Nobody downloaded yet

Individual Portfolio: Economics for Business - Assignment Example

Comments (0) Cite this document
Economics for Business: Individual Portfolio Name of the Institute Appears Here Appears Here Total Word Length: Question 1 a) Average and marginal cost, and average and marginal revenue in the given scenario is not one, rather varies according to the production level (Mankiw, 1998)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Individual Portfolio: Economics for Business
Read TextPreview

Extract of sample
"Individual Portfolio: Economics for Business"

Download file to see previous pages level at which lowest marginal cost of production is reached by the production system. That is production output of 4 units. On the other hand, average revenue and marginal revenue is a continuously decreasing figure. There is no optimum value for marginal revenue and average revenue. With respect to the given data, lowest value is reached at output level of 10 units. c) Total profit at the output level of 4 units = total revenue – total cost = $102 - $40 = $82 Total profit at the output level of 4 units = total revenue – total cost = $225 - $150 = $75 d) This firm is operating in a perfect competition. This is because the marginal revenue of the firm decreases steadily with the increase in output level (Mankiw, 1998). The firm is a price taker and it has to decrease its price to convince its customers to buy additional units of the product. Question 2 a) There were a number of economic factors which contributed to the recession of 2008-09 in the UK economy. The financial crisis of was triggered by a chain of default loans in US subprime market which lead to a crisis in financial institutions globally. This caused a fall in the stock markets and the collapse of several financial institutions. To avoid a systemic crisis, governments stepped in and save many banks which cause a crisis of public debt. Moreover, it caused a recession affecting entire Europe. Public finances were heavily used to solve this crisis (Barro, 2009). This crisis also lead to a sharp rise in oil prices and agricultural products. The exorbitant rise in prices of assets and the associated demand was seen as the consequence of a period of credit ease. With declining equity and housing prices, large banks in UK lost a lot of money and required public funds for bail out. Unemployment persisted in UK, large imbalances in current account balances remained (Mankiw, 1998). In 2008, prices of many commodities, including oil and agricultural products went quite high causing stagflation in UK and exacerbating financial crisis. b) Recovery during the financial crisis of 2008 was slowest among the three crisis. The fall in the index was greatest during the crisis and consequently recovery from the effects of recession took greatest amount of time. In fact, the index does not recover at all in the graph to levels prior to the crisis. c) UK economy didn’t perform well during the last quarter of 2011. The reason for this poor performance was the fact that stock market and financial industry didn’t gain pace after the crisis. Inflation continued to remain high, while unemployment figures didn’t improve. d) The growth predictions for UK economy for next year is hardly encouraging. Growth rate of the economy expected to be only 1%, while the unemployment rate is expected to rise further in 2012. Business activity has resumed but certainly not enough to predict a sizeable reduction in unemployment. If unemployment persists then households consume less, which could compromise a sustainable recovery of the UK economy. Question 3 a) The theory ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Individual Portfolio: Economics for Business Assignment”, n.d.)
Individual Portfolio: Economics for Business Assignment. Retrieved from
(Individual Portfolio: Economics for Business Assignment)
Individual Portfolio: Economics for Business Assignment.
“Individual Portfolio: Economics for Business Assignment”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Individual Strategic Business Planning portfolio
...?Individual Strategic Business Planning portfolio Table of Contents Executive Summary 4 Business 4 Marketing 5 Research, Design, and Development 6 Manufacturing/Operations 7 Organization 8 Critical Risks 10 Milestone Schedule 10 Appendix 10 Estimated business income 12 Financial assumptions 13 Summarised financial results 14 Anticipated returns 15 Lapses 16 Reference 18 Bibliography 21 Item 1 Executive Summary The business plan clearly outlines the type of business it plans to establish. The business involves the development and marketing of the commercial applications for the ‘impeller technology’ of an innovative fan. The reason ensuring the success of the business plan has been stated as “growing trend towards miniaturization... ” which...
16 Pages(4000 words)Essay
Economics for Business: Individual Portfolio
..., 2011). A monopolistic market structure implies that only one company or firm can produce or provide a specific product or service and that no real competition for market share exists in its market of choice. Question 2 A) What economic factors appear to have contributed the most recent (2008/09) recession in the UK economy? The 2008-2009 UK recession often referred by many individuals as the ”Global Recession” was instrumental in destabilizing the world economy as well as in the United Kingdom. This recession was the direct cause for the failure of many large financial institutions, banks and investment firms in the UK as well as a major downfall in all the major stock markets around the world....
8 Pages(2000 words)Research Paper
Business Portfolio
...? Business Portfolio Table of Contents Business Portfolio Table of Contents 2 Section Business Concept 4 Business Concept Summary: 4 Section 2: Market Analysis 6 Introduction 6 Industry/market review: 6 PEST Analysis: 8 Opportunities and Threats 13 Regulatory frame work: Message therapy 15 Ethical Issues 15 Interested stakeholders 16 Section 3- Marketing and Communication Plan and Strategy 17 Competitor analysis 17 Analysis and Evaluation of data 19 Analysis of target market 19 Key Factors affecting success of the CAM among target customers 21 Benefits sought 21 Company values 22 Positioning statement 22 Competitive advantages 22 Pricing plan and policies 23 Marketing goals and objectives 23 Marketing Strategies 24 Future plans 26... ...
22 Pages(5500 words)Essay
Individual Portfolio
...Individual Portfolio Explain the key aspects of running the business of a professional practice The practice of architecture consists of providingprofessional services in the areas of town planning, building design, and construction of other special structures like parking lots, works of conservation, restoration, or alteration of a building or group of buildings. These professional services also include planning and land-use planning, urban design, provision of preliminary studies, designs, models, drawings, specifications and technical documentation. Other areas of professional service comprises of coordination of technical documentation prepared by other consultants as appropriate and...
16 Pages(4000 words)Personal Statement
IB economics internal assessment portfolio
...Economic growth is the increase in the real GDP per capita over a period of time. It can be shown by an outward shift of the production possibility curve. The production possibility curve shows the combination of two goods that a country can produce using all of its resources in the most efficient way. Economic growth will increase the amount of goods and services that a country can potentially produce. To do this, the quantity or quality of factors of production must be increased. China has registered an unprecedented growth in the GDP. Over the last twenty five years, the country's economy grew at an average of 9.6%. However, the proportion of investment to GDP remains relatively unchanged, during the period of higher economic... of...
3 Pages(750 words)Essay
Economics Portfolio, Microeconomics, EXTERNALITIES
... as a whole would be better off if the goods between Qp and Qs had not been produced. (Externality) There is an overt disconnect between the social costs and the marginal costs. This disconnect and the resulting social and economic costs are not resolved by the practice of free market and free enterprises. Some ideas for countering the negative externalities generated by the gum industry were discussed in the article source. The ideas originated out of the `Chewing Gum Action Group. (See article source) This group which is backed by the government, consists of members of the city council as well as members of the chewing gum industry. Preventative measures call for the inception of penal fines against individual offenders... in the...
4 Pages(1000 words)Essay
Economic Portfolio - Development economics
...need to build a decent life. Through microcredit, donors can become true partners in progress with the people of the developing world. More Information This is an edited extract from A Billion Bootstraps: Microcredit, Barefoot Banking and the Business Solution for Ending Poverty, by Phil Smith and Eric Thurman. ECONOMICS PORTFOLIO Consumers, consumption expenditure in the economy, GDP/GNP, the standard of living and the expansion of the economy Source article: “Where credit’s due”, SUMMARY This article discusses ‘micro-credit’ facilities and their impact on consumers and the economy in developing countries. It is discussed that micro-credit facility may be the...
4 Pages(1000 words)Essay
Micro economics individual project
...Historical Perspective US faced one of the most critical recessions of modern history and is also currently going through economic slow down. Due to the credit crunch which emerged in late 2007, not only the financial sector of the country suffered but also other sectors most notably the auto industry of the country suffered a lot. In order to help the auto industry to withstand the challenge and save it from complete collapse, government intervened and provided equity funding to large auto makers in the country. This article is about the role of government in intervening the free market to help organizations to overcome recessionary periods besides keeping demand and supply dynamics in equilibrium. Why this article is...
2 Pages(500 words)Essay
Individual portfolio- pebble
...Individual Portfolio INDIVIDUAL PORTFOLIO Management Restaurant Team Teams establish management responsibilities for the entire period of the event from planning to execution based on their strengths and capabilities (Davis et al. 2013, p. 32). The team managers, Leanne Smith and Ashley Kucherera, will oversee the themed event and apportion responsibility to other members. The beverage manager, Thelma Gambrah, will be tasked with allocating roles to beverage team members, ensuring correct guest service by team members, overseeing Pimms table, and handling beverage complaints from guests. The food manager was Katherine Paul with responsibility for allocation of duties to...
3 Pages(750 words)Essay
Individual Portfolio
...model of brand extension: Taxonomic feature-based and thematic relation-based similarity independently drive brand extension evaluation." Journal of Consumer Psychology (2012): 86-101. Fida, syed and Hussain Shah. "International Brand Analysis of NIKE, ADIDAS AND PUMA: A Decade of Glory." INTERNATIONAL JOURNAL OF BUSINESS AND ECONOMIC RESEARCH 1.1 (2013): 60-70. Group, Adidas. Pushing Boundaries, Adidas Annual Group Report 2012. Print . New York: Adidas, 2012. Motion, Judy, Shirley Leitch and Roderick J. Brodie. "Equity in corporate co-branding: The case of Adidas and the All Blacks." European Journal of Marketing 37.7/8 (2003): 1080-1094. Keller K.L (1993), Conceptualizing Measuring and Managing...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Assignment on topic Individual Portfolio: Economics for Business for FREE!
Contact Us