Homework Answers
Ans38) the correct option is a) controls a small share of the market
Ans39) the correct option c) marginal cost is below average cost
Ans40) the correct option is c) constant returns to scale
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QUESTION 38 All these are characteristics of a monopoly except, O a. Controls a large share...
QUESTION 20 All these are characteristics of a monopoly except, a Has few substitutes b. Controls...
QUESTION 20 All these are characteristics of a monopoly except, a Has few substitutes b. Controls a large share of the market c. There is one seller of the product d Controls a small share of the market QUESTION 21 Assumptions that underlie the Resource-based View include a Resource heterogeneity b.Resource immobility c Barriers to entry d. Both a and b QUESTION 22 A demand curves describes a the amount of units a producer will sell at a given price...
pls answer all QUESTION 27 A risk premium is a the difference between the earnings of...
pls answer all
QUESTION 27 A risk premium is a the difference between the earnings of a low risk asset and a high risk asset b. premium paid to a security holder to compensate him for bearing a higher risk c. both A&B d. none of the above QUESTION 28 How does an increase in the price of laptop memory chips affect the market of laptops? a. The supply curve for laptops shifts to the left b. The demand curve...
pls answer all QUESTION 17 All these are characteristics of a monopoly except a Controls a...
pls
answer all
QUESTION 17 All these are characteristics of a monopoly except a Controls a large share of the market b. There is one seller of the product c. Controls a small share of the market d Has few substitutes QUESTION 18 Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the equilibrium price for pens? a It will fall b. It will rise c. Uncertain od None QUESTION 19...
d. Only A&B QUESTION 26 All of these could be sources of economies of scale except...
d. Only A&B QUESTION 26 All of these could be sources of economies of scale except a. A bottleneck procedure b. Investment in more efficient technology c. Discounts on bulk purchase of inputs d. Specialization QUESTION 27 Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the equilibrium price for pens? a. None b. It will rise c. It will fall d. Uncertain QUESTION 28 A rising average cost implies that...
QUESTION 30 In the 1O perspective it is important to enter an industry with Oa High...
QUESTION 30 In the 1O perspective it is important to enter an industry with Oa High supplier power Ob. Low threat from substitutes Oc. Low levels of rivalry between firms O d. Only B & C QUESTION 31 Diminishing marginal productivity implies Oa increasing marginal costs b. decreasing total costs e decreasing marginal costs d. decreasing average costs QUESTION 32 Firms have a competitive advantage when O a They can deliver the same product benefits as their competitors but at...
m y : 39 minutes, 32 seconds Question Completion Status: QUESTION 38 If long run average...
m y : 39 minutes, 32 seconds Question Completion Status: QUESTION 38 If long run average costs are constant with respect to output, you have a Increasing returns to scale b. Decreasing returns to scale c. Constant returns to scale d. None of the above QUESTION 39 After the housing bubble burst, consumer confidence plummeted and housing sales dropped to all time lows. This caused the demand curve for normal goods to shift a. to the left b. to the...
QUESTION 5 A compensating wage differential is a the difference between the wage of an individual...
QUESTION 5 A compensating wage differential is a the difference between the wage of an individual working in favorable conditions and the wage of an individual working in unfavorable condition b.compensation paid to an individual for working in a less desirable environment c. premium paid to a security holder to compensate him for bearing a higher risk d. Only A&B QUESTION 6 Decreasing average cost implies that a marginal cost is above average cost b, marginal cost is below average...
QUESTION 17 Gas stations can price the products that they sell in their convenience store a...
QUESTION 17 Gas stations can price the products that they sell in their convenience store a little bit higher than other stores because a these products are usually substitutes to the gas sales and the demand for gas is inelastic ob these products are usually substitutes to the gas sales and the demand for gas is elastic c these products are usually complements to the gas sales and the demand for gas is elastic Od these products are usually complements...
.Question Completion Status QUESTION 11 Suppose a firm doubles its employment of all inptuts in the long run. If th...
.Question Completion Status QUESTION 11 Suppose a firm doubles its employment of all inptuts in the long run. If this action more than doubles the amount of capital produced, then this firm is experiencing O Increasing returns to scale diminishing marginal returns o technological progress O positive marginal revenue QUESTION 12 When input prices are fixed, decreasing returns to scale implies that the long run average cost curve is downward sloping O horizontal upward sloping O Ushaped QUESTION 13 If...
a) Increasing returns to scale (also known as economies of scale) occurs when average cost is ...
a) Increasing returns to scale (also known as economies of scale) occurs when average cost is [CHOOSE] ["minimized", "steady", "rising", "maximized", "falling"] . b) Decreasing returns to scale (diseconomies of scale) occurs when average cost is [CHOOSE] ["maximized", "minimized", "falling", "steady", "rising"] . c) When marginal...
QUESTION 20 All these are characteristics of a monopoly except, a Has few substitutes b. Controls a large share of the market c. There is one seller of the product d Controls a small share of the market QUESTION 21 Assumptions that underlie the Resource-based View include a Resource heterogeneity b.Resource immobility c Barriers to entry d. Both a and b QUESTION 22 A demand curves describes a the amount of units a producer will sell at a given price...
pls answer all
QUESTION 27 A risk premium is a the difference between the earnings of a low risk asset and a high risk asset b. premium paid to a security holder to compensate him for bearing a higher risk c. both A&B d. none of the above QUESTION 28 How does an increase in the price of laptop memory chips affect the market of laptops? a. The supply curve for laptops shifts to the left b. The demand curve...
pls
answer all
QUESTION 17 All these are characteristics of a monopoly except a Controls a large share of the market b. There is one seller of the product c. Controls a small share of the market d Has few substitutes QUESTION 18 Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the equilibrium price for pens? a It will fall b. It will rise c. Uncertain od None QUESTION 19...
d. Only A&B QUESTION 26 All of these could be sources of economies of scale except a. A bottleneck procedure b. Investment in more efficient technology c. Discounts on bulk purchase of inputs d. Specialization QUESTION 27 Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the equilibrium price for pens? a. None b. It will rise c. It will fall d. Uncertain QUESTION 28 A rising average cost implies that...
QUESTION 30 In the 1O perspective it is important to enter an industry with Oa High supplier power Ob. Low threat from substitutes Oc. Low levels of rivalry between firms O d. Only B & C QUESTION 31 Diminishing marginal productivity implies Oa increasing marginal costs b. decreasing total costs e decreasing marginal costs d. decreasing average costs QUESTION 32 Firms have a competitive advantage when O a They can deliver the same product benefits as their competitors but at...
m y : 39 minutes, 32 seconds Question Completion Status: QUESTION 38 If long run average costs are constant with respect to output, you have a Increasing returns to scale b. Decreasing returns to scale c. Constant returns to scale d. None of the above QUESTION 39 After the housing bubble burst, consumer confidence plummeted and housing sales dropped to all time lows. This caused the demand curve for normal goods to shift a. to the left b. to the...
QUESTION 5 A compensating wage differential is a the difference between the wage of an individual working in favorable conditions and the wage of an individual working in unfavorable condition b.compensation paid to an individual for working in a less desirable environment c. premium paid to a security holder to compensate him for bearing a higher risk d. Only A&B QUESTION 6 Decreasing average cost implies that a marginal cost is above average cost b, marginal cost is below average...
QUESTION 17 Gas stations can price the products that they sell in their convenience store a little bit higher than other stores because a these products are usually substitutes to the gas sales and the demand for gas is inelastic ob these products are usually substitutes to the gas sales and the demand for gas is elastic c these products are usually complements to the gas sales and the demand for gas is elastic Od these products are usually complements...
.Question Completion Status QUESTION 11 Suppose a firm doubles its employment of all inptuts in the long run. If this action more than doubles the amount of capital produced, then this firm is experiencing O Increasing returns to scale diminishing marginal returns o technological progress O positive marginal revenue QUESTION 12 When input prices are fixed, decreasing returns to scale implies that the long run average cost curve is downward sloping O horizontal upward sloping O Ushaped QUESTION 13 If...
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