Economics of Enterprise Answers

Wind and solar energy are examples of

Assume that Austin Water purchases surface water from the Lower Colorado River Authority at a cost of $120,000 per month in the months of February through September. Instead of paying monthly, the utility makes a single payment of $880,000 at the end of the year (i.e., end of December) for the water it used. The delayed payment essentially represents a subsidy by the Authority to the water utility. At an interest rate of 3% per year compounded monthly, what is the amount of the subsidy?

grass cutter inc make a product used to trim lawns the firm has has fixed cost of 100000 per year management expect to sell 2000 units per year and that rate of output total variable cost will be an investment of 200000 if the price is set at 100 what is the target rate of return

Discuss whether or not a country will benefit by imposing trade protectionism

Suppose the rational and chic Judy, while strolling through Northpark Center, saw a beautiful pair of Christian Louboutin sequin-coated leather platform pumps which she purchased for price of $1795. We know with certainty that her reservation price for the pumps was _____ $1795.

Select one:

A.

less than or equal to  

B.

equal to

C.

less than

D.

greater than

E.

greater than or equal to

Suppose a binding price ceiling is imposed on a market that was in equilibrium when the ceiling was imposed. Everything else held constant, the ceiling will _____ the quantity of the good demanded and _____ the quantity of the good supplied.

Select one:

A.

increase; decrease

B.

not change; not change

C.

decrease; decrease

D.

decrease; increase

E.

increase; increase

Suppose cheese and eggs are complements in consumption. An increase in the demand for cheese, everything else held constant, will cause the demand for eggs to _____ and the equilibrium price of eggs to _____.

Select one:

A.

increase; increase

B.

decrease; increase

C.

increase; decrease

D.

decrease; decrease

Suppose Rockette and Zoot Horn can spend their days making cheese or planting beans. Their output per person per hour at each activity is the following:

Cheese

Beans

Rockette

7

160

Zoot Horn

6

120

Rockette has _____ in planting beans.

Select one:

A.

only the comparative advantage

B.

both the absolute advantage and the comparative advantage

C.

neither the absolute advantage nor the comparative advantage

D.

only the absolute advantage

If a 7 percent increase in price results in a _____ percent _____ in quantity demanded, everything else held constant, then it can be concluded that demand is price inelastic.

Select one:

A.

7; decrease

B.

less than 7; increase

C.

greater than 7; decrease

D.

less than 7; decrease

E.

greater than 7; increase

F.

7; increase

Donald Trump engaged in a fierce tariff war with China. Using a diagram Justify Trumps action.