BEO1105 ASSIGNMENT QUESTION 1 Ceteris paribus, assume a global shortage of petrol has resulted in a doubling of petrol prices

BEO1105 ASSIGNMENT (20%) SEMESTER 1, 2017
Total = 25 marks. Marks succeed be converted to 20 per cent.
QUESTION 1
Ceteris paribus, pretend a global shortage of petrol has resulted in a doubling of petrol charges. Representation graphical call-coercion and yield segregation to assistance your interpretation of the impression on makeweight charge and size in the bargain coercion:
a) Low fuel efficient petrol cars.
b) Cars that representation limpid steam (a replace coercion petrol), where the charge has referable growthd.
2 + 2 = 4 Marks
NOTE: In your answers decipher the bargain makeweight compound process
QUESTION 2
Representation graphical call-coercion and yield segregation to assistance your interpretation of the property the coercionthcoming occurrences succeed keep on the bargain coercion beef. (Pretend ceteris paribus coercion each of the occurrence).
a) A discerning lapse in middle remuneration, assuming beef is a regular amiable-natured.
b) Farmers keep access to excellent temper world indulge (foundation coercion the cows), which has sunk the space it takes to obtain world quick coercion the bargain.
c) Governments in beef producing countries keep referable singly ordered the body exceptingchery of cows attributable to the extend of demented cow sickness excepting they keep so warned consumers encircling the dangers of consuming beef. (HINT: Decipher total practicable impression on charge and size) 2 + 2 + 4 = 8 Marks
QUESTION 3
Ceteris paribus, pretend the growth in novel wholesale apartments has at the corresponding space been accompanied by a lower in the call-coercion coercion such apartments. Representation graphical call-coercion and yield segregation to assistance your interpretation of the impression on makeweight charge and size of the bargain coercion novel wholesale apartments. 4 Marks
(HIN: Decipher total practicable impression on charge and size)
QUESTION 4
a. If the charge of a amiable-natured-natured growth from $3.25 to $4.00, quantitative to a lapse in size call-fored from 25 to 18 units, what is the charge elasticity of call-coercion coercion the amiable-natured-natured at this charge class?
b. Decipher why it is dignified coercion the affair proprietor to know the purport of the elasticity esteem. 2 + 2 = 4 Marks
QUESTION 5
The CEO of HAPPY accomplishment has determined to diversify its affair diplomacy from a sales maximising diplomacy to a acquisition maximising diplomacy. Representation graphs to assistance your interpretation of the two methods a guild can representation to determine on how plenteous it has to improvement to determine it achieves a acquisition maximising output roll. 5 Marks
Jesse Singh (March 2017).

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