Group items tagged

Example of a real life monopoly 

Total cost > total revenue 

Panasonic (oligopolistic firm) is considering to cut workers due to recession, so microeconomics on oligopoly with the x-axis with quantity and y-axis with price can be made.

In the end, is it possible to find a way to NOT cut workers?

In your IA maybe you could add a simple note saying how long the recession has been going on.

I assume this section is saying that they are trying to reduce costs of production and increase efficiency. However, in most cases if a firm tries to lower the price they would lose customers due to price war between other firms that produce homogenous goods so it would be risky to change prices when its oligopoly. Although, their main aim is to recover its business so they are trying to cut many workers, reduce costs and increase efficiency.

Brings marginal cost shift inwards and by that also the average cost shift inwards as well 

Slush in labours at Panasonic Corps in Osaka 

can relate to economies of scale = lack of communication is resolved

example of substitute good = XED 

PED will alter

exports decrease 

A minimum price has been set for maize at 1,300,000 Zambia kwacha ($244.40 US dollars) for 1,000 kg.  A micro: minimum diagram can be made.

Maize is a good, which has many complimentary goods, because it is a staple food in many recipes.  This can be shown in a cross price elasticity diagram.

It is also a substitute good. Though carbs of some kind are a necessity, people could by wheat or rice or millet instead. You could consider looking at prices of substitute goods.

There is high demand for maize, so this good is inelastic and therefore it is smart to place a floor price on this good, since price will increase with little change to the demand.

This is also a subsidy. You could draw a subsidy micoeconomics graph for this.

The economic growth in India has slowed down as the figures show for the first quarter of this year as it only expanded by 5.3%. There could be different reasons for this.

Decrease in the supply of cars in Japan

As largest car maker in the world, this will impact the market for cars. Increase of price due to less quantity

Statistics of a decrease in supply

A supply and demand diagram showing how the loss of subsidy should affect price

 Ethanol is a substitute good of oil. High price of oil thus make ethanol relatively cheap (Calculate XED if with sufficient data)

tax credit is "sum deducted from the total amount a taxpayer owes to"  

Increase in price of FoP

decrease in demand