Econ528 - Study guides, Class notes & Summaries

ECON528-850-ECON528-010- 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...

ECON528-850-ECON528-010- Started on Monday, 8 October 2018, 10:05 PM State Finished Completed on Monday, 8 October 2018, 10:51 PM Time taken 45 mins 58 secs Marks 15.00/20.00 Grade 7.50 out of 10.00 (75%) Question 1 Incorrect Mark 0.00 out of 1.00 Question 2 Incorrect Mark 0.00 out of 1.00 The law of diminishing marginal returns states that increases in the variable input reduce the total product. Select one: True False The...

Econ test 3 Questions with Complete Solutions

Managerial economics is best defined as the economic study of - ANSWERSHow businesses can decide on the best use of scarce resources Managerial economics: - ANSWERSHelps managers make decisions in the face of scarcity Microeconomics includes the study of the - ANSWERSChoices made by individuals and businesses The form of economics most relevant to managerial decision-making within the firm is - ANSWERSMicroeconomics CEOs should focus on - ANSWERSMaximizing firm profits Managerial ...

Monopolistic competition means: <a market situation where competition is based entirely on product differentiation and advertising. <a large number of firms producing a standardized or homogeneous product. <many firms producing differentiated products. <a few firms producing a standardized or homogeneous product. many firms producing differentiated products. Monopolistic competition is characterized by a: <few dominant firms and low entry barriers. <large number of fi...

ECON102 Exam Questions with 100% Correct Answers Government purchases include all of the following EXCEPT: -The construction of a new courthouse built by the state government - The salary paid to a high school teacher employed by a local public school catchment - welfare benefits paid by the federal government -The purchase of new military hardware by the Australian Defense Force - welfare benefits paid by the federal government Real GDP measures the _______________ of production. -. C...

Econ 2006 final Exam Questions with 100% Correct Answers macroeconomics - conveys the overall health of the economy using such measures as unemployment, inflation, and economic growth rates microeconomics - the study of how individual households and firms make decisions and how they interact in markets fiscal policy - using taxes and government spending to shape economic conditions monetary policy - using the money supply to change interest rates to increase or decrease consumption and ...

ECON 1103 Final Exam Questions with 100% Correct Answers Absolute advantage - the comparison among producers of a good according to their productivity Aggregate-demand curve - a curve that shows the quantity of goods and services that households, firms, and the government want to buy at each price level Aggregate-supply curve - a curve that shows the quantity of goods and services that firms choose to produce and sell at each price level Appreciation - an increase in the value of a curr...

ECON 350 Portion 3 Exam Questions with 100% Correct Answers A company's stock price jumped when it announced that its revenue had decreased because of the quality issues of its products. This is an example of ________. - Unsystematic risk If the Federal Reserve were to change from an expansionary to a contractionary monetary policy, this would be an example of ________. - Systematic risk The S&P 500 index delivered a return of 10%, 15%, 15%, and -30% over four successive years. What is...

ECON 350 Portion One Exam Questions with 100% Correct Answers The price paid for the rental of borrowed funds (usually expressed as a percentage of the rental of $100 per year) is commonly referred to as the - Interest rate (I) A bond is a debt security that promises to make payments periodically for a specified period of time. (II) A stock is a security that is a claim on the earnings and assets of a corporation. - Both are true. Use the information for the question(s) below. Alaska No...