Homework Answers
1.Slope of budegt line is the ratio of prices.
Answer-B
2.The Y axis is used to represent price.
Answer-B
3.Lower taxes reduce marginal cost of production and shift the supply curve to the right.
Answer-B
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The slope of a budget constraint line is influenced by Select one: a. the cost of...
Economics Graphing Question (Please illustrate the graph) Which of the following is not one of the...
Economics Graphing Question (Please illustrate the graph)
Which of the following is not one of the five major factors that shifts the demand curve when it changes? A The price of tho god ioet OB. Tastes and preferences. ○ C. The price of substitute goods. O D. The number of buyers. When one of the five major factors changes, causing an increase in demand, the demand curve shifts rightward The graph to the right illustrates the demand for smartphones in...
The fact of increasing opportunity cost when moving on the PPF means that Select one: O...
The fact of increasing opportunity cost when moving on the PPF means that Select one: O A. when the government forces a movement from one point on the PPF to another point, no production is lost. B. the PPF will be a negatively sloped straight line. O C. to increase the production of one product requires larger and larger sacrifices of the other good. O D. to decrease the production of one product requires smaller and smaller sacrifices of the...
What give good survey results? Select one: a. All of the listed b. Well articulated questions....
What give good survey results? Select one: a. All of the listed b. Well articulated questions. c. None of the listed. d. Having at least 30 but nominally 80 or more responses. e. Selecting the correct representative population for surveying. Which of the following is not a "Toyota Waste" in the context of six-sigma practice Select one: a. Part failure b. Part Defects c. Waiting for a part to finish d. Maintaining an Inventory Which of the following answers indicates...
The concept of Opportunity Cost, and Production Possibilities is introduced in Chapter 1. Select one of...
The concept of Opportunity Cost, and Production Possibilities is introduced in Chapter 1. Select one of the following questions to answer: You do not have to do all of the below select but be sure to pick and answer one of them and discuss the economic concept involved as support of your answer where possible. QuestionI How might a nation's production possibilities be affected by the following? 1. New solar technology 2. An increase in immigration 3. An increase in...
Question 11. Suppose CNN announces that bad weather in Central America has greatly reduced the number...
Question 11. Suppose CNN announces that bad weather in Central America has greatly reduced the number of cocoa bean plants and for this reason the price of chocolate is expected to rise soon, What is the impact of following on the market demand for chocolate? Select one: a. the current market demand for chocolate will decrease. b. the current quantity demanded for chocolate will decrease. c. the current market demand for chocolate will increase. d. no change will occur in...
Managerial accounting is primarily focused on Select one: O A. following generally accepted accounting principles. B....
Managerial accounting is primarily focused onSelect one:A. following generally accepted accounting principles.B. providing internal special-purpose information and reports.C. providing information for internal and external users.D. providing general purpose financial statements.Which of the following phrases is most descriptive of financial accounting?Select one:A. Subject to cost-benefit analysisB. Future-orientedC. Follows GAAPD. May measure time or customer satisfactionWhich of the following phrases is primarily relevant to managerial accounting as opposed to financial accounting?Select one:A. Helping managers make decisionsB. Summarizing information about past eventsC. Calculating...
Labor Economics 1. In the leisure-income model, the wage constraint shows a. the points that maximize...
Labor Economics
1. In the leisure-income model, the wage constraint shows a. the points that maximize a worker's utility b. all points that are equally preferred c. the wage rates that affect work decisions d. the available combinations of leisure and income 2. The slope of a wage constraint reflects the: a. rate at which a person is willing to substitute leisure for income c. income effect b. price of leisure d. substitution effect 3. When a worker maximizes her...
PLEASE ANSWER EACH QUESTION 1 Thru 4 1. Question The productivity of a resource in influenced...
PLEASE ANSWER EACH QUESTION 1 Thru 4 1. Question The productivity of a resource in influenced by all but which one of the following? Select one: a. Resources prices. b. Productivity of other resources. c. Technology. d. Manaderial ability. 2. Question The social disadvanatges of a purely competitive market situation do not include which one of the following? Select one: a. The industry is slow in adopting improved technology tht has already been developed. b. The product lacks the variety...
1.... Why might a corporation want to split its stock? Select one: A. To avoid sending...
1.... Why might a corporation want to split its stock? Select one: A. To avoid sending a message to current and prospective investors B. To lower the stock price to a more popular trading range C. To assist in the takeover of another firm D. None of these answers is correct 2.... When it comes to making cash dividend payments, most U.S. corporations: Select one: A. Desire to frequently change the amount of dividends being paid B. Prefer decreasing dividend...
Can you label each one please . (3)Use appropriate graphical illustrations to show how each of the following affects...
Can you label each one please .
(3)Use appropriate graphical illustrations to show how each of the following affects the equilibrium price and the equilibrium quantity in the market for commodity Z. Explain each diagram. (a) A favorable shift in consumer preferences for this product. (b) A significant increase in the minimum real wage paid for the use of labor resources. (C)A fall in the price of commodity Y considered to be a substitute for commodity Z. (d) A severe...
Economics Graphing Question (Please illustrate the graph)
Which of the following is not one of the five major factors that shifts the demand curve when it changes? A The price of tho god ioet OB. Tastes and preferences. ○ C. The price of substitute goods. O D. The number of buyers. When one of the five major factors changes, causing an increase in demand, the demand curve shifts rightward The graph to the right illustrates the demand for smartphones in...
The fact of increasing opportunity cost when moving on the PPF means that Select one: O A. when the government forces a movement from one point on the PPF to another point, no production is lost. B. the PPF will be a negatively sloped straight line. O C. to increase the production of one product requires larger and larger sacrifices of the other good. O D. to decrease the production of one product requires smaller and smaller sacrifices of the...
What give good survey results? Select one: a. All of the listed b. Well articulated questions. c. None of the listed. d. Having at least 30 but nominally 80 or more responses. e. Selecting the correct representative population for surveying. Which of the following is not a "Toyota Waste" in the context of six-sigma practice Select one: a. Part failure b. Part Defects c. Waiting for a part to finish d. Maintaining an Inventory Which of the following answers indicates...
The concept of Opportunity Cost, and Production Possibilities is introduced in Chapter 1. Select one of the following questions to answer: You do not have to do all of the below select but be sure to pick and answer one of them and discuss the economic concept involved as support of your answer where possible. QuestionI How might a nation's production possibilities be affected by the following? 1. New solar technology 2. An increase in immigration 3. An increase in...
Labor Economics
1. In the leisure-income model, the wage constraint shows a. the points that maximize a worker's utility b. all points that are equally preferred c. the wage rates that affect work decisions d. the available combinations of leisure and income 2. The slope of a wage constraint reflects the: a. rate at which a person is willing to substitute leisure for income c. income effect b. price of leisure d. substitution effect 3. When a worker maximizes her...
Can you label each one please .
(3)Use appropriate graphical illustrations to show how each of the following affects the equilibrium price and the equilibrium quantity in the market for commodity Z. Explain each diagram. (a) A favorable shift in consumer preferences for this product. (b) A significant increase in the minimum real wage paid for the use of labor resources. (C)A fall in the price of commodity Y considered to be a substitute for commodity Z. (d) A severe...
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