Economics of Enterprise Answers

The food-taking i especially in fast food segment has been changing very fast over last decade among the people of Dhaka - the capital city of Bangladesh. Fast foods are mostly designed for ready availability, use and consumption. Examples of most prominent fast food items include burger, pizza, fried chicken, pasta, hot dog, hamburger, sandwich and so on. With the rise of this fast food industry in Bangladesh, different types of sauce and ketchup industries have grown up together in the country. As we know tomato sauce & chili ketchup are consumed together with chicken burger. Also, chicken burger and beef pizza are consumed as substitute. Because of high transport costs in this current lockdown situation, suddenly the price of chicken burger goes up. This increase in the price of chicken burger has several economic effects. Answer the following questions based on this incident:Q4: What would happen to the market of orange juice? Q5: What would happen to the market of beef pizza and beef market?

The food-taking i especially in fast food segment has been changing very fast over last decade among the people of Dhaka - the capital city of Bangladesh. Fast foods are mostly designed for ready availability, use and consumption. Examples of most prominent fast food items include burger, pizza, fried chicken, pasta, hot dog, hamburger, sandwich and so on. With the rise of this fast food industry in Bangladesh, different types of sauce and ketchup industries have grown up together in the country. As we know tomato sauce & chili ketchup are consumed together with chicken burger. Also, chicken burger and beef pizza are consumed as substitute. Because of high transport costs in this current lockdown situation, suddenly the price of chicken burger goes up. This increase in the price of chicken burger has several economic effects. Answer the following questions based on this incident: Q1: What would happen to the market of tomato sauce & chili ketchup?

Explain the factors that are involved in the construction of motorway

The three major flows in any economy are …
[1] income, spending and saving.
[2] income, government spending and consumption.
[3] spending, production and investment.
[4] production, income and spending.

Given TC = 100 + 60Q – 12Q2 + Q3. Find
a. The equations of the TVC, AVC, and MC functions.
b. The level of output at which AVC and MC are minimum, and prove that the AVC and MC curves are U-shaped.
c. Find the AVC and MC for the level of output at which the AVC curve is minimum.

Given TC = 100 + 60Q – 12Q2 + Q3. Find
a. The equations of the TVC, AVC, and MC functions.
b. The level of output at which AVC and MC are minimum, and prove that the AVC and MC curves are U-shaped.
c. Find the AVC and MC for the level of output at which the AVC curve is minimum.

The Ford F-150 (best selling vehicle in the U.S. for the last three decades) is currently priced at
about $40, 000 to $45, 000. Show what would likely happen to the amount of vehicles
offered for sale if the vehicle price went up to $52, 000.

Explain the type of pricing strategy that you as the manager of a company would implement for Good X and Good Y with the following price elasticity of demand co efficient.use diagrams to motivate your answer. Good X 2.3 and Good y 0.6.