Traffic congestion is a serious problem in Central. There are some solutions:1. Introducing an electronic road pricing system 2. Encouraging people to work at home3. Banning all private cars from entering Centrala . Is traffic congestion about for whom to produce?b. Which solution is by customs and traditions?c. Give ONE Good and BAD for each of the three proposed solutions. China has a large farming population, yet it also imports food from other countries. Many farmers have changed their occupation to become factory workers. They produce manufactured products for export.
Use the concept of opportunity cost, exchange and specialization to explain the above phenomenon.4. AC=AFC+AVC (average cost is=the sum of average fixed cost and marginal variable cost) Is it correct?5 . MC=MFC+MVC Is it correct?6. Explain whether the statement is correctI. A short run is followed by a long run and a long run is also followed by a short run.II. Why principal is more geo. mobile (contrast with secretary of school)?III. Domestic helpers provide service , is it a consumer good or producer good?
本人就快考試 臨考前有幾條econ問題唔識 希望大家可以幫幫手..答時有examples解釋下..同埋唔識既唔好亂答!! 十萬感激~~