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This is to inform that Quiz # 03 will be opened on Jan 15, 2016 and last date to attempt quiz will be Jan 19, 2016


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  • Quiz will be based on Multiple Choice Questions (MCQs), Covering video Lectures 18 to 27.  
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Replies to This Discussion


Quiz No. 3 ECO404

Question # 1 of 10 ( Start time: 02:39:58 PM ) Total Marks: 1
Multiple equation econometric models consist of:
Select correct option:
Equalities only
Identities only
Behavioral equations only
Both Identities and behavioral equations 

Question # 2 of 10 ( Start time: 02:40:51 PM ) Total Marks: 1
Profit is maximized where:
Select correct option:
Marginal revenue = Marginal cost
Marginal revenue = Average cost
Marginal cost = Average revenue
Average revenue = Average cost

Question # 3 of 10 ( Start time: 02:42:05 PM ) Total Marks: 1
If a firm takes opinion of different individuals for the purpose of forecasting, this is known as:
Select correct option:
Personal insight approach to forecasting
Panel consensus approach to forecasting
Delphi approach to forecasting
Time series analysis

Question # 4 of 10 ( Start time: 02:43:17 PM ) Total Marks: 1
Fluctuations should be random. It is the requirement of which of the following technique(s)?
Select correct option:
Moving average technique only
Exponential smoothing technique only
Both moving average and exponential techniques
Barometric technique

Question # 5 of 10 ( Start time: 02:44:32 PM ) Total Marks: 1
Non-price determinant of supply includes:
Select correct option:
Prices of other goods or services
Input prices
Weather conditions
All of the given options 

Question # 6 of 10 ( Start time: 02:45:31 PM ) Total Marks: 1
If the percentage change in profit is Rs. 400 and percentage change in sales is Rs. 100 then what will be the degree of operating leverage?
Select correct option:

Question # 7 of 10 ( Start time: 02:46:43 PM ) Total Marks: 1
Given the Cobb Douglas production function: Q = ALaKb There will be decreasing returns to scale if:
Select correct option:
a + b > 1
a + b < 1 
a + b = 1
a + b = 0

Question # 8 of 10 ( Start time: 02:47:37 PM ) Total Marks: 1
Y = a + bX + e "b" shows ----------------- in this regression equation.
Select correct option:

Question # 9 of 10 ( Start time: 02:49:01 PM ) Total Marks: 1
Given the marginal cost function, MC = 5Q2 – 10Q + 50, what is dMC/dQ?
Select correct option:
5Q + 50
10Q - 10
10Q + 50
5Q – 10Q

Question # 10 of 10 ( Start time: 02:49:44 PM ) Total Marks: 1
In which of the following cases, cost elasticity will be more than one?
Select correct option:
When percentage change in cost is less than the percentage change in output
When percentage change in cost is greater than the percentage change in output
When percentage change in cost is equal to the percentage change in output
When percentage change in cost is less than the percentage change in input


Quiz 03 file attached


file Quiz 03



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