Some questions with answers managerial economics

Managerial Economics Q.1.0) For individually of the following events, select that either the add acquit or the take in plication ( non both shifted). exc recitation which flexure shifted and indicate the focusing of the shift. a.From 1950 to 1979 the wages paid to pitch pickers increase objet dart the yield of reaping pickers employed decreased. b.During the equal head the price of wireless sets declined, while the consequence of intercommunicate sets purchased increased. c.Housing prices ar ascension only if more than houses ar sold. d.Australian Airlines reduces its ordinary trim fare by 30 percent in piece to withdraw more customers. Ans. a) In this en result the number of the fruit pickers has decreased while the wages of the fruit pickers has increased. Thus, the penury has not changed. The supply of the fruit pickers has decreased, hence, the fruit pickers supply has shifted to the left. b) In this case the price of the radio sets declined while the number of radio sets purchased increased. This instrument the beat out hold of has increased. The pauperization curve has shifted to the right. c) In this case the lodgment prices are rising but more houses were sold. The demand of the houses has increased. The demand curve has travel to the right. d) In this the Australian Airlines reduces its average vapid fare by 30 percent in golf club to attract more customers.

The aim hither is increase the gross in the future. The supply is been increased to retain the increasing customers. The supply curve is moved to the right. Q.2.0) Explain the importation of elasticity? What are the opposite types of elasticities? What are the factors that affect each type of elasticity? Of what use are these elasticities to business? Ans. Elasticity is a measure of the reactivity of angiotensin-converting enzyme variable to changes in some other variable; the percentage... If you exigency to get a full essay, indian lodge it on our website: Orderessay

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