Unit 15 p1 p3 Study guides, Revision notes & Summaries

AQA AS ECONOMICS 7135/1 Paper 1 The Operation of Markets and Market Failure Version: 1.0 Final *jun* IB/M/Jun23/E10 7135/1 For Examiner’s Use Section Mark A B TOTAL Monday 15 May 2023 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the Insert • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Fill in the boxes at the top of this page. • Answer all questions in Section...

If there are transaction costs in the market for good X, should the market welcome intermediaries? Yes; both consumers and producers stand to benefit from an intermediary who can reduce transaction costs. Where P0 = $5, PS,0 = $8, PS,1 = $11, P = $14, PB,1 = $16, PB,0 = $18 P1 = $20, Q0 = 40, Q1 = 80, and Q = 120. Suppose there is a $10 per unit transaction cost. An intermediary enters the market and reduces the transaction cost to $5 per unit. By how much did this intermediary add to gains f...

This assignment was awarded a Distinction grade and is the 1st assignment for Unit 15 in the BTEC extended diploma in Business. PARTS OF THIS ASSIGNMENT (P1&P2) ARE RELATED TO A TOWN CENTRE THAT MAY NOT BE LOCAL TO YOU. PLEASE ONLY PURCHASE IF YOU ARE OKAY WITH THIS AS YOU MAY NEED TO CHANGE IT TO BE RELEVANT TO YOUR LOCAL AREA. It fully explains, analyses, and evaluates all the criteria needed to be awarded the best marks. These criteria include: -Current nature and structure of a local...

Chapter 03 Fundamentals of Cost-Volume-Profit Analysis True / False Questions 1. Both total revenues (TR) and total costs (TC) are likely to be affected by changes in the output. True False 2. Cost-volume-profit (CVP) analysis assumes that the production volume equals sales volume so that any changes in unit prices can be ignored. True False 3. The total contribution margin is the unit contribution margin multiplied by the number of units minus the fixed compo...

1. An LP problem with a feasible region will have a. an optimal solution at some interior point. b. an optimal solution at some extreme point. c. an optimal solution only at the origin. d. an optimal solution at two interior points. ANSWER: b 2. Microsoft Excel contains a built-in optimizer called a. what-if engines. b. calculators. c. solvers. d. risk analyzers. ANSWER: c 3. Which type of spreadsheet cell represents the objective function in an LP model? a. Objective cell...

Chapter 3—Applications of Demand and Supply MULTIPLE CHOICE 1. A change in consumer tastes for low-carb food and a decrease in their preferences for low-fat meals does not lead to which of the following? a. An inward shift of the demand curve for low-fat meals b. An outward shift of the demand curve for low-carb food c. An increase in the amount of resources used to produce low-carb food d. A decrease in the amount of resources used to produce low-fat meals e. A reduction in t...

FIN Unit 11 questions and answers with verified content 1. What are the portfolio weights for a portfolio that has 135 shares of Stock A that sells for $48 per share and 165 shares of Stock B that sells for $29 per share? The portfolio weight of an asset is total investment in that asset divided by the total portfolio value. First, we will find the portfolio value, which is: Total value = 135($48) + 165($29) = $6,480 + $4,785 = $11,265 The portfolio weight for each stock is: WA = 135($4...

AQA AS ECONOMICS Paper 1 The Operation of Markets and Market Failure Monday 15 May 2023 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the Insert • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Fill in the boxes at the top of this page. • Answer all questions in Section A. • Answer either Context 1 or Context 2 in Section B. • You will need to refer to the In...

Ob-50 Questions Evaluation for May-2023 Pnle-Refresher. 1. A senior high school student asks the school nurse, “How will I know that I am fertile?” The school nurse would be inaccurate if she states that one of the signs of ovulation is: a. Your cervical mucus is elastic b. Your cervical mucus is clear, thin, and watery c. You will experience a diffused lower abdominal discomfort that radiates to the back d. There will be a sudden drop in you temperature followed by an increase for .7...

Chapter 3—Supply and Demand: Theory MULTIPLE CHOICE 1. The law of demand states that price and quantity demanded are a. directly related, ceteris paribus. b. inversely related, ceteris paribus. c. independent. d. positively related, ceteris paribus. ANS: B PTS: 1 DIF: Easy NAT: Analytic LOC: Supplyanddemand 2. Which of the following illustrates the law of demand? a. Jorge buys fewer pencils at $2 per pencil than at $1 per pencil, ceteris paribus. b. Chen buys more ice cream at $4 per...