Economics of Enterprise Answers

1. How can management information system help business attain and retain business edge in the global world?

2. In what ways have information system in business changed during the last 50 years? What is one major change you think will happen in the next 10 years?

Wat is the role of business in the development of the society

What areas of business activity can benefit most from the contributions of the quantitative school of management thought? Are there any areas that cannot benefit? Justify your answer.

what is the future of NGOs without donor fund?

As Alberta's reserves of light crude oil began to deplete, so did the production.Alberta's light crude oil production totaled 37.3 million cubic metres from 1997-2005.
2.1 This production has continued to decline each year from 1990 and only 21.7 million cubic metres were produced in 2005.
Use the above scenario to define a sequence or a series to predict possible initial production in year 1990 and the trends in the use or production of the resource over 1990-2005 year period. hence,predict the production of year 2008.
2.2Assume that the production of light crude oil declines at the rate of 30% of its total production of the previous year from 1990. Define a sequence or a series to predict possible initial production in year 1990.
2.3 predict life time of Alberta's reserves,for case 2.1 and case2.2 comment and justify what is the most accurate method for analysis.

2, The following graph shows a firm in a monopolistically competitive industry.
a. Show the firm's short-run profit-maximizing quantity and price. Is the firm making a profit? (See attachment for Graph F)

b. Carefully explain what will happen in the industry over time, and draw a graph of a



monopolistically competitive firm in lon-run equilibrium.

define monopolistic competition and demonstrate its properties?how price and output determined under monopolistic competition.?