Construct an edge worth box diagram and show how production, efficiency and equilibrium is achieved in an economy.

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Construct an edge worth box diagram and show how production,
efficiency and

equilibrium is achieved in an
economy.

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The current coronavirus pandemic has affected global economic growth and we in the Pacific are no exceptions. We have experienced loss of income due to loss of jobs, premature deaths, poor health services, workplace absenteeism, and reduction in productivity and has created a negative supply shock, with manufacturing productive activity slowing down due to global supply chain disruptions and closures of factories. Device an economic package that could help address the problems highlighted above in your own country. Your chosen policy must work specifically for your own country.
Explain whether the volatility in the demand for potatoes constitutes a change in demand or a change in the quantity demanded. Thereafter, use a graph to explain the difference between a change in demand and a change in quantity demanded.
Consider an economy that is open to foreign trade and described by the following model: C = 200 + 0.65Y I = 350 G = 500 X = 250 Z = 300 t = 15% m = 20% Yf = 2 000. Where: C = consumption I = investment G = government spending t = tax rate X = exports Z = imports M = marginal propensity to import Yf = full employment income Y = income. 1.1 Calculate the multiplier of the economy. (3) 1.2 Calculate the total autonomous spending. (2) 1.3 Calculate the equilibrium income for this economy. (3) 1.4 Calculate the amount of government spending required to reach full employment level of income. (4) 1.5 Based on the value of net exports, what conclusions can be made about the economy in question? (5) 1.6 Briefly explain the effect of an increase in the tax rate on the multiplier.
If the multiplier is 4, a R40 billion increase in net exports will?
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Which one of the following conditions indicates that a firm is operating in a perfect competitive industry rether than a monopolistic industry? A. The cost curve of the firm are u-shaped B. The marginal cost curves Cuts the avarage cost curve at its minimum point C. Output of the firm is where marginal revenue equals marginal cost D. Marginal revenue equals avarage revenue
factors which influences determination of prices under monopoly
Suppose that , firm under perfectly competition market produce two commodities X1 and X2 with corresponding prices birr 10 and birr 15 . If cost function of the firm is C= 2x12 +x1x2+2x22 where x1 and x2 denote the level of output, then, determine the following questions. i. Profit maximizing level of output x1 and x2