ECON528 Midterm Exam Questions And Answers A+ Grade
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ECON 528 / ECON528 Midterm Exam. Questions And Answers (100%
Graded
ECON528-850-ECON528-010-
Started onSunday, 23 September 2018, 8:02 PM
StateFinished
Completed onSunday, 23 September 2018, 8:37 PM
Time taken34 mins 51 secs
Marks2...
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ECON 528 / ECON528 Midterm Exam. Questions And Answers (100% C
Graded
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.
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