ill D L ם ты PDF ECON 1000 Indiividual assignment X New tab ×+ 2 of 4 (D а Graded individual Assignment [Principles of Economics (ECON1000) Academic Year 2024/2025, Semester 1] File D:/ECON%201000/ECON1000%20Indiividual%20assignment.pdf ▼ Draw Aa | Ask Copilot 84°F Partly cloudy Section A 20 marks 1. Can these activities be considered part of GDP? Answer the following statements by indicating Yes or No. 1 mark each a. John sells fruits in the market in town. b. Two (2) were hurt in car accident and were treated in their local hospital. c. A garage buys spare tyres to sell to customers next year. d. If a Jamaican citizen works temporarily in St. Lucia. e. A Barbadian owns a firm in Haiti. 6 2. Suppose you are given the following information: price. Q = 200 + 3P Qd=400 - P where Q³ is the quantity supplied, Qd is the quantity demanded and P is a. From this information compute equilibrium price and quantity. 6 marks b. Now suppose that a tax is placed on buyers so that Q = 400 - (2P+T) where T is taxes. If T = 20, solve for the new equilibrium price and quantity. (HINT: Note: You are solving for the equilibrium price for sellers and buyers and the equilibrium quantity). 9 marks Q Search ぐ Edit with Acrobat 3:22 PM 11/4/2024
ill D L ם ты PDF ECON 1000 Indiividual assignment X New tab ×+ 2 of 4 (D а Graded individual Assignment [Principles of Economics (ECON1000) Academic Year 2024/2025, Semester 1] File D:/ECON%201000/ECON1000%20Indiividual%20assignment.pdf ▼ Draw Aa | Ask Copilot 84°F Partly cloudy Section A 20 marks 1. Can these activities be considered part of GDP? Answer the following statements by indicating Yes or No. 1 mark each a. John sells fruits in the market in town. b. Two (2) were hurt in car accident and were treated in their local hospital. c. A garage buys spare tyres to sell to customers next year. d. If a Jamaican citizen works temporarily in St. Lucia. e. A Barbadian owns a firm in Haiti. 6 2. Suppose you are given the following information: price. Q = 200 + 3P Qd=400 - P where Q³ is the quantity supplied, Qd is the quantity demanded and P is a. From this information compute equilibrium price and quantity. 6 marks b. Now suppose that a tax is placed on buyers so that Q = 400 - (2P+T) where T is taxes. If T = 20, solve for the new equilibrium price and quantity. (HINT: Note: You are solving for the equilibrium price for sellers and buyers and the equilibrium quantity). 9 marks Q Search ぐ Edit with Acrobat 3:22 PM 11/4/2024
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
![ill
D
L
ם
ты
PDF
ECON 1000 Indiividual assignment X
New tab
×+
2
of 4
(D
а
Graded individual Assignment
[Principles of Economics (ECON1000) Academic Year 2024/2025, Semester 1]
File D:/ECON%201000/ECON1000%20Indiividual%20assignment.pdf
▼ Draw
Aa | Ask Copilot
84°F
Partly cloudy
Section A 20 marks
1. Can these activities be considered part of GDP? Answer the following
statements by indicating Yes or No. 1 mark each
a. John sells fruits in the market in town.
b. Two (2) were hurt in car accident and were treated in their local
hospital.
c. A garage buys spare tyres to sell to customers next year.
d. If a Jamaican citizen works temporarily in St. Lucia.
e. A Barbadian owns a firm in Haiti.
6
2. Suppose you are given the following information:
price.
Q = 200 + 3P
Qd=400 - P
where Q³ is the quantity supplied, Qd is the quantity demanded and P is
a. From this information compute equilibrium price and quantity. 6
marks
b. Now suppose that a tax is placed on buyers so that Q = 400 - (2P+T)
where T is taxes. If T = 20, solve for the new equilibrium price and
quantity. (HINT: Note: You are solving for the equilibrium price
for sellers and buyers and the equilibrium quantity). 9 marks
Q Search
ぐ
Edit with Acrobat
3:22 PM
11/4/2024](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb992d2d-e264-40a3-8f1e-e4dff4253289%2F3656ee4e-fe9c-4281-865c-675937aa70f4%2Fj6xh_processed.png&w=3840&q=75)
Transcribed Image Text:ill
D
L
ם
ты
PDF
ECON 1000 Indiividual assignment X
New tab
×+
2
of 4
(D
а
Graded individual Assignment
[Principles of Economics (ECON1000) Academic Year 2024/2025, Semester 1]
File D:/ECON%201000/ECON1000%20Indiividual%20assignment.pdf
▼ Draw
Aa | Ask Copilot
84°F
Partly cloudy
Section A 20 marks
1. Can these activities be considered part of GDP? Answer the following
statements by indicating Yes or No. 1 mark each
a. John sells fruits in the market in town.
b. Two (2) were hurt in car accident and were treated in their local
hospital.
c. A garage buys spare tyres to sell to customers next year.
d. If a Jamaican citizen works temporarily in St. Lucia.
e. A Barbadian owns a firm in Haiti.
6
2. Suppose you are given the following information:
price.
Q = 200 + 3P
Qd=400 - P
where Q³ is the quantity supplied, Qd is the quantity demanded and P is
a. From this information compute equilibrium price and quantity. 6
marks
b. Now suppose that a tax is placed on buyers so that Q = 400 - (2P+T)
where T is taxes. If T = 20, solve for the new equilibrium price and
quantity. (HINT: Note: You are solving for the equilibrium price
for sellers and buyers and the equilibrium quantity). 9 marks
Q Search
ぐ
Edit with Acrobat
3:22 PM
11/4/2024
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