14.3 Sequential Games and Business Strategy 1) In a decision tree, the difference between a decision node and a terminal node is that A) at a decision node, all participants are free to make individual decisions, but at a terminal node, they must agree on a collective decision. B) at a decision node, all participants make the same decision, while at a terminal […]
91) Adopting which among the following measures makes it most difficult for a hacker to break into passwords? A) creating easy to remember passwords B) reusing the password in news and games sites through multiple systems C) maintaining a single, secure password for all accounts D) creating passwords with symbols, mixed cases, and characters 92) ________ is a gateway service that permits users […]
21) Suppose that capital costs $10 per unit and labour costs $5 per unit. For a profit-maximizing firm operating at its optimal factor mix, if the marginal product of capital is 50, the marginal product of labour must be A) 10. B) 20. C) 25. D) 50. E) 100. 22) Suppose that capital costs $6 per unit and labour costs $3 per unit. If […]
15.1 Aggregate Demand 1) The basic aggregate demand and aggregate supply curve model helps explain A) short term fluctuations in real GDP and the price level. B) long term growth. C) price fluctuations in an individual market. D) output fluctuations in an individual market. 2) FedEx plays such a large role in moving packages around the country that there is usually a close relationship […]
171.Supposethatthepricesofdairyproductshaverisenrelativelylessthanpricesingeneraloverthelastseveralyears.TowhichproblemintheconstructionoftheCPIisthissituationmostrelevant? a.substitutionbias b.introductionofnewgoods c.unmeasuredqualitychange d.incomebias 172.Samanthagoestothegrocerystoretomakehermonthlypurchaseofgingerale.Assheentersthesoftdrinksection,shenoticesthatthepriceofgingeralehasincreased15percent,soshedecidestobuysomepeppermintteainstead.TowhichproblemintheconstructionoftheCPIisthissituationmostrelevant? a.substitutionbias b.introductionofnewgoods c.unmeasuredqualitychange d.incomeeffect 173.Assumethatconsumersconsiderriceandpotatoestobesubstitutes,sothatwhenthepriceofricerises,consumerspurchaselessriceandmorepotatoes.WhentheCPIiscomputedfollowingtheincreaseinthepriceofrice,ittakesintoaccount a.theincreaseinthepriceofrice. b.thedecreaseinthequantityofricepurchasedandtheincreaseinthequantityofpotatoespurchased. c.Both(a)and(b)arecorrect. d.Noneoftheaboveiscorrect. 174.Bynottakingintoaccountthepossibilityofconsumersubstitution,theCPI a.understatesthecostofliving. b.overstatesthecostofliving. c.mayoverstateorunderstatethecostofliving,dependingonhowquicklypricesrise. d.mayoverstateorunderstatethecostofliving,regardlessofhowquicklypricesrise. 175.Supposepricesofpersonalcomputersfallsignificantlyandconsumersrespondbybuyingmorepersonalcomputers.Theconsumerpriceindex a.reflectsthispricedecreaseaccurately. b.understatesthispricedecreaseduetothesubstitutionbias. c.overstatesthispricedecreaseduetotheincomebias. d.overstatesthispricedecreaseduetothesubstitutionbias. 176.Whennewgoodsareintroduced,consumershavemorevarietyfromwhichtochoose.Asaresult,eachdollarisworth a.more,andthecostoflivingincreases. b.more,andthecostoflivingdecreases. c.less,andthecostoflivingincreases. d.less,andthecostoflivingdecreases. 177.Theintroductionofanewgood a.increasesthecostofmaintainingthesamelevelofeconomicwell-being. b.decreasesthecostofmaintainingthesamelevelofeconomicwell-being. c.hasnoimpactonthecostofmaintainingthesamelevelofeconomicwell-being. d.mayincreaseordecreasethecostofmaintainingthesamelevelofeconomicwell-being,dependingonhowexpensivethenewgoodis. 178.OneofthewidelyacknowledgedproblemswithusingtheconsumerpriceindexasameasureofthecostoflivingisthattheCPI a.failstoaccountforconsumerspendingonhousing. b.accountsonlyforconsumerspendingonfood,clothing,andenergy. c.failstoaccountforthefactthatconsumersspendlargerpercentagesoftheirincomesonsomegoodsandsmallerpercentagesoftheirincomesonothergoods. d.failstoaccountfortheintroductionofnewgoods. 179.BecausetheCPIisbasedonafixedbasketofgoods,theintroductionofnewgoodsandservicesintheeconomycausestheCPItooverestimatethecostofliving.Thisissobecause a.newgoodsandservicesarealwaysofhigherqualitythanexistinggoodsandservices. b.newgoodsandservicescostlessthanexistinggoodsandservices. c.newgoodsandservicescostmorethanexistinggoodsandservices. d.whenanewgoodisintroduced,itgivesconsumersgreaterchoice,thusreducingtheamounttheymustspendtomaintaintheirstandardofliving. 180.TowhichoftheproblemsintheconstructionoftheCPIistheinventionofpocket-sizedcomputersmostrelevant? a.substitutionbias b.introductionofnewgoods c.unmeasuredqualitychange d.incomebias
111. According to the graph shown, if the market goes from equilibrium to having its price set at $10 then: A. producer surplus rises by area B, but falls by area E. B. producer surplus rises by area B, but falls by area D + E. C. producer surplus rises by area B + C, but falls by area D + E. D. producer surplus rises by […]
3.2 Opportunity Cost 1) In a production possibilities frontier graph, the cost of producing more units of a good is measured by the A) dollar value of the resources used to produce the good. B) amount of the other good or service that must be forgone. C) dollar value of the additional output. D) area in the arc between the PPF and a […]
11) If the price of steel increases drastically, the quantity of steel demanded by the building industry will fall significantly over the long run because A) buyers of steel are more sensitive to a price change if they have more time to adjust to the price change. B) buyers of steel are less sensitive to a price change if they have more time […]
Table 4-8 Hourly Wage (dollars) Quantity of Labor Supplied Quantity of Labor Demanded $8.00 350,000 390,000 8.50 360,000 380,000 9.00 370,000 370,000 9.50 380,000 360,000 10.00 390,000 350,000 10.50 400,000 340,000 Table 4-8 shows the demand and supply schedules for the low-skilled labor market in the city of Westover. 54) Refer to Table 4-8. If a minimum wage of $10.00 is […]
11) Which one of the following statements is the MOST accurate? A) Devaluation reflects a deliberate government decision. B) Depreciation reflects a deliberate government decision. C) Devaluation reflects a deliberate government decision while depreciation is an outcome of government actions and market forces acting together. D) Depreciation reflects a deliberate government decision while devaluation is an outcome of government actions and market forces […]
Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.
Also, provide a graduate-level response to each of the following questions:
[Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion].
[Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]
This activity/assignment will help students understand “channels of distribution” and “supply chain logistics.”
Activity: Review Figures 10.2 (Manufacturers Direct to Consumers) and Figure 10.3 (Manufacturers through a Channel) in chapter 10, discuss the pros and cons of each scenario
The assignment is to answer the question provided above in essay form. This is to be in narrative form and should be as thorough as possible. Bullet points should not to be used. The paper should be at least 1.5 - 2 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing at least one outside scholarly or professional source related to marketing management. The textbook should also be utilized. Do not insert excess line spacing. APA formatting and citation should be used.
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