External link to Question : 31.The CDC, American Heart Association, and other groups have collaborated : 1357190

Question : 31.The CDC, American Heart Association, and other groups have collaborated : 1357190

    31.The CDC, American Heart Association, and other groups have collaborated to create a program that encourages people to: a.consume enough whole grains. b.eat more fish. c.switch from cow’s milk to soy milk. d.fill half their plate with vegetables and fruits.     Application-Level Multiple-Choice Items   32.A main difference between a person contracting an infectious disease and a chronic disease is: a.infectious diseases […]

External link to Question : 11) Economists assume that rational people do all of the : 1244576

Question : 11) Economists assume that rational people do all of the : 1244576

  11) Economists assume that rational people do all of the following except A) use all available information as they act to achieve their goals. B) undertake activities that benefit others and hurt themselves. C) weigh the benefits and costs of all possible alternative actions. D) respond to economic incentives. 12) Economics does not study correct or incorrect behaviors but rather it assumes that economic […]

External link to Question : 11.3   Common Resources 1) In which of the following cases does : 1226062

Question : 11.3   Common Resources 1) In which of the following cases does : 1226062

  11.3   Common Resources   1) In which of the following cases does the tragedy of the commons occur? i)cattle grazing on private ranches ii)catching lobsters off the coast of Florida iii)raising salmon on salmon farms iv)using legal services provided by the courts A) i only B) ii only C) ii and iii D) i and iv E) i and iii 2) The tragedy of […]

External link to Question : 7.3   Long-Run Growth 1) We can safely say that total output : 1381104

Question : 7.3   Long-Run Growth 1) We can safely say that total output : 1381104

  7.3   Long-Run Growth   1) We can safely say that total output can increase if there is a(n) A) increase in the size of the labor force and a decrease in the productivity of workers. B) decrease in the size of capital and an increase in the productivity of machines. C) increase in the number of machines per worker. D) decrease in the number […]

External link to Question : 89.              The standard rate of pay $20 per direct labor : 1311902

Question : 89.              The standard rate of pay $20 per direct labor : 1311902

    89.              The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor hours worked, the direct labor price (rate) variance is a.$2,400 unfavorable. b.$2,400 favorable. c.$3,000 unfavorable. d.$3,000 favorable.     90.              The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours […]

External link to Question : 81.Ifweknowthatthesupplycurveforgoodxfailstoreflectthetotalcosttosocietyofproducingthatgood,thenweknowthat a.themarketforgoodxischaracterizedbyanexternality,butwecannotdeterminewhethertheexternalityispos : 1261377

Question : 81.Ifweknowthatthesupplycurveforgoodxfailstoreflectthetotalcosttosocietyofproducingthatgood,thenweknowthat a.themarketforgoodxischaracterizedbyanexternality,butwecannotdeterminewhethertheexternalityispos : 1261377

  81.Ifweknowthatthesupplycurveforgoodxfailstoreflectthetotalcosttosocietyofproducingthatgood,thenweknowthat a.themarketforgoodxischaracterizedbyanexternality,butwecannotdeterminewhethertheexternalityispositiveornegativefromthisfactalone. b.themarketforgoodxischaracterizedbyapositiveexternality. c.themarketforgoodxischaracterizedbyanegativeexternality. d.thedemandcurveforgoodxfailstoreflectthevaluetosocietyofthatgood. 82.Internalizingapositiveexternalitywillcausethedemandcurveto a.shifttotheright. b.shifttotheleft. c.becomemoreelastic. d.remainunchanged. 83.Positiveexternalities a.resultinalargerthanefficientequilibriumquantity. b.resultinsmallerthanefficientequilibriumquantity. c.resultinanefficientequilibriumquantity. d.canbeinternalizedwithacorrectivetax. 84.Apositiveexternality a.isabenefittotheproducerofthegood. b.isabenefittotheconsumerofthegood. c.isabenefittosomeoneotherthantheproducerandconsumerofthegood. d.resultsinanoptimallevelofoutput. 85.Abenevolentsocialplannerwouldpreferthattheoutputofgoodxbeincreasedfromitscurrentlevelif,atthecurrentlevelofoutputofgoodx, a.socialvalue=privatevalue=privatecostprivatevalue=socialvalue>privatecost. c.socialcost=privatecost=privatevalueprivatevalue. 86.Abenevolentsocialplannerwouldpreferthattheoutputofgoodxbedecreasedfromitscurrentlevelif,atthecurrentlevelofoutputofgoodx, a.socialvalue=privatevalue=privatecost

External link to Question : 4.3   Market Equilibrium 1) Market equilibrium occurs when A) all markets become : 1241463

Question : 4.3   Market Equilibrium 1) Market equilibrium occurs when A) all markets become : 1241463

  4.3   Market Equilibrium   1) Market equilibrium occurs when A) all markets become equal. B) the quantity demanded equals the quantity supplied. C) opposing forces pull demand and supply apart. D) demand and supply move in opposite direction. E) demand and supply change so that they are equal at all possible prices.   2) Market equilibrium occurs when A) the quantity demanded equals the […]

External link to Question : 21.Iflong-runaveragetotalcostdecreasesasthequantityofoutputincreases,thefirmisexperiencing a.economiesofscale. b.diseconomiesofscale. c.coordinationproblemsarisingfromthelar : 1261488

Question : 21.Iflong-runaveragetotalcostdecreasesasthequantityofoutputincreases,thefirmisexperiencing a.economiesofscale. b.diseconomiesofscale. c.coordinationproblemsarisingfromthelar : 1261488

  21.Iflong-runaveragetotalcostdecreasesasthequantityofoutputincreases,thefirmisexperiencing a.economiesofscale. b.diseconomiesofscale. c.coordinationproblemsarisingfromthelargesizeofthefirm. d.fixedcostsgreatlyexceedingvariablecosts. 22.Inthelongrunacompanythatproducesandsellspopcornincurstotalcostsof$1,050whenoutputis90canistersand$1,200whenoutputis120canisters.Thepopcorncompanyexhibits a.diseconomiesofscalebecausetotalcostisrisingasoutputrises. b.diseconomiesofscalebecauseaveragetotalcostisrisingasoutputrises. c.economiesofscalebecausetotalcostisrisingasoutputrises. d.economiesofscalebecauseaveragetotalcostisfallingasoutputrises. 23.Inthelongrunacompanythatproducesandsellscandybarsincurstotalcostsof$1,200whenoutputis2,400candybarsand$1,400whenoutputis2,900candybars.Thecandybarcompanyexhibits a.diseconomiesofscalebecausetotalcostisrisingasoutputrises. b.diseconomiesofscalebecauseaveragetotalcostisrisingasoutputrises. c.economiesofscalebecausetotalcostisrisingasoutputrises. d.economiesofscalebecauseaveragetotalcostisfallingasoutputrises. 24.Supposethatafirm’slong­runaveragetotalcostsofproducingtelevisionsdecreasesasitproducesbetween10,000and20,000televisions.Forthisrangeofoutput,thefirmisexperiencing a.economiesofscale. b.constantreturnstoscale. c.diseconomiesofscale. d.coordinationproblems. 25.Sincethe1980s,Wal-MartstoreshaveappearedinalmosteverycommunityinAmerica.Wal-Martbuysitsgoodsinlargequantitiesand,therefore,atcheaperprices.Wal-Martalsolocatesitsstoreswherelandpricesarelow,usuallyoutsideofthecommunitybusinessdistrict.ManycustomersshopatWal-Martbecauseoflowprices.Localretailers,liketheneighborhooddrugstore,oftengooutofbusinessbecausetheylosecustomers.Thisstorydemonstratesthat a.consumersdonotreacttochangingprices. b.therearediseconomiesofscaleinretailsales. c.thereareeconomiesofscaleinretailsales. d.therearediminishingreturnstoproducingandsellingretailgoods. 26.Whichofthefollowingstatementsisnotcorrect? a.Inthelongrun,therearenofixedcosts. b.Marginalcostisindependentoffixedcosts. c.Economiesofscaleisashort-runconcept. d.Diminishingmarginalproductexplainsincreasingmarginalcost. 27.Inthelongrunacompanythatproducesandsellslaundrydetergentincurstotalcostsof$2,500whenoutputis1,250unitsand$2,750whenoutputis1,500units.Forthisrangeofoutput,thelaundrydetergentcompanyexhibits a.economiesofscale. b.constantreturnstoscale. c.diseconomiesofscale. d.efficientscale. 28.Atlowlevelsofproduction,thefirm a.benefitsfromincreasedsizebecauseitcantakeadvantageofgreaterspecialization. b.hasthepotentialforeconomiesofscale. c.isunlikelytoexperiencesacuteproblemswithcoordination. d.Alloftheabovearecorrect. 29.TheBigBlueSkyjetcompanyhaslong-runtotalcostsof$20millionifitproduces5jetsandlong-runtotalcostsof$24million ifit produces6 jets.TheBigBlueSkyjetcompanyisexperiencing a.economiesofscale. b.constantreturnstoscale. c.diseconomiesofscale. d.negativeprofits. 30.Whenafirmexperiencesconstantreturnstoscale, a.long-runaveragetotalcostisunchanged,evenwhenoutputincreases. b.long-runmarginalcostisgreaterthanlong-runaveragetotalcost. c.long-runmarginalcostislessthanlong-runaveragetotalcost. d.thefirmislikelytoexperiencecoordinationproblems.    

External link to Question : 92) Suppose that there an increase in disposable income and : 1240410

Question : 92) Suppose that there an increase in disposable income and : 1240410

  92) Suppose that there is an increase in disposable income and simultaneously an increase in the expected profitability of investment. As a result, the equilibrium real interest rate ________ and the equilibrium quantity of loanable funds ________. A) rises; increases B) falls; increases C) remains unchanged; increases D) might rise, fall, or remain unchanged; increases E) might rise, fall, or remain unchanged; decreases 93) […]

External link to Question : 46.Roger Excavating Company experienced the following costs in 2014: Direct materials$1.75 : 1302747

Question : 46.Roger Excavating Company experienced the following costs in 2014: Direct materials$1.75 : 1302747

    46.Roger Excavating Company experienced the following costs in 2014:   Direct materials$1.75 per unit Direct labor$2.00 per unit Variable manufacturing overhead$2.50 per unit Variable selling$0.75 per unit Fixed manufacturing overhead$50,000 Fixed selling$15,000 Fixed administrative$5,000   During 2014, the company manufactured 100,000 units and sold 80,000 units. If the average selling price per unit was $22.65, what is the amount of the company’s contribution […]

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