Define econometric in 200 words!

Q: When managing time, consumers should consider time as if it were: (a) money or a scare resource (b)…

A: Having a resource that is scarce, including money and also time, is something that will be of…

Q: Why would you rather use real variables in an economic analysis

A: Real variables are those where the impacts of costs or potentially expansion have been taken out.…

Q: Inflation Unemployment If the Phillip curve shows that unemployment is low and inflation is high in…

A: Philips curve is a curve that shows inverse relationship between unemployment and inflation. If…

Q: How Many decisions in business and economics require quantitative estimates? why ?

A: Almost every business and economic decision requires quantitative research. Data is very important…

Q: Industry demand is given by P = 200 – .4Q. The long-run industry costs are such that: LAC = LMC =…

A: Answer -

Q: Company A plans to replace with one of their current equipment with one of the three options shown…

A: The image below contains the formula behind the cells:

Q: Assume that the price and income elasticities of demand for luxury cars are Ep = -0.52 and I y = 3.2…

A: Answer: Given, EP=-0.52EY=3.2% increase in price in the coming year=2%% increase in income=8% The…

Q: The following game matrix represents an interaction between the Science and Humanities faculties at…

A: In the context of game theory, a game is a mathematical model that represents a situation where…

Q: Suppose that a firm is selling a good with a marginal cost of $35. Management estimates demand…

A:

Q: Can you give an example of cost-savings?

A: Answer: Cost reduction is a continuous process of implementing various ways to bring a reduction in…

Q: Time Period at higher wages, more workers will seek to enter the industry, thereby adding to the…

A: The equilibrium wage rate is determined where the demand and supply for labor are equal. The wage…

Q: (a) How can you tell if these cost curves are for the short run or the long run? (b) What does the…

A: Total costs TC equals TFC plus TVC. Total fixed costs (TFC) are the total payment of the firm on…

Q: Ana is in a band and likes to advertise upcoming shows using flyers she posts around the city.…

A:

Q: (g) Show that, if M falls to $1034, with Px = 8 and Py = 5, then this has the same utility as the…

A: From part d: The optimal demand equation for good X is X=2M3Px       .....(1) The optimal demand…

Q: Yvette's Performance Pizza is a small restaurant in Miami that sells gluten-free pizzas. Yvette's…

A: Factors of production are the resources used in the production of goods and services.  Factors of…

Q: What is Base-Case Analysis?

A: In the financial model, while the process of inputting data, there would have been several…

Q: Define analysis,

A: Analysis: - it is the process of examining complex things to understand their nature.

Q: 3. In a model of quantity competition, duopolists compete for a market where demand is given by P =…

A: In Stackelberg duopoly, two firms compete in quantity where one firm is a leader and the other is a…

Q: 1. The Following data is given for the period 1999-2003 Interest rate Inflation i TT 1999 4.7 4.4…

A: A multiple regression equation describes the combined effect of all the predictors in the model.…

Q: PROBLEM (4) Firm A and Firm B with identical total costs TCA (QA) = 2 and TCB(QB): related goods and…

A: There are 2 firms- Firm A and Firm B.Total CostsDemand functionsThe firms are producing related…

Q: A network switch costing Php 300,000 has an estimated life of 6 years with a book value of Php…

A: Given: Cost of network switch=Php 300000 Book value at the end=Php 75000 Useful Life=6 years To…

Q: 1 2 WN 3 4 5 6 7 8 9 WN=86 10 11 12 A B Capital (K) 1 1 1 1 1 1 1 1 1 1 с Labor (L) 1 AWNP 2 3 4 5 6…

A: Total product is the total amount of quantities produced by the labors.  Average product is the…

Q: What should the value of "a" be if in the mixed strategy equilibrium we found out player 2 assign…

A: In a mixed strategy equilibrium, the chance assigned to each method with the aid of the participant…

Q: break even point.

A: Total Cost (TC) is a complete degree that represents the overall monetary price of manufacturing a…

Q: What are factors affecting economic analysis?

A: A study of the economic system can be defined as an economic analysis. The economic analysis helps…

Q: 3. An electronics plant's production function is Q = 5LK, where Q is its output rate, L is the…

A: Given:- Here we have, Q=5LK, where labour = L=$1 per unit and capital = K=$2 per unit also Q=1000…

Q: Explain the different approaches in doing research 1. Descriptive Research 2. Analytical Research 3.…

A: The following methods of Research can be explained as follows :

Q: What do Experience curves tell us?

A: According to the economic concept of an experience curve, a company becomes more efficient the more…

Q: The officers and Board of Directors of the Philippine Institute of Civil Engineers desire to award a…

A: a. The cash flow diagram for the given details is showing below. Initially, they deposited $18,000…