mgr econ quiz 1 - maximizing choice and then the price of...

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Question 1 3 out of 3 points A manufacturing company is considering purchasing a new machine that doubles capacity from 500 to 1,000 units per week. The machine will occupy approximately 500 square feet of vacant (unused) space on the factory floor. Which of the following costs are irrelevant in the decision to purchase this machine? Selected Answer: C. Monthly rental expense associated with the 10,000 square foot factory. Correct Answer: C. Monthly rental expense associated with the 10,000 square foot factory. Question 2 0 out of 3 points Suppose a consumer who purchases only two goods is making a utility-
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Unformatted text preview: maximizing choice and then the price of one of the goods decreases. What will happen? Correct Answer: B. Both A and B of the above are true. Question 3 3 out of 3 points In a multiple regression model, the coefficients on the independent variables measure Selected Answer: D. the change in the dependent variable from a one-unit change in that independent variable, all other influences held constant. Correct Answer: D. the change in the dependent variable from a one-unit change in that independent variable, all other influences held constant....
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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.

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mgr econ quiz 1 - maximizing choice and then the price of...

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