Economics of Enterprise Answers

Why are imports excluded from GDP and why are exports included in GDP?

Assume that your are from any One the following family how can you utilize the limited resources to fulfill your needs

What are other six factors that can impact on international logistics operations?

Given The Cobb- Douglas Production Function For Preshzo Company Limited As Follows: 𝑄=K0.25L0.75 She Estimates That The Cost Of Labour Is $3 And The Cost Of Capital $4. You Are Required To Do The Following: A) If She Wants To Produce 50kg Of Are Output, Formulate Both The Objective And Constraint Functions For Preshzo Company Limited. B) Find The Minimum

Distinguish between income elasticity of demand and Cross price elasticity of demand. Include a provision of their formula

You win Rs 10,000 in a horse race. You have a choice between spending the money now and putting it in a 5% FD. What is the opportunity cost of spending the Rs 10,000 now?

Show that the test taking the overall significance of regression model using ANOVA table to be expressed as:  Where, R be a level of determination and k is the number of parameters in the n sampled regression model

Suppose a soap-manufacturing production process is described by the following 

equation:

Y = a + b log K + с log L

Where, 

Y= Output (number of soaps produced)

K=Capital 

L=Labor

a, b and c are constants

Suppose 0<a<1, 0< b<1 

a. Find the Marginal Product of Labor (MPL) and Marginal Product of Capital (MPK)

in the production of soap

b. Is MPL diminishing, increasing or constant as L increases?

c. Is MPK diminishing, increasing or constant as K increases?