Www.Wiki educ perfect competition short run and long run equilibrium of the firm and industry
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1.The Optimal use of a variable input – when The marginal revenue product equals marginal factor cost
2.In which range of market share – 30% to 85%
3.Which of the following is not usually a source – a firm may have a large marketing budget
4.Before launching a new type – sensitivity analysis
5.The type of economic indicator – leading indicator
6.Which of the following is not part of the four Step – developing internal
7.In which model is the new forecast equal – first order exponential
8.An oligopoly is – a, b and c
9.XYZ Inc. Has successfully adopted – allocatievly efficient, techniqually Inefficient
10.One explanation for the recent – regulation prohibited
11.Rex tillerson – align his incentives
12.Some firms profit –
13.As a percent of U.S GDP exports – have increased in recent years
14.Generally, investors expect – high risk
15.In the case of pure monopoly – a and b only
16.Dummy variable can be incorporated – seasonal effects
17.Which best describes the Chinese economy since 2000 – high growth from 2000-2010, Moderate growth since 2010
18.OPEC’s long-term sustainably – Saudi Arabia’s willingness
19.As a percent of U.S GDP exports – have increased in recent years
20.The main difference between pure competition – the degree of product
21.Which of the following is not an assumption law Of one – no exchange
22.Which of the following would tend to make demand inelastic – the proportion of the budget
23.A reduction is gasoline prices – contain one error, the lower gasoline Prices would cause
24.When government licensing - rent seeking
25.Without effective management – shirk
26.Corporate managers who are – principal agent problem
27.All of the following are criteria used to select Forecasting except – the time required
28.In the shareholder wealth maximization – profits (cash flows)
29.The cost-based strategy – focused cost
30.The law of diminishing marginal returns – none of the above
31.Which of the following is not a product Differentiation strategy – conducting an Industry
32.What are the two essential characteristics – non excludable & non depletable
33.If the board of regents – inelastic
34.In the U.S breakfast cereal market – concentrated
35.At a price of $5 Sam buys – Sam’s quantity demanded has decreased, and his demand
36.Risk is best defined as – the potential variability
37.In the cournot duopoly – output
38.A decrease in the price of a good would – increase the quantity demanded for the good
39.All of the following are criteria used to select Forecasting except – the time required
40.Even ideal – firms can benefit by secretly selling
41.Which of the following not one of porter’s five – threat of collusion
42.Milton Freidman – the social responsibility of business is to increase its profit
43.The marginal rate of technical – the rate at which all combinations
44.A three sigma event – a & b
45.Barometric price leadership – one firm is the industry initiates
46.Possible goals of not for profit – maximize total costs
47.When property right properly defined –
48.The paper market in Scranton – contestable
49.Which of the following is true about both short And long run – all of the above
50.ABC, Inc. Has contacted – transaction risk exposure