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Illustrate the Durbin-Watson test and comment on its usefulness for autocorrelation. Illustrate the term heteroscedasticity, emphasising on problems that it represents for Ordinary Least Square (OLS)
Explain why a country’s development strategy should comprise plans for attaining agricultural progress and rural development.
Evaluate the strength of Human Development Index as accurate measure of standard of living in country.
Illustrate with the aid of a diagram, the Electronic Commerce “Consumer Behaviour Model”. What are the 4 major strategies employed to compile user profiles in order to determine consumer b
Just as there is competition in businesses and the conventional market, competition also takes place in the digital economy. What are the characteristics compulsory for perfect competition in digita
Describe the meaning of syndication, which is considered as an EC mechanism. Describe by means of a diagram the “syndication supply chain”. Support your answer with concise explanatory not
State the term INCOTERMS 2000. What are the major roles of the buyer and the seller under the following INCOTERMS 2000: CIF, EXW and FOB?
The Managing Director has requested you, as the Procurement Manager of AW, to write a report highlighting the issues which require to be addressed before a final decision concerning the adoption of
Explain the numerous types of conditions which might exist in a contract. State three kinds of exemption clauses.
Explain how environment economists use the concept of ‘Consumer Surplus’ and ‘Total Economic Value’ to estimate harm to environmental resources.
Discuss in brief:Ramsey Pricing and Peak-load Pricing. Describe the Marris’s Theory of Managerial Enterpris.
Describe three models of oligopoly and describe the strategic interactions among firms regarding either pricing or output decisions in each case. Use illustrations to exemplify your answer.
Make a distinction between exogenous and endogenous variables, using relevant examples. Make a recursive model (three-equation system) and describe why OLS can be applied to each equation separately?
Derive and illustrate the Dorfman and Steiner condition for optimal advertising. Outline how marginal revenue productivity (MRP) theory recommends that level of wages in an industry is determined unde
What distinguishes Keynes’ Liquidity preference Framework from the Friedman’s Modern Quantity Theory? Evaluate the monetary policy tools which the Central Bank can use to manipulate the mo
Derive GGC’s marginal revenue (MR) and marginal cost (MC) curves in each market. Show graphically GGC’s demand, MR, and MC curves for each market.
Mention the fixed and variable cost in shipping industry? Explain the nature and scope of the managerial economics? Describe the measures to correct the disequilibrium in balance of payments?
Briefly describe the term Material Balance model. Describe different techniques of Managerial Economics?
In the next three months the firm can sell only 15,000 units at a price of Rs. 30 per unit. Alternatively, if the plan is shut down, the fixed manufacturing costs can be decreased to Rs. 60,000. Add
What are the advantages and disadvantages of NPN method of capital budgeting?
Describe the following concepts: Arc Elasticity and Point Elasticity. How the above concepts of elasticity are useful for managers in decision making?
What do you mean by the term managerial Economics .What is its scope and significance of a corporate firm? Describe how managerial economists can advice the top management of consumer’s goods
List any two responsibilities of a managerial economist. Explain managerial economics? Explain its characteristics.
Bertrand solution (simultaneous choice of prices). How much each of the firms is producing and what is the resulting price?
The minimum number of members in a public company is___________ and a private company is _______________.