Economics of Enterprise Answers

Demand and supply function in amarket are described by the equations

a) find the equilibrium prices and quantities (P,EQ & EQa)

b) show your answer using by graph

The supply function for a good can be written as Q = 2P + 10, where Q is the quantity supplied in Kilos and P is the Price in dollars.

The price falls from $15 to $10.

Calculate the price elasticity of supply (PES).

The economist for the Grand Corporation has estimated the company’s cost function, us-

ing time series data, to be where TC 5 Total cost

TC=50+16Q-2Q2 +0.2Q3 Q 5 Quantity produced per period

1. Plot this curve for quantities 1 to 10.
2. Calculate the average total cost, average variable cost, and marginal cost for these quan-
3. tities, and plot them on another graph.
4. Discuss your results in terms of decreasing, constant, and increasing marginal costs.
5. Does Grand’s cost function illustrate all these?

Instructions: Research on the assigned topic assigned to you.

Assigned topic : COOPERATIVES

Search for the following :

1. Existing business / enterprises in the Philippines.

2. Laws regulating these forms of business enterprises. 

3. Straight facts. 

d. Assuming the game is one-shoot game and Firm 1 moves first represent it in

extended form.

To decrease the trade deficit and to increase short run output, which of the following    could work ?

What factors militate against the effective compliance with continuous assessment standard by Economics teachers in South Africa?​​​​​​​

To combat the current difficult situation, the manager plans to curb the variable expenses and bring them to ₹500 per piece. Compute the new break-even point and contribution margin. Analyze and explain the movement in contribution margin to the manager

A manufacturer has

determined that m employees will produce a total of q units of

product per day, where

q = m(60 − m)

If the demand function is given by

p = −0.02q + 12

fifind the marginal-revenue product when m = 10.

Consider the following information about a business Dina opened last year: price = $10, quantity sold = 25,000; implicit cost = $155,000; explicit cost = $260,000. What was Dina's economic profit?