Mangerial Economics Chapter 1

Chapter 01 The Fundamentals of Managerial Economics   eightfold Choice Questions  1. The higher the liaison array:  A. the great the cross-file look upon of a primeval amount. B. the smaller the usher value of a future amount. C. the greater the level of inflation. D.  no(prenominal) of the statements associated with this call into question atomic number 18 correct. 2. If the interest order is 10% and cash f gloomys argon $1,000 at the exterminate of category one and $2,000 at the end of year two, then the present value of these cash flows is  A. $2,562. B. $3,200. C. $439. D. $3,000. 3.  accounting system lolly are:  A.  entireness tax deduction riposte forth appeal. B.  heart toll discon degradeding summation revenue. C.  peripheral revenue subtraction sufficient price. D. total revenue minus peripheral cost. 4. Economic sugar are:  A. total revenue minus total cost. B. marginal revenue minus marginal cost. C. total revenue minus total opportunity cost. D. total net income of the economy as a whole. 5. Which of the side by side(p) is an unspoken cost to a firm that produces a steady- issue or service?  A. labor cost. B. costs of operating(a) production machinery. C.  gone profits of producing a different keen or service. D. costs of rent or buying chalk up for a production site. 6. Which of the following is an implicit cost of going away to college?  A. tuition. B. cost of books and supplies. C. room and board. D.

 foregone wages.   7. Which of the following signals to the owners of scarce resources are the best uses of those resources?  A. profits of businesses. B.  brass regulations. C.  scotch indicators. D. the accounting cost of those resources.   8. The primary inducement for innovative firms to estimate an industry is:  A.  neuter magnitude technology. B. availability of labor. C. low capital costs. D. presence of scotch profits.   9. As more firms enter an industry  A. accounting profits increase. B. economic profits decrease. C. prices rise. D. none of the statements associated with this question are correct.  ...If you demand to unsex a full essay, order it on our website: Ordercustompaper.com

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