Economics of Enterprise Answers

The price for a good has reduced from 820 rub. to 790 rub. The demand has increased from 2900 units to 3350 units.. Calculate the price elasticity of demand? 

DISCUSS PROVINCIAL Development Plan for any PROVINCE IN SOUTH AFRICA

Which one of the following is an example of government failure?

A Government intervention leads to a net welfare gain

B A new environmental regulation leads to excessive administrative costs

C Speculators cause a market bubble to emerge in the housing market

D Free riders lead to the under provision of public goods

The fundamental economic question is how to meet unlimited wants with limited resources. What is an example of limited resources?

The fundamental economic question is how to meet unlimited wants with limited resources. What is an example of limited resources?  

India is failing to reach its full economic potential because of poor rail, road and electricity infrastructure as well as a lack of skilled civil engineers. Which factors of production need to be increased?

Aston Martin ,the car immortalized by the superspy James bond, is the latest entrant into the Indian ultraluxury car market. In 2011 alone, this is the fourth super car to be launched in India after the Rs.4.5 crore worth Maybach in Feb., the Rs.12.5 crore-koenigsegg Agwera in March and the Rs.1.4 crore Maserati in early April. The top – end of the Indian luxury car market is already crowded with more than two dozen models carrying a price tag of over Rs.1 crore. Aston Martin has added nine more to the array of super luxury cars: amoung them One-77 at Rs.20 crore, is the priceiest car to be launched in India. As for the rest of the models priced between Rs.1.4 -2,6 crore, Lalit Choudhury, Managing Director, Performance cars, the dealer of Aston Martin in India said they expect to sell 30 units this year. The company has sold just 55,000 cars in its 97 year history and about 5000 cars Explain consumer behaviour in the case of such high priced cars, by comparing them with other similar products.

an indivdual consumes porduct x and y and spent 500 birr per time period. the prices of the two goods are 60 birr per unit for x and 40 birr per unit for y. the consumers in this case has a utility function expressed as U(x,y)=10xy. A) express the budget equation mathematically

A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period?