Economics of Enterprise Answers

the mohan began footbal team plays in a stadium with a seating capacity of 180000. however during the past season, attendance averaged only 150000. the average ticket price was rs 30 if price elasticity is -4, what price should team have to charge in order to fill the stadium?

How does international trade benefits Firms?

suppose the market for frozen orange juice is in equilibrium at a price of RM 1.00 per can and quantity of 4200 cans per month. now suppose that at a price of rm 1.50 per can,quantity demanded falls to 3000 cans per month and quantity supplied increases to 4500 cans per month

a) draw the appropriate diagram for this market.
b)calculate the price elasticity of demand for frozen orange juice between the price of RM1.00 and RM1.50 .is the demand elasticity elastic or inelastic.
c) calculate the elasticity of supply for frozen orange juice between price of RM 1.00 and RM1.50. is supply elasticity or inelastic.
d)explain in general what factors would affect the elasticity of demand for and supply of juice.

Explain how a production possibility frontier can be used to demonstrate the principle of increasing opportunity cost?

opportunities of international trade

Use the aggregate expenditure model developed in this chapter to explain the following statements: Administration officials said they were confident conditions would improve as tax rebates
that are part of the recent $152 billion economic-stimulus package begin to reach consumers.

When can monopolistic charge different prices for his product in different?

Explain the concept of returns to scale

calculate the future value at the end of year 3 of an investment fund earning 12 percent annual interest and funded with following end of year deposits: £750 in the end of year 1, £850 and at the end of year 2 and £950 at the end of year 3

Using demand and supply analysis, discuss the general factors affecting the demand and supply for tuna in Malaysia. Using demand and supply graphs, explain what would happen to the demand or supply of tuna in Malaysia in each of the cases below stating any assumptions that you would have made based on the statements below. In March 2011, the tsunami in Japan killed around 15,000 people causing damages and losses in hundreds and billions USD. It was reported that Japan's fishing, aquaculture (tuna and salmon), food processing factories and cold storage areas had been badly affected.