External link to Question : 122.Barnes Company produces men’s ties. The following budgeted amounts were : 1302881

Question : 122.Barnes Company produces men’s ties. The following budgeted amounts were : 1302881

    122.Barnes Company produces men’s ties. The following budgeted amounts were provided by management for the current year:   CategoryStandard InputsStandard Cost Direct materials1.1 yards per tie$4.00 per yard Direct labor0.32 hours per tie$9.00 per hour   Barnes produced and sold 4,000 ties during 2014. Actual performance for the year is: Direct MaterialsDirect Labor Yards used in production4,100Labor hours incurred1,240 Yards purchased3,900Actual cost per […]

External link to Question : 49) Economists use game theory to analyze oligopolies because A) real : 1387872

Question : 49) Economists use game theory to analyze oligopolies because A) real : 1387872

    49) Economists use game theory to analyze oligopolies because A) real markets are too complicated to analyze without using games. B) it is more enjoyable for economists and students to learn by playing games. C) game theory helps us to understand why interactions among firms are crucial in determining profitable business strategies. D) game theory is useful in understanding the actions of firms […]

External link to Question : 91.The Produce Division of Nature Greenhasinvested capital of $940,000 and : 1302901

Question : 91.The Produce Division of Nature Greenhasinvested capital of $940,000 and : 1302901

    91.The Produce Division of Nature Greenhasinvested capital of $940,000 and noninterest-bearing current liabilities totaling $20,000.If the minimum required return is 11 percent, cost of capital is 9 percent, and residual income is$12,000, how much isNOPAT? A.$113,200 B.$115,400 C.$94,800 D.$96,600   92.Consider the following information for the Executive Division of Buy Electronics:   December 31 20142013 Total assets$11,800,000$11,000,000 Noninterest-bearing current liabilities500,000520,000 Net income700,000800,000 Interest […]

External link to Question : 221.Inacompetitivemarketthecurrentpriceis$5.ThetypicalfirminthemarkethasATC=$5.50andAVC=$4.50. a.Intheshortrunfirmswillshutdown,andinthelongrunfirmswillleavethemarket. b.Intheshortrunfirms : 1261539

Question : 221.Inacompetitivemarketthecurrentpriceis$5.ThetypicalfirminthemarkethasATC=$5.50andAVC=$4.50. a.Intheshortrunfirmswillshutdown,andinthelongrunfirmswillleavethemarket. b.Intheshortrunfirms : 1261539

  221.Inacompetitivemarketthecurrentpriceis$5.ThetypicalfirminthemarkethasATC=$5.50andAVC=$4.50. a.Intheshortrunfirmswillshutdown,andinthelongrunfirmswillleavethemarket. b.Intheshortrunfirmswillcontinuetooperate,butinthelongrunfirmswillleavethemarket. c.Newfirmswilllikelyenterthismarkettocaptureanyremainingeconomicprofits. d.Thefirmwillearnzeroprofitsinboththeshortrunandlongrun. 222.Inacompetitivemarketthecurrentpriceis$5.ThetypicalfirminthemarkethasATC=$5.00andAVC=$4.50. a.Intheshortrunfirmswillshutdown,andinthelongrunfirmswillleavethemarket. b.Intheshortrunfirmswillcontinuetooperate,butinthelongrunfirmswillleavethemarket. c.Newfirmswilllikelyenterthismarkettocaptureanyremainingeconomicprofits. d.Thefirmwillearnzeroprofitsinboththeshortrunandlongrun. 223.Inacompetitivemarketthecurrentpriceis$6.ThetypicalfirminthemarkethasATC=$5.00andAVC=$4.50. a.Intheshortrunfirmswillshutdown,andinthelongrunfirmswillleavethemarket. b.Intheshortrunfirmswillcontinuetooperate,butinthelongrunfirmswillleavethemarket. c.Newfirmswilllikelyenterthismarkettocapturesomeoftheeconomicprofits. d.Thefirmwillearnzeroprofitsinboththeshortrunandlongrun. 224.Jose’srestaurantoperatesinaperfectlycompetitivemarket.Atthepointwheremarginalcostequalsmarginalrevenue,ATC=$20,AVC=$15,andthepriceperunitis$10.Inthissituation, a.Jose’srestaurantisearningapositiveeconomicprofit. b.Jose’srestaurantshouldshutdownimmediately. c.Jose’srestaurantislosingmoneyintheshortrunbutshouldcontinuetooperate. d.themarketpricewillriseintheshortruntoincreaseprofits. 225.Thetermshutdown a.andthetermexitbothrefertoshort-rundecisionsthatafirmmightmake. b.andthetermexitbothrefertolong-rundecisionsthatafirmmightmake. c.referstoashort-rundecisionthatafirmmightmake,whereasthetermexitreferstoalong-rundecisionthatafirmmightmake. d.referstoalong-rundecisionthatafirmmightmake,whereasthetermexitreferstoashort-rundecisionthatafirmmightmake. 226.Foraparticularcompetitivefirm,theminimumvalueofaveragevariablecost(AVC)is$12andisreachedwhen200unitsofoutputareproduced.Forthesamefirm,theminimumvalueofaveragetotalcost(ATC)is$15andisreachedwhen230unitsofoutputareproduced.Whichofthefollowingstatementsiscorrect? a.Intheshortrun,thefirmwillshutdownifthepriceofitsproductis$11. b.In thelongrun,thefirmwill shutdownifthepriceof itsproductis$14. c.Ifthepriceofitsproductis$12,thenthefirm’slossifitproduces200unitsofoutputisthesameasitslossif d.Alloftheabovearecorrect. 227.Foraparticularcompetitivefirm,theminimumvalueofaveragevariablecost(AVC)is$12andisreachedwhen200unitsofoutputareproduced.Forthesamefirm,theminimumvalueofaveragetotalcost(ATC)is$15andisreachedwhen230unitsofoutputareproduced.Whichofthefollowingstatementsiscorrect? a.Intheshortrun,thefirmwillshutdownifthepriceofitsproductis$14. b.In thelongrun,thefirmwill shutdownifthepriceof itsproductis$11. c.Forthisfirm,theminimumvalueofvariablecost(VC)is$2,400. d.Ifthefirm’sfixedcost(FC)amountsto$500,thenthefirmcannotearnapositiveprofitunlessthepriceofitsproductexceeds$16. 228.Whenfixedcostsareignoredbecausetheyareirrelevanttoabusiness’sproductiondecision,theyarecalled a.explicitcosts. b.implicitcosts. c.sunkcosts. d.opportunitycosts. 229.Whenaprofit-maximizingfirm’sfixedcostsareconsideredsunkintheshortrun,thenthefirm a.cansetpriceabovemarginalcost. b.mustsetpricebelowaveragetotalcost. c.willnevershowlosses. d.cansafelyignorefixedcostswhendecidinghowmuchoutputtoproduce. 230.Whichofthesetypesofcostscanbeignoredwhenanindividualorafirmismakingdecisions? a.sunkcosts b.marginalcosts c.variablecosts d.opportunitycosts    

External link to Question : 71) Suppose Apple has collected extensive survey data about its : 1353331

Question : 71) Suppose Apple has collected extensive survey data about its : 1353331

  71) Suppose Apple has collected extensive survey data about its new iPhone, and respondents have rated it on twenty different features and benefits. Now researchers want to reduce the amount of data to a few underlying dimensions. Which data analysis technique should the researchers use? A) analogy B) conjoint analysis C) factor analysis D) multidimensional scaling E) cluster analysis 72) One study of adult […]

External link to Question : 91) The Canada Health Transfer (CHT) and the Canada Social : 1384338

Question : 91) The Canada Health Transfer (CHT) and the Canada Social : 1384338

  91) The Canada Health Transfer (CHT) and the Canada Social Transfer (CST) refer to transfer payments made by the federal government to A) the Medicare program. B) individuals. C) specific social programs. D) municipal governments. E) provincial governments. 92) Which of the following areas of spending account for the largest portion of total Canadian government expenditures? A) equalization payments B) defence spending C) subsidies […]

External link to Question : 81) In the Neoclassical growth model, the law of diminishing : 1384434

Question : 81) In the Neoclassical growth model, the law of diminishing : 1384434

  81) In the Neoclassical growth model, the law of diminishing marginal returns implies that capital accumulation leads to ever A) larger decreases in GDP and large decreases in living standards. B) larger increases in GDP but smaller decreases in living standards. C) smaller increases in GDP and living standards. D) larger levels of unemployment but small increases in the standard of living. E) larger […]

External link to Question : 11) Which of the following increases the quantity supplied of : 1238385

Question : 11) Which of the following increases the quantity supplied of : 1238385

  11) Which of the following increases the quantity supplied of compact discs but does NOT increase the supply of compact discs? A) a decrease in the price of a compact disc B) an increase in the price of a compact disc C) a decrease in the number of suppliers of compact discs D) an increase in the price of the resources used to produce […]

External link to Question : 13.9   Explaining Central Bank Behavior 1) The theory of bureaucratic : 1373760

Question : 13.9   Explaining Central Bank Behavior 1) The theory of bureaucratic : 1373760

  13.9   Explaining Central Bank Behavior   1) The theory of bureaucratic behavior suggests that the objective of a bureaucracy is to maximize A) the public’s welfare. B) profits. C) its own welfare. D) conflict with the executive and legislative branches of government. 2) The theory of bureaucratic behavior when applied to the Fed helps to explain why the Fed A) is supportive of congressional […]

External link to Question : 5.1   GDP, Income, and Expenditure 1) A measure of a country’s : 1228207

Question : 5.1   GDP, Income, and Expenditure 1) A measure of a country’s : 1228207

5.1   GDP, Income, and Expenditure   1) A measure of a country’s production is its A) gross daily production. B) general daily product. C) general domestic production. D) gross domestic product. E) gross total output.   2) The total production within an economy is measured as A) Gross Home Product. B) Total Domestic Output. C) Annual Production Value. D) Gross Domestic Product. E) Total Annual […]

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