Economics 5050 - 1680 Words

†¢ Question 1 0 out of 1 points In making a decision about whether to increase its advertising budget the firm management should not consider Answer Selected Answer: the added revenue from increased sales Correct Answer: interest payments on the firms loan. Response Feedback: Is this fixed cost that the firm has to pay regardless of advertising? †¢ Question 2 0 out of 1 points If marginal cost is equal to average total cost, then Answer Selected Answer: a. marginal cost is minimized. Correct Answer: b. average total cost is minimized. †¢ Question 3 0 out of 1 points A restaurant currently has two cooks and ten waiters. Cooks earn $10 an hour and waiters earn $5 an hour. The last cook†¦show more content†¦could serve more patients with the same payroll by hiring more doctors and fewer nurses. Correct Answer: d. could serve more patients with the same payroll by hiring more nurses and fewer doctors. Response Feedback: You have to consider the marginal product per dollar spent, i.e., the number of additional patients served divided by salary. At the optimal, MP/P must be equal for doctors and nurses. Are they? †¢ Question 10 0 out of 1 points We observe that the equilibrium price of coffee falls and the equilibrium quantity falls. Which of the following best fits the observed data? Answer Selected Answer: a. an increase in demand with supply constant. Correct Answer: d. a decrease in demand with supply constant. †¢ Question 11 1 out of 1 points When Sonoma Vineyards reduces the price of its Cabernet Sauvignon from $15 a bottle to $12 a bottle, the result is an increase in Answer Selected Answer: c. the quantity of this wine demanded. Correct Answer: c. the quantity of this wine demanded. †¢ Question 12 0 out of 1 points Economic profit is the best measure of a firm’s performance because Answer Selected Answer: b. economic profit fully accounts for all sources of revenue. Correct Answer: d. the opportunity cost of using ALL resources is subtracted from total revenue. †¢ Question 13 0 out of 1 points You receive a phone call from a telemarketing firm and areShow MoreRelatedThe Book Of The City Of Ladies2292 Words   |  10 Pagespublic and high-profile advocacy groups, campaigning for the right to vote and equality in economic and property rights. As a result, starting from the latter half of the 1990s, the relevant national legislation has been undergoing a process of review and important steps have been taken towards the establishment of gender equality through various legal amendments. Globally, women have fewer opportunities for economic participation than men, less access to basic and higher education, greater health andRead MorePerception of People Towards Various Avenues of Investment4611 Words   |  19 PagesSavings form an important part of the economy of any nation. With the savings invested in various options available to the people, the money acts as the driver for growth of the country and attitude towards saving depends on the demographic and socio economic factors. In this research paper we tried to evaluate that which is the most favorable option in which people like to invest their savings and which factors do generally considered by people while making investments in available avenues. For thisRead MoreBusiness Model and Strategic Plan Part I2477 Words   |  10 PagesBUSINESS MODEL AND STRATEGIC PLAN 13 Business Model and Strategic Plan Part I BUS/475 Castle Dong September 15TH, 2014 Brian Gahan BUSINESS MODEL AND STRATEGIC PLAN 1 EXECUTIVE SUMMARY In todays economic environment, businesses and corporations must meet the customers demand by create differentiable value. To achieve this goal, organizations must have clear Mission and Vision statements to lead the way, also a certain synergy between innovation and strategic planning. This paper introducesRead More Struggling to Succeed: An Examination of Black Business Essay3140 Words   |  13 Pagesblacks must accept the identity for it to affect them. Since hegemony is a combined sum of â€Å"coercion and consent† (Omi and Winant, 152), it represents a 5050 split of responsibility for its effects. So then what is the identity that whites have created for blacks? It is one that lacks the proper education, self-assuredness, sufficient economic resources, and social power necessary to succeed in a business-oriented world. By systematically attacking these foundations within the canonic successfulRead MoreSwatch Group2921 Words   |  12 Pagesanalysis, the environment where Swatch company exists could be seen clearly. Lately e-commerce is used widely and becoming more popular. Due to the credit crunch, customers switch their purchase from Luxury items to low-price items. However, persistent economic recession in the UK has an adverse impact on Swatch. Intensive competition with other companies still put heavy pressure on it. Fortunately, Swatch has already been a strong brand image in the customers’ mind and has a wider presence in the fashionRead MoreEnvironmental Impact of Aviation Essay2673 Words   |  11 Pagesenvironment. (Hill, 2010 17-22) Scientific analysis and debate concerning greenhouse gases and global warming have brought air quality to the forefront in the environmental community and general public concern. The future FAA 5050 Handbook will most likely consider assessment guidelines for potential impacts resulting from emissions of air toxics from aircraft engines, ground vehicles, and other point sources at airports. Although jet engines built after 1982 emitRead MoreApple Case Study 15375 Words   |  22 Pagescut the iphone 3GS price to $50. cross-price elasticity of demand = % ∆ in demand for product A% ∆ in price for product B %∆ in price for iphone: Price of Iphone 3GS, 2010 + Price of Iphone 3GS, 2011∆ Price of Iphone = 199 + 5050-199 = -1.671% With the Market share OS table above we can compute the % ∆ I demand for prodct competing with the iphone. %∆ in demand for Symbian = Symbian market share of Q1 2011 – Symbian market share of 2010 = 27.4% - 37.6% = -8Read MoreEssay on Heineken Business Analyses15259 Words   |  62 Pagesis 19 years old. He lives in Kootstertille. Jogchum Otten, he is 19 years old. He lives in Augustinusga. Nico de With, he is 22 years old. He lives in Joure. Klaas-Jan Streekstra, he is 21 years old. He lives in Anjum. We all study business economics at the NHL University in Leeuwarden, and we are in the 2nd year now. We made this report for a school task. We had to choose between different companies and we thought Heineken was a good fit for us. Both because it is a Dutch company and we loveRead MoreColgate Palmolive: Marketing Strategies and Programs5256 Words   |  22 Pageslast several years and that pace is expected to continue (Cook, 2012). f. Current Marketing Problems Generally, the marketing problems that Colgate Palmolive company faces are threat of fake products, changes in retail scenario globally and global economic conditions. A recent marketing problem is a core ingredient of its top-selling Colgate Total  toothpaste is suddenly the heart of a public health tempest, but regulators have neither banned the chemical nor deemed it unsafe. There is no well-testedRead MoreMarks Spencer: Situational Analysis5697 Words   |  23 Pagescaters parties, receptions, weddings, etc. Product mission: provide customers the finest quality of Asian food in the most efficient time. Community mission: provide community support through customer involvement. Economic mission: operate and grow at a profitable rate through sound economic decisions. TARGETED CUSTOMER SEGMENTS The products of Asian Spicy Food address the mass market of Asian customers in the country. The restaurant will produce different types of food that address all customers