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Economics of Enterprise
it cost the firm $50 to hire a unit of labour per day. Additionally the combined fixed cost of production are $30 per day. Use the information given to create a schedule showing
1. Total variable costs
2 Total fixed costs
3. Total cost
4. Average variable costs
5. Average fixed Costs
6. Average total costs
7. Marginal costs
1. Total variable costs
2 Total fixed costs
3. Total cost
4. Average variable costs
5. Average fixed Costs
6. Average total costs
7. Marginal costs
Economics of Enterprise
What was the main American export between 1800 and the Civil War?
Economics of Enterprise
Why do short-run profits in a perfectly competitive industry tend to disappear in the long run?
Economics of Enterprise
I was to do some reading on internationalization (entry of foreign markets). However, by a simple spelling mistake I generated a lot of articles on "internalization" instead of "internationalization". So I have been reading a lot on internalization (Buckley and Casson, 1976). This has of course confused me a lot. So, right now I wonder how internalization and internationalization are connected? What is the difference between internalization theory and internationalization?
Economics of Enterprise
I have been trying to read up a bit on internationalization (foreign market entry). However, by a simple spelling mistake I generated a lot of articles on "internalization" instead of "internationalization". So I have been reading a lot on internalization (Buckley and Casson, 1976). This has of course confused me a lot. And now I see my mistake. However internalization has in my oppinion a connection to International Business because internalization is often talked about in regard to Multinational Enterprises. So, right now, I wonder how internalization and internationalization are connected? What is the difference between internalization theory and internationalization? Is there anything in common between these two words/theories etc?
Economics of Enterprise
Mr. Clark earns $300 per week but budgets $100.00 per week for the purchase of cakes and strawberries. If he pays $20 each for cakes and $10 each for a bunch of strawberries what was possible combination of the cake and strawberries can Mr. Clark choose from (hint: construct his table of opportunity set). Then draw Mr. Clark's budget constraint.
Economics of Enterprise
what are the advantages and disadvantages of socialism
Economics of Enterprise
ffdetermine the quantity of computers bought an sold at equilibrium. if the demand and supply curve for computers are; D=100q-6P, S=28q+3P, where P is the price of computers, and q is the quantity. a)In December, the price of Christmas trees rises and the quantity of trees sold rises. is this a violation of the law of demand? b)Find the slope of an assumed linear demand curve for the theatre tickets, when persons purchase 1000 at $5.00 per ticket and 200 at $15.00 per ticket
Economics of Enterprise
the elasticity of demand facing the shrimp sector is:
price elasticity of demand (PED).............................................-3.1
income elasticity of demand (YED)..........................................2.1
cross elasticity of demand (XED)............................................2.0
XED (% change in the demand for a good A)/ (% change in the price of good B)
PED (%change in demand)/(% change in price)
YED (% change in demand)/(% change in income)
the elasticity of lobster sector is:
price elasticity of demand (PED)....................-2.5
income elasticity of demand (YED).................2.1
cross- elasticity of demand (XED)...................3.7
1. which sector would lose the most from increase and why?( hint: use price elasticity of demand)
2.from the information given,decide whether shrimp is a normal or inferior good(for normal goods, demand falls when price rises. for inferior goods, demand falls when income increase)( hint: use in come elasticity of demand.
price elasticity of demand (PED).............................................-3.1
income elasticity of demand (YED)..........................................2.1
cross elasticity of demand (XED)............................................2.0
XED (% change in the demand for a good A)/ (% change in the price of good B)
PED (%change in demand)/(% change in price)
YED (% change in demand)/(% change in income)
the elasticity of lobster sector is:
price elasticity of demand (PED)....................-2.5
income elasticity of demand (YED).................2.1
cross- elasticity of demand (XED)...................3.7
1. which sector would lose the most from increase and why?( hint: use price elasticity of demand)
2.from the information given,decide whether shrimp is a normal or inferior good(for normal goods, demand falls when price rises. for inferior goods, demand falls when income increase)( hint: use in come elasticity of demand.
Economics of Enterprise
Should a company reject an order if the 5.50 price exceeds the variable cost of 4.55?
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#340153 on Dec 2023
#340153 on Dec 2023