Having said all of that, here are the questions:
1. How far back was I when your radar first picked me up?
2. How far ahead of me was the closest car in front of me?
3. Was I in danger of hitting the closest car in front of me?
4. Was I in danger of hitti
a) Economic costs and Accounting costs are different because Accounting costs
only refer to the firms actual expenditures or explicit costs incurred for purchased
or rented inputs and is considered improtant for financ
2. According to the book, a student who is seeking to gain a degree in a managerial position would have
to take an abundance of courses that would cause them to spend more time in school than if they had
taken managerial e
a) The relationship between marginal product and average product would be that
when added together they would make the total product of the organization.
a) The law of diminishing returns is refl
a) The aim of forecasting is to reduce the risk or uncertainty that the firm faces in
it's short-term operational decision making and in planning for its long-term
b) The different types of
a) The advantage of using regression analysis over the marketing research
approaches of estimating demand would be that regression analysis allows
us to obtain estimates of the vertical intercept an
a) Total revenue equals the goods price multiplied by the quantity sold. Because
the price elasticity of demand shows the relationship between price and quantity
sold, the elasticity number captures
Game theory can be connected to oligopolies because game theory can help a
firm determine the conditions under which lowering its price would trigger a
ruinous price war. In other words, lowering the price to prevent an industry from
entering could lea
It seems that no matter how hard the United States government tries to please its citizens,
there are always repercussions that cause substantial, sensitive and very controversial dilemmas-placing the government in a very difficult position. The governmen
The two theories that seek to explain the rationale for the government intervention in the
economy are the economic theory of regulation and the public interest theory of
regulation. The economic theory of regulation was created to protect consumers, w
a) Firms produce more than one product in order to make more use of their
production facilities. This strategy is very good because most companies who
use machines own machines that can produce more than one type of pr
a) Oligopoly is the form of market organization in which there are a few sellers of a
differentiated product. Meaning, that there is a product that only has a limited number of sellers.
Examples of oligopolies include oil companies, teleph
QUIZ # 1
Needs can be multiplied infinitely.
Resources are limited in quantity.
Available resources enable us to satisfy our needs.
The three questions the economist must answer are:
Accounting 4A (Financial Accounting)
October 25, 2014
Acting ethically or acting unethically can mean many different things and can have many