Economics of Enterprise Answers

Identify and explain the maritime transport service providers that form maritime transport chain.

Explain why maritime transport dominates the transport industry, in your explanation you are expected to provide statistics.

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The Mellow Cake corporation is facing a downward sloping demand curve for its Mellow Cakes deserts. In the table below you are provided with information on the firm’s marginal revenues and total costs. 

(Note: the Marginal revenues at a level Q in the table are the revenues at level Q+1 minus the revenues at level Q.)

Quantity Produced (Q) Marginal Revenue (Q) Total Cost (Q)

1 40 1

2 35 4

3 30 9

4 25 15

5 20 22

6 15 42

7 10 67

8 5 97

9 0 137

10 -5 187

1. Is the firm in this example a price taking firm? Explain why or why not. (5 pts.)

2. What is the firm’s optimal level of output? Explain why it is optimal. (5 pts.)

A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount?

Does the gravity model predict or explain Namibian exports?

Instructions

 Discuss the above assignment question

 Length: not more than 5 pages

 Use 12 pt font size

 1.5 line spacing

 Your paper could have the following sections (just indicative)

o An introduction/background

o Namibia’s trade position – specific goods/services and trade partners

o Discussion

o Conclusion

Amandla Ltd is an electronics manufacturer based in the Vaal Area in the Gauteng province in South Africa. Amandla Ltd has partnered with an international company to export its products and as a result will be expanding its operations and its product portfolio. Based on this expansion, the company’s management has decided to establish a new business function dedicated to procurement. 

Amandla Ltd has requested your Procurement Consultancy to provide a memo to inform them on the following issues so at to inform their decision making:

The procurement process

The role and importance of procurement

Centralisation vs Decentralisation

Outsourcing vs In-sourcing

The role of e-Commerce and 4IR in the procurement

Nowadays it even harder to get a job with a fake certificate?

Name the factor of production depicted in the cartoon?

Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

On-the-job experience typically enhances a person’s productivity in that particular job. If theperson’s salary increases to reflect increased experience but the additional experience has no relevance for other jobs, does this higher salary reflect an increase in opportunity cost or in economic rent?