Econ 528 final - Study guides, Class notes & Summaries

University of Louisiana, Lafayette - ECON 528 Final Exam

The best definition of economics is: A) how goods and services are produced. B) how choices are made under conditions of scarcity. C) how businesses maximize profits. D) how money is used. - ANSWERSB) how choices are made under conditions of scarcity Managerial economics is best defined as the economic study of: A) how businesses can decide on the best use of scarce resources. B) how businesses can make the most profits. C) how businesses can sell the most products. D) how businesses ...

Economies of scale exist as a firm increases its size in the long run because of all the following except: - ANSWERSAs a firm expands its production, its profit margin per-unit of output increases Over the past twenty years, the number of small family farms has fallen significantly and in their place there are fewer, but larger, farms owned by corporations. Which of the following best explains this trend? - ANSWERSEconomies of scale in farming The president of Toyota's Georgetown plant...

ECON 528 / ECON528 Final Exam. Questions And Answers (100% Correct) A+ Graded

ECON 528: ECONOMICS / ECON 528 FINAL EXAM|ECON 528: ECONOMICS / ECON 528 FINAL EXAM

ECON 528 FINAL EXAM - QUESTIONS AND ANSWERS (100% CORRECT)

ECON 528 Final Exam With Questions And Answers. University of Louisiana, Lafayette. Question 1 Incorrect Mark 0.00 out of 1.00 Question 2 Incorrect Mark 0.00 out of 1.00 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%) The law of diminishing marginal returns states that increases in the variable input reduce the total product. Select one: True Fals...

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 528 Final Exam-University of Louisiana, Lafayette

CFA Level 2: Econ Exam 115 Questions with Answers This econ topic regards the relationship between exchange rates and interest rates - CORRECT ANSWER ..... When is interbank FX market for most currency pairs typically most liquid? - CORRECT ANSWER 8am-11am New York Time ^because the London and New York (two largest FX trading centers) overlap during these times making it the most liquid during these hours. Arbitrage Constraints on Spot Exchange Rate Quotes - CORRECT ANSWER 1. the b...