Economics of Enterprise Answers

Discuss the relationship between the three short-run total cost curves and give an example.

what is globalization

A student has a job that leaves her with $300 per month in disposable

income. She decides that she will use the money to buy a car. Before

looking for a car, she arranges a 100% loan whose terms are $300 per

month for 48 months at 9% nominal annual interest. What is the

maximum car purchase price that she can afford with her loan?

Graphically illustrate the impact of the management’s restructuring decision on the firm’s production function. Your diagram should have the amount of human intelligence on the horizontal axis and the number of decisions on whether to provide insurance on the vertical axis. Fully label your diagram. Note that there are no actual numbers given in this question: you may make them up or simply use appropriate notations. Briefly explain the key information of your diagram

Let X1 , X2 , ⋯, XN be a random sample of size n from normal

distribution with mean µ and variance σ 2 . a). Find the maximum

likelihood estimator of σ 2  2 . (2 points) b). Find the

asymptotic distribution of the maximum likelihood estimator of σ 2

 2 obtained in part (a).

Briefly discuss the importance of (SMEs) small business enterprises sector in the South African economy. 

Metalfab Pump and Filter expects the cost of steel bodies for 6-inch valves to increase by $1.5 every 3 months. If the cost for the first quarter is expected to be $80, what is the present worth of the costs for a 3-year time period at an MARR of 7% per year compounded quarterly?