Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Multiple choice problems about regression coefficient.

1) The range of values in which we can be confident which the true regression coefficient lies within a given degree of probability is called a:

a) confidence interval.

b) logistic regression.

c) prediction interval.

d) none of the above

2) Which of the subsequent approaches to understanding and predicting consumer behaviour depends primarily on the knowledge and experience of a company's employees and its suppliers?

a) Direct consumer surveys.

b) Test marketing and price experiments

c) Expert opinion.

d) Analysis of historical data.

3) An approach to analyzing consumer behaviour in which consumer reaction to different prices is analyzed in a laboratory situation or a test market is called:

a) focus groups.

b) price experiments.

c) non-price experiments.

d) none of the above.

4) Which of the subsequent is true of the relationship among the marginal cost function and the average total cost function?

a) The ATC curve intersects the MC curve at minimum MC.

b) The MC curve intersects the ATC curve at minimum ATC.

c) If MC is greater than ATC, then ATC is falling.

d) If MC is less than ATC, then ATC is increasing.

5) The technique which estimates long-run costs and the minimum efficient scale by determining the scale of operation at which most companies in an company are concentrated is called the:

a) back-of-the-envelope approach

b) engineering estimation technique

c) statistical cost estimation technique

d) survivor approach

6) The list of the major factors which create economies of scale includes all of the subsequent except:

a) specialization and division of labour.

b) quantity discounts.

c) an increase in demand for the company's output.

d) the use of automation devices.

7) Which of the subsequent is likely to limit the ability of a company to minimize production costs?

a) The company faces limited competition.

b) Resistance by labour.

c) The fact which the company is a non-profit organization.

d) All of the above

8) Which of the subsequent statements about the beer company is false?

a) Total employment in the company has increased substantially as a result of increased

demand for beer.

b) Over the last 30 years, technological change has resulted in substantial economies of scale in the company.

c) The five largest companies in the company control approximately 97 percent of the market.

d) The current minimum efficient scale in the company is approximately 8 million barrels per year.

9) You have the subsequent demand equation for a pack of cigarettes: Q = 200 - 0.30P with the average quantity 3 packs and average price $3)00 per pack. Illustrate what is the price elasticity?

a) 1.0

b) -1.0

c) -0.30

d) 0.30

10) The total sum of squares is 400 and the sum of squares errors is 100, illustrate what is the coefficient of determination?

a) 25

b) 0.75

c) 1)00

d) 0

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917369

Have any Question? 


Related Questions in Business Economics

Assignmentarticle reportplease select a marketing topic you

Assignment Article Report Please select a marketing topic you learned and then search in the Wall Street Journal (either online or hardcopy *) and select an article about that topic within the last 12 months. To do this, ...

In the united states as in most countries we value the

In the United States, as in most countries, we value the benefits of a free and competitive market. This suggests an interesting question: what if there were to be no Antitrust laws or other regulations on business activ ...

Free trade and restricted trade - benefits and cost1-2

Free Trade and Restricted Trade - Benefits and Cost 1-2 paragraphs APA format/ no plagarism Using your own words, define both free and restricted trade. What do you feel are the benefits and the cost to having free trade ...

Assignmentmoral and ethical requirements should serve as

Assignment Moral and ethical requirements should serve as drivers which encourage a business to invest in or spend money on cybersecurity products, services, and programs. You have been invited to participate in a "light ...

Allocation and allotments please respond to the following1

"Allocation and Allotments" Please respond to the following: 1. From the first e-Activity, examine and evaluate the disparity of Georgia budget allocation for education and property tax to the various localities. Based o ...

Cite the sources used to answer this question provide the

Cite the source(s) used to answer this question. Provide the source(s) below your response and apply APA guidelines for references. 1) Class, is it possible for a business to show an accounting profit, but actually earn ...

1 there is a small country whose domestic demand and supply

1) There is a small country whose domestic demand and supply for a good x are given below (where P is the price of X) [drawing a demand and supply graph may be helpful to you, but is not required.] D: P=100-Q S: P=10+2Q ...

Assignment -consider the following cobb douglas production

Assignment - Consider the following Cobb Douglas production function where Y is maize output, X 1 is labour input, and X 2 is the capital. Data for estimating this equation is given in the Table below. Y = β 0 X 1i β_1 X ...

What is the relationship between economy business and

What is the relationship between economy, business, and society? -6 page essay (includes only ONE page for references,but the cover page is not included in the 6 page requirement) -Double spaced -APA format

1what is the production possibilities curve and how is it

1. What is the production possibilities curve and how is it useful? 2. What 4 factors contribute to determining any point in this model? 3. How would we apply this framework to the real world? 4. You are planning to expa ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen