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Tuesday, January 23, 2018
Status Open
Question Title Production with two outputs
Question Description
THE CASE

“MJ Enterprise” is a private limited company established in 2001 and started its business by producing televisions. After five years of manufacturing, company manager decided to produce more products rather than to specialize in one product. So in 2005 the company started to manufacture other home appliances like split air conditioners, microwave oven as well and involved in joint production.

REQUIREMENT

Keeping in view the above scenario, identify which concept of economics has been applied to “MJ Enterprise”? Also explain briefly the advantages for the company “MJ Enterprises” after involving in joint production?

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Replies to This Discussion

GDB already existing 

Where?? Plz tell me answer 

I think Oligopoly or Cartel market structure domestic oil companies is operating If domestic oil prices continue to rise in future then it will be impact on cost of basic necessities of life in the country is that The cost of food rises as well, partly because oil is used in many ways in growing and transporting food and partly because of the competition from bio fuels for land, sending land prices up. The cost of shipping goods of all types rises, since oil is used in nearly all methods of transports. The cost of materials that are made from oil, such as asphalt and chemical products, also rises If the cost of oil rises, it tends to raise the cost of other fossil fuels. The cost of natural gas extraction tends to rises, since oil is used in natural gas drilling and in transporting water for frocking. Because of an over-supply of natural gas in the country, its sales price is temporarily less than the cost of production. This is not a sustainable situation. Higher oil costs also tend to raise the cost of transporting coal to the destination where it is used.

 

Note : write in ur own words don’t copy past I m not responsible incase of zero marks

answer please

No one is telling answers 

Laraib what are your subjects 

eco402

I think Oligopoly or Cartel market structure domestic oil companies is operating If domestic oil prices continue to rise in future then it will be impact on cost of basic necessities of life in the country is that The cost of food rises as well, partly because oil is used in many ways in growing and transporting food and partly because of the competition from bio fuels for land, sending land prices up. The cost of shipping goods of all types rises, since oil is used in nearly all methods of transports. The cost of materials that are made from oil, such as asphalt and chemical products, also rises If the cost of oil rises, it tends to raise the cost of other fossil fuels. The cost of natural gas extraction tends to rises, since oil is used in natural gas drilling and in transporting water for frocking. Because of an over-supply of natural gas in the country, its sales price is temporarily less than the cost of production. This is not a sustainable situation. Higher oil costs also tend to raise the cost of transporting coal to the destination where it is used.

 

Note : write in ur own words don’t copy past I m not responsible incase of zero marks

This the answer for eco401 GDB I'm asking fir 402

 Mrs. Rashid tu ECO402 k group ma start karo discussion.

http://vustudents.ning.com/group/eco402microeconomics

Requirement:Requirement:Market Structure : Oligopoly or CartelHow Oil Prices Affect Cost of Basic Necessities of Humans. Now-a-days basic necessities of humans, in Pakistan and all over the world are mostly linked with transportation, either one or the other way. Humans need lot many consumer goods on daily basis to fulfil their humanly requirements which they have to gather from various places. Effects on Agriculture. Majority of our society, living in rural areas is absolutely dependent upon agricultural sources of living and income. To get better production from agriculture, the role of modern machinery, mostly driven by fuel and petroleum is of paramount importance. Increase in oil prices will affect this sector as well. Work Places. If the oil prices go high then driving to work places will become even more expensive and stressful. This will cause anxiety to workers about keeping their job and maybe thinking about other easy options.Clothing. All textile mills and looms are working on petroleum, for making the refined stuff for people’s wearing. If the cost of oil goes high, it will definitely rise the prices of clothing which will be troublesome for the consumers to afford while living in meagre and scanty resources.Impact of Oil Price on Food Items Prices. It goes without saying that our food system is highly fuel and transport-dependent. Extraordinary fuel rates are making our highly fuel-dependent production system, less protected and food itself less affordable. Our production units use oil products to provide energy to farm-machinery and transport the efforts to farms and conveyance of farm production to consumers. 

This the answer for eco401 GDB I'm asking fir 402

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