Question 1:
Supposing that you’re appointed consultant on economic matters for a company and you’re asked to examine the market structures in various sectors of economy.
What indicators would you take in account to classify the markets and examine them from the profitability and economic efficiency point of view? Provide instances taking the case of Mauritius.
Question 2:
You are appointed as manager as of a tourist hotel in Mauritius and you are asked to do an analysis of the price determination in industry. Moreover, you’re asked to highlight the significance of knowledge of elacticities of demand and supply in your business strategy. How would you approach this assignment?
Question 3:
Given the government policy to raise access to tertiary education, you’re asked to estimate a demand function and forcast demand for tertiary education for your company. Discuss and illustrate out the various steps and issues which you would consider in your task.