External link to Question : 21) According to the Hotelling Principle, the price of an : 1241352

Question : 21) According to the Hotelling Principle, the price of an : 1241352

  21) According to the Hotelling Principle, the price of an nonrenewable resource is expected to A) fall slowly over time. B) fall at a rate equal to the interest rate. C) fluctuate randomly. D) rise at a rate equal to the interest rate. E) remain constant over time.   22) The price of an nonrenewable resource is expected to rise at a rate equal […]

External link to Question : 21) Suppose higher prices lead consumers to switch from shopping : 1240914

Question : 21) Suppose higher prices lead consumers to switch from shopping : 1240914

    21) Suppose higher prices lead consumers to switch from shopping at Abercrombie & Fitch to shopping at Wal-Mart. If the CPI does not reflect this change, it is referred to as A) a new goods bias. B) a quality change bias. C) an outlet substitution bias. D) a new price bias. E) store bias. 22) If higher prices cause buyers to shop at […]

External link to Question : 76.              Carlos Consulting Inc. provides financial consulting and has collected : 1311804

Question : 76.              Carlos Consulting Inc. provides financial consulting and has collected : 1311804

    76.              Carlos Consulting Inc. provides financial consulting and has collected the following data for the next year’s budgeted activity for a lead consultant. Consultants’ wages$90,000 Fringe benefits$22,500 Related overhead$17,500 Supply clerk’s wages$18,000 Fringe benefits$4,000 Related overhead$20,000 Profit margin per hour$20 Profit margin on materials15% Total estimated consulting hours5,000 Total estimated supply costs$168,000 A consulting job takes 20 hours of consulting time and $180 […]

External link to Question : 35) When a production possibilities frontier bowed outward, as more : 1241422

Question : 35) When a production possibilities frontier bowed outward, as more : 1241422

  35) When a production possibilities frontier is bowed outward, as more of one good is produced, its opportunity cost A) increases. B) decreases. C) remains constant. D) might increase, decrease, or remain constant depending on how much people value the additional units of the good. E) cannot be predicted. 36) A bowed out PPF reflects which of the following ideas? i.Increasing opportunity cost ii.Resources […]

External link to Question : 11) Under the Clayton Act and its amendments, which of : 1241318

Question : 11) Under the Clayton Act and its amendments, which of : 1241318

  11) Under the Clayton Act and its amendments, which of the following activities is illegal if it creates monopoly? i.contracts that require other goods to be bought from the same firm ii.contracts that prevent a buyer from reselling a product outside a specified area iii.becoming a director of a competing firm A) i only B) ii only C) ii and iii D) i and […]

External link to Question : 11.IntheCPI,goodsandservicesareweightedaccordingto a.howlongamarkethasexistedforeachgoodorservice. b.theextenttowhicheachgoodorserviceisregardedbythegovernmentasanecessity. : 1261714

Question : 11.IntheCPI,goodsandservicesareweightedaccordingto a.howlongamarkethasexistedforeachgoodorservice. b.theextenttowhicheachgoodorserviceisregardedbythegovernmentasanecessity. : 1261714

  11.IntheCPI,goodsandservicesareweightedaccordingto a.howlongamarkethasexistedforeachgoodorservice. b.theextenttowhicheachgoodorserviceisregardedbythegovernmentasanecessity. c.howmuchconsumersbuyofeachgoodorservice. d.thenumberoffirmsthatproduceandselleachgoodorservice. 12.InthecalculationoftheCPI,booksaregivengreaterweightthanmagazinesif a.consumersbuymorebooksthanmagazines. b.thepriceofbooksishigherthanthepriceofmagazines. c.itcostsmoretoproducebooksthanitcoststoproducemagazines. d.booksaremorereadilyavailablethanmagazinestothetypicalconsumer. 13.InthecalculationoftheCPI,teaisgivengreaterweightthanbeerif a.thepriceofteaishigherthanthepriceofbeer. b.itcostsmoretoproduceteathanitcoststoproducebeer. c.teaismorereadilyavailablethanbeertothetypicalconsumer. d.consumersbuymoreteathanbeer. 14.IncalculatingtheCPI,afixedbasketofgoodsandservicesisused.Thequantitiesofthegoodsandservicesinthefixedbasketaredeterminedby a.surveyingconsumers. b.surveyingsellersofthegoodsandservices. c.workingbackwardfromtherateofinflationtoarriveatimputedvaluesforthosequantities. d.arbitrarychoicesmadebyfederalgovernmentemployees. 15.WhatbasketofgoodsandservicesisusedtoconstructtheCPI? a.arandomsampleofallgoodsandservicesproducedintheeconomy b.thegoodsandservicesthataretypicallyboughtbyconsumersasdeterminedbygovernmentsurveys c.onlyfood,clothing,transportation,entertainment,andeducation d.theleastexpensiveandthemostexpensivegoodsandservicesineachmajorcategoryofconsumerexpenditures 16.Considerasmalleconomyinwhichconsumersbuyonlytwogoods:applesandpears.Inordertocomputetheconsumerpriceindexforthiseconomyfortwoormoreconsecutiveyears,weassumethat a.thenumberofapplesboughtbythetypicalconsumerisequaltothenumberofpearsboughtbythetypicalconsumerineachyear. b.neitherthenumberofapplesnorthenumberofpearsboughtbythetypicalconsumerchangesfromyeartoyear. c.thepercentagechangeinthepriceofapplesisequaltothepercentagechangeinthepriceofpearsfromyeartoyear. d.neitherthepriceofapplesnorthepriceofpearschangesfromyeartoyear. 17.Considerasmalleconomyinwhichconsumersbuyonlytwogoods:pretzelsandcookies.Inordertocomputetheconsumerpriceindexforthiseconomyfortwoormoreconsecutiveyears,weassumethat a.thepercentagechangeinthepriceofpretzelsisequaltothepercentagechangeinthepriceofcookiesfromyeartoyear. b.thenumberofpretzelsboughtbythetypicalconsumerisequaltothenumberofcookiesboughtbythetypicalconsumerineachyear. c.neitherthenumberofpretzelsnorthenumberofcookiesboughtbythetypicalconsumerchangesfromyeartoyear. d.neitherthepriceofpretzelsnorthepriceofcookieschangesfromyeartoyear. 18.TocalculatetheCPI,theBureauofLaborStatisticsuses a.thepricesofallgoodsandservicesproduceddomestically. b.thepricesofallfinalgoodsandservices. c.thepricesofallconsumergoods. d.thepricesofsomeconsumergoods. 19.Whencomputingthecostofthebasketofgoodsandservicespurchasedbyatypicalconsumer,whichofthefollowingchangesfromyeartoyear? a.thequantitiesofthegoodsandservicespurchased b.thepricesofthegoodsandservices c.thegoodsandservicesmakingupthebasket d.Alloftheabovearecorrect. 20.Incomputingtheconsumerpriceindex,abaseyearischosen.Whichofthefollowingstatementsaboutthebaseyeariscorrect? a.Thebaseyearisalwaysthefirstyearamongtheyearsforwhichcomputationsarebeingmade. b.Itisnecessarytodesignateabaseyearonlyinthesimplestcaseoftwogoods;inmorerealisticcases,itisnotnecessarytodesignateabaseyear. c.Thevalueoftheconsumerpriceindexisalways100inthebaseyear. d.Thebaseyearisalwaystheyearinwhichthecostofthebasketwashighestamongtheyearsforwhichcomputationsarebeingmade.    

External link to Question : Multiple Choice 1.  branch of the men’s movement encourages men to : 1353042

Question : Multiple Choice 1.  branch of the men’s movement encourages men to : 1353042

Multiple Choice 1.  This branch of the men’s movement encourages men to develop the emotional capacities that   society approves of in women but discourages in men. A. Mythopoetic men B.  The White Ribbon Campaign C.  Free Men D.  Profeminist Men E.  Postfeminist Men 2.  Which of the following is/are true about men’s movements? A.  All men’s movements reject feminist insights B. American men’s participation in […]

External link to Question : 19.4   Chapter Figures The figure above shows a firm’s VMP curve. 1) : 1226307

Question : 19.4   Chapter Figures The figure above shows a firm’s VMP curve. 1) : 1226307

  19.4   Chapter Figures   The figure above shows a firm’s VMP curve.   1) Suppose that a new technology doubles the marginal product of the workers and the price of the product does not change. As a result, the value of marginal product of the second worker A) remains $12. B) becomes $6. C) becomes $24. D) becomes $30. E) More information about the […]

External link to Question : 42.Research diversity in organizations includes as class of diversity variables : 1302993

Question : 42.Research diversity in organizations includes as class of diversity variables : 1302993

  42.Research on diversity in organizations includes as class of diversity variables that are _____ attributes, such as education, technical abilities, functional and socioeconomic backgrounds, tenure in the organization, personality, and values. a.homogeneous b.underlying (page 111, moderate) c.multicultural d.token 43.Research, primarily done in the US, on observable attributes of diversity in groups indicates that _____. a.the more diverse the group, the lower is its turnover […]

External link to Question : 41) If the marginal social cost of generating a kilowatt : 1226055

Question : 41) If the marginal social cost of generating a kilowatt : 1226055

    41) If the marginal social cost of generating a kilowatt of electricity is $0.10 and the marginal private cost is $0.08, what is the marginal external cost? A) $0.18 B) $0.10 C) $0.08 D) $0.02 E) $0.80   42) If the marginal social cost of producing a ton of cement is $4,000 and the marginal private cost is $3,500, then the A) marginal […]

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