You can always makeup work that you got a low grade on. You can do extra credit or finish the work you haven’t turned in (if you have anything) :)
Answer: See explanation
Explanation:
Contemporary Socio-economic issues are the challenges that are faced by the society. It should be noted that these problems and challenges have s negative impact on the economy and the society as a whole.
Some of the contemporary socio-economic issues that are faced by the society are poverty, corruption, illteracy, unemployment, etc.
These issues poses a challenge to the government and government seek ways to address them.
Answer and Explanation:
The computation is shown below:
TC = 25 + q^2
Now
Marginal cost is
= dtc ÷ dQ
= 2q
Average variable cost (AVC) = q
We Assuming perfect competition so there is a free entry so no profits
Therefore
ATC = P
ATC = TC ÷ q
= q + 25 ÷ q
Now
MC = MR = P = ATC
2q = q + 25 ÷ q
q = 25 ÷ q
q^2 = 25
So, Quantity per firm = q = 5
Now
P = MC = MR = ATC
= q + 25 ÷ q
= 5 + 25 ÷ 5
= 5 + 5
= 10
hence, equilibrium price is 10
Now
Q = 35 - P
= 35 – 10
= 25
Hence, Market quantity (Q) = 25
And, the number of firms i.e n
N = Q ÷ q
= 25 ÷ 5
= 5
Answer:
less
positive
negative
Explanation:
The government sector balance is income from taxes less government spending
Government sector deficit occurs when government spending exceeds income of the government.
When deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing
When there is a surplus, government spending is less than the income of the government. Government is able to lend to other sectors
