We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

www.vustudents.ning.com

 www.bit.ly/vucodes + Link For Assignments, GDBs & Online Quizzes Solution www.bit.ly/papersvu + Link For Past Papers, Solved MCQs, Short Notes & More

Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion

# ECO404 Managerial Economics Assignment No.1 Solution & Discussion Fall 2011

Question: 01

A firm pays Rs. 450,000 in wages, Rs. 66,430 in interest on borrowedmoney capital and Rs. 89,320 for the yearly rental of its factory building. Ifthe entrepreneur worked for somebody else as a manager, he would earn atmost Rs. 58,400 per year and if he lent out his money capital to somebodyelse in a similarly risky business, he would at most receive Rs. 28,500 peryear. He owns no land or building. Keeping in view the above information,calculate the:

a) Explicit cost of the entrepreneur

b) Implicit cost of the entrepreneur

Question: 02

Given the following equations of total revenue and total cost:

TR = 250Q – 5Q2

TC = 100 + 50Q

Find out the level of output at which profit is maximized (by using marginalrevenue and marginal cost approach).

Question: 03

You have given the following information:Estimated regression line:

Y = 0.55 + 9.25X

Standard error = 0.75

Degree of freedom = 8

Level of significance = 5%

Tabulated value of t = 2.306

Calculate the confidence interval from this information.(Marks: 5)

+ How to Join Subject Study Groups & Get Helping Material?

+ How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators?

+ VU Students Reserves The Right to Delete Your Profile, If?

Views: 261

.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

### Replies to This Discussion

See the attached file for complete assignment.

Attachments:

## Latest Activity

Sukaina and Soldier are now friends
16 minutes ago
Noman Ijaz liked + ! ! ! ❣ Sanam ❣ !+'s profile
1 hour ago
Soldier liked Sukaina's profile
1 hour ago
Bilal joined +M.Tariq Malik's group

### MTH001 Elementary Mathematics

2 hours ago
Preety Girl is now a member of Virtual University of Pakistan
2 hours ago
Mani Siddiqui BS VIII liked + ! ! ! ❣ Sanam ❣ !+'s profile
3 hours ago
maheen mahan joined +M.Tariq Malik's group

### CS502 Fundamentals of Algorithms

7 hours ago
maheen mahan added a discussion to the group CS610 Computer Network

### cs610 gdb idea solution spring2020

8 hours ago
8 hours ago
8 hours ago
"hi i am new here! any one from sailkot?"
8 hours ago
+ ! ! ! ! !Marshmallow updated their profile
16 hours ago

1

2

3