Econ 528 homework 1 Study guides, Class notes & Summaries

University of Louisiana, Lafayette - ECON 528 Module 6 Homework Assignment Started on Monday, 1 October 2018, 1:55 PM State Finished Completed on Monday, 1 October 2018, 10:27 PM Time taken 8 hours 32 mins Marks 15.70/20.00 G rade 7.85 out of 10.00 (79%) Question 1 Correct Mark 1.00 out of 1.00 Which of the following is a characteristic shared by a perfectly competitive firm and a monopoly? Select one: a. Each must lower its price to sell more output. b. Each maximizes profits by producing a qu...

ECON 528 HOMEWORK 2 ECON 528 HOMEWORK 2 Quantity of Fixed Cost Variable Cost Total Cost Average Total Cost Lanterns (dollars) (dollars) (dollars) (dollars) 75 200 170 370 4.93 80 200 230 430 5.36 90 200 7.67 100 200 810 115 200 11.8 117 200 1264 1464 12.5 120 200 1480 Quantity of Lanterns Fixed Cost (dollars) Variable Cost (dollars) Total Cost (dollars) Average Tot...

ECON 528 HOMEWORK 1 - Questions and Answers|ECON 528 HOMEWORK 1 - Questions and Answers|ECON 528 HOMEWORK 1 - Questions and Answers

University of Louisiana, Lafayette - ECON 528 Module 5 Homework Assignment Started on Sunday, 23 September 2018, 5:59 PM State Finished Completed on Monday, 24 September 2018, 10:06 PM Time taken 1 day 4 hours Marks 21.00/25.0 0 Grade 8.40 out of 10.00 (84%) ECON528-850-ECON528-010- Question 1 Correct Mark 1.00 out of 1.00 Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month. Refer to Figure 4-5. What is the value of cons...

University of Louisiana, Lafayette - ECON 528 Module 2 Homework Assignment Started on Monday, 3 September 2018, 3:31 PM State Finished Completed on Monday, 3 September 2018, 8:27 PM Time taken 4 hours 56 mins Marks 19.20/20.00 Grade 9.60 out of 10.00 (96%) Question 1 Correct Mark 1.00 out of 1.00 Golda Rush quit her job as a manager for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,000 per year, invested her savings of $30,000 (which was earning 5 perc...

University of Louisiana, Lafayette - ECON 528 Module 4 Homework Assignment Started on Monday, 17 September 2018, 10:14 PM State Finished Completed on Monday, 17 September 2018, 10:21 PM Time taken 6 mins 53 secs Marks 15.00/20 .00 Grade 7.50 out of 10.00 (75%) Question 1 Correct Mark 1.00 out of 1.00 Economies of scale exist as a firm increases its size in the long run because of all of the following except Select one: a. as a firm expands its production, its profit margin per-unit of output in...

ECON 528 HOMEWORK 2 ECON 528 HOMEWORK 2 Quantity of Fixed Cost Variable Cost Total Cost Average Total Cost Lanterns (dollars) (dollars) (dollars) (dollars) 75 200 170 370 4.93 80 200 230 430 5.36 90 200 7.67 100 200 810 115 200 11.8 117 200 1264 1464 12.5 120 200 1480 Quantity of Lanterns Fixed Cost (dollars) Variable Cost (dollars) Total Cost (dollars) Average Tot...

1 Question 1 Correct Marked out of 1.00 Flag Question 2 Correct Marked out of 1.00 Flag Question 3 Correct Marked out of 1.00 Flag b. False a. True Question text Accounting costs exclude implicit costs. Select one: Question text Adam spent $10,000 on new equipment for his small business, "Adam's Fitness Studio." Membership at his fitness center is very low and at this rate, Adam needs an additional $12,000 per year to keep his studio open. Which of the following is true...

ECON 528 HOMEWORK 1 - Questions and Answers|ECON 528 HOMEWORK 1 - Questions and Answers|ECON 528 HOMEWORK 1 - Questions and Answers

University of Louisiana, Lafayette - ECON 528 Module 1 Homework Assignment.Started on Monday, 8 October 2018, 10:05 PM State Finished Completed on Monday, 8 October 2018, 10:51 PM Time taken 45 mins 58 secs Marks 15.00/20.00 Grade 7.50 out of 10.00 (75%) The law of diminishing marginal returns states that increases in the variable input reduce the total product. Select one: True False The correct answer is 'False'. We should use relatively more labor if we learn that the marginal product per d...