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Examine the effect of government price legislation on Jane a farmer in rural Philippines

ECONOMICS FOR BUSINESS
FINAL ASSIGNMENT
TRIMESTER T 1, 2021
Assessment Weight: 50 total marks
Instructions:
• All questions must be answered by using the answer boxes provided in this paper.
• Completed answers must be submitted to Blackboard by the published due date and time.
Submission instructions are at the end of this paper.
Purpose:
This assessment consists of six (6) questions and is designed to assess your level of knowledge of the key topics covered in this unit

Assessment Question Week 2 and 3
Demand and Supply, and Elasticity
Question 1 7 Marks
After the devastating typhoon Haiyan in the Philippines, the government and donor agencies embarked on rehabilitating rice production to avoid hunger and starvation. As a result, Philippines experienced a rice bumper harvest which led to the equilibrium price to decrease to AUD 1.50 per kilogram. To reduce poverty, the government decided to increase the price of rice to AUD 2.00 per kg. Suppose the figure below represents rice production by Jane a farmer in rural Philippines, answer the questions below.
i. Examine the effect of government price legislation on Jane a farmer in rural Philippines (3 Marks)
ANSWER: ** Answer box will enlarge as you type
ii. Calculate the price elasticity of demand using the midpoint formula for rice. (1 Mark)
ANSWER:
iii. What is the price elasticity of demand for rice? Based on your answer, is rice a necessity? Explain your answer. (3 Marks)
ANSWER:
Assessment Question Week 4:
Production costs
Question 2 7 Marks
John was a high school teacher earning a net salary of $54,000 per year. After working for one year, he quit his job to start his own milk bar business. In order to start the business, John borrowed $40,000.00 from the bank and was paying 5 percent interest per year. Also, John withdrew $ 50,000 from his savings account. He had been earning 5 percent interest per year for this account.
John’s first year of business can be summarised as follows:
Item Amount $
Revenue- Fresh milk section 250,000
Revenue- Yogurt Section 180,000
2 Cashiers expense (wages per worker) (40,000)
Truck expense (80,000)
Manager expense (60,000)
Milk sales assistant expense (30,000)
Equipment expense (50,000)
Motorcycle expense to ease movement in city (30,000)
2 milk freezers (cost per freezer) (5000)
Based on your calculations of accounting profit and economic profit, would you advise John to return to his teaching job or continue with the milk bar business? Show your work! (7 marks)
ANSWER:
Assessment Question Week 5 and 6:
Market structure
Question 3 7 Marks
Adidas is one of the high-class sports shoe dealers in Melbourne with the following short run cost curves. Answer the question that follow
i. Use 2 characteristics to explain the market structure for Adidas Sports Shoe Company. (4 marks)
ANSWER:
ii. Calculate this firm’s profit or loss for Adidas shoe company. (3marks)
ANSWER:
Assessment Question Week 7 and 8
Measuring the size of the economy
Question 4 7 Marks
The table below is extracted from Khada Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that follow.
Item Base year 2019 2020
Production Price Production Price
Used cloth (units) 4,000 50.00 5000 60.00
Components used tractor factory production 8,000 500.00 11000 1,200.00
Cloth 8,000 25.00 12,000 30.00
Beef gifts during cultural festival 1,500 2.00 1,700 3.00
Milk litres 5,000 1.30 7,000 2.50
Computers 2000 500.00 2,500 600.00
Printers 500 300.00 400 355.00
Raw materials for car assembling plant 4500 250.00 4450 300.0
i. Calculate Khada Republic’s nominal GDP, real GDP in 2020 and GDP deflator
(6 Marks)
ANSWER:
ii. Examine the importance of a GDP deflator for Khada Republic (1 Mark)
ANSWER:
Assessment Question Week 9 and 10
Inflation and unemployment, and Macro economics
Question 5 Marks 11
In order to improve the living standards of the people in Philippines after the devastating typhoon Haiyan, the government decided to increase the labour wage per hour from AUD 17.50 to AUD 25.00. Also, Philippines experienced structural unemployment and frictional unemployment.
i. What is the hardest type of unemployment that Philippines experienced as a result of typhoon Haiyan? Explain your answer. (4 marks)
ANSWER:
ii. Use the figure below to examine the effects of the government minimum wage of AUD 25.00 in Philippines.
a. Examine the effect of government minimum wage of AUD 25.00. Assume the increase labour is equivalent to the total labour force and calculate the unemployment rate (3 Marks)
ANSWER:
b. The figure below indicates that the aggregate demand curve slopes left to right downwards. Explain the factors that account for the shape of the Aggregate demand curve. (4 Marks)
ANSWER:
Assessment Question Week 10 and 11
Fiscal policy and Monetary policy
Question 6 11 Marks
The government of Australia has embarked on various policies in order to reduce the severity of COVID 19 on the economy.
i. Has COVID 19 caused economic expansion or a recession? Explain your answer using at least two economic effects on the economy of Australia. (2 Marks)
ANSWER:
ii. Examine the effects of the fiscal policy instruments that the government of Australia has adopted on the economy. (9 Marks)
ANSWER:
END OF TUTORIAL ASSIGNMENT
Submission instructions:
• Save submission with your STUDENT ID NUMBER and UNIT CODE e.g. EMV54897 HI5003
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• Only one submission is accepted. Please ensure your submission is the correct document.
• All submissions are automatically passed through SafeAssign to assess academic integrity

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A double effect evaporator in a plant is used to remove water of an aqueous salt (NaCl and H2O) fresh feed solution from 50.0 wt% water to 5.0 wt% water

Question 1

A double effect evaporator in a plant is used to remove water of an aqueous salt (NaCl and H2O) fresh feed solution from 50.0 wt% water to 5.0 wt% water as shown in the Diagram 1 below. The evaporator unit is designed to process 6000.0 metric ton of the aqueous salt fresh feed solution yearly. Assume the plant is operating 250 days yearly and 10 hours daily. After exiting the second evaporator, the aqueous salt solution entered a splitter, where half of the solution was recycled to the stream and the remainder removed from the system.

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i.           Redraw and label Diagram 1 completely with the known and unknown variables.

ii.         Calculate the feed rate (in kg/hr) of the aqueous salt fresh feed solution.

iii.        Solve the total mass flow rate (in kg/hr) of the aqueous salt solution exiting the evaporator number 2.

iv.        Determine the amount of water (in kg/hr) removed from the aqueous salt solution in Evaporator 1 and Evaporator 2

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The Bystander Effect

 Examining Major Perspective and Theories in Historical Psychology Research

For this Assignment, you will watch all four of the historical research videos (listed below), and then select one video to identify basic perspectives and theories used in psychology. Once you have selected your study (video), complete the Unit 6 Assignment Template (located in Course Documents), which will guide you through writing a cohesive paper. This Assignment will provide you with a connection between the major psychology studies and perspectives.

Watch each of the following:

Next, select one the videos, and write a 2-4 page paper (not including Title and Reference pages) addressing the following points:

  1. Identify the historical research study (video) you selected from the list above.
  2. Summarize the results of this study and what implications it has with regards to human behavior and mental processes that you have learned about in Units 5-6
  3. Discuss what is meant by social psychology and how it could apply to your research study referencing its theory and concepts.
  4. Theories are meant to help you explain and predict people’s behavior. Considering the personality theories you read about in Units 5 and 6, name one theory that helps explain what you see illustrated in the research and explain your reasons for choosing it (for example: psychodynamic, humanistic, social cognitive, behaviorism, or trait theory).
  5. Consider whether or not you think this historical research could explain the development of psychological disorders? Explain your reasoning using reference to the study and the disorder(s).

Writing Requirements and Assignment Guidelines

Your Assignment should be 2-4 pages, not including the Title and Reference pages, and should include the following elements:

  • Title page: Provide your name, title of assignment, course and unit number, and date
  • Body: Answer the questions in complete sentences and paragraphs
  • Reference Page: Sources in APA format
  • Use Arial or Times New Roman 12 point font, double-spaced
  • Use APA Formatting and Citation style
    • If you need assistance with APA style, please visit the Writing Center.
  • The assignment must be written in Standard English and demonstrate superior organization, including a highly developed viewpoint and purpose. The communication of your thoughts must be highly ordered, logical, and unified, displaying exceptional content, organization, style, and mechanics (including the use of correct grammar, punctuation, and sentence structure).

This Assignment assesses the following Course Outcomes:

PS124-3: Discuss major perspectives and theories in psychology connecting them to important historical research.

GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English.

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What key financial ratios will be affected by the adoption of FAS 141R and FAS 160? What will be the likely effect?

Read the case study indicated below, and answer the following questions:

James, M. L. (2010). Accounting for business combinations and the convergence of International Financial Reporting

Standards with U.S. Generally Accepted Accounting Principles: A case study. Journal of the International

Academy for Case Studies, 16(1), 95-108.

1. What key financial ratios will be affected by the adoption of FAS 141R and FAS 160? What will be the likely effect?

2. Could any of the recent and forthcoming changes affect the company’s acquisition strategies and potentially its

growth?

3. What were FASB’s primary reasons for issuing FAS 141R and FAS 160?

4. What are qualifying SPEs? Do they exist under IFRS? What is the effect of FAS 166 eliminating the concept of

qualifying SPEs on the convergence of accounting standards?

5. If the company adopts IFRS, what changes should management be aware of?

6. What are the principle differences between IFRS and U.S. GAAP?

Your submission should be a minimum of three pages in length in APA style. Be sure to cite and reference all quoted or paraphrased material appropriately in APA style.

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Writers Solution

flynns effect explanation and advantages of measuring the iq test

 write an article on flynns effect explanation and advantages of measuring the iq test Paper must be at least 250 words. Please, no plagiarized work! TED Talk given by Flynn Introduction This paper will be focused to answer the questions about Flynn’s effect, its explanation and advantages of measuring the IQ test.

Each generation possesses the higher IQ test as compared to previous generation. Either individual of a generation think differently or they have become smarter than individuals of preceding generation. Flynn effect has been widely accepted and most approaches are used to estimate its error measurement. It is required to explain Flynn effect and show that how older people of old generation were not so rationale as compared to lateral generations.

A number of explanations are given to explain the Flynn effect. It is widespread, steady and too large that improved nutrition has produced the great familiarity of the IQ tests. People used only one bullet in the bullseye in 1865 and they used five bullets in 1898. In 1918, a hundred bullets were put in bullseye. People have escalated in their performance at a high degree than previously. People did not consider the difference between a fish and crow. In the early days, rifles were shuffled between different war fighters but later on every responsible individual would have his own gun.

In older days, people were not rationale and made speculations regardless of facts. People thought that camels could not be found in small villages because no room was there for camels. People were involved in problems regardless of their importance and reality. It is argued that intelligence is strongly associated with the IQ test that largely focuses upon problem solving capabilities of individuals. In this regard, one can say that intelligent increases as cultural generation are moving ahead. From Flynn’s work, one can conclude that cognitive demand has increased in modern days as 35% Americans are involved in profession or sub-professions while in 1900 only 3% American were found in practicing profession.

Conclusion

In this paper, focus has been to define the Flynn Effects and its explanation in terms of that how people of old days were not so rationale as compared to individuals of lateral generations. Some of the statistics about IQ and increase in cognitive demands are also evaluated.

References

Flynn J. (2013). Why our IQ levels are higher than our grandparents. Available from

http://www.ted.com/talks/james_flynn_why_our_iq_levels_are_higher_than_our_grandparents/transcript?language=en#t-378517 Accessed on 16/10/2015.