Distinguish between positive and normative economics

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Distinguish between positive and normative economics

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What would be the likely effect of the movement from S to S1 in the market for the product? A. A decrease in the price and an increase in the quantity. B. An increase in the price and an increase in the quantity. C. A decrease in the price and a decrease in the quantity. D. An increase in the price and a decrease in the quantity.
If income is constant what make decline price of commodity x &y at the same proportion ?
Tinsel Tin Company, an Australian company, mines tin using cheap, resource-wasteful techniques in a tropical country. The effects of the mining include pollution of freshwater streams from almost their sources to the sea. The local people used to fish, hunt near, get drinking water from and swim in these streams, but now none of these things are possible. Local people now buy canned meat for protein. It is relatively cheap and tends to be very poor quality with a very high fat content. As a result, the local people are much fatter than they used to be and their health is poorer. Tinsel has supplied a fully equipped medical clinic but expects the local people to supply the staff. Discuss each of the following questions. (a) Has Tinsel contravened, in your view, its ethical responsibilities? (b) Is it possible to trade off an ethical ‘bad’ with an ethical ‘good’? (c) Has Tinsel done enough to compensate for the change they have brought about in the local people’s lives?
Suppose the market demand and supply are described by the following information: Q = 200 - 2P + 4i and Q = - 50 + 3P
The free rider problem refers to the temptation of individuals to let others provide the public goods , with relevant example show that purely individualistic mechanisms will not generate the optimal amount of a public good because of the free rider problem
Discuss the commonly used procedures for ranking investment proposals. what are the advantages and disadvantages of these techniques? (Use examples where appropriate)
given the following information Pieces of pizza total Utility marginal utility Qx TUx MUx 0 0 2 8 4 14 6 18 8 20 10 20 12 18 Required: A. Compute for MUx. Show your solution B. Based on the table , how many pieces of pizza the consumer will ,consume to maximize his satisfaction 2. Given the following information Price of burger(Pb)=P50 Price of spaghetti (Ps)= P75 MU of burger(MUb)=180 utils MU of spaghetti(MUs)= 225 utils Required: A. Compute for the consumers equilibrium B. What is the decision of the consumers ? Will he buy burger or spaghetti ? Justify your answr.
For the total cos function gives as TC=15+3Q-1.5Q2+7.5Q3-45Q4. Compute the Tfc, Tvc, Afc, Avc and Atc