Mid-Term Test Questions & Answers.docx - Menu SectionFlorida Institute of Technology Graduate Current Courses Resources Profile Menu Avatar User

Mid-Term Test Questions & Answers.docx - Menu...

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Menu Section Florida Institute of Technology - Graduate Current Courses Resources Profile Menu Avatar User Name Mark Search Course Toolbar Managerial Economics Grades Test Review - Your test grade is 100% The professor has configured this test to allow students to: Show Questions Answered Correctly Show Questions Answered Incorrectly Show All Responses Selected By Student Show What The Correct Response Should Be QUESTION:1[QUESTION BANK ID:101227]TYPE:MULTIPLE CHOICECORRECTIf you are trying to determine the value of a business, which of the following factors would be irrelevant? << HIDE ANSWERS AInterest rate (discount rate)BCosts incurred by the businessCRevenues generated by the businessDHow long the business is expected to surviveENone of the factors are irrelevant
QUESTION:2[QUESTION BANK ID:43454]TYPE:MULTIPLE CHOICECORRECTDr. Octavio is an ophthalmologist who performs both cataract and LASIK surgeries. If a competitor starts offering LASIK surgery as well, causing a decrease in the price Dr. Octavio cancharge for LASIK, this price decrease << HIDE ANSWERS QUESTION:3[QUESTION BANK ID:25614]TYPE:MULTIPLE CHOICECORRECTIn a company that is experiencing economies of scale, which of the following is true? << HIDE ANSWERS QUESTION:4 [QUESTION BANK ID: 62739] TYPE: MULTIPLE CHOICE CORRECT << HIDE ANSWERS
QUESTION:5[QUESTION BANK ID:45329]TYPE:MULTIPLE CHOICECORRECTA spirits manufacturer is considering two potential production investments. Option A costs an initial $2 billion and will involve variable costs (labor and material) of $5 per bottle of spirits. Option B costs an initial $4 billion and will involve variable costs (labor and material) of $3 per bottle of spirits. Assuming an annual capital charge equal to 10 percent of the initial costs, what is the average fixed cost at production level of 30,000,000 bottles per year for the Option A facility?<< HIDE ANSWERS A$10.00B$5.00C$6.00D$6.67

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