Economics of Enterprise Answers

Discuss whether the quality of products is likely to be higher in a monopoly or in a perfectly competitive market

Basic Human Needs are _________ While Human wants are ____________

Is awareness to the socio-economical factors helpful in establishing your
business?

What is the significance of considering the socioeconomic impact of a firm
in evaluating its business viability?

Explain why sourcing raw materials from abroad have a limited impact on
the domestic economy?

What are the positive contributions of the firm in paying the correct amount
of taxes due to the government?

How to become a successful entrepreneur someday?

AS-shocks and AD-shocks played roles in producing the recession. What were their causes? What effect did each type of shock have on real GDP and unemployment? Why did they have these effects?

From 1993 to 2014, public expenditure as a proportion of GDP rose from 35% to around 42% in Japan, but fell from over 55% to below 50% in Italy.
Discuss possible reasons for an increase in the level of public expenditure as a proportion of GDP in an economy
Evaluate the likely economics effects of a reduction in the level of public expenditure as a proportion of GDP in Italy or another country of your choice.

TR=100q-2q²
TC=50+40q
Find both MC and MR
Determine the profit maximizing level ??