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Exam (elaborations)

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  • ASU SHS 470
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  • ASU SHS 470

Exam of 8 pages for the course ASU SHS 470 at ASU SHS 470 (MBA Prepworks.)

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  • May 30, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • ASU SHS 470
  • ASU SHS 470

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MBA Prepworks – BMAS - Prepworks Fundamentals of Economics questions with correct answers When the alternative with the lowest expected returns are eliminated, you should erase them from a decision diagram - ✔✔ ANSW✔✔ False The EMV is a numner based on averaging - ✔✔ ANSW✔✔ True The EMV of an alternative with a .5 probability of making $500 is definitely $250 - ✔✔ ANSW✔✔ False Branches are connected by squares only - ✔✔ ANSW✔✔ FAlse The decision maker determines which branch to follow from an event node - ✔✔ ANSW✔✔ False The fixed costs for a certain project are $50 and it costs $2 to produce one unit. The equation that relates Y (total costs) to X (total number of units pr oduced is Y= 2 + 50X - ✔✔ ANSW✔✔ False A variable cost is one the will be incurred regardless of how the level of production varies - ✔✔ ANSW✔✔ false The graph for the equation Y= 9w^2 + 56w + 15 would look like - ✔✔ ANSW✔✔ a parabola An upward sloping parabola has a maximum point at its vertex - ✔✔ ANSW✔✔ False An appliance manufacturer's total costs are equal to its fixed costs plus its monthly rent - ✔✔ ANSW✔✔ False Which of the following is a monomial expression? - ✔✔ ANSW✔✔ 143x^4 + 3x ^4 Which of the following is a binomial expression? - ✔✔ ANSW✔✔ 143x^4 + 78x^4 + 6x^4 + 76 The contribution margin is the amount that can be contributed to fixed costs - ✔✔ ANSW✔✔ True when the following equation holds true, we are at the breakeven level in dollars: Sales - Variable Costs = Fixed costs - ✔✔ ANSW✔✔ True For the equation 2x - 3y = 6, the x and y intercepts are x=3 and y=2 - ✔✔ ANSW✔✔ True When solving for an unknown variable that has a number preceding it, you will divide both sides of the equat ion by this number, which is known as the - ✔✔ ANSW✔✔ Coefficient To separate an unknown variable from its exponent one should, - ✔✔ ANSW✔✔ multiply the exponent by its inverse You can solve for two unknown variables with only one equation - ✔✔ ANSW✔✔ False The graph for the equation y = 2X would look like - ✔✔ ANSW✔✔ none of the above

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