The demand for salt is generally regarded as price inelastic. Which ONE of the following factors would not contribute to making demand for salt price inelastic?

In the short run average variable costs may fall as output rises. Which ONE of the following is a cause of this?

Which ONE of the following is NOT an Internal stakeholder?

If the demand curve for good A is negatively sloped, a fall in the price of a substitute good B results in

The principal - agent problem is most likely to occur

The average price of recorded music CDs has been declining for several years. Which of the following changes in market conditions would NOT be a cause of this?

Which of the following are examples of long run internal economies of scale?

i. Mass production using robot machine tool technology

ii. Obtaining lower prices when buying raw materials in bulk

iii. Long run technical change in the industry

iv. The emergence of specialized training institutions for the industry

v. Lower borrowing costs for large firms

vi. The spreading of fixed costs over a larger output

Which THREE of the following can be used to reduce the principal-agent problem in business organisations?

Based on the past twenty months, an event decorating company develops a trend equation for forecasting sales revenue (y) where y = 4.38 + 1.32x.

If month 21 has a seasonal factor of times 1.07, then what is the forecast for the month, using a multiplicative model? Give your answer to two decima places.

Country A ' s tax system is one where every citizen pays tax on earned income over S12,000 per year. The amount of tax paid as a percentage of income rises as individuals income levels rise.

Which of the following describes the nature of the tax paid by individuals in Country A?