Marginal cost - Samenvattingen, Aantekeningen en Examens

market failure - correct answer a situation in which a market left on its own fails to allocate resources efficiently economics - correct answer the study of how society manages its scarce resources incentive - correct answer something that induces a person to act productivity - correct answer the quantity of goods and services produce from each unit of labor input opportunity cost - correct answer whatever must be given up to obtain some item externality - correct answ...

Question 1 Complete Marked out of 1.00 Flag question Question text The financial manager is evaluating a proposal for a new project with a cost of capital of 13.5%. The cash flows for the project are estimated as follows: Year Net cash flows 0 -R 1 000 000 1 R 650 000 2 R 450 000 3 R 350 000 The IRR is ... a. 12.03% b. 17.04% c. 20.05% d. 24.03% Question 2 Complete Marked out of 1.00 Flag question Question...

Contribution Margin correct answers Difference between marginal revenue and marginal cost. Break-even point correct answers Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead correct answers Indirect Costs Activity-based costing (ABC) correct answers Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. correct a...

BMAL 590 WEEK 6 MICROECONOMICS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ People respond to incentives blank_______. by calculating their individual costs and benefits and determining which is greater After much consideration, you have chosen Cancun over Ft. Lauderdale as your Spring Break destination this year. However, Spring Break is still months away, and you may reverse this decision. Which of the following events would prompt you to reverse this decision? The margina...

Economics is the study of how society manages itsunlimited wants and limited resources The opportunity cost of a choice is:the value of the opportunities lost. A rational decision maker takes an action only if themarginal benefit is greater than the marginal cost. Economists assume that people respond to:incentives Economics deals primarily with the concept ofscarcity The phenomenon of scarcity stems from the fact thatresources are limited

Purdue ECON 252 Exam 2 Latest Update Graded A capital accumulation the growth of capital resources, including human capital. when a country saves more, this grows faster. aggregate investment savings rate x GDP political creative destruction the process in which economic growth destabilizes existing regimes and reduces the political power of rulers. creative destruction refers to the process by which new technologies replace old ones, new businesses replace established companies, and new skil...

Well-structured MAC3703 Assignment 2 (ANSWERS) Semester 2 2023 ()- DISTINCTION GUARANTEED (DETAILED ANSWERS - DISTINCTION GUARANTEED!). QUESTION 1 (30 MARKS) Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career shift. At present, she is a credit provider (mashonisa) where she owns and runs the money lending business throughout the Eastern Cape under the name BZN Agri-Retailers (PTY) LTD. Having been in this business for more than 20 years, ...

ECS2601 Assignment 4 Semester 2 (ANSWERS) Question 1 Complete Mark 0.00 out of 2.00 Flag question Question text When a profit-maximising firm is at its short run optimum, a. none of the options will be true. b. the average cost of the product is at its lowest possible point, whether a profit is being made or not. c. the profit per unit of output will be at its maximum possible level. d. the firm will be shut down if its price is less than the average fixed cost. Question 2 Comp...

Suppose that the United States imposes a tariff on avocados imported from Mexico. What impact will this have on the price paid for avocados by United States citizens? - ANSWERS The price will increase. Which of the following is a consequence of a country imposing a tariff on imported goods? - ANSWERS The demand for foreign produced goods decreases. Suppose that the United States imposes a tariff on salt. What impact might this tariff have on the price for domestic consumers? - ANSWERS...

Edexcel A-level Economics Paper 1 2024/2025 questions and correct answers Economics - answer The study of the allocation of scarce resources. Economic Goods - answer Resources that are scarce. Short Run - answer A time period where at least one factor of production is fixed. Long Run - answer A time period where all factors of production are variable. Productivity - answer The output per unit of input. The Economic Problem - answer Resources are scarce but wants are infinite. Sca...