Economics of Enterprise Answers

(a)   The market demand and supply equations for theme park in a city are given by P = 30 – 0.005QD and P = 10 + 0.005QS, where P is the price in dollars and QD is the quantity of theme-park tickets demanded and QS is the quantity of theme park ticket supplied.

i) Solve for the equilibrium price and quantity of theme park tickets and compute the consumer surplus and producer surplus. Support your answers with a graph of the theme park tickets market.

(ii) Explain the implications of the welfare of consumers, producers and the society when the price of theme park ticket is fixed at $15. Support your answers with a graph of the theme park tickets market.

if the federal government says that fish is healthy for you the demand for fish will

Given the following market demand function of commodity X.

Qx=F[Px, Py, Pz, I, T, A]

Where:

Px= Price of commodity

Py= Price of substitute commodity Y

Pz= Price of commodity Y, which is

complement of X

I= Level of per capital income of

customers

T=Taste and preference of consumers

A=Advertising expenditure by a firm

producing X

How will be the consumer demand for a commodity X change?

a. If price of commodity X rises

b. If price of substitute good Y rises

c. If price of complement commodity Z

falls

d. Per capital income of the consumer

rises

e .The firm production X increases it's advertisement expenditure

Imagine, we are in ancient Greece. Praxilla lives in Athens and derives utility from reading poems and from eating cucumbers. Praxilla gets 30 units of marginal utility from her first poem, 27 units of marginal utility from her second poem, 24 units of marginal utility from her third poem, and so on, with marginal utility declining by three units for each additional poem. Praxilla gets six units of marginal utility for each of her first three cucumbers consumed, five units of marginal utility for each of her next three cucumbers consumed, four units of marginal utility for each of the following three cucumbers consumed, and so on, with marginal utility declining by one for every three cucumbers consumed. A poem costs three bronze coins, but a cucumber only costs one bronze coin. Praxilla has 18 bronze coins

(True or False): In relational databases, the link between two tables is that the primary key of one table is the foreign key in the other table. Write a paragraph response on why it's true or false.

Question: In the fourth query, we use the WHERE and HAVING clauses. Please select the right choice for the relationship between these two clauses.

1. WHERE clause is used for filtering rows prior to the execution of aggregate functions, while the HAVING clause is used for filtering rows after the execution of aggregate functions.
2. WHERE clause is used for filtering rows after the execution of aggregate functions. The HAVING clause is used for filtering rows prior to the execution of aggregate functions.
3. The WHERE clause can be exchanged to use the HAVING clause.
4. The HAVING is not a clause in SQL queries.

Which of the four database requirements would be violated if this data stream were placed in a table? If you have insufficient information to assess whether the requirement has been violated, discuss the additional data that you would need.

State & explain two key questions about how resources are allocated.

Mapping national REDD+ initiatives in the Asia-Pacific

region. Journal of Environmental Management, 269, 110763.

Thus, the three major challenges in REDD+implementation in context of the

pacific island country as country Fiji which include:

1. Lack of harmony between forest decree (FD) and iTaukei Land Trust. The

authority of the FD only applies to land that has been declared as a forest

reserve in one form or the other, which does not include the majority of

forests on iTaukei lands.

2. Financing REDD+ implementation

3. Uncertainty/unclarity of the legal framework in regards to carbon

ownership

4. Lack of technical capacity in fulfilling REDD+ requirements and future

implementation.

In a short essay of 250 words, use the challenges above and discuss three major

challenges in REDD+ implementation in context of the Pacific Island

Economies as Country Fiji. Thus write a well-structured essay with introduction

and conclusion done.

A neighbor barking dog can be both a positive externality and a negative externality .under what circumstances would a dogs bark be positive externality? Under what circumstance would a dog bark be an negative externality

Supply and demand conditions can be expresses in quadratic form. Find the price and quantity given;

The demand function; p+q²+3q-20=0

The supply function; 3q²+10q= 5.

From your answer a above determine what happen when government decides to fix price;

a. Above the equilibrium price

b. Below the equilibrium price

[Hint; hypothetical diagram is essential]