SECTION A: 13 MULTIPLE CHOICE QUESTIONS
Each MCQ question is given 1.5 marks.
When the estimated slope coefficient in the simple regression model, 1 , is zero,
1.
a.
b.
c.
d.
2.
R2 = Y .
0 < R2 < 1.
R2 = 0.
R2 > (ESS/TSS).
In a multiple regression analysi
Singapore Management University
School of Economics
ECON107 Applied Econometrics
Term 1, AY2013 2014
Sections G3 G5 (Professor Chow Hwee Kwan)
Assignment 1 (Topics: Weeks 1 4)
Question 1
For this question, you are required to download the EAEF (Educationa
ECON107 Applied Econometrics
MidTerm Test Comments
Statistics
25th percentile: 15.5; 50th percentile: 19.5; 75th percentile: 23.3
Question 1 (a) 2 marks
The better answer is that of homoscedasticity. (Nevertheless, we also accepted answers that
mentione
Sample Midterm Test (with Answers)
1.
State all the necessary assumptions of a multiple regression model in order for the
ordinary least squares estimators to be BLUE.
ANSWER:
1. The model is linear in parameters and correctly specified.
2. There does no
AB1101 Accounting I
Semester 1, 2013/2014
Lecture 8
The Manufacturing Company
Learning Objectives of Lecture 8
1. What are the cost concepts for
manufacturing companies?
2. What are the product costing systems?
3. To understand product cost flow in a jobo
TRIAL TEST
TEAM NAME: _
Q1) Which of the following is false about Activity Based Costing (ABC)?
(A) Apportionment of overheads based on cost driver
(B) It is a traditional absorption accounting approach
(C) Relies on an approximate measure for each overhe
CHAPTER 1
THE MARKET
The conventional rst chapter of a microeconomics book is a discussion of
the scope and methods of economics. Although this material can be very
interesting, it hardly seems appropriate to begin your study of economics
with such materi
CONTENTS
Preface xix
The Market
Constructing a Model 1 Optimization and Equilibrium 3 The De
mand Curve 3 The Supply Curve 5 Market Equilibrium 7 Com
parative Statics 9 Other Ways to Allocate Apartments 11 The Dis
criminatmg Monopoltst o The Ordinary M
Chapter 16: General Equilibrium and Economic Efficiency
PART IV
INFORMATION, MARKET FAILURE,
AND THE ROLE OF GOVERNMENT
CHAPTER 16
GENERAL EQUILIBRIUM AND ECONOMIC EFFICIENCY
QUESTIONS FOR REVIEW
1. Why can feedback effects make a general equilibrium anal
Chapter 2: The Basics of Supply and Demand
CHAPTER 2
THE BASICS OF SUPPLY AND DEMAND
QUESTIONS FOR REVIEW
1. Suppose that unusually hot weather causes the demand curve for ice cream to shift to the
right. Why will the price of ice cream rise to a new mark
Chapter 1: Preliminaries
PART I
INTRODUCTION:
MARKETS AND PRICES
CHAPTER 1
PRELIMINARIES
1
Chapter 1: Preliminaries
QUESTIONS FOR REVIEW
1. It is often said that a good theory is one that can be refuted by an empirical, dataoriented study. Explain why a t
Chapter 12: Monopolistic Competition and Oligopoly
CHAPTER 12
MONOPOLISTIC COMPETITION AND
OLIGOPOLY
EXERCISES
1. Suppose all firms in a monopolistically competitive industry were merged into one large
firm. Would that new firm produce as many different b
Chapter 10: Market Power: Monopoly and Monopsony
PART III
MARKET STRUCTURE AND COMPETITVE STRATEGY
CHAPTER 10
MARKET POWER: MONOPOLY AND MONOPSONY
EXERCISES
1. Will an increase in the demand for a monopolists product always result in a higher
price? Expla
Chapter 9: The Analysis of Competitive Markets
CHAPTER 9
THE ANALYSIS OF COMPETITIVE MARKETS
EXERCISES
1. In 1996, the U.S. Congress raised the minimum wage from $4.25 per hour to $5.15 per
hour. Some people suggested that a government subsidy could help
Chapter 1: Preliminaries
PART I
INTRODUCTION:
MARKETS AND PRICES
CHAPTER 1
PRELIMINARIES
1
Chapter 1: Preliminaries
EXERCISES
1. Decide whether each of the following statements is true or false and explain why:
a. Fast food chains like McDonalds, Burger K
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Chapter 2: The Basics of Supply and Demand
CHAPTER 2
THE BASICS OF SUPPLY AND DEMAND
EXERCISES
1. Suppose the demand curve for a product is given by Q=3002P+4I, where I is average
income measured in thousands of dollars. The supply curve is Q=3P50.
a.
I