Economics

Explain the most important characteristic in perfect competition

DQ 1 Market Structures  Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run. In your analysis, make sure to relate an example for each of the market structures listed and how it relates to the […]

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What is the future value of a. $550 invested for 5 years

Required: Complete the assignment using the formulas embedded in Microsoft Excel and/or a financial calculator. Include an Excel document that shows your calculations. 1. Future Value. What is the future value of a. $550 invested for 5 years at 15 percent compounded annually? b. $650 invested for 15 years at 14 percent compounded annually? 2. […]

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greater than marginal revenue, and equal to average revenue

1 . A purely- or perfectly-competitive firm would be characterized by which of the following? A. Large number of firms, price taker, free entry and exit, and standardized product B. Large number of firms, price maker, free entry and exit, and a differentiated product C. Small number of firms, price maker, limited entry and exit, […]

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movement from trough to expansion then to peak

1. Business cycles occur when output A. falls below its potential B. rises above its potential C. is fixed at its potential D. fluctuates around its growth trend 2. Which of these statements best describes a complete individual business cycle? A. movement from peak to trough to peak B. movement from recession to expansion C. […]

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Economists use two principle interest rates

1 . The Classical Theory of Asset Prices assumes which of the following ideas? A. The interest rate to use is the nominal rate, assets are the discounted sum of their future values, and expected income is the best information available. B. Actual past income is the best information available, assets are the discounted sum […]

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The best process flow structure to use for making automobiles

1) __________ is when the activities in the stage must stop because there is no place to deposit the item just completed A. Buffering B. Blocking C. Starving D. Pacing 2) According to your text, the most common process metric is A. productivity B. efficiency C. utilization D. throughput time 3) Declining product prices A. […]

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associated with a proactive marketing orientation?

1) Which of the following is most closely associated with a proactive marketing orientation? A. It involves delivering superior value. B. It is about understanding and meeting customers’ expressed needs. C. It represents the “make and sell” philosophy. D. The marketer focuses on the customers’ latent or hidden needs. 2) Marketing __________ is the art […]

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A stock with an above-average standard deviation must also have an above-average beta.

1) Which of the following statements is CORRECT? Answer a)A two-stock portfolio will always have a lower standard deviation than a one-stock portfolio. b)A portfolio that consists of 40 stocks that are not highly correlated with “the market” will probably be less risky than a portfolio of 40 stocks that are highly correlated with the […]

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assumes that all customers are basically the same

1) Big Fizz Co., a manufacturer of cola-flavored drinks, wants to add packaged fruit juices to its existing product line. Big Fizz must make some decisions regarding packaging and branding the fruit juices. These decisions would fall under which variable of the marketing mix? A. Product B. Place C. Promotion D. Price 2) Hewlett-Packard sells […]

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A firm under monopolistic competition will earn

If the demand curve is QD = 100 – 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is 2. If the absolute value of a demand elasticity is less than 1, then 3. If the cross-price elasticity is negative, then the two goods are 4. Under […]

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