+91-9519066910

Sample

Accounting Finance Economics Assignment Help

UK Assignment Help

Accounting Finance Economics Assignment Help

Rating:

School of Accounting Finance and Economics

Please clearly write your Full Name, ID and Campus location in your answer sheet and upload it in the Drop Box. Show working for all the questions, clearly.

Question 1 (5 marks)

Suppose that the quantity of corn supplied depends on the price of corn (P) and the amount of rainfall (R). The demand for corn depends on the price of corn and the level of disposable income (I). The equations describing the supply and demand relationships are Qs = 20R + 100P and Qd = 4000 − 100P + 10I.

Sketch a graph of demand and supply curves (1 marks)

Sketch a graph that shows the effect of an increase in rainfall on the equilibrium price and quantity of corn. (2 marks)

Sketch a graph of demand and supply curves that shows the effect of a decrease in disposable income on the equilibrium price and quantity of corn. (2 marks)

Question 2 (5 marks)

The demand for beer in Japan is given by the following equation: Qd = 700 − 2P − PN + 0.1I, where P is the price of beer, PN is the price of nuts, and I is average consumer income.

What happens to the demand for beer when the price of nuts goes up? Are beer and nuts substitutes or complements? - prove (2 marks)

What happens to the demand for beer when average consumer’s income rises? (1 marks)

Graph the demand curve for beer when PN = 100 and I = 10,000. (2 marks)

Question 3 (5 marks)

Justin has the utility function U = xy, with the marginal utilities MUx = y and MUy = x. The price of x is $2, the price of y is py, and his income is 40. When he maximizes utility subject to his budget constraint, he purchases 5 units of y.

What must be the price of y and the amount of x consumed? (1 marks). 

Prove that this allocation follows the equi-marginal principle (2 marks).

What would be the new bundles of x, y if Px was $3 (2 marks).

Question 4 (5 marks)

Terry’s utility function over leisure (L) and other goods (Y ) is U(L, Y ) = Y + LY. The associated marginal utilities are MUY = 1 + L and MUL = Y. He purchases other goods at a price of $1, out of the income he earns from working. Show that, no matter what Terry’s wage rate, the optimal number of hours of leisure that he consumes is always the same. 

What is the number of hours he would like to have for leisure? (1 marks)

Determine the MRS of leisure for labour (2 marks)

Draw a leisure-influenced labor curve (2 marks)

Question 5 (5 marks)

Consider the production function Q = 2(KL)0.5

What is the marginal product of labour and capital (1 marks)

What is the marginal rate of technical substitution of labor for capital (2 marks)

What is the elasticity of substitution at a point K = 1, L = 1 if we increase K by one unit? (2 marks)

accounting homework help, accounting homework, financial accounting assignment help, financial accounting assignment, management accounting assignment, cost accounting assignment help, accounting homework help online, accountancy assignment, managerial accounting assignment help, accounting assignment help online, management accounting assignment help, managerial accounting homework help, cost accounting assignment, business accounting assignment help, cost accounting homework help, financial accounting homework help, accounting homework solutions, college accounting homework help, accounting assignment solution, corporate accounting assignment help,

 

 

 DOWNLOAD FULL SAMPLE

Submit Works

Drop File To Upload Or
BROWSE
Assignment Help Australia

Our Top Experts


Karen Betty

Holding a PhD degree in Finance, Dr. John Adams is experienced in assisting students who are in dire need...

55 - Completed Orders


Daphne Lip

Canada, Toronto I have acquired my degree from Campion College at the University of Regina Occuption/Desi...

52 - Completed Orders


Mr Roberto Tuzii

Even since I was a student in Italy I had a passion for languages, in fact I love teaching Italian, and I...

102 - Completed Orders


Harsh Gupta

To work with an organization where I can optimally utilize my knowledge and skills for meeting challenges...

109 - Completed Orders


ARNAB BANERJEE

JOB OBJECTIVE Seeking entry level assignments in Marketing & Business Development with an organization...

202 - Completed Orders


KARAN BHANDARI

Current work profile Project manager- The Researchers Hub (2nd Jan 2016 to presently working) Researc...

20 - Completed Orders


Tan Kumar Ali

Sales Assistant, Mito Marina Assigned to the Stationery dept – assisted in merchandising, stock taking...

100 - Completed Orders


Wesenu Irko

Personal Profile Dedicated and highly experienced private chauffeur. High energy, hardworking, punctua...

200 - Completed Orders