Economics of Enterprise Answers

Questions: 2 551

Answers by our Experts: 2 345

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Search & Filtering

Qd= 65 – 10P Qs= -35 + 15P
a. Find the equilibrium price and quantity and show it on labeled D/S diagram.
b. How do you interpret market equilibrium: (i) if P= Rs.6? (ii) if P=2?
c. Show on the Demand-Supply diagram in (a), the graphical interpretation of your answer of (b).
The lockdown around the world has caused the rapid growth in the electronic market as people have shifted from conventional methods to the new methods for imparting knowledge and staying connected. If demand and supply function are given as:
Qd= 65 – 10P Qs= -35 + 15P
a. Find the equilibrium price and quantity and show it on labeled D/S diagram.
b. How do you interpret market equilibrium: (i) if P= Rs.6? (ii) if P=2?
c. Show on the Demand-Supply diagram in (a), the graphical interpretation of your answer of (b).

A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is

p = $38 +2,700/D −5,000/D2, for D > 1,

where p is the price per unit in dollars and D is the demand per month.

The company is seeking to maximize its profit. The fixed cost is $1,000 per month and the variable cost (Cv) is $40 per unit.

a. What is the number of units that should be produced and sold each month to maximize profit?

b. Show that your answer to Part (a) maximizes profit


B. Construct an EFE Matrix for IU’s business school using the five steps as follows:
1. List key external factors as identified in the external-audit process. Include a total of 20 factors from both the opportunities and threats.
2. Assign to each factor a weight from 0.0 (not important) to 1.0 (very important). These weights show the relative importance. The total of all the weights should equal 1.0.
3. Assign a 1-4 rating to each factor to indicate how effective the firm’s current response strategy is: 1= the response is poor, 2 = the response is average, 3 = the response is above average, and 4 = the response is superior.
4. Multiply each factor’s weight by its rating to get a weighted score.
5. Sum the weighted scores for each variable to determine the total weighted score for the organization.
Demand for Orange Juice is given as
Qd = 5000 – 2500 P + 1200 I + 650 E – 255 Ps
Suppose Income is I = Rs.500, Expectations E = 55, and Price of Ps = Rs 25.
a. Find the Demand Equation.
b. Using the demand function from part a.,
Calculate Elasticity of Demand for price range of Rs.125 and Rs.155.
c. What will be the ‘Price Elasticity of Demand’ at P = Rs.125?
d. Interpret the Elasticity of Demand calculated in (C) above.
what would happen to the demand curve for movie tickets if the cost of making movies increased sharply?
what would happen to the demand of movie tickets if the cost of making movies increased sharply?
You
Which other government agency or department will work closely with FED to ensure the US’s economy functions well
Through collaboration betwen companies A and B,economical value is created. The equation for the value generation is P= √zA + √zB. √zA and √zb are the respective companie's investment. After the companies' investment levels are decided, A and B divide p (value generated) equally. (a)Determine the Nash equilibrium investment levels, and the consequent payoffs for each firm. (b)Suppose that A and B merge instead. What is the the optimal investment levels and the payoff for the new merged firm. Do the firms benefit at all from the merger?
Explain the statement
Workers' productivity over a given period of time is a function of innate ability, the level of effort, and the environment
LATEST TUTORIALS
APPROVED BY CLIENTS