Paper on Managerial Economics Application, Strategy, and Tactics

The paper should be four pages long (give or take a little bit…).  Standard paper instructions; double spaced, 12-point Times New Roman Font, 1″ margins.  No outside references are required, but if you use them, reference them using APA style.  Please have a title page with the topic and your name on it (and whatever… Continue reading Paper on Managerial Economics Application, Strategy, and Tactics

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Multiple Choice Questions On The Principles Of Microeconomics

Microeconomics 1.    Which of the following is not a basic question that each economy must answer?  [removed]A) Which resources are scarce?[removed]B) For whom shall the goods be produced?[removed]C) How shall goods be produced?[removed]D) What goods shall be produced? 2.    If Kim can either wash 10 cars or wax 2 cars during a day, and Vince can either… Continue reading Multiple Choice Questions On The Principles Of Microeconomics

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vocabulary in business studies

ECON 102_Quiz 5_ Study Guide with Answers 5 A firm’s product price multiplied by the total number of items sold is called total revenue A firm’s total revenue is equal to price multiplied by quantity. Economic profit is never larger than accounting profit Economic profit is total revenue less total opportunity costs. Total opportunity costs… Continue reading vocabulary in business studies

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Test on Business Principles

Question Score:  1 of 1 pt                                                                             Test Score: 57.78% (8.67 of 15 pts) Which of the following is true about the long-run average cost curve? Question Score:  0.67 of 1 pt                                                                       Test Score: 57.78% (8.67 of 15 pts) At its current short-run level of production, a firm’s average variable costs equal $30.00 per unit and its average fixed costs… Continue reading Test on Business Principles

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