Econ528 - Study guides, Class notes & Summaries
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ECON 528 / ECON528 Midterm Exam. Questions And Answers (100% Correct) A+ Graded
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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...
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ECON 528 / ECON528 Final Exam. Questions And Answers (100% Correct) A+ Graded
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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...
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Econ test 3 Questions with Complete Solutions
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Econ test 3 Questions with Complete Solutions
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UL ECON528 - Exam 1 Questions & Answers
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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 ...
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UPDATED 2024 ECONOMICS Chapter 13 Study Set QUESTION AND CORRECT ANSWER
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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...
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ECON102 Exam Questions with 100% Correct Answers
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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...
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Econ 2006 final Exam Questions with 100% Correct Answers
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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 ...
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ECON 1103 Final Exam Questions with 100% Correct Answers
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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...
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ECON 350 Portion 3 Exam Questions with 100% Correct Answers
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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...
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ECON 350 Portion One Exam Questions with 100% Correct Answers
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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...
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