1. Orient Ghana Ltd is one of the major manufacturers of local textiles in Ghana. Suppose the government of Ghana totally bans the importations of foreign textiles and extends the Friday wear policy to all working days. Also suppose that Orient Ghana Ltd discovers the state-of-the-art technology that eases the production of local textiles. With the aid of appropriate diagram(s), explain the effect of these events on the equilibrium price and quantity of Orient local textiles. [7 Marks]

2. Considering a Computer and a Microsoft Surface Laptop, which of these two will have more own-price elastic demand? Explain your answer. [3 Marks]

3. One of the biggest causes of juvenile delinquency is the high rate of unemployment among tertiary students. The low wages offered by employers has given fewer teenagers the incentive to find long vacation jobs. Instead of working throughout the long vac, today’s teenagers slack off and cause trouble. To address this problem, the government has proposed to increase the minimum wage by 20 cedis a day. This will give teens the proper incentive to find meaningful employment when they are not in school. Will this policy

Yield the intended outcome? Explain.

What conference was held in July, 1945, that set up the post-war tensions between the United States and Soviet Union?

A. Potsdam

C. London

B. Paris

D. Munich

Match the West African society to one historical detail below. 

1) You run a small company that provides regular pool service to customers in East Dallas. Like your competitors in the pool service business, you provide pool service 4 times per month but invoice customers for service on a monthly basis. When you raised the monthly price of pool service from $125 to $140, you lost 28 customers, leaving you with 90 pools to service. You believe that your demand curve has constant elasticity and has not shifted since you started your business. 

1. Estimate your elasticity of demand?

1. Given the cost of pool chemicals, gas, wear and tear on your truck and your time, you believe that the marginal cost of servicing an additional pool in East Dallas is $75 per month. What can you say about your optimal price? Was it a good idea to increase your price? 

Over time, you realize that half of your 90 customers appear to be more price sensitive than the other half. You know that your customers communicate with each other and would be unhappy knowing that they are paying different prices for the same service. However, in talking with your price sensitive customers, it is clear that they would consider paying for less frequent service if the price were right. In fact, your less price sensitive customers would be willing to pay $190 per month for the current (4 times per month) service and $150 per month for reduced service (3 times per month). The more price sensitive customers are only willing to pay the current price of $145 per month for the current (4 times per month) service, but would be willing to pay $120 per month for reduced (3 times per month) service. The marginal cost of current (4 times per month) service remains $75 per month, while the marginal cost of the reduced (3 x per month) service package is $60 per month. 

1. What type of price discrimination are you considering engaging in? Explain your answer. 
2. What is your incentive constraint?
3. What is your optimal pricing strategy and resulting profits? Be sure to prove your answer

Question 1
 Solex Ghana Ltd produces the Solex fruit juice. The firm’s supply function can be specified as 𝑄𝑠 = 120 + 12𝑃 − 3𝑃 + 10𝐸 and the estimated market demand for the juice is 𝑄𝑑 = 210 −
𝑥𝑥𝑖𝑝 𝑥
8𝑃 +4𝑃 −10𝑃 +0.02𝐼+0.1𝐴. 𝑥𝑦𝑧
Where:
𝑄𝑠 and 𝑄𝑑 the quantities supplied and demanded of Solex fruit juice respectively,
Px is the price of Solex fruit juice,
Pi is the cost per unit of the input used in producing Solex fruit juice and
Py and Pz are the prices of good Y and Z which are related goods to Solex fruit juice Ep is the supplier’s expectation about future prices.
I represent income and
A represent amount of advertisement spent on Solex fruit juice
Suppose input cost is GH₵ 100 per unit, supplier’s expectation about future price is GH₵ 20, the unit price of both goods Y and Z is GH₵ 10 and the company spends GHs 500 on advertisement with consumer’s income being GHs 1000.
a) Derive new equations for quantity demanded and quantity supplied as a function of only
𝑥𝑥
the price of Solex fruit juice.
b) Determine the equilibrium price and quantity for Solex fruit juice.
c) Sketch your results under (b)
d) Compute appropriate value(s) to determine the type of goods Y and Z are to Solex fruit
juice. 
e) Compute an appropriate value and explain whether Solex fruit juice is a normal or inferior
product.

1. Question 
   a. Orient Ghana Ltd is one of the major manufacturers of local textiles in Ghana. Suppose the government of Ghana totally bans the importations of foreign textiles and extends the Friday wear policy to all working days. Also suppose that Orient Ghana Ltd discovers the state-of-the-art technology that eases the production of local textiles. With the aid of appropriate diagram(s), explain the effect of these events on the equilibrium price and quantity of Orient local textiles. 
   
   b. Considering a Computer and a Microsoft Surface Laptop, which of these two will have more own-price elastic demand? Explain your answer. 
   
   c. One of the biggest causes of juvenile delinquency is the high rate of unemployment among tertiary students. The low wages offered by employers has given fewer teenagers the incentive to find long vacation jobs. Instead of working throughout the long vac, today’s teenagers slack off and cause trouble. To address this problem, the government has proposed to increase the minimum wage by 20 cedis a day. This will give teens the proper incentive to find meaningful employment when they are not in school. Will this policy
   yield the intended outcome? 

What is the correct order to describe enzymes and proteins involved in DNA replication starting from initiation? (Primase, ligase, DNA-polymerase , single strand binding proteins , helicase and RNase H)? 

Q.1: A fruit seller had some apples. He sells 40% apples and still has 420 apples. What is the total number of apples he had originally?

Using PHP and HTML write this code

• Choose a product to sell on your website. (You cannot choose TV, as TV is the example product)
• You are building an online store to sell your choice of product. (In the screenshot examples, the product is: TVs.) In its simplest form, it looks like this:

• The client must be able to choose a product from at least 3 categories. See the Inventory structure below for more details.
• A person may buy 1 or more products (in a particular category) at the same time. If the person wants to buy a product from another category, they will have to checkout separately. Ie. When calculating the total price, you only need to add the prices for products checked off in the current category.
• The website should display the total price after the user presses "Checkout"

 

Online store's inventory

• Choose at least 3 product categories for your product
  • (In the screenshot examples, the three product categories chosen were "Samsung", "LG", and "Sony", but you cannot choose these)
• Choose at least 3 product items for each category, each with a price
  • (In the screenshot examples, the 3 items for the category "Samsung" are "Neo" at $\$ 4000.23$, "OLED" at $\$ 2300.23$ and "Crystal" at $\$ 1599.23$, but you cannot choose these.)
  • The items for each category should be different.

Therefore, there should be at least 9 product items in total.

Add a heading called "Your Shop Name", replacing it with a shop name of your choice

- Add a drop down menu with the 3 (or more) product categories as the options. The drop down menu must be within a form. You must use a loop (any loop of your choice) to do this. Use the GET method to send the category to your script once the

Checkout button has been pressed.

 

 

- Validate the category selection to make sure that the selected category:

  a. ... was sent to your script

  b. ... and matches one of the categories stored in the original associative array

- If the category is valid:

  a. Based on the category chosen, print out all the associated product items and prices as checkboxes.

• - Use the GET method to send the price (of each item "checked" by the user) to your script. You must use a loop (any loop of your choice) to do this.
• - Make sure to format the price to 2 decimal places.

 

 

9.         If the price has been sent:

    Add up together the prices of all the items "checked" in the current category. You must use a loop (any loop of your choice) to do this.

10.     - Add a heading called "Total: ______ " and (instead of the blank) print out the total prices you calculated above.

 

Case 1: Only 1 Item Checked out

 

 

Unit 1: Current Issues Discussion: Exploring Globalization: How will Covid 19 impact globalization?