Question 1

Mathematical economics involves the application of statistical tools to estimate economic models.

Accepted Answer

A) True 
 B)False

Question 2

The ultimate test of the value of an economic theory is whether it is based on reasonable assumptions.

Accepted Answer

A) True 
 B)False

Question 3

If a computer software company introduces a new program and finds that orders from wholesalers far exceed the number of units that are being produced,

Accepted Answer

A)  there is an excess supply and price can be expected to decrease. 
B)  there is an excess supply and price can be expected to increase. 
C)  there is an excess demand and price can be expected to decrease. 
D)  there is an excess demand and price can be expected to increase. 
A)  there is an excess supply and price can be expected to decrease. 
B)  there is an excess supply and price can be expected to increase. 
C)  there is an excess demand and price can be expected to decrease. 
D)  there is an excess demand and price can be expected to increase.

Mathematical economics involves the application of statistical tools to estimate economic models.

The ultimate test of the value of an economic theory is whether it is based on reasonable assumptions.

If a computer software company introduces a new program and finds that orders from wholesalers far exceed the number of units that are being produced,

Demand Theory

Demand Estimation

Demand Forecasting

Production Theory and Estimation

Cost Theory and Estimation

Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition

Oligopoly and Firm Architecture

Game Theory and Strategic Behavior

Pricing Practices

Regulation and Antitrust: The Role of Government in the Economy

Risk Analysis

Long-Run Investment Decisions: Capital Budgeting

Filters

Exam 1: The Nature and Scope of Managerial Economics, Optimization Techniques and New Management Tools

Mathematical economics involves the application of statistical tools to estimate economic models.

The ultimate test of the value of an economic theory is whether it is based on reasonable assumptions.

If a computer software company introduces a new program and finds that orders from wholesalers far exceed the number of units that are being produced,

Demand Theory

Demand Estimation

Demand Forecasting

Production Theory and Estimation

Cost Theory and Estimation

Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition

Oligopoly and Firm Architecture

Game Theory and Strategic Behavior

Pricing Practices

Regulation and Antitrust: The Role of Government in the Economy

Risk Analysis

Long-Run Investment Decisions: Capital Budgeting

Filters