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# -Categorize the following reasons for caring about poverty,

Question
-Categorize the following reasons for caring about poverty, development and inequality as either normative or positive:a. Poverty may prevent people from making investments in their future that cause their children to remain in poverty.b. In a world with a global per capita annual GDP of over \$17,000, it is wrong that some people go hungry.c. High degrees of inequality may lead to underinvestment in public goods such as education or public health, because the extremely wealthy can supply these goods privately for themselves.2. Suggest a normative and a positive reason for a particular concern about COVID-19 in poor countries.

## John was a high school teacher earning \$ 80,000 per year. He quit

Question John was a high school teacher earning \$ 80,000 per year. He quit his job to start his own business in pizza catering. In order to learn how to run the pizza catering business, John enrolled in a TAFE to acquire catering skills. John’s course was for 3 months. John had to pay \$2,000 as tuition for the 3 months. After the training, John withdrew \$110,000 from his savings account. He had been earning 5 percent interest per year for this account. He also borrowed \$50,000.00 from his friend whom he pays 6 percent interest per year. John’s first year of business can be summarised as follows: ItemAmount \$Revenue250,000Labour cost120,000Pizza ingredients 50,000Equipment10,000​​Calculate John’s accounting profit and economic profit? Show your work.

## Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted

Question Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions:A. Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing 10,000 more tons of rice?​​​​​​​​​the attached phooto is the graph for the refrence

## as there us graph , use the image provided Use the graph below to answer

Question as there us graph , use the image provided Use the graph below to answer the questions that follow: B1: Suppose Nepal begins to manufacture fertilizers. Explain the impact of the discovery of fertilizers on Nepal’s economy using one of the PPF above.(2marks) B2: Also, supposing there is a discovery of steel in Nepal, explain the impact of steel on the economy of Nepal using one of the PPF above. (2 marks)B3: Finally, the Minister of Finance in Nepal advicesthe World Bank that in order to increase rice production and machinery, each sector requires USD 50 billion, or a total of 100 billion. This 100 billion is made available by the World Bank. Explain the impact of these 100 billion budgetary allocations to the economy of Nepal. Use one of the PPF above.

## Let weekly demand for flu vaccines be represented by the following demand curve: P =

Question Let weekly demand for flu vaccines be represented by the following demand curve: P = 400-(1/2)Q And suppose that FluOz is the monopoly supplier of vaccines to Australia with a marginal cost curve:MC = 200;a) On a clearly labelled diagram, sketch the demand, marginal revenue, and marginal cost curves and calculate and show the monopolist’s profit-maximising quantity (QM) and the price that will be charged in the market (PM). (4 marks)b) Calculate the consumer surplus and producer surplus at the monopoly equilibrium and the deadweight loss of the monopoly outcome compared to the socially efficient quantity and show these on your diagram. (3 marks)Finally, suppose that FluOz’s average total cost curve is ATC(Q)=100/Q 200.c) Calculate FluOz’s monopoly profit and explain what would happen if FluOz was forced to charge the socially optimal price for vaccines. (3 marks)

## Refer to the graph of Market 1. A monopolistically competitive firm

Question Refer to the graph of Market 1. A monopolistically competitive firm that is maximizing profit given the unit cost curves displayed in the graphA.will produce more and charge a lower price in the long run.B.will produce less and charge a lower price in the long run.C.is in long-run equilibrium.D.will produce less and charge a higher price in the long run.

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