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Managerial Economics Midterm Exam

Assignment Requirements
 
 
This is a midterm exam so please help me  find all answers and I will upload the questions to my account. I do not need a cover page and any references. Thank you very much.
Mid-Term Exam, Managerial Economics,  Spring 2014,  Dr. Soon Paik,  Name(                                     )
 

O or X (True or False)

 
(              ) (1) The present value of future profit is not related to financial market.
(              ) (2) The relation between managers and team members is a principal-agent problem.
(              ) (3) The optimum output is related to the production function.
(              ) (4) The derivative is the average slope of function.
(              ) (5) The optimum inputs are related to cost equation.
 
(              ) (6) The optimum inputs are related to revenue function.
(              ) (7) Reengineering is following other firm’s better processes.
(              ) (8) The unemployment data is to be obtained from www.census.gov.
(              ) (9) The monopolist’s demand function is the market demand function.
(              ) (10) The perfect competitive firm’s demand function is the market demand function.
 
(              ) (11) The long-run price elasticity of demand is inelastic.
(              ) (12) The elastic cross-price of demand indicates the substitute goods.
(              ) (13) The utility function is composed of quantities and prices.
(              ) (14) The indifference curves can not cross each other.
(              ) (15) The price line is nothing to do with the income level.
 
(              ) (16) The optimum consumption is related to marginal utilities.
(              ) (17) The chicken is a normal good related to beef.
(              ) (18) The chicken is a normal good related to potatoes.
(              ) (19) The substitute goods are related to own price changes.
(              ) (20) The slope of indifference curve is the price ratio.
 
(              ) (21) Watching customers’ behaviors is the custom clinics.
(              ) (22) The -3.07 price elasticity of orange means inelastic.
(              ) (23) The +1.56 cross-price elasticity of orange means substitute goods.
(              ) (24) The +0.01 cross-price elasticity of orange means complement goods.
(              ) (25) The regression line is the scatter diagram.
 
(              ) (26) The regression line is the model.
(              ) (27) The t > 2 means that estimated coefficients are zero.
(              ) (28) Delphi method is a survey.
(              ) (29) Optimum inputs are related to the input prices.
(              ) (30) Returns to scale are related to iso-cost lines
 

Summarize

 
(1)    Managerial economics:
 
 
(2)    Business ethics:
 
 
(3)    Optimum rules for consumption:
 
 
(4)    GDP components:
 
 
(5)    Price/income/cross-price elasticity of demand:
 
 
(6)    Managerial decision-making on elasticity:
 
 
(7)    Consumption-price path and demand curve:
 
 
(8)    Substitute goods and complement goods:
(9)    Least-squared estimation:    
 
(10)Model and scatter diagram:
 
(11)Estimated coefficients:
 
(12)R-square and t:
 
(13)Components of time series:
 
 
(14)Optimum rules for inputs and output:
 
 
 
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