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EFoM 2020 Flashcards | StudBud
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EFoM 2020
EFoM 2020
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1
Which firms are more likely to be called "monopolists"?
Russian Railways, SPb Metro
Kia, Hyundai, Lada
Zara, H&M, Mango
Xiaomi, Huawei
2
What are the main methods of analysis of historical data?
Machine Learning and Artificial intelligence, Econometrics, Big Data
Econometrics, Probability theory, Statistics
Statistics, Big Data, Machine Learning and Artificial intelligence
Probability theory, Statistics, Big Data
3
What is Total Revenue?
The amount of money you earn from sales minus the initial value of product
The amount of money you earn from sales plus the initial value of product
The amount of money you earn from sales
The amount of money you lose because of sales
4
What is Marginal Revenue?
The change of profit as a result of selling one additional unit
The change of total revenue as a result of selling one additional unit
The change of total revenue as a result of selling one unit
The change of profit as a result of selling one unit
5
For which of functions MR curve always crosses the horizontal axis at the center of the interval between zero and Q
max
?
Linear demand function
Non-linear demand function
6
What is the main rule of profit maximization?
MR = TR
TR = MC
MR = MC
Profit = MC
7
Which the following Yandex services may be useful for demand evaluation?
Yandex Taxi
Yandex Vsglyad (Яндекс Взгляд)
Yandex Translator
Yandex Mail
8
What are the two types of experimental method of demand evaluation?
Controlled consumer experiments & Controlled market studies
Controlled consumer studies & Uncontrollable market experiments
Controlled consumer studies & Controlled market experiments
Uncontrollable consumer experiments & Controlled market studies
9
Which factors may affect businesses?
Prices of substitutes
Average incomes
Expectations
Availability of statistical data on the Internet
10
What are the names of your assistants?
Daniil, Alice, Maxim, Anna, Aleksey, Sergey, Valeriy
Alexander, Oleg, Alina, Olga, Elena, Kirill, Daria
Alexander, Anna, Alina, Alina, Kristina, Sergey, Dmitriy
11
What are the names of your professors?
Philipp Valerievich, Vladimir Grigorievich
Vladimir Vladimirovich, Dmitriy Anatolievich
Boris Vasilievich, Oleg Borisovich
Maksim Anatolievich, Dmitriy Alekseevich
12
MR function ...
lies below Demand curve
lies above Demand curve
is parallel line to the Demand curve
intersects Demand curve
13
What is the name of green line?
Demand curve
Supply curve
Demand line
Supply line
14
What was Maksim Anatolievich wearing during video lectures?
Bow tie
Tie
15
The World Bank, Eurostat, OECD are used for ...
communication between customers and producers
finding publicly available data
distributing surveys among our target audience
for propaganda of particular countries
16
What does this picture show?
Progression analysis
Regression analysis
Bundling
Line analysis
17
What are the main methods of demand evaluation?
Survey, interview, descriptive statistics
Experiment, observation, historical data
Survey, experiment, historical data
Historical data, survey, interview
18
The market power is the ability of the firm...
to maintain the price without losing customers
to increase the price without losing customers
to decrease the price without losing customers
to increase the price by losing customers
19
What is the monopoly?
A market with only one buyer
A market with only 2 buyers
A market with only one seller
A market with only two sellers
