ECON Mid Term - Question 1 2.5 out of 2.5 points What is...

 Question 1
2.5 out of 2.5 points
What is the goal of the firm:
Selected
Answer:
expected value
maximization
Answers: profit maximumization
expected value
maximization
market share
maximization
sales revenue growth
 Question 2
2.5 out of 2.5 points
The minimum return on investment necessary to attract and retain
investment is the risk-adjuxted:
 Question 3
2.5 out of 2.5 points
There are zero constraints on the firm's goal.
Answers:
 Question 4
2.5 out of 2.5 points
The difference between economic and accounting profit is:

 Question 5
2.5 out of 2.5 points
The role of profits in a market economy is to:
Selected
Answer:
allocate
resources
Answers: enrich the
capilitist
enrich the
laborers
allocate
resources
redistribute the
wealth
 Question 6
2.5 out of 2.5 points
If the economic profits of a firm are above normal they are also above:

 Question 7
0 out of 2.5 points
The first derivative of Total Revenue is:
 Question 8
2.5 out of 2.5 points
"If the demand curve for a good is estimated to be P=20-7Q, what is the
marginal revenue equation for that good?"
 Question 9
0 out of 2.5 points
"In the previous question, what is the average revenue equation?"