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| i'll be available tomorrow sunday 15/6 after 1.30 pm in a church in TST
those who wish to pass econ but feeling difficult in revising should come to see me
be prepared, that means bring your notes and prepare well your questions
if you should come then phone me 97731647
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| Assignment 11 (ch. 11)
2003
9. Deflation has occurred
in Hong Kong since 1998.
(b) Firm A is a local manufacturer in Hong Kong
producing goods for export only.
ii.
Suppose Firm A establishes retail shops to
sell its products in Hong Kong.
Explain what type of
expansion this is and suggest TWO possible motives for such a type of expansion. (6 marks)
Assignment 12 (ch.12)
05 Q3(b)
To what type of market structure does the telecommunication industry of Hong Kong belong? State THREE features of this type of market structure. (4 marks)
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| 2004 9. (c) A first registration tax is imposed on cars and the tax is collected from car sellers. Suppose the total tax burden of car sellers is greater than that of the buyers. (i) State the condition that leads to this sharing of the tax burden. Illustrate the situation with a diagram. (ii) Using the same diagram, show car sellers' total sales revenue net of the tax. (8 marks) | | |
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2002
2.
Suppose the
Organization of Petroleum Exporting Countries cuts its oil production. At the
same time, the demand for automobiles decreases.
With the aid of a diagram, explain under what condition the price of gasoline
would increase. (7
marks)
2005
9.
The Western Harbour Crossing (俗稱西隧)has no traffic congestion
problem. In July 2004, its tolls increased
(except for taxis).
(a)
With the aid of a diagram,
explain under what condition an increase in tolls would increase the sales
revenue of the tunnel company. (6
marks)
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| S4 Assignment 6 2004 11. (c) A famous chain of fashion stores opens a new branch. (i) Explain TWO economies of scale that the chain stores might enjoy due to the expansion. (4 marks) | | |
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