Topic: LETTER OF SUPORT Custom Essay Paper Assistance

Topic: LETTER OF SUPORT Custom Essay Paper Assistance

Order DescriptionBanana growers are backRourke Walsh April 24, 2014, 7:34 am The Western Australian Craig Dobson with a bunch of his Ord Valley bananas. For the first time in a decade, Kimberley Produce is harvesting bananas again. The Ord Valley growers previously had as many as 50ha of the popular lunchbox fruit but gave them up in 2004 after bad weather played havoc with their crop. Owner Craig Dobson said that turned out to be a costly decision when a cyclone wiped out a large portion of the Queensland crop soon after. In 2004 we had a series of storm events that made bananas non-viable at the timeso we ended up pushing all our trees over about a week before a big cyclone hitQueensland,  he said. We missed out on a lucrative year that year but you can t predict those things andyou can t dwell on that. We ve got about 15ha in the ground and we are planting another three of fourhectares by the end of the year.  Mr Dobson said Kimberley Produce would pick 1000 bunches a week in peak season, which equated to about 1500 boxes. When bananas are good they re brilliant, but when they are bad they re terrible, he said. They are a good crop for the Ord and we see it as a good addition to our cropping mix. We currently have grapefruit, mangos, pawpaws and now bananas.  Mr Dobson said the first banana trees were planted around the time of the Kununurra Agricultural Show last July and they would likely give second generation fruit by the end of the year. We will pick now for about 15 or 16 weeks and that will see all of the parent bunches harvested and then there will be a slight lull in harvest while we wait for the return bunches,  he said. When you harvest the parent bunch you cut the parent tree off and you leave twofollowers and each of them has a bunch.  Mr Dobson said heavy rain and flooding in February had set a small portion of theplantation back a few weeks but everything was now back on track. We did have a bit of water lying around for three to four weeks and what we sawthere was that part of the plantation had its growth stopped while the water wasaround,  he said. Once the ground dried out they resumed normal growth.  Mr Dobson said most of their fruit were extra-large or extra-extra-large, with Ordbananas usually bigger than the rest of WA because of the climate. He said in coming years they would increase banana production to 30ha. At one time there were more than 30 banana growers on the Ord, now there are only three. https://au.news.yahoo.com/thewest/a/22850772/banana-growers-are-back/ INSTRUCTIONS:Read the article titled Banana growers are back  (Source: The Western Australian,Date: Feb 24, 2014) and provide the analysis for the following statements in 4different sections.Questions1. Assuming bananas are sold in a purely competitive market, use a well labelled demand and supply diagram model to explain how market equilibrium price and quantity for bananas are determined. Clearly explain the equilibrating process.(4 marks) 2. Use demand and supply model to describe the impact on equilibrium quantity and price in the market for bananas, ceteris paribus, stemming from bad weather back in 2004. Explain the equilibrating process. Also describe this impact on the price of related goods?(7 marks) 3. Discuss the determinants of the price elasticity of demand for bananas, and explain whether you believe the demand for bananas is elastic or inelastic. Based on your discussion of elasticity, illustrate and analyse the effect on total consumer expenditure in banana market immediately following the impact of the 2004 cyclone.(6 marks) 4. Use demand and supply model to illustrate and explain the effect of recent developments in the banana market since the 2004 events? Clearly explain the equilibrating process to answer the question.(5 marks) Need to number each question and provide an immediate answer rather than including and intro and conclusion.Need a graph for each question. You can illustrate the graph using Microsoft Powerpoint


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