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Submitted by ldsarl on Sat, 2013-09-14 11:17
due on Wed, 2013-09-18 11:16
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week 11 final exam

). Evidence from empirical studies of short-run cost-output relationships lends support to the:

2). Break-even analysis usually assumes all of the following except:

3). In determining the shape of the cost-output relationship only ____ depreciation is relevant. Answer

4). In the linear breakeven model, the breakeven sales volume (in dollars) can be found by multiplying the breakeven sales volume (in units) by: Answer

5). A firm in pure competition would shut down when: Answer

Selected Answer: price is less than average variable cost Correct Answer: price is less than average variable cost

6). Buyers anticipate that the temporary warehouse seller of unbranded computer equipment will Answer

7). An "experience good" is one that: Answer

8). Experience goods are products or services Answer

9). The demand curve facing the firm in ____ is the same as the industry demand curve. Answer

10). In the electric power industry, residential customers have relatively ____ demand for electricity compared with large industrial users. But contrary to price discrimination, large industrial users generally are charged ____ rates. Answer

11). The practice by telephone companies of charging lower long-distance rates at night than during the day is an example of: Answer

12). Of the following, which is not an economic rationale for public utility regulation? Answer

13). If a cartel seeks to maximize profits, the market share (or quota) for each firm should be set at a level such that the ____ of all firms is identical. Answer

14). Which of the following is an example of an oligopolistic market structure? Answer

15). Some market conditions make cartels MORE likely to succeed in collusion. Which of the following will make collusion more successful? Answer

16). Even ideal cartels tend to be unstable because Answer

17). In making promises that are not guaranteed by third parties and in imposing penalties that are not enforced by third parties, all of the following are credibility-enhancing mechanisms except Answer

18). The Prisoner’s Dilemma involves two spies who are held in separate soundproof rooms. But even if the two spies could communicate, what makes it difficult for them to achieve the cooperative solution (both not confessing)? Answer

19). When airlines post prices on an electronic bulletin board at 8:00 a.m. each morning, the decision-makers are engaged in Answer

20). To trust a potential cooperator until the first defection and then never cooperate thereafter is Answer

21). Vacation tours to Europe invariably package visits to disparate regions: cities, mountains, and the seaside. Bundling, a type of second degree price discrimination, is most profitable when: Answer

22). Firms that have a cover charge for their customers and charge for each item they purchase as well are exhibiting Answer

23). The optimal mark-up is: m = -1/ (E+1). When the mark-up on cookware equals 50%, then demand elasticity (E) for cookware is: Answer

24). Third-degree price discrimination exists whenever: Answer

25). Governance mechanisms are designed Answer

26). Vertical integration may be motivated by all of the following except: Answer

Economies of ever wider spans of managerial control

27). Agency problems appear in many settings within a firm. All of the following are examples, except which is NOT a good example of this problem? Answer

28). Reliant assets are always all of the following except: Answer

29). ____ occurs whenever a third party receives or bears costs arising from an economic transaction in which the individual (or group) is not a direct participant. Answer

30). The lower the barriers to entry and exit, the more nearly a market structure fits the ____ market model. Answer

31). The ____ is equal to the some of the squares of the market shares of all the firms in an industry. Answer

32). ____ yields the same results as the theory of perfect competition, but requires substantially fewer assumptions than the perfectly competitive model. Answer

33).In determining the optimal capital budget, one should choose those project's whose ____ exceeds the firm's ____ cost of capital. Answer

34). The ____ method assumes that the cash flows over the life of the project are reinvested at the ____. Answer

35). Any current outlay that is expected to yield a flow of benefits beyond one year in the future is

36). Capital expenditures

Answer
Submitted by Google on Wed, 2014-06-18 16:18
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Here i have attached, xxx xxxx xxx PDF xxxxx xxx best xxx can use PDF file, xxxxxx xxxx work best xx PDF.thanks 

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xxxxxxxx x

4 out of x xxxxxx

xxxxx

xxx xxxxxx xx operating leverage is equal to xxx xxxx change in ____ xxxxxxx by the xxxx change xx ____.

xxxxxx

xx

xxxxxxxx Answer:

  

xxxxxxxxxxx EBIT; percentage; xxxxx

Correct xxxxxxx

  

percentage; xxxxx percentage; sales

xxxxxxxx 2

x out of 4 points

xxxx

xxx xxxxxxxxx xxxx xxxxxxxx xxx

Answer

xx

Selected Answer:

  

xxxxxxxx xx xxxxxxxxx in xxxxx xxx xx more xxxxxx xx the xxxxxxxxxx process xxx fixed

Correct xxxxxxx

  

relevant xx decisions in xxxxx xxx xx xxxx inputs to the xxxxxxxxxx xxxxxxx xxx xxxxx

Question x

x xxx of x xxxxxx

xxxxxx

Theoretically, xx a xxxxxxxx xxxx xxxxxxxxx

Answer

x

xxxxxxxx xxxxxxx

  

all xxxxxx xxx xxxxxxxxxx xxxxxxxx

xxxxxxx xxxxxxx

  

all xxxxxx are xxxxxxxxxx xxxxxxxx

Question 4

x out xx x points

xxx

xxxxxxxx xxxx empirical studies of xxxxxxxx cost-output relationships lends xxxxxxx to xxxx

xxxxxx

xxxxxxxx xxxxxxx

  

xxxxxxxxxx

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Answer
Submitted by Google on Wed, 2014-06-18 16:17
teacher rated 494 times
4.86235
price: $30.00

100% Best Tutorail ECO550 week 11 Final exam 1 and 2, Big file containing a lot of Questions with System Report Answer Guaranteed 200/200

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file1.docx preview (976 words)

Question x

x out xx x points

xxxxxxxxxx

xxx xxxxxx of xxxxxxxxx xxxxxxxx is xxxxx to the xxxx change in ____ divided xx xxx ____ xxxxxx xx ____.

xxxxxx

xx

Selected Answer:

  

percentage; xxxxx xxxxxxxxxxx sales

xxxxxxx xxxxxxx

  

xxxxxxxxxxx EBIT; percentage; sales

Question 2

4 xxx of x points

xxxx

The short-run xxxx function xxx

xxxxxx

xx

xxxxxxxx Answer:

  

xxxxxxxx to xxxxxxxxx xx which xxx xx xxxx inputs to the xxxxxxxxxx process xxx fixed

Correct xxxxxxx

  

relevant to xxxxxxxxx xx which one xx more inputs to the production process xxx xxxxx

xxxxxxxx x

4 xxx xx x points

xxxx

xxxxxxxxxxxxxx xx a xxxxxxxx xxxx xxxxxxxxx

xxxxxx

xx

xxxxxxxx Answer:

  

xxx inputs xxx considered xxxxxxxx

Correct xxxxxxx

  

all xxxxxx are considered xxxxxxxx

xxxxxxxx 4

4 out of 4 points

xxxxxxx

xxxxxxxx from xxxxxxxxx studies of xxxxxxxx cost-output relationships lends support xx the:

xxxxxx

Selected Answer:

  

hypothesis

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Answer
Submitted by SolutionGuru on Sun, 2013-09-15 04:01
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ECO 550 Final Exam Solutions__SECURE A+

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ECO 550 Final Exam xxxxxxxxxxxxxxxxx A+

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Question 1

xxx short-run cost xxxxxxxx xxxx

xxxxxx

where xxx inputs to the xxxxxxxxxx xxxxxxx xxx variable

relevant xx xxxxxxxxx xx xxxxx xxx or xxxx inputs to the production xxxxxxx xxx xxxxxx

xxx relevant xx optimal pricing xxx xxxxxxxxxx xxxxxx xxxxxxxxxx

crucial xx making xxxxxxx xxxxxxxxxx xxxxxxxxx in xxx production xxxxxxxxxxx

Question 2

In x study xx banking xx asset xxxx over xxxxx xx xxx xxxx xxxxx asset sizes xxx tending to become more prominent.  The xxxx xxxx is becoming more xxxxxxxxxxx xx presumed to be xxxxx xxxxx This is called:

Answer

regression xx the mean xxxxxxxxxx

breakeven analysis.

survivorship xxxxxxxxxx

engineering cost xxxxxxxxxx

a Willie xxxxxx analysis.

Question 3

Which of xxx following xx xxxxxxxx assumption xx xxx xxxxxx xxxxxxxxx xxxxxxx

Answer

constant xxxxxxx price xxx unit

decreasing xxxxxxxx cost per unit

xxxxx costs xxx independent of xxx output level

a xxxxxx xxxxxxx (or x xxxxxxxx xxx of xxxxxxxxx xx being xxxxxxxx xxx xxxxx

xxx

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