These two investment opportunities 20000 100000

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Midterm

Question 21 -   Multiple Choice ID : 5155696 Correct Question : In the spring and summer of 1993 , Chronic Wasting Disease wiped out 25 % of the elk herd in Wyoming , and the number of st accordingly . In order to compensate for the decrease in license issuances , Wyoming dramatically increased the price . Unfortunately , thi reported a 50 % decrease in total elk license revenues for ' 93 . Which of the following most accurately describes this economic situation ?
 The demand for Wyoming elk hunting is price inelastic
 The demand for Wyoming elk hunting is price elastic
 The supply of Wyoming elk hunting is price elastic
 The demand for Wyoming elk hunting fell
Question 22 -   Multiple Choice ID : 5155699 Correct Question : Mr. D 's Barbeque of Pickwick , TN , produces 10,000 dry-rubbed rib slabs per year . Annually , Mr. D 's fixed costs are $ 50,000 . $ 2 . Suppose Mr. D smoked 10 % more ribs . Total cost would fall , but by less than 10 % Average total cost would drop
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Question 23 -   Multiple Choice ID : 5155722 Correct Question : If the price of CD players decreases , what can we expect to happen in the market for compact discs ?
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Question 24 -   Multiple Choice ID : 5155658 - The correct answer has been circled . Question : Of the following types of costs , which is most likely a fixed cost for a shoe manufacturer ?
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Question 25 -   Multiple Choice ID : 5155672 Correct Question : Smitty 's Hot Boiled Peanuts recently reported that its revenue increased from the previous quarter along with its profits . What only change Smitty ’s made was in its price ?
 Price decreased and demand was inelastic Price increased and demand was inelastic Demand was unit elastic Price increased and demand was elastic
these two investment opportunities?20,000100,000200,000150,000
Question 20 - Multiple Choice ID: 5155694CorrectQuestion: A yo-yo manufacturer is producing 5,000 yo-yos selling them for $1.50 each. At this level of output, marginal revenue is $1.50yo-yo manufacturer Is a competitive firm (price taker)Is a monopolistic firm (price searcher)
Question 21 - Multiple Choice ID: 5155696CorrectQuestion: In the spring and summer of 1993, Chronic Wasting Disease wiped out 25% of the elk herd in Wyoming, and the number of staccordingly. In order to compensate for the decrease in license issuances, Wyoming dramatically increased the price. Unfortunately, thireported a 50% decrease in total elk license revenues for '93. Which of the following most accurately describes this economic situation?
Question 22 - Multiple Choice ID: 5155699CorrectQuestion: Mr. D's Barbeque of Pickwick, TN, produces 10,000 dry-rubbed rib slabs per year. Annually, Mr. D's fixed costs are $50,000. $2. Suppose Mr. D smoked 10% more ribs. Total cost would fall, but by less than 10%Average total cost would drop
Question 23 - Multiple Choice ID: 5155722CorrectQuestion: If the price of CD players decreases, what can we expect to happen in the market for compact discs?The equilibrium price of compact discs will fallThe equilibrium price of compact discs will riseThe equilibrium price of compact discs will stay the sameNone of the above
Question 24 - Multiple Choice ID: 5155658- The correct answer has been circled.Question: Of the following types of costs, which is most likely a fixed cost for a shoe manufacturer?
Question 25 - Multiple Choice ID: 5155672CorrectQuestion: Smitty's Hot Boiled Peanuts recently reported that its revenue increased from the previous quarter along with its profits. Whatonly change Smitty’s made was in its price?

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