mgr econ quiz 9

# mgr econ quiz 9 - marginal cost is 2R If the committee...

This preview shows pages 1–2. Sign up to view the full content.

Question 30 3 out of 3 points A parameter estimate is said to be statistically significant if there is sufficient evidence that the Selected Answer: D. true value of the parameter does not equal zero. Correct Answer: D. true value of the parameter does not equal zero. Question 31 3 out of 3 points A Blue Ribbon Committee has decided that the amount of acid rain should be reduced and is trying to determine the optimal level of reduction. There are benefits from reducing acid rain (reduced loss of wildlife and forest, better health, etc.), but there are also costs. The committee estimates that the marginal benefit of each unit of reduction is \$700 – 5R, where R is units of reduction, and the

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: marginal cost is 2R. If the committee wants to maximize the net benefit from reducing acid rain, what is the optimal level of pollution reduction? Selected Answer: C. 100 units. Correct Answer: C. 100 units. Question 32 3 out of 3 points Actions a firm can take to change a product's demand curve include: Selected Answer: D. all of the above will change a product's demand curve. Correct Answer: D. all of the above will change a product's demand curve. Question 33 3 out of 3 points Seasonal or cyclical variation in a time series model Selected Answer: C. both A and B of the above are true. Correct Answer: C. both A and B of the above are true....
View Full Document

## This note was uploaded on 04/14/2010 for the course ECONOMICS 2345 taught by Professor Jamison during the Spring '10 term at York University.

### Page1 / 2

mgr econ quiz 9 - marginal cost is 2R If the committee...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online