Upward sloping - Study guides, Class notes & Summaries

If, when a firm doubles all its inputs, its average cost of production decreases, then production displays A) diminishing returns. B) economies of scale. C) diseconomies of scale. D) declining fixed costs. correct answers B) economies of scale. The long-run average cost curve shows A) the lowest average cost of producing every level of output in the long run. B) where the most profitable level of output occurs. C) the average cost of producing where diminishing returns are not present....

ECS1500 Assignment 1 Semester 2 2023 (ANSWERS) Question 1 Incorrect Mark 0.00 out of 2.00 Flag question Question text The service of an information technology specialist will form part of the production factor, capital. Select one: a. True b. False Feedback Your answer is incorrect. The service of an information technology specialist will form part of the production factor, labour. This entails the use of the abilities and talents of a person who will be paid a wage or salary...

NURS 6551 Pediatrics Final Exam Questions and Answers - Latest 2023/2024 | Graded. A 6-year-old boy is left alone for 10 hours, now with hematemesis and pneumomediastinum on chest x-ray. Which of the following is the most likely etiology? Selected Answer: a. Insecticide ingestion  Question 11 1 out of 1 points In mild to moderate attacks of acute asthma, Albuterol should be given every 4-6 hours prn and routine medication should be Selected Answer: c. Continued as usual  Qu...

The XYZ Corporation's income statement contains the following information: Total revenue $200,000 Cost of goods sold $60,000 Administrative expenses $30,000 Depreciation $10,000 Miscellaneous expenses $3,000 Taxes paid $5,000 Based on this information, what is XYZ's gross profit? A. $140,000 B. $100,000 C. $97,000 D. $110,000 correct answers $140k An investor purchased 300 shares of Amalgamated Auto Parts (AAP) at a price of $60 per share. Shortly after the purchase, with t...

ECS2601 Assignment 4 (QUIZ) Semester 1 % TRUSTED workings, explanations and solutions. Whatsapp 067 171 1739 for assistance. ............................................................... In the short run, a perfectly competitive firm earning positive profit is … a. at the minimum of its ATC. b. on the upward sloping portion of its ATC. c. on the downward sloping portion of its ATC. d. above its ATC. If current output is less than the profit-maximising output, then the next unit prod...

Ryerson University Department of Economics ECN 204 Final Exam Winter 2016 Version One Duration: 2 Hours Name__________________________ Student #________________________________ Select the BEST answer and record it both on the test and the scanner sheet. 1) The aggregate demand curve: a) is upward sloping because a higher price level is necessary to make production profitable as production costs rise. b) is downward sloping because production costs decline as real output increases? c) ...

Exam 2 Questions & Answers FINC514. Chapter 6 - CORRECT ANSWER Chapter 6 Which tend to be more volatile, short- or long-term interest rates? - CORRECT ANSWER Short-term interest rates If the inflation rate was 3.00% and the nominal interest rate was 4.60% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. - CORRECT ANSWER The nominal interest rate consists of the real ...

If, when a firm doubles all its inputs, its average cost of production decreases, then production displays a.) diminishing returns b.) economies of scale c.) diseconomies of scale d.) declining fixed costs correct answers b. ) economies of scale The long-run average cost curve shows A) the lowest average cost of producing every level of output in the long run. B) where the most profitable level of output occurs. C) the average cost of producing where diminishing returns are not prese...

ECS1601Test bank with answers Economics, past exam papers Exam-Pack-Index From 2017-2022, assignment 1, assignment 2, .. ..complete solutions 1 ECS1601 TEST BANK Question 1 In the goods market of the circular flow model, …. 1) firms buy factors of production from consumers 2) firms buy finished products from households 3) consumers buy factors of production from firms 4) firms sell factors of production to the government 5) consumers buy finished products from firms Th...

Test Bank for Microeconomics, 3rd Canadian Edition 3ce by Glenn Hubbard, Anthony Patrick OBrien. Full Chapters test bank included 1 Economics: Foundations and Models Economics in Your Life and Career: How Much Will You Pay for a Cup of Coffee? Three Key Economic Ideas People Are Rational People Respond to Incentives Apply the Concept: Does Canada’s Health Care System Contribute to Obesity? Optimal Decisions Are Made at the Margin Solved Problem: 1.1 Binge Watching and Decisions at...