Manerial Economics And Globalization Essay

999 words - 4 pages

Question 1
4 out of 4 points
| |
| When demand elasticity is ____ in absolute value (or ____), an increase in price will result in a(n) ____ in total revenues.Answer | | | |
| Selected Answer: |    less than 1; inelastic; increase |
Correct Answer: |    less than 1; inelastic; increase |
| | | |
Question 2
4 out of 4 points
| |
| Iron ore is an example of a:Answer | | | |
| Selected Answer: |    producers' good |
Correct Answer: |    producers' good |
| | | |
Question 3
4 out of 4 points
| |
| Marginal revenue (MR) is ____ when total revenue is maximized.Answer | | | |
| Selected Answer: |    equal to zero |
Correct Answer: ...view middle of the document...

Answer | | | |
| Selected Answer: |    percentage, percent |
Correct Answer: |    percentage, percent |
| | | |
Question 11
4 out of 4 points
| |
| The Identification Problem in the development of a demand function is a result of:Answer | | | |
| Selected Answer: |    the simultaneous relationship between the demand and supply functions |
Correct Answer: |    the simultaneous relationship between the demand and supply functions |
| | | |
Question 12
4 out of 4 points
| |
| In testing whether each individual independent variables (Xs) in a multiple regression equation is statistically significant in explaining the dependent variable (Y), one uses the:Answer | | | |
| Selected Answer: |    t-test |
Correct Answer: |    t-test |
| | | |
Question 13
4 out of 4 points
| |
| In which of the following econometric problems do we find Durbin-Watson statistic being far away from 2.0?Answer | | | |
| Selected Answer: |    autocorrelation |
Correct Answer: |    autocorrelation |
| | | |
Question 14
4 out of 4 points
| |
| An closest example of a risk-free security isAnswer | | | |
| Selected Answer: |    U.S. Government Treasury bills |
Correct Answer: |    U.S. Government Treasury bills |
| | | |
Question 15
4 out of 4 points
| |
| The ____ is the ratio of ____ to the ____.Answer | | | |
| Selected Answer: |    coefficient of variation; standard deviation; expected value |
Correct Answer: |    coefficient of variation; standard deviation; expected value |
| | | |
Question 16
4 out of 4 points
| |
| A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____.Answer | | | |
| Selected Answer: |    marginal costs |
Correct Answer: |    marginal costs |
| | | |
Question 17
4 out of 4 points
| |
| Based on risk-return tradeoffs observable in the financial marketplace, which of the following securities would you expect to offer higher expected returns than corporate bonds?Answer | | | |
| Selected Answer: |    common stock |
Correct Answer: |    common stock |
| | | |
Question 18
4 out of 4 points
| |
| The primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are:Answer | | | |
| Selected Answer: |    the coefficient of variation is a measure...

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