Fixed costs are zero B. The number of firms in the industry is fixed Correct C. There is free entry and exit of firms in the industry D. Production costs for a given level of output are minimized Answer Key: C Question 7 of 19 5.0 Points Marginal product is: A. the increase in total output attributable to the employment of one more worker. Correct B. the increase in total revenue attributable to the employment of one more
Final Exam Answers just a click away BUS 475 Capstone Final Examination Part 1 (100% Accurate) 3. From the point of view of consumer surplus and producer surplus, what problem was created when Thailand subsidized the cost of energy to consumers to help alleviate the burden of higher energy costs? a) It encouraged the consumption of too much fuel at the expense of other goods. b) It has no effect; consumers gained consumer surplus, but taxpayers lost the same amount because they had to finance the subsidy. c) It hurt the poor and benefitted the rich.
2. Given the following Euro to $ Exchange rate of 1.46, what is the information contained in this quote? If the Purchasing Power Parity Theory is correct, what is true about the relationship between the US dollar and the Euro at this exchange rate? 3. A US multinational company is required to report its financial results in US dollars.
When the government prevents prices from adjusting naturally to supply and demand, efficiency is improved in the economy. ANSWER: F TYPE: T KEY1: D SECTION: 2 OBJECTIVE: 7 RANDOM: Y [cxviii]. A market economy cannot possibly produce a socially desirable outcome because individuals are motivated by their own selfish interests. ANSWER: F TYPE: T KEY1: D SECTION: 2 OBJECTIVE: 7 RANDOM: Y [cxix]. While the invisible hand cannot guarantee efficiency, it is better at guaranteeing equity.
Money supply works by three ways: open market operations, changing the reserve requirement, and changing the federal funds rate. Open market operations are bonds purchased through the Fed and are monitored by the Fed. If the government sells bonds the money supply decreases; if the government is buying back bonds the money supply will increase. According to
| Increased, increased | C. | Increased, reduced | D. | Reduced, increased | | | 2. If the critics of globalization are correct, all of the following things must be shown except | | | Student Response | A. | The share of national income received by labor, as opposed to the share received by the owners of capital should have declined in advanced nations | B. | Even though labor's share of the economic pie may have declined, living standards need not deteriorate
Now the discount rate refers to the interest rate charged to commercial banks and other collection institutions on loans received by the Federal Reserve lending facility. Federal Reserve banks offer different discounts, these are: primary credit, secondary credit and seasonal credit, each have their own rates. The last one of the monetary tools listed is reserve requirements; this last one refers to the amount of funds that a depository institution must hold in reserve against deposit liabilities. These are subject to change if it is decided by the Board of
Marketing Audit Approach. A Marketing Audit is a comprehensive, systematic, independent, and periodic analysis that a company uses to examine its position in relation to its current and potential market(s). A marketing audit may also exhibit weaknesses and recognize opportunities to improve an organization marketing activities in selling products and services. A Marketing Audit will help a company to position products and services for optimum sales, evaluate the competitive environment, identify problems with marketing efforts, evaluate pricing strategy, and implement cost-effective marketing strategies and tactics. An effective marketing audit takes into consideration the general business environment and the general market environment.
Once this has been done, the reason for the underlying problems will not be only speculations and the decision makers could then take action to correct the situation basing their decisions with the results of the survey. The purpose of this paper will be to show how identifying the marketing research problem can help with the management decision. Also, how to apply the components of the marketing research problem and to describe the key concepts used in this marketing research problem approach. The management decision problem that Melissa Marcello and Julie Litzenberger face is that they are trying to prove to skeptics or firms that do not believe in professional marketing that professional marketing is very useful and successful. Melissa believes that this is a problem that could be answer with marketing research.
Plan Market Research BSB-MKG506B Assessment task-3 Plan Market Research Project Submitted to Meridan Assessment Task -3 Plan Market Research Project Use of Market Research for an Organisation Marketing research is the function that links the consumer, customer, and public to the marketer through information. This information is used to identify and define marketing opportunities and problems; to generate, refine, and evaluate marketing actions; to monitor marketing performance; and to improve understanding of the marketing process. Marketing research specifies the information, manages and implements the data-collection process, analyzes the results, and communicates the findings and their implications. Marketing research is concerned