Figure: Demand Tax
Reference: Ref 6-7
(Figure: Demand Tax) The figure illustrates a market for gasoline with a $1 tax
imposed on the buyers. What amount do sellers receive for a gallon of gasoline in this
I reminisce very well the time I was registering for my classes. My academic advisor took me
through the process and recommended for me this class, English 194. I did not know what it
entailed but why would I n
EFFECTS OF INFLATION TO THE ECONOMY OF A COUNTRY
1.Inflation would reduce the value of money and people will be willing to spend more cash for the same
limited number of goods and thus the price of goods will have raise in accordance to the law of demand.
COMPONENTS OF FINANCIAL PLANNING
There are six components of financial planning and they include the following.
2. Plan for your liquidity.
3. Plan for financing your purchases.
4. Plan for protecting your assets.
5. Plan for your investment.
SCIENTIFIC MANAGEMENT THEORY
Scientific management theory was first developed by W. Taylor between 1856-1915.Taylor was a
mechanical engineer in the United State.
The scientific Management can be defined as:
The application of scientific method of study,
TYPES OF NOUNS
A noun is a part of speech which is used to name a place, person, quality, thing or action. It can be used
as an object, subject, opposite, complement or object of preposition.
Nouns are one of the most vital words in the English language.
THE FUNCTIONS OF THE CENTRAL BANK OF KENYA
The central bank of Kenya is a commercial bank responsible or monetary policy and maintenance of
macroeconomic stability and sound financial system. It was established in 1966
1. Issuing of currency and
CHARACTERISTICS OF A GOOD WRITING
1. Clarity and focus: In good writing, everything makes sense and readers dont get confused
or have to reread passages to find out whats going on. Focused writing sticks with the plot or
main idea without running off on s
10 October, 2015.
Thanksgiving in Luo Community.
I had never had the chance to celebrate thanksgiving ceremony since it was
hardly celebrated in my community. I always sat close to my grandfather around
1 out of 1 points
When the price of a good increases, the quantity demanded [decreases]. When the
price of a good decreases, the quantity demanded [increases].
Fill in the blanks with either "increases" or "decreases".
Specified Answer for:
Instructions: All answers should appear on this worksheet. First list all as many pop
culture phenomena as you can that interest you. Then write complete sentence responses
to questions 1-10. Please
Firm cost Function is C=49-4Q+Q^2
Demand Function of Market Q= 806 - 40P
First we calculate the equilibrium output and price.
In the Long run, perfect competitive market, LAC=LMC
LMC= d. LTC/d. Q = 2Q 4
DEMAND AND SUPPLY
2. A. The equilibrium wont change because the increase in demand due to new buyers is offset by
increase in supply by new sellers.
4. C. The demand for an inferior good decreases as income rises and vice versa.
5. A since more
1. Answer is choice A because when the income elasticity coefficient is positive, the product is a
2. The answer is choice B, because when the income elasticity has a negative coefficient, then the
product is an inferior good.
3. The income e
I= xPx + yPy.
Price of a certain good that can be consumed at Time= Total Income/price
Max of good x that can be consumed= 300/1= 300 units
Max of good y that can be consumed= 300/3= 100 units
Change in Price=3-1= $2
a) Output and Price
= (60-5Q) Q
Therefore MR equation is 60-10Q
But at profit maximization,
Price = 60-5Q=60-5(5)
Therefore, the monopoly industry o
Okinyi Page 1
I reminisce very well the time I was registering for my classes. My academic advisor took
me through the process and recommended English 194 class for me. I did not know what it
entailed but why w
Should the US blame Muslims on the Mass shootings?
How many times have we witnessed Muslims and Islam being blamed on the random
shooting in the United States? How many times have we seen top
Profit maximizing occurs where MC = MR, so the profit maximizing price and quantity
are $4.50 and 55 units of DVDs respectively.
The loss =to the difference between price and average total cost, multiplied by quantity =
= (Price ATC) x Q