Econ 705 - Study guides, Class notes & Summaries

ECON 705 - Chapter 1 Study Questions And Answers Download To Pass!!!

ECON 705 Module 6.2 Quiz and Solutions 1. Oligopolies are characterized by Select one: a. a small number of large firms, each making independent decisions about own price and output. c. a large number of firms with no individual control over the market price. d. a large number of small firms, each acting independently in setting price and quantity. 2. Game theory is the branch of economics that studies Select one: b. how large firms grow and merge to become monopolies. ...

ECON 705 Module 1 Exam Latest /Questions And Answers Graded (A+)

ECON 705: Module 5 /Complete Questions And Answers

If there is no change in supply, a decrease in demand will lead to Select one: a. falling prices and a lower quantity bought/sold. b. falling prices and a higher quantity bought/sold. c. rising pri ces and a lower quantity bought/sold. d. rising prices and a higher quantity bought/sold. The few days before a busy travel weekend (e.g., Fourth of July), gasoline prices are expected to Select one: a. decrease to encourage more consumption on the exact travel day. b. increase, and the quantity of ga...

Fiscal Policy CORRECT ANSWER spending and taxes exercised by Government Expansionary CORRECT ANSWER increase money supply and amount of money available, too much money leads to inflation, buying bonds Contractionary Monetary Policy CORRECT ANSWER take away money to manage inflation, to take money out of the system, selling bonds Federal Reserve CORRECT ANSWER monetary authority, controls the money supply to increase or decrease, can be the lender of last resort Federal Funds rate COR...

Use the following regression results to answer the four questions below. Dependent Variable: QQ Observations: 32 R2R2: 0.7547 FF-ratio: 92.31 pp-ratio on F: 0.0001 Variable Parameter Estimate Standard Error t-ratio p-value L3L3 -0.0016 0.0005 -3.20 0.0032 L2L2 0.4000 0.0950 4.21 0.0002 1. Which of the following equations is derived correctly? Select one: a. AP=−0.0032L2+0.8000LAP=−0.0032L2+0.8000L b. AP=0.L2−0.1333LAP=0.L2−0.1333L c. MP=−0.0048L2+0.8000LMP=−0.0048L2+0.8000L d. Q=−0...

1. Companies with market power usually prefer to implement price discrimination because Select one: a. charging different prices to people based on their individual demand yields more profit. b. their market power makes them complacent and lazy; it is actually less profitable to utilize price discrimination among consumers with different demands than it is to charge a single price to all. c. it is simpler and more efficient to charge a uniform price than to figure out dozens or thousands o...

ECON 705 module 5 video QUIZ| VERIFIED SOLUTION   Question text Why should you force your estimated production function through the origin? Select one: a. If there is no labor input, then negative marginal product has been reached. b. If capital is fixed, then labor input must be zero. c. We presume no output is produced if no inputs are used. d. If no output is produced, no costs are incurred. Generally speaking, as you move forward i...

1. Companies with market power usually prefer to implement price discrimination because Select one: a. charging different prices to people based on their individual demand yields more profit. b. their market power makes them complacent and lazy; it is actually less profitable to utilize price discrimination among consumers with different demands than it is to charge a single price to all. c. it is simpler and more efficient to charge a uniform price than to figure out dozens or thousands o...