Bank id 26448 type multiple choice correct hide

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Managerial EconomicsBUS5421_FINAL

QUESTION:5[QUESTION BANK ID:26448]TYPE:MULTIPLE CHOICECORRECT<< HIDE ANSWERSA0,0B10,-10C-10,10D5,5
QUESTION:6TYPE:MULTIPLE CHOICE
[QUESTION BANK ID:117217]CORRECTAfter acquiring a substitute product, to achieve greater profitability, one should<< HIDE ANSWERS
QUESTION:7[QUESTION BANK ID:23589]TYPE:MULTIPLE CHOICEINCORRECT<< HIDE ANSWERS
QUESTION:8[QUESTION BANK ID:115631]TYPE:MULTIPLE CHOICEINCORRECTIf you were attempting to reduce the possibility of moral hazard with your employees using corporate car insurance, you would NOT<< HIDE ANSWERS
QUESTION:9[QUESTION BANK ID:37567]TYPE:MULTIPLE CHOICEINCORRECTYou are considering entry into a market in which there is currently only one producer (incumbent). Entry will require $20k in fixed costs per year (avoidable at the end of each year). If you enter, the incumbent can take one of two strategies, price low or price high. If they price high, then you expect a $60k profit peryear. If they price low, then you expect a $20k loss per year. You should enter if you believe:<< HIDE ANSWERSADemand is inelasticBThe probability that the incumbent will price low is greater than 0.75CThe probability that the incumbent will price low is less than 0.75DThe entry decision depends on the size of the market
QUESTION:10[QUESTION BANK ID:25848]TYPE:MULTIPLE CHOICEINCORRECT

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