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ECO100 Individual Assignment T318  

Pages : 5 | Type : Essay

Answer: Answer a) CARS (000) Bicycles (000) 30 0 28 1 24 2 18 3 10 4 0 5 Figure 1 Production capacity of Newlan Answer b) The production possibility frontier is a kind of curve that is used to depict all the maximum output possibilities of the two commodities. The production possibility frontier known to assume that all the inp...

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userWritten By : Mark     postPosted On : Apr 09, 2020     downloadDownload : 0
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ECO100 Individual Assignment T3 2018  

Pages : 7 | Type : Essay

Answer: Question Figure 1: Production Possibility Frontier for cars and bicycles The frontier that indicates feasible combinations of two products or services an economy can produce using all the available resources employed in the most efficient way. The production possibility frontier also known as production possibility curve represent the implication off scarcity and opportunity cost in the economy (Mankiw 2014). The primary assumption...

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userWritten By : Mark     postPosted On : Apr 19, 2020     downloadDownload : 0

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ECO100 Introduction To Economics  

Pages : 8 | Type : Essay

Answers: Introduction The economy of Singapore is one of most economically open economies of the world. The low tax rate and the lack of strict bureaucracy allow the business to operate smoothly. One of the biggest business sectors of the country is the engineering and the precision engineering industry of the economy. The main characteristics of the precision engineering company are their innovation and new product development. Khoo et al. (...

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userWritten By : Mark     postPosted On : Nov 02, 2020     downloadDownload : 0
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ECO100 Introduction To Economics  

Pages : 2 | Type : Essay

Answers: The demand situation in a firm depends on several factors in the market that determine and inform on the number of production a company engages in. A business product becomes an independent demand when its sales are not controlled by another item in the market. On the other hand, a product is termed as dependent if its demand is controlled by another product in the market. The essay focuses on a demand methodology and ways in overcomi...

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userWritten By : Mark     postPosted On : Nov 02, 2020     downloadDownload : 0
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ECO100 Introduction To Economics  

Pages : 5 | Type : Essay

Answers: 1. In the theory of microeconomics demand constituted by consumers has a critical role to play. Economically, demand of a good describes buyers’ desirability and ability to purchase a good at the fixed market price (Phlips, 2014). Change in the demanded quantity differs completely from that of a change in entire demand. Change in quantity demanded The concept of change in demand corresponds to the amount of demand change for ...

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userWritten By : Mark     postPosted On : Jan 12, 2021     downloadDownload : 0
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ECO100 Economics For Business  

Pages : 5 | Type : Essay

Answer: In Australia, one in seven 14 % of the population at the age of 15 and above uses tobacco products Davidson & Silva (2018). Former smokers account for 30% of the population whereas more than 200,000 smoke sporadically, and 55% are non-smokers. The rate of smoking among men and women increases with age and the highest ages are 25 and 44. There was a decrease  in smoking rate by 36%  Australia by the year 2001.The decrease ...

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userWritten By : Mark     postPosted On : Jan 15, 2021     downloadDownload : 0
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ECO100 Introduction To Economics  

Pages : 7 | Type : Essay

Answers: Part A Economic conditions of Australia Economic condition refers as a current situation of the company which depends on the business and economic cycle of the country and as the business and economic cycle change, the changes are also reflected in the economic condition of the country. There are various indicators which reflect the economic condition of the country such as gross domestic product rate, inflation rate, interest rate,...

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userWritten By : Mark     postPosted On : Jan 20, 2021     downloadDownload : 0
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ECO100 Introduction To Economics  

Pages : 4 | Type : Essay

Answer: Introduction The current performance of Gross Domestic Product, inflation rate and unemployment rate in Saudi Arabia is performing well currently (Samargandi, 2014). The government policy of Saudi Arabia is focusing on economic development which will be able to increase economic growth. This task will describe and analyse how the inflation rate, unemployment rate and GDP are performing a case study of Saudi Arabia economy. Gross Dome...

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userWritten By : Mark     postPosted On : Jan 22, 2021     downloadDownload : 0

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