MGCR 293 International Business Final Exam Practice Multiple-Choice Questions and answers new update McGill University
10 views 0 purchase
Course
MGCR 293 International Business
Institution
MGCR 293 International Business
MGCR 293 International Business Final Exam Practice Multiple-Choice Questions and answers new update McGill University
Section 1: 50 Questions: Each question is worth 1 point.
1. A firm’s total cost function is TC = 100 + 50Q – 10Q2 + Q3. What is the output level (Q*) that minimizes the ave...
MGCR 293 International Business Final Exam
Practice Multiple-Choice Questions and
answers new update McGill University
,
, lOMoARcPSD|6353920
1
Practice Questions for the Final Exam, MGCR
293 Managerial Economics
Instructions:
The final exam is cumulative; however, majority of questions will be from Chapter 6 – Chapter
12. You still have to use some topics/formulas from previous chapters to answer the questions
in the final exam.
Format of the practice questions is the same as the final exam:
o There is a total of 75 questions worth 100 points. The questions are separated into 2
sections, as follows:
Section 1: 50 questions; each question is worth 1 point.
Section 2: 25 questions; each question is worth 2 points.
o The time limit for the final exam is 3 hours + 30−min. grace period.
o You will write the final exam in Quizzes, myCourses. That is the same way you have
done in the midterm exam.
Final exam schedule:
o Timed open−book exam: From 18 Dec 2020 at 2 PM to 20 Dec 2020 at 2 PM (48
hours access period).
o You will have 3 hours + 30-min grace period to complete the final exam.
Section 1: 50 Questions: Each question is worth 1 point.
1. A firm’s total cost function is TC = 100 + 50Q – 10Q2 + Q3. What is the output level (Q*)
that minimizes the average variable cost?
A. Q* = 5 units.
B. Q* = 10 units.
C. Q* = 15 units.
D. Q* = 20 units.
E. None of the above.
2. A firm’s total cost function is TC = 10 + 5Q – 9Q2 + 0.5Q3. What is the output level (Q*) at
which diminishing marginal returns occur?
A. Q* = 5 units.
B. Q* = 6 units.
C. Q* = 12 units.
D. Q* = 20 units.
E. None of the above.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller smartzone. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.