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Homework answers / question archive / 1)Calculate the Rate of Return on Assets for an operation with the following information Net Farm Income from Operations: $80,000 Interest Expense: $5,000 Opportunity Cost of Labor and Management: $20,000 Beginning Asset Value: $110,000 Ending Asset Value: $90,000 2) Based on the formulas for the supply and demand curves below solve for the market equilibrium quantity (Q)
1)Calculate the Rate of Return on Assets for an operation with the following information
2)
Based on the formulas for the supply and demand curves below solve for the market equilibrium quantity (Q).
Supply curve: P = 2Q + 5
Demand curve: P = -3Q + 40
3)MICROECONOMIC
- Write a brief statement. Be as specific or as general as you'd like. Include in your statement a sentence or two about what pluralism means and your thoughts on studying economics in a pluralistic fashion.
What you say in your statement is fairly open; however, your responses will be evaluated according to the following criteria.
Responding to the specific prompts above (that is, what you hope to learn, what pluralism means, and how you think a pluralistic approach will affect your study of economics)
1)Rate of Return on Assets (ROA) = 
First, lets calculate Average Total Assets
1. As we know, we know
Beggining Asset Value - 1,10,000
Ending Asset Value - 90,000
Average Total Assets = Begininning Asset Value + Ending Asset Value / 2
Hence, Average Total Assets = 
= 100000
Now, lets calculate Net Income
Net Income - 80,000
But we have Interest Expenses and Opportunity cost of labour and management also which needs to deducted from the Net Income
Net Income = 80,000 - (5000 + 20000) = 55000
Now, as we have both the values, lets apply ROA Formula.
ROA = 55000 / 100000 = .55%
2)Please use this google drive link to download the answer file.
https://drive.google.com/file/d/1j973R4Om2lPpwLoGHO5B8jo990Lfj4aG/view?usp=sharing
Note: If you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process.
https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link
3)
Pluralism is defined as "a system wherein there are two or more states, which coexist and work with each other". It is defined as a state where there is no logic which is perfectly correct, and that there are several more viewpoints which are taken into consideration while assessing a viewpoint.
I would study economics in a pluralistic fashion by studying the classical, neo-classical, liberal concepts, etc. And I would approach all of them objectively, being correct in their own right and what they stood for in making out the basics and understanding of economics. I hope to learn the different viewpoints held by several prominent economists such as Keynes and Hayek. In assessing why each of them thought in a certain way and why the other thought the markets should function in a different way.
Via a pluralistic approach, I will be able to study economics with more openness and will learn all the important aspects which I find are important from an economic standpoint. Taking the theories and understanding the crux of the issue, with limited focus on the limitations as each theory will have some. This approach will make it more interesting and valuable to study economics so that with the help of each theory one is able to improve the societal well being in the end.
