Economics of Enterprise Answers

Let the production function of a firm is given as

𝑞=(𝑥0.5 +𝑦0.5)2

Where 𝑥 and 𝑦 are inputs and 𝑤𝑥 is the price of input 𝑥 and 𝑤𝑦 is the price

of input 𝑦.

a) Assume the firm has a limited budget to spend on buying input. Find

the cost-conditional input demand function for each input.

b) Find the cost function of the firm

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