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BUS702 Economics For Managers Assignment

   

Added on  2020-05-03

7 Pages870 Words132 Views
Running head: ECONOMICS FOR MANAGERSEconomics for ManagersName of the StudentName of the UniversityAuthor note
BUS702 Economics For Managers Assignment_1
ECONOMICS FOR MANAGERS 1Table of ContentsAnswer 1..........................................................................................................................................2Answer 2..........................................................................................................................................4Answer a......................................................................................................................................4Answer b......................................................................................................................................4Answer c......................................................................................................................................5Answer d......................................................................................................................................5References........................................................................................................................................6
BUS702 Economics For Managers Assignment_2
ECONOMICS FOR MANAGERS 2Answer 1Tax and subsidies are tools with which government intervenes in a free market scenario.Unhealthy food and beverages adversely affects health condition and increases healthexpenditure. In order to encourage healthy eating subsidies can be provided for foods like fruitsand vegetables. The effect of subsidy is described in diagram give below. Figure 1: Imposition of subsidy in foods and vegetables marketA subsidy reduces the effective production cost. This encourages the producers to supplymore and accordingly the supply curve shift from SS to ScSc. The price that buyers pay is P2, aprice lower than the free market price. Sellers receive a price of P1, higher than marketequilibrium. The demand for high calorie food, vegetables, and low calorie dairy product is
BUS702 Economics For Managers Assignment_3

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