1.Supply: p=5q^2 Demand= 4800-q^2/3. Professor said this had multiple steps. I know you set Supply=Demand to get equilibrium but how do you solve for X and then after how do you find the consumers and producers surplus?

2.Why do barriers exist in product markets. Explain

3.If total cost increases from $50 to $90 as output increases from 20 to 25 units, what is the marginal cost of the twenty fifth unit of output?

4.explain the three motives put forward by John Maynard Keynes for holding assets in the form of cash.

5.Explain, with the aid of a diagram, the Circular Flow of Income for an open economy.

6.What is economic growth

7.Discuss economic benefits to rural communities of balanced regional development.

8. Discuss the economic effects of emigration on the Irish economy.

9. Do you consider the CPI an accurate measure of changes in the cost of living?

10.Peter, who is currently working in a job paying him $50000 a year, is considering opening his own clothing store. To do so, he would have to quit his current job and take over a store building that he owns and currently rents to his friend for $8000 a year. His expenses at the clothing store would be $45000 for merchandise, $2500 for taxes, and $3000 for gas and electricity. What is the total amount of his explicit costs?

Consider Peter described in question above. In addition to using his own building, he also invested $20000 in the store by withdrawing money from a savings account which was earning 5 percent interest. This year's total revenue from the new business was $100000. What was Peter's total accounting profit?