# quiz 1 - Question 1 1 out of 1 points Which of the...

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Question 1 1 out of 1 points Which of the following is NOT a characteristic of a typical indifference curve? Answer Selected Answer: The curve will shift out if income increases. Correct Answer: The curve will shift out if income increases. Question 2 1 out of 1 points In spending all his income, the consumer chooses the bundle of goods that maximizes his utility. Which of the following statements will be correct? Answer Selected Answer: D. The addition to utility of the last unit of the good per dollar is equal across all goods. Correct Answer: D. The addition to utility of the last unit of the good per dollar is equal across all goods. Question 3 1 out of 1 points Market demand Answer

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Selected Answer: All of the above. Correct Answer: All of the above. Question 4 1 out of 1 points A firm will maximize profit by producing that level of output at which: Answer Selected Answer: Both B and C. Correct Answer: Both B and C. Question 5 1 out of 1 points Answer the question using the following marginal benefit and marginal cost functions for activity A: MB = 100 - 5A MC = 20 + 3A The fifth unit of activity A will: Answer Selected Answer: Increase net benefits by 40. Correct Answer: Increase net benefits by 40.
Question 6 0 out of 1 points Refer to the following figure, which shows marginal benefits (MB) and marginal cost (MC) of activity A, to answer the question If the decision maker is choosing 300 units of activity A: Answer Selected Answer: Both B and C. Correct Answer: This level maximizes net benefits. Question 7 1 out of 1 points If a ple coefficient passes the t-test, it means that Answer Selected Answer: The regression coefficient is significantly different from zero. Correct Answer: The regression coefficient is significantly different from zero. Question 8 1 out of 1 points In a linear

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regression equation of the form Y = a + bX, the intercept parameter a shows Answer Selected Answer: The value of Y when X is zero. Correct Answer: The value of Y when X is zero. Question 9 1 out of 1 points In the linear model Y = a + bX + cZ, a test of the hypothesis that parameter c equals zero is Answer Selected Answer: A t-test. Correct Answer: A t-test. Question 10 1 out of 1 points The principal- agent problem arises when Answer Selected Answer: Both A and B. Correct Answer: Both A and B. Question 11 0 out of 1 points
St. Charles Hospital, located in an upper- income neighborhood of a large city, recently received a restored mansion as a gift from an appreciative patient. The board of directors decided to remodel the mansion and use it as recuperative quarters for patients willing to

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## This note was uploaded on 04/02/2012 for the course MGE 302 taught by Professor Isse during the Spring '08 term at SUNY Buffalo.

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quiz 1 - Question 1 1 out of 1 points Which of the...

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