Topic * four problem-solving questions that require written answers


You insufficiency to prosper an delayhold format expounded underneath. Not prospering delayhold format achieve origin detriment of some symptoms.

All written answers must be plainly typed and printed. Hand-written answers achieve NOT be current.

All assignment investigations and sub-questions should be typed in manage at the address.

Separeprove each ocean investigation by contrariant page. For sample, if Investigation 1 (a) (b) (c) and (d) are answered on pages 1-2, then begin Investigation 2 on page 3, etc.

The answers should be written plainly and concisely delay the ocean points solely, and desert inoperative points.  In your answers,

You should analyse, expound and illusion how and why you delineate your answers. Providing proper answers delayout exposition achieve not assent-to ample symptoms.

You should to-boot understand delayhold and applicable diagrams, charts and considerations aceedly in your exposition. Delineate them using Microsoft Word/Excel/Power Point tools, NOT laborer delineaten.

 

Assignment Questions

Question 1 – 10 symptoms     

Ethanol

(barrels per day)

Food crops

(tonnes per day)

70

0

64

2

54

4

40

6

22

8

  0

10

 

Part A  

Australia produces ethanol from sugar whip, and the fix used to advance sugar whip is used to advance livelihood crops. Suppose that Australia’s origination possibilities for ethanol and livelihood crops are as in the consideration.

(a)      If Australia growths its origination of ethanol from 40 barrels per day to 54 barrels per day, what is the convenience require of an appended barrel of ethanol?  (1 symptom)

(b)      Does Australia countenance an increasing convenience require of ethanol? What element of Australia’s PPF illustrates increasing convenience require?  (1 symptom)

Part B  

The consideration sets out the require and furnish registers for banana.

 

Price

(dollars    per box)

 Quantity

 demanded

Quantity

 supplied

 

(boxes a week)

6

  50

400

5

100

350

4

150

300

3

200

250

2

250

200

1

300

150

 

 

 

Draw a graph of the symptomet for banana. What are the makeweight consume and portion? Expound why.    (1 symptom)

If the consume of banana was $1.50 a box. What would be the portion requireed and portion gifted? Is there a shortage or redundancy and by how manifold boxes? Expound why and how the consume and portion would regulate. (1 symptom)

Suppose a cyclone destroyed some banana farms in QLD and the portion of banana gifted diminishd by 50 boxes a week at each consume. Expound what would supervene to the symptomet furnish and require and how would the makeweight consume and portion regulate? Illustreprove the varys on your graph.  (3 symptoms)

Suppose a cyclone diminishd banana furnish by 50 boxes a week at each consume. But at the identical date the require for banana growthd by 50 boxes a week at each consume. Expound what would supervene to the symptomet makeweight consume and portion? Illustreprove the varys on your graph.    (3 symptoms)

 

 

Question 2 – 10 symptoms     

Price

(dollars

per confusion per space)

Quantity requireed

(no. of spaces

per confusion)

200

20

300

16

400

12

500

600

8

4

 

Part A  

A trip influence’s require register for public-house spaces is given in the consideration. 

What supervenes to completion payment of the trip influence if the consume falls from $600 to $500 per confusion per space? Is the require for public-house space buoyant, tough, or ace buoyant?  (1 symptom)

What supervenes to completion payment of the trip influence if the consume falls from $300 to $200 per confusion? Is the require for public-house space buoyant, tough, or ace buoyant?  (1 symptom)

Calculate the require buoyantity of the public-house space, when the consume falls from $400 to $350 per confusion per space and when the consume falls from $300 to $250, deferenceively.  (2 symptoms)

Part B   

When Hana’s allowance was $3,300, she bought 5kgs of rice and 2kgs of beef a month. Now her allowance is $2,200 and she buys 5.25kgs of rice and 1.3kgs of beef a month. 

Calculate Hana’s allowance buoyantity of require for beef. Illusion your vigilance. (1 symptom)

Calculate Hana’s allowance buoyantity of require for rice. Is rice recognized amiable or supplemental amiable? Illusion your vigilance.  (2 symptoms)

Suppose a deluge cuts the portion of sugar whip advancen by 6 per cent. 

If the consume buoyantity of require for sugar whip is 0.6, by how abundant achieve the consume of sugar whip mount? Illusion your vigilance. (1 symptom)

If sugar makers honor that this vary in the consume of sugar whip achieve growth the consume of sugar by 20 per cent and diminish the portion requireed for sugar by 5 per cent, what is the consume buoyantity of require for sugar? Illusion your vigilance. (1 symptom)

If coffee makers honor that, delay the vary in the consume of sugar, the portion of coffee requireed achieve diminish by 6 per cent, what is the perverse buoyantity of require for coffee delay deference to the consume of sugar? (1 symptom)

 

Question 3 – 10 symptoms     

Part A  

The consideration illusions the require and furnish registers for low-require housing.

 

Rent

(dollar per space)

Quantity

demanded

(rooms)

Quantity

supplied

(rooms)

600

2,000

1,000

650

1,750

1,250

700

1,500

1,500

750

1,250

1,750

800

1,000

2,000

 

If the synod puts a divulsion ceiling of $750 a month, what is the divulsion paid and how manifold spaces are divulsioned? Expound why? (1 symptom)

Now the synod strictly enforces a divulsion ceiling of $650 a month. How manifold spaces are divulsioned? Is the low-require housing symptomet fertile? Expound why. (1 symptom)

If the synod strictly enforces a divulsion ceiling of $650 a month, what supervenes to consumer redundancy and principle redundancy? Using the consideration instruction, delineate a diagram to expound. Also, number completion housing quest requires and deadweight detriment. Illusion your vigilance. (3 symptoms)

Part B  

The US Farm Bill 2012 indicates that the domiciliary consume of wheat achieve be oceantained at $300 per tonne, which is aloft the symptomet makeweight raze of $250 per tonne, in manage to prop for domiciliary wheat advanceers.  At the symptomet makeweight, 100 tonnes are gifted.

On a graph, illusion and expound if the consume coerce in the US creates a shortage or a redundancy in the symptomet for wheat. Assume that the US does not commerce wheat internationally. (3 symptoms)

Show on a graph and expound how the consume coerce in the US varys consumer redundancy, principle redundancy, and deadweight detriment in the domiciliary wheat symptomet. (2 symptoms)

 

Question 4 – 10 symptoms     

Part A  

Japan significances a big portion of beef. Delay no beef commerce, Japan’s makeweight consume for beef was $12 favorite per kilo tonne and makeweight portion was 60 kilo tonne. If Japan opens its beef symptomet to commerce delay no tariff, domiciliary furnish would be 30 kilo tonne and domiciliary require would be 90 kilo tonne at the universe consume of $6 favorite per kilo tonne. However, Japan currently fixs 38.5 per cent tariff reprove on all necessary beef. Delay 38.5 per cent tariff, Japan’s domiciliary furnish and domiciliary require are 45 kilo tonne and 75 kilo tonne deferenceively. Assume that seize of furnish deflexion is $4 favorite and require deflexion is $20 favorite per kilo tonne.

    

Analyse the effects of 38.5 per cent tariff reprove in Japan on the consume, domiciliary furnish and require, and beef significances in comparison delay no tariff fact. (2 symptoms)

Draw a graph to realize the areas of gains and detrimentes from the commerce delay 38.5 per cent tariff reprove delay slender exposition. Then, number the express values of vary in consumer redundancy, principle redundancy, tariff proceeds and the totality of deadweight detriment. Illusion your vigilance.   (3 symptoms)

Suppose that Japan does not fix tariff any further but instead fixs an significance quota of 30 kilo tonne. Delineate a graph to realize the areas of gains and detrimentes from the significance quota, significanceers’ advantage-service, and the deadweight detriment. Provide your exposition. (2 symptoms)

 

Part B  

  

The likeness illustrates the symptomet for tomatoes. A slender town is encircled by a big tomato farm. The tomato advanceer sprays the plants delay chemicals to coerce disorder and the chemical consume flows into the large stream latter through the town. The ultimate palpable require of the chemical consume is resembling to the ultimate retired require of conceding tomatoes.

Draw a graph that illusions ultimate gregarious require (MSC) deflexion aceedly delay the ultimate retired require (= S) and ultimate gregarious advantage (= D) deflexion.  (1 symptom)

If no one owns the large stream and the town takes no possession to coerce the consume, what is the portion of tomatoes, and the deadweight detriment created?  (1 symptom)

If the town owns the large stream and makes the tomato advanceer pay the require of soilure, how manifold tomatoes are performed? What does the advanceer pay the town per tonne of tomatoes performed?  (1 symptom)