Economic

/in /by

 

 

 

 

Question# 1

Choose a well-known company that trades in Saudi Arabia and do a Web search to find out how well it has performed in recent years and how it has been influenced by various aspects of its business environment. (minimum of 500 words)

 

 

 

 

 

Question# 2

Suppose that a Ulcer Patient and Flu patient have the following demand for Drug CCC.

Price (SAR) Qd-Ulcer Patient Qd- Flu Patient
350 1900 500
400 1800 200
  1. As the price of the Drug CCC rises from SAR350 to SAR400, what is the price elasticity of demand for
  2. Ulcer patient (Show your workings)

 

 

 

 

 

 

 

  1. Flu patient (Show your workings)

 

 

 

 

 

  1. Why might Ulcer patients have different elasticity than Flu patients?

 

 

Question 3:

 

 

  1. A) Select a company in Saudi Arabia and describes the nature and characteristics of the market structure of such company, and what the company can do to improve itself among its competitors (Maximum of 500 words)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. B) Given the demand and the cost curves below:

 

QD = 1000 – 2P

TC = 5,000 + 50Q

 

  1. Calculate the monopolist’s profit-maximizing quantity and price if the above is for a monopolist.
  2. Calculate the monopolist’s profit.

iii. Calculate the  perfectly competitive firm’s quantity and price if the above is for a perfectly competitive firm

  1. Determine the perfectly competitive firm’s profit
  2. Compare the price, output and profit of both monopolist and perfectly competitive firm, and state your views

 

 

 

 

 

 

 

 

 

Question 4:

Consider the following EVIEWS output for monthly data from 1990 to 2008 on US petrol consumption, prices, income etc.

The variables are defined as

LPETCONS_G                       = Natural Log Petrol Consumption per head (Gallons)

LRPETPRICE                                   = Natural Log Real Average Monthly Petrol Price Per Gallon

LRINCOME                           = Natural Log Real Monthly US Income per head

D_SPRING – Dummy= 1      when month = March, April, May , (0 otherwise)

D_SUMMER – Dummy= 1    when month = June, July, August, (0 otherwise)

D_AUTUMN – Dummy= 1    when month = September, October, November, (0 otherwise)

 

  1. Carefully interpret and discuss the Eviews regression output and regression model of the petrol consumption?
  2. You should also state your opinion as an analyst of the company producing or selling petrol

 

 

 

 

 

 

 

 

Question# 5

Obtain the following information relating to Saudi Arabia, and properly put the source of your information

  • GDP classification of Saudi Arabia according to Economic activities between 2010 to 2018 (in local currency SAR or USD $)
  • Annual growth rate of GDP by kind of economic activities/sectoral contribution in Saudi Arabia (i.e % growth rate of each sector in GDP)
  • Use the information above to decide two sectors/industries you would likely to invest in Saudi Arabia if you are a business man apart from crude oil mining and refining. Explain your reason(s) and support your results with some business environment knowledge, market demand analysis and any other knowledge you have acquired during your MBA program.

 

 

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!":

Get started