Unit elastic supply - Study guides, Revision notes & Summaries

1. Which of the following tissues is always avascular? A) connective tissue D) epithelial tissue B) muscle tissue E) nervous tissue C) skeletal tissue Ans:  D Difficulty:  Medium 2. A scientist who examines tissue changes that might indicate disease is called a A) histologist. D) epidemologist B) radiologist. E) endocrinologist. C) pathologist. Ans:  C Difficulty:  Easy 3. The tissue lining body cavities is A) epithelial tissue. D) m...

Which of the following will not increase the demand for burritos? a.A big burritos sale. b.The discovery that eating burritos cures cancer. c.A rise in the price of burgers, a substitute. d.A fall in the price of guacamole, a complement. e.All of the above will increase the demand for burritos. a.A big burritos sale. Which of the following will not decrease the supply of burritos. discovery that eating burritos causes cancer. b.a rise in the price of the tortillas used to make bu...

1. Which of the following will not increase the demand for burritos? a. A big burritos sale. b. The discovery that eating burritos cures cancer. c. A rise in the price of burgers, a substitute. d. A fall in the price of guacamole, a complement. e. All of the above will increase the demand for burritos. a. A big burritos sale. 2. Which of the following will not decrease the supply of burritos. a. the discovery that eating burritos causes cancer. b. a rise in the price of the tortill...

ECON 201 Final Exam | Questions with complete solutions A profit-maximizing firm will: A. expand employment if marginal revenue product equals marginal resource cost. B. reduce employment if marginal revenue product equals marginal resource cost. C. reduce employment if marginal revenue product is less than marginal resource cost. D. expand employment if marginal revenue product is less than marginal resource cost. Which of the following describes the equilibrium condition in a purely competit...

BUSINESS MAJOR FIELD TEST QUESTIONS AND ANSWERS GRADED A;(FULL TEST BANK) Accounting: What costs should be considered when making non-routine decisions? (3) Ans- The price of material, Factory overhead costs, and the price of labor Accounting: Total product/ units produced and sold equals?? Ans- Product Cost per Unit Accounting: What is a general explanation of what the contribution margin is? Ans- The difference between variable costs subtracted from sales Accounting: In a ...

in a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of: correct answers Buyers and sellers demand is said to be _____________ when the quantity demanded changes at the same proportion as the price correct answers Unit elastic According to the law of supply: correct answers There is a direct relationship between price and quantity supplied a change in price of a good or service typically causes ____________________ for the specific ...

AREC 202 FINAL EXAM QUESTIONS AND ANSWERS 100% VERIFIED Excise Tax - answerTax on sales of a good or service: "per-unit" tax Effects: 1. It raises price paid by buyer 2. Reduces price received by sellers 3. Drives a wedge between the two ** If the producer is taxed, the supply curve will shift upwards by the amount of the tax. ** If the consumer is taxed, the demand curve will shift downwards by the amount of the tax. **It does not matter who is actually paying the tax, the burden is ...

ASU BIO 201: EXAM 3 QUESTIONS AND ANSWERS ALREADY PASSED 2 main division of the nervous system and organs of each Central Nervous System (brain and spinal cord) Peripheral nervous system (nerves and ganglia, all the nervous system except brain and spinal cord) 2 main pathways of ATP synthesis Anaerobic fermentation: cells make little ATP w/out oxygen, produces lactic acid (a major part in muscle fatigue) Aerobic respiration: produces more ATP, less toxic end products (CO2 and water...

AREC 202 FINAL EXAM QUESTIONS AND ANSWERS 100% VERIFIED Excise Tax - answerTax on sales of a good or service: "per-unit" tax Effects: 1. It raises price paid by buyer 2. Reduces price received by sellers 3. Drives a wedge between the two ** If the producer is taxed, the supply curve will shift upwards by the amount of the tax. ** If the consumer is taxed, the demand curve will shift downwards by the amount of the tax. **It does not matter who is actually paying the tax, the burden is ...

A change in price of a good or service typically causes for that specific good or service. correct answers a change along the supply curve Why would a bank require a borrower to have collateral or a cosigner before agreeing to lend funds? correct answers reduces risk associated with imperfect information If the supply curve for a product is vertical, then the elasticity of supply is:v correct answers equal to zero. Which of the following will not result in a rightward shift of the marke...