Dr. Chen
ECON 6351 Economics for Managers
Homework 3
The homework covers the textbook Ch 7, and 10-11. Homework assignment must be
your individual work. Copying answer from the others will violate ACA
University of Houston-Victoria
School of Business Administration
Econ 6367 Global Economics
Term paper / Case Study
The Economic Aspects of Global Warming and Climate
Changes
1
CASE ASSIGNMENT
Climate
Eco 6351
Economics for Managers
Chapter 10b.
The Business Cycle:
Unemployment Rate
Prof. Vera Adamchik
X-MMXIV
Civilian noninstitutional
population
Civilian noninstitutional population:
Persons 16 yea
Eco 6351
Economics for Managers
Chapter 10c.
The Business Cycle:
Inflation
Prof. Vera Adamchik
Inflation
The biggest fear as an economy
reaches full employment is inflation.
Inflation is an increase
Managerial Economics
Workshop#4
Question 1
1.a
1.b MRP=MP*P
of column 4.
P=$5* MP= The values in column three which will equal the MPR which is the values
1.c The number will be 10 laborers
2. Graphs
03/10/2017
Managerial Economics
Group Economic Project Number One
Question 1: Write the theoretical demand equation using the appropriate variable
names you created when you prepared data for analysis
This page consists of three multiple choice questions
In each case, circle the correct answer.
4. If, at the current level of output, a rms average cost is greater than its marginal cost, then:
A. An
3.
The following is a list of various types of economies of scale:
l (i) The rm can benet from the specialisation and division of labour.
E (ii) It can overcome the problem of indivisibilities.
9011)
Workshop#3
Question#1
1A. Write the Regression Equation with estimated Coefficients
Yhat=2.7333+0.667X1
1B. Below the regression equation, list in parenthesis the t values of coefficient estimates
(0.
Chapter 1 Practice Quiz
1
Economic theory is a valuable tool for business decision making because it
*a. identifies for managers the essential information for making a decision.
b. assumes away the pr
Chapter 6: Practice questions
1.
Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the question.
The price for which 100 units can be sold is $_
Chapter 9:
Practice questions
1
A producer is hiring 20 units of labor and 6 units of capital (bundle A). The price of labor is $10,
the price of capital is $2, and at A, the marginal products of labo
Chapter 2 Practice quiz
1
If the price of a complement for tires decreases, all else equal,
a.
quantity demanded for tires will decrease.
b.
quantity supplied for tires will decrease.
*c.
demand for t
Chapter 8:
1
Practice questions
Fill out the table and answer the question below.
Units of
Labor
Total
Product
Average
Product
Marginal
Product
1
2
3
4
5
6
7
_
_
66
_
_
78
_
20
_
_
_
16
_
10
_
30
_
10
Chapter 3 Practice questions
1
A firm will maximize profit by producing that level of output at which
a.
the additional revenue from the last unit sold exceeds the additional cost of the last unit
by
Chapter 4 Practice Quiz
1
For the equation Y = a + bX, the objective of regression analysis is to
a.
estimate the parameters a and b.
b.
estimate the variables Y and X.
c.
fit a straight line through
Chapter 5 Practice Quiz
1
If Mary prefers bananas to plums plums to peaches, but is indifferent between bananas and
oranges, she
*a. prefers oranges to peaches.
a.
prefers plums to oranges.
b.
is indi
Chapter 7: Practice questions
1
Demand equations derived from actual market data are
a.
empirical demand functions.
b.
never estimated using consumer interviews.
c.
generally estimated using regressio
Chapter 12:
Practice questions
1
Which of the following is a characteristic of a monopoly market?
a.
one firm is the only supplier of a product for which there are no close substitutes
b.
entry into t
Chapter 11:
Practice questions
1
Which of the following is NOT a condition of a perfect competition:
a.
products produced by rival firms are perfect substitutes
b.
a single firm cannot affect market s
Chapter 10:
Practice questions
2
A linear specification, Q = aK + bL, is not appropriate for estimating a production function
because
*a.
the marginal products of the inputs are assumed constant.
b.
i
Assignment2
The dataset below contains information on the input of production data and on the output (in natural
logarithms) for 30 hypothetical companies. Your textbook uses logarithm of base 10 whic
Micro ECO 2302' ONLINE Extra Points Max: 15
Instructions: Please try your best to pick out the best answers by yourself with your own utmost academic effort.
Remember to send your answers to my Ul-l
CHAPTER 3
ANSWERS TO QUESTIONS FOR DISCUSSION AND PROBLEMS
QUESTIONS FOR DISCUSSION
1.
What does the supply and demand for human kidneys look like? If a market in
kidneys were legal, who would get the
ANSWERS TO QUESTIONS FOR DISCUSSION AND PROBLEMS
QUESTIONS FOR DISCUSSION
1. If you owned the only bookstore on or near campus, what would you charge for
this textbook? How much would you pay students
ANSWERS TO QUESTIONS FOR DISCUSSION AND PROBLEMS
QUESTIONS FOR DISCUSSION
l.
Is your school currently producing at capacity (i.e., teaching as many students as
possible)? What considerations might inh