A director becomes redundant as the result of a company merger. His salary was $80 000. He is entitled to an annual private pension of $30 000. In his first year after redundancy he earns $40 000 in consultancy fees and saves $8000 by dismissing his gardener. What is the resulting change in measured national income in the first year?

A country's real national income per head increases. What could explain why this might be accompanied by a fall in ho…

Which cause of economic growth would involve the least cost for present and future generations of a country's populat…

An aggregate demand curve slopes downwards from left to right. One reason for this is that a reduction in the average…

To maximise total revenue, up to which point should a monopolist increase output?

A firm is operating in perfect competition. What will be the effect on the firm's revenue if it increases its output …

A firm successfully engages in a policy of predatory pricing. What will happen to the prices charged by the firm in t…