ECON 528 / ECON528 Midterm Exam. Questions And Answers (100% Correct) A+ Graded.ECON 528 / ECON528 Midterm Exam. Questions And Answers (100% Correct) A+ Graded.Started on Sunday, 23 September 2018, 8:02 PM State Finished Completed on S unday, 23 September 2018, 8:37 PM Time taken 34 mins 51 secs Ma...
econ 528 econ528 midterm exam questions and answers 100 correct a graded
economic costs of production differ from accounting costs in that
how many pounds of apples should
Written for
ECON 528
All documents for this subject (101)
Seller
Follow
StudyConnect
Reviews received
Content preview
ECON528-850-ECON528-010-201920
Started on Sunday, 23 September 2018, 8:02 PM
State Finished
Completed on Sunday, 23 September 2018, 8:37 PM
Time taken 34 mins 51 secs
Marks 20.00/20.00
Grade 10.00 out of 10.00 (100%)
Question 1
Correct
Mark 1.00 out of 1.00
Managerial economics
Select one:
a. helps managers make decisions in the face of scarcity.
b. ensures managers always make good decisions.
c. describes how pay for managers is set.
d. explains which products consumers will buy.
The correct answer is: helps managers make decisions in the face of scarcity.
, Question 2
Correct
Mark 1.00 out of 1.00
Economic costs of production differ from accounting costs in that
Select one:
a. economic costs include expenditures for hired resources while accounting costs do n
b. accounting costs are always larger than economic cost.
c. economic costs add the opportunity costs of a firm using its own resources while acc
costs do not.
d. accounting costs include expenditures for hired resources while economic costs do n
The correct answer is: economic costs add the opportunity costs of a firm using its own resources while acc
costs do not.
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 StudyConnect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.