Economics of Enterprise Answers

The shareholder of Al-Karam wants to maximize his profits by selling his goods in the larger quantities. In order to achieve his target (s) he hired a manager to look after his business. However, the manager instead of maximizing business profits started maximizing his own interest by selling the designs in black to the competitor’s designers. Analyze the above situation and explain the possible problem that might occur for Al-Karam.

The shareholder of Al-Karam wants to maximize his profits by selling his goods in the larger quantities. In order to achieve his target (s) he hired a manager to look after his business. However, the manager instead of maximizing business profits started maximizing his own interest by selling the designs in black to the competitor’s designers. Analyze the above situation and explain the possible problem that might occur for Al-Karam.

If budget lines had to be drawn on each of the two sets of indifference curves in the
diagram in Question 4.1.1, what would they describe and where would consumer
equilibrium be for each budget line on the diagram?

In relation to producers, consumers and competitive markets, the domestic supply and demand curves for pecan nuts in South Africa at equilibrium are Supply P=50+Q
Demand P=200-2Q
Where P is the price in rand per kilogram and Q is the quantity in millions of kilograms

a. The shareholder of Al-Karam wants to maximize his profits by selling his goods in the larger quantities. In order to achieve his target (s) he hired a manager to look after his business. However, the manager instead of maximizing business profits started maximizing his own interest by selling the designs in black to the competitor’s designers. Analyze the above situation and explain the possible problem that might occur for Al-Karam.

If the demand equation is given as Dx= 150-5Px, then at 50 units quantity demanded, the price will be Rs.___.

Suppose you won $15 on lotto ticket and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is$ 3 and the price of peanuts is $1.50.

a. Construct a table showing the alternative combinations of the two products that are available (10pts

Using Porter’s competitive forces, explain the reasons
for the deterioration of abaca as a major export earner of the country?

Find the annual payments to extinguish a debt of P10,000.00 payable for 5years at 12% interest *