Foundation of economic
Question paper
Question 1: - price ceiling and floors?
- Draw a diagram and explain
- Who win and who loose in different group
Question 2: - perfect competition?
- What can happen in short run?
- Describe the diagram about above normal profit.
- Make a loss but stay in business.
- Who could make business profit and losses
- 2 thing revenues more than cost
- Cost
- R>C than profit, R- Imagine in perfect competition the price goes up.
- Imagine the cost goes down price goes down.
- Result above normal profit.
- Describe short run and long run with diagram.
Question 3: - learn the elastic formula, make sure you know what should business do to make more profit?
- Its depend on elasticity?
Question 4: - explain the mandatory policy?
- What reserve bank do?
- Why this is week and strong.
- Explain open market operation
- Bank sell bond pieces of paper.
Question 5: - explain the Fiscal policy?
- If economic well or if economic doing bad.
- What will govt do?
- Explain in diagram.
(no word limits every question have4 mark) whatever my teacher said I just write down and send to u guys. I really don't know or no knowledge about economic. Please help me and, send me the payment invoice I send a money to u. please send me solution ASAP