Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter8: Business Organizations
Section: Chapter Questions
Problem 1AA
Related questions
Question
What are the objectives of the firm
- a)In half a page, and with use of cited references explain the objectives of the firm
- b)In half a page for each, and with the use of citations, describe
- The profit model
- The shareholder model
- The agency model
- c)Search for a journal article that was written based on the agency model
- In one page, explain the objectives of the research and how the model was applied.
- In one page, discuss the usefulness of its application on the subject of study.
Demand Analysis With respect to the topic of demand analysis, in half a page each and with use of citations
- Describe the application of price
elasticity of demand concept inmanagerial economics . - What are its shortcomings?
- Describe the application of cross elasticity of demand
- What are its shortcomings?
- Describe the application of income elasticity of demand concept in managerial economics.
- What are its shortcomings?
- b)Search for a journal article that was written based on income elasticity of demand model
- In one page, explain the objectives of the research and how the model was applied.
- In one page, discuss the usefulness of its application on the subject of study.
Regression Analysis Assumptions.
- a)With respect to the topic of regression analysis assumptions, in half a page each and with use of citations
- Describe the meaning of autocorrelation in econometric analysis.
- What are its implications?
- Describe the meaning of multicolinearity in econometric analysis.
- What are its implications?
- Describe the meaning of heteroscedasticity in econometric analysis.
- What are its implications?
- b)Search for a journal article that was written based on autocorrelation analysis
- In one page, explain the objectives of the research and how the model was applied.
- In one page, discuss the usefulness of its application on the subject of study.
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