Ecn 104 exam - Study guides, Class notes & Summaries

ECN 104 EXAM QUESTIONS AND CORRECT ANSWERS ALREADY PASSED A firm's supply curve is upward sloping because: A) beyond some point the production costs of additional units of output will rise. B) consumers envision a positive relationship between price and quality. C) mass production economies are associated with larger levels of output. D) the expansion of production necessitates the use of qualitatively inferior inputs. - Answer- A) beyond some point the production costs of additional...

ECN 104 EXAM QUESTIONS AND ANSWERS ALL CORRECT NEW UPDATE Deciding whether to invest - Answer- 1. Revenues 2. Expenses 3. Depreciation 4. Net Income 5. Operating Cash Flow 6. Total change in NWC 7. Capital spending 8. Net cash flow 9. NPV Arbitrage - Answer- Investors exploiting price differences in assets between different locations Yield - Answer- Income received while owning an asset Capital gain - Answer- Increase in value of the asset Hedge funds - Answer- Only accept ...

ECN 104 Mid Term Exam Questions with 100% Correct Answers As your hourly wage rises, your A) marginal opportunity cost of attending school increases. B) value of your best alternative decreases. C) marginal opportunity cost of attending school decreases. D) marginal benefit of attending school decreases. E) ability to concentrate decreases. - Answer- A) marginal opportunity cost of attending school increases. A fall in the price of a product results in a decrease in quantity supplied. ...

ECN 104 Midterm Exam 2024 with Complete Solutions Rationing function of prices - Answer- The ability of competitive forces of supply and demand to establish a price at which selling and buying are consistent. Productive Efficiency - Answer- Producing the right amount of goods, and the lowest cost, with the best technology. Allocative Efficency - Answer- Producing the right amount of each product as per market demand. Price Ceiling - Answer- The maximum legal amount that that a seller m...