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Subjective questions of todays paper on 19th Dec, 2015

  1. What are the flaws in engineering technique
  2. What are the advantages of econometric forecasting
  3. Describe three types of barometric forecasting indicators with examples
  4. What are the assumptions in Linear Programming
  5. Estimate the simple regression equation i.e. Y=a+bX

                 Given values were 

                  n, sigma X, sigma Y, sigma (X-Xt)2, sigma (X-Xt)(Y-Yt)

 Python

Thanks 

 

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Share Your Current Mid Term Papers (Questions/Pattern) 19 December 2015 to 01 January 2016 to help each other. Thanks

 

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20-12-2015 my Today's Exam:

Why econometric model is considered to be superior among all other quantitative techniques?

 

 

Consider the following diagram; point out the breakeven level of output and breakeven level of cost and sales.

 

 

 

 

ABC manufacturing has estimated that the marginal product of the last worker (6th) employed is 40 units of output per day and the daily wage firm must pay is $10, while the marginal product of the last machine (5th) rented by the firm is 120 units of output per day and the daily rental price of the machine is $30.

Calculate

  1. I.      MRTS (slope of isoquant).
  2. II.    Ratio of prices of inputs (slope of iso cost line).
  3. Does this employment level (6 worker and 5 machines) confirms the optimal input combination for the firm?

 

 

 

 

 

Following table shows the total cost, fixed cost and variable cost associated with their production process. Estimate their average variable cost (AVC) and marginal cost (MC) from the information.

Quantity

Total cost (TC)

Fixed Cost (FC)

Variable Cost (VC)

1

80

60

20

2

90

60

30

3

105

60

45

4

140

60

80

5

195

60

135

 

 

Calculate the explained variation from the given information in the following table.

Year

Yt (Sales)

Estimated

t

1

44

42.90

2

40

39.37

3

42

46.43

4

46

49.96

5

48

46.43

 

 

 

 

 Pirates  thanks for sharing 

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