Econ MidTerm.pdf - Bisk Page 1 of 15 Test Review Amanda...

This preview shows page 1 - 5 out of 15 pages.

Test Review - Amanda OlsonYour test grade is 96%The professor has configured this test to allow students to:Show Questions Answered CorrectlyShow Questions Answered IncorrectlyShow All Responses Selected By StudentShow What The Correct Response Should BeQUESTION:1[QUESTION BANK ID:113824]TYPE:MULTIPLE CHOICECORRECTWhich of the following would be considered an extent decision? A A business is considering diversifying into a new line of businessB A business is considering shutting down operationsC A business is considering the sale of an underperforming line of businessD A business manager is trying to decide how many workers to hire for a new line of business
QUESTION:2[QUESTION BANK ID:20285]TYPE:MULTIPLE CHOICEPage 1 of 15Bisk5/23/2018...
CORRECTIf supply falls in a perfectly competitive market, we can expect all of the following EXCEPT
QUESTION:3[QUESTION BANK ID:13660]TYPE:MULTIPLE CHOICECORRECTA Marginal cost of $160,000 and marginal benefit of $120,000B Marginal cost of $400,000 and marginal benefit of $420,000C Marginal cost of $120,000 and marginal benefit of $120,000D Marginal cost of $160,000 and marginal benefit of $220,000Page 2 of 15Bisk5/23/2018...
QUESTION:4[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?
QUESTION:5[QUESTION BANK ID:44269]TYPE:MULTIPLE CHOICECORRECTA company currently sells 60,000 units a month at $10 per unit. The variable cost per unit is $6. The company decided to raise the price about 10%. How much change in the number of units sold can the company afford and still be no worse off?
Page 3 of 15Bisk
D + 12,000QUESTION:6[QUESTION BANK ID:91049]TYPE:MULTIPLE CHOICECORRECT

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture