Questions from Managerial Economics

Q: Cite some examples of forecasting problems that might be addressed using regression

Cite some examples of forecasting problems that might be addressed using regression analysis of complex multiple-equation systems of economic relations.

Q: What are the main characteristics of accurate forecasts?

What are the main characteristics of accurate forecasts?

Q: : Describe the monopoly market structure and provide some examples.

Describe the monopoly market structure and provide some examples.

Q: Describe the economic effects of countervailing power, and cite examples of

Describe the economic effects of countervailing power, and cite examples of markets in which countervailing power is observed.

Q: : From a social standpoint, what is the problem with monopoly

From a social standpoint, what is the problem with monopoly?

Q: : Why are both industry and firm demand curves downward sloping in

Why are both industry and firm demand curves downward sloping in monopoly markets?

Q: : Give an example of monopoly in the labor market. Discuss

Give an example of monopoly in the labor market. Discuss such a monopoly's effect on wage rates and on inflation.

Q: Question: Oh, Lord, Won’t You Buy Me a Mercedes

Oh, Lord, Won’t You Buy Me a Mercedes-Benz (Factory)?1 In 1993, Alabama emerged victorious as the site of Mercedes-Benz AG’s first U.S. car plant. States like Alabama are vying more desperately than...

Q: : Given the difficulties encountered with utility regulation, it has been

Given the difficulties encountered with utility regulation, it has been suggested that nationalization might lead to a more socially optimal allocation of resources. Do you agree? Why or why not?

Q: : Antitrust statutes in the United States have been used to attack

Antitrust statutes in the United States have been used to attack monopolization by big business. Does labor monopolization by giant unions have the same potential for the misallocation of economic re...