What are the objectives of the firm

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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What are the objectives of the firm

  1. a)In half a page, and with use of cited references explain the objectives of the firm
  2. b)In half a page for each, and with the use of citations, describe
  3.           The profit model
  4.           The shareholder model
  5.           The agency model
  6. c)Search for a journal article that was written based on the agency model
  7.           In one page, explain the objectives of the research and how the model was applied.
  8.           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

  1.           Describe the application of price elasticity of demand concept in managerial economics.
  2.           What are its shortcomings?
  3.           Describe the application of cross elasticity of demand
  4.           What are its shortcomings?
  5.           Describe the application of income elasticity of demand concept in managerial economics.
  6.           What are its shortcomings?
  7. b)Search for a journal article that was written based on income elasticity of demand model
  8.           In one page, explain the objectives of the research and how the model was applied.
  9.           In one page, discuss the usefulness of its application on the subject of study.

 

Regression Analysis Assumptions.

  1. a)With respect to the topic of regression analysis assumptions, in half a page each and with use of citations
  2.           Describe the meaning of autocorrelation in econometric analysis.
  3.           What are its implications?
  4.           Describe the meaning of multicolinearity in econometric analysis.
  5.           What are its implications?
  6.           Describe the meaning of heteroscedasticity in econometric analysis.
  7.           What are its implications?

 

  1. b)Search for a journal article that was written based on autocorrelation analysis
  2.           In one page, explain the objectives of the research and how the model was applied.
  3.           In one page, discuss the usefulness of its application on the subject of study.
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