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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
1. Identify the type of market structure which you think operates in your selected industry. For example, is it ‘perfectly competitive’, ‘monopoly’, ‘monopolistic’ or ‘oligopolistic’. You should justify your answer by explaining how closely the industry operates in practice to the economic model of that market structure. Of KFC
(9 marks)
The quantity of Item X that is sold to customer Y on September 11th should be an attribute in which table?
A. Sale
B. Customer
C. Sales–inventory
D. Inventory
The list price of inventory item 3399776 should be an attribute in which table?
A. Sales
B. Inventory
C. Supplier
D. Sales–inventory
If a company sometimes only sold parts, sometimes only performed services, and sometimes did both, the minimum cardinalities associated with the inventory table would be
A. zero.
B. one.
C. many.
D. None of these are correct
For a company that rents out construction equipment to building contractors, the rent equipment event is linked to? Check all that apply.
A. at most one return event.
B. at most one receive cash event.
C. at least one receive cash event.
D. at least one return event.
