EC 692 Final Exam 50 Questions and 100% Correct Answers
2026/27 Latest– UNA.
IncorrectQuestion 1
pts
A dentist's office, which wants to serve the maximum number of patients
given a fixed payroll, currently has two dentists and four dental hygienists.
Dentists earn $60,000 a year and hygienists earn $15,000 a year. If the office
is hiring the optimal combination of dentists and hygienists, and the last
dentist hired served 120 additional patients, how many patients will the last
hygienist hired add?
120
30
240
60
IncorrectQuestion 2
pts
Refer to the figure below, which shows marginal benefits (MB) and marginal
cost (MC) of activity A:
EC 692 Final Exam
,If the decision maker is choosing 400 units of activity A,
the activity could be reduced by one unit and net benefits will rise by $25.
the activity could be increased by one unit and net benefits will increase by
$15.
the activity could be reduced by one unit and net benefits would decrease by
$10.
the activity could be reduced by one unit and net benefits will increase by
$10.
this level maximizes net benefits.
Question 3
pts
EC 692 Final Exam
,Refer to the following table:
What is the net benefit of the 5th unit of the activity?
80
50
70
60
none of the above
Question 4
pts
A manager in charge of new product development can hire engineers and
market researchers. The annual salary of an engineer is $30,000 and that of
a market researcher is $20,000. The marginal contribution of engineers and
market researchers are
EC 692 Final Exam
, Given the above information, if the manager has an annual budget of
$120,000, how should this budget be allocated in order to maximize the
number of new products developed?
Hire two engineers and three market researchers.
Hire three engineers and two market researchers.
Hire three engineers and four market researchers.
Hire two engineers and one market researcher.
Question 5
pts
A clinic uses doctors and nurses optimally and is servicing the maximum
number of patients given a limited annual payroll. The last doctor hired
treated 1,600 extra patients in a year, while the last nurse hired treated
1,000 extra patients in a year. If doctors make $40,000 a year, what do
nurses make?
$25,000 a year
EC 692 Final Exam
2026/27 Latest– UNA.
IncorrectQuestion 1
pts
A dentist's office, which wants to serve the maximum number of patients
given a fixed payroll, currently has two dentists and four dental hygienists.
Dentists earn $60,000 a year and hygienists earn $15,000 a year. If the office
is hiring the optimal combination of dentists and hygienists, and the last
dentist hired served 120 additional patients, how many patients will the last
hygienist hired add?
120
30
240
60
IncorrectQuestion 2
pts
Refer to the figure below, which shows marginal benefits (MB) and marginal
cost (MC) of activity A:
EC 692 Final Exam
,If the decision maker is choosing 400 units of activity A,
the activity could be reduced by one unit and net benefits will rise by $25.
the activity could be increased by one unit and net benefits will increase by
$15.
the activity could be reduced by one unit and net benefits would decrease by
$10.
the activity could be reduced by one unit and net benefits will increase by
$10.
this level maximizes net benefits.
Question 3
pts
EC 692 Final Exam
,Refer to the following table:
What is the net benefit of the 5th unit of the activity?
80
50
70
60
none of the above
Question 4
pts
A manager in charge of new product development can hire engineers and
market researchers. The annual salary of an engineer is $30,000 and that of
a market researcher is $20,000. The marginal contribution of engineers and
market researchers are
EC 692 Final Exam
, Given the above information, if the manager has an annual budget of
$120,000, how should this budget be allocated in order to maximize the
number of new products developed?
Hire two engineers and three market researchers.
Hire three engineers and two market researchers.
Hire three engineers and four market researchers.
Hire two engineers and one market researcher.
Question 5
pts
A clinic uses doctors and nurses optimally and is servicing the maximum
number of patients given a limited annual payroll. The last doctor hired
treated 1,600 extra patients in a year, while the last nurse hired treated
1,000 extra patients in a year. If doctors make $40,000 a year, what do
nurses make?
$25,000 a year
EC 692 Final Exam
