MCR001 Economics TRIMESTER 2 2020 FINAL EXAMINATION Universal Business School Sydney
There are four compulsory questions – you are required to answer all four.
Question 1 (15 marks)
Question 2 (15 marks)
Let the demand for some item is represented as D = 30 – 2p + 0.04 Y + 4 s where D is the quantity demanded in units a year, p is the price of the item in dollars per unit, Y is the buyer’s income in thousands of dollars a year, and s is the value of another factor such as preference.
Question 3 (15 marks)
A business you are working for faces the following internal business scenario:
Q (identified as point D in the above table)? (2marks)
Q (identified as point E in the above table)? (2marks)
Q (identified as point F in the above table)? (2marks)
Question 4 (15 marks)
The coronavirus pandemic is leading to several management challenges in all echelons of the economic environment. These challenges are further compounded depending on the extent of the openness of the economy.
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