corn go down during the months of heaviest consumption?


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  • Posted on : August 21st, 2018
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