Managerial Economics Equilibrium in the Market for Money assignment

Assignment Task 

Section I.

1. Explain how by reducing the supply of money, the central banks can move the equilibrium in the market for money. Use demand and supply charts to explain. 
2. The Fisho company produces tuna Fixed costs are $1000 to run the business. Fill in for fixed cost (FC), total cost (TC), average variable cost (AVC), average total cost (ATC), marginal cost (MC), round at 1 decimal place.

At which quantity level is the efficient production achieved?

Assume that Marginal Revenue is equal to 1700, in this case is maximization of profit consistent with the efficient production point? What can we conclude about the profit there?

1. Calculate the following elasticities: Price: $100 increases to $110

Quantity supplied: 100 increases to 120. Explain the category of elasticity of this good.

Price: $1 increase to $5

Quantity demanded: remains at 1000.

Explain the category of elasticity of this good.

Price: $1 increase to $1.20

Quantity demanded: 200 decreases to 180. Explain the category of elasticity of this good.

1. Using the concept of elasticity, explain how an increase in the price of Korean cars could boost the sales of Japanese cars. (10 marks)

Section II.

1. Study the nurses' strike in Show how the strikers' demands for pay and compensation can be explained by the demand and supply in the country.

Answer this question like an essay with an introduction and a conclusion and 2/3 sections in between. Use 10 unique professional/academic references.

Tips: Include charts with data to illustrate your answer and present the salary data and compare with other similar countries.

Explain the comparative advantage concept in the case of 2 countries of your choice. Tips: Introduction and conclusion are not needed but you select two countries with important trade relationships

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