Question 1
What is the satiating price for a Constant-elasticity price response function?
Zero
Does not exist
Equal to the Market size
Can be anything
Question 2
What does the term “Multicollinearity” refer to? (Select all that are applicable)
The dependent and independent variables are not-related
The dependent and independent variables are linearly related
The dependent variable is linearly related to another dependent variable
None of these
Question 3
What is the productive efficiency frontier?
It is an aspect of economic efficiency focussing on maximizing the output under given constraints
Productive efficiency frontier does not worry about optimal allocation, or choice of products
Effective usage of technology for allocating resources optimally
Consists of all combinations of outputs such that the production of one product cannot be increased without sacrificing the output of the other (without any change in technology)
29 more questions in this paper
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More on the Business Analytics End Term 30 Apr 2023 Set QPD1-S1 paper
The IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 30 Apr 2023, in the January 2023 term, set QPD1-S1: 32 questions for 45 marks in 180 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Business Analytics End Term 30 Apr 2023 Set QPD1-S1 at a glance |
|---|---|
| Term | January 2023 term |
| Subject | Business Analytics |
| Course code | BSMS2002 |
| Questions | 32 |
| Marks | 45 |
| Duration | 180 min |
| MCQ | 7 |
| MSQ | 5 |
| Numerical | 20 |
| Official paper | IIT M DIPLOMA ET1 EXAM QPD1 S2 30 Apr 2023 |
| Negative marking | No negative marking. |
| Updated |