Economics of Enterprise Answers

describe the concept of consistency of the slope parameters in a simple regression when all assumption hold, show this mathematically

Briefly explain how a hike in fuel prices would affect your business costs, sales, competitiveness, and profit. Use one paragraph

1). For each risk in class 2, the number of claims per year follows a binomial distribution with mean

m = 8 and q = 0.55.

Find the Buihlmann credibility?

TR= 75Q-4Q^2

Find AR and MR function?

At what level of output and price MR is zero?

Public enterprises can be interesting policy instruments if governments have policy objectives for them and if governance mechanisms exist to make sure that these objectives are transmitted to the managers or discussed with them.

Discuss the veracity of the above statement.

3. The following data refers to the price of a good ‘P’ and the quantity of the good supplied, ‘S’.

P 2 7 5 1 4 8 2 8

S 15 41 32 9 28 43 17 40

a. Estimate the linear regression line

b. Estimate the standard errors of

c. Test the hypothesis that price influences supply

d. Obtain a 95% confidence interval for

If there is a successful advertising campaign promoting the health benefits of drinking milk, then, ceteris paribus

There is an old adage that says "There is no such thing as a free lunch". This adage relates most closely with which of the following basic economic concepts?

1.     Do you know the assumptions which underlay the consumer’s preferences? Explain them.

Given the following information on price of Maize flour (MF) 10$, the price of Rice (R) as 15$ and income of consumer 150$ when the consumer needs to maximize his utility function  

Analyze the following graph on consumer behavior, through

a.      Explaining the line/curve A and C.

b.     Explaining what the movement from point D to B means theoretically, express that movement mathematically.

c.      Showing where is the equilibrium of consumer? Explain it.

d.     Finding the value of point F and E.

1. define production function and cobb-Douglas production function

2. what do we mean by an expansion path?

3. mention the characteristics of monopoly, oligopoly, and monopolistic competitive and perfectly competitive market structure and make a comparison