Economics of Enterprise Answers

How mixed economy countries was before and after with covid 19 and how they deals with it?

. 70% of working population of India is engaged in:

(a) public sector
(b) primary sector
(c) secondary sector
(d) tertiary sector

Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 5 years. She will have enough to pay for the trip if she invests $5,000 per year until that anniversary and plans to make her first $5,000 investment on their first anniversary. Assume her investment earns a 4 percent interest rate, how much will she have saved for their trip if the interest is compounded in each of the following ways?

a. Annually b. Quarterly c. Monthly

Calculate elasticities for the following cases with appropriate names. Identify what types
of goods they are, and comment on the value of the elasticity, i.e., elastic or inelastic:

a) A 10 percent increase in the price of cars reduces the quantity demanded for cars by 4
percent.

b) A 10 percent increase in the gasoline price reduces the demand for new cars by 4 percent.

c) A 10 percent increase in the income reduces the demand for used cars by 4 percent.

In what condition does the operator chooses to continue the production in the 3rd stage of production although it loss to do so?

how might the work of economists in predicting future economic changes create benefits and risks for the economy

Consider a firm called Health-R-Us that is a monopoly. How does Health-R- Us decide the price to charge and quantity to sell of the good it has a monopoly on? Illustrate your answer using a fully labelled and explained market diagram. Assume Health-R-Us is making monopoly profits and illustrate these on the same diagram. In addition, indicate the area on your diagram that illustrates the efficiency cost (the dead weight loss) of the monopoly, and explain why this dead weight loss arises.

What will happen to the equilibrium quantity and price of corn if the price of butter (a complement) increases and the price of fertilizer decreases?

Use demand and supply analysis to explain the effect in the bond market of a decrease in the federal deficit. What is the effect on the interest rate and bond price?