Firstclass5
On this page, you find all documents, package deals, and flashcards offered by seller FirstClass5.
- 1694
- 0
- 46
Community
- Followers
- Following
7 Reviews received
1736 items
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
An economist estimated that the cost function of a single-product firm is: C(Q) = 90 + 35Q + 25Q^2 + 10Q^3. Based on this information, determine the following: a. The fixed cost of producing 10 units of output. b. The variable cost of producing 10 units of output. c. The total cost of producing 10 units of output. d. The average fixed cost of producing 10 units of output. e. The average variable cost of producing 10 units of output.
- Exam (elaborations)
- • 13 pages •
An economist estimated that the cost function of a single-product firm is: C(Q) = 90 + 35Q + 25Q^2 + 10Q^3. Based on this information, determine the following: a. The fixed cost of producing 10 units of output. b. The variable cost of producing 10 units of output. c. The total cost of producing 10 units of output. d. The average fixed cost of producing 10 units of output. e. The average variable cost of producing 10 units of output.
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
Economics: - the study of human behavior; trying to solve information and incentive problems Pillars of economic wisdom: - 1. We are self-interested 2. We respond to incentives 3. TANSTAAFL 4. Sunk costs are sunk 5. Choices are made at the margin 6. Value is created by moving resources from low-value to high-value uses 7. Value is subjective Economic value added = - Net operating profit after taxes - (capital * cost of capital) The two steps of problems solving are: - (1) Fig...
- Exam (elaborations)
- • 6 pages •
Economics: - the study of human behavior; trying to solve information and incentive problems Pillars of economic wisdom: - 1. We are self-interested 2. We respond to incentives 3. TANSTAAFL 4. Sunk costs are sunk 5. Choices are made at the margin 6. Value is created by moving resources from low-value to high-value uses 7. Value is subjective Economic value added = - Net operating profit after taxes - (capital * cost of capital) The two steps of problems solving are: - (1) Fig...
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
opportunity cost - it represents what is given up when one option is selected over another marginal analysis - thinking about what happens if you do a little bit more or a little bit less of something marginal analysis - looking at the extra benefit or cost of doing one more thing incremental concepts - this is like marginal analysis but looks at big decisions - not just one small change, but how much total benefit or cost comes from changing somthing incremental concepts -
- Exam (elaborations)
- • 11 pages •
opportunity cost - it represents what is given up when one option is selected over another marginal analysis - thinking about what happens if you do a little bit more or a little bit less of something marginal analysis - looking at the extra benefit or cost of doing one more thing incremental concepts - this is like marginal analysis but looks at big decisions - not just one small change, but how much total benefit or cost comes from changing somthing incremental concepts -
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
Identification problem - The difficulty of deriving the demand curve for a commodity from observed price-quantity points that result from the intersection of different and unobserved demand and supply curves for the commodity. Consumer surveys - The questioning of a sample of consumers about how they would respond to particular changes in the price and other determinants of the demand for the commodity. Observational research - The gathering of information on consumer preferences by ...
- Exam (elaborations)
- • 20 pages •
Identification problem - The difficulty of deriving the demand curve for a commodity from observed price-quantity points that result from the intersection of different and unobserved demand and supply curves for the commodity. Consumer surveys - The questioning of a sample of consumers about how they would respond to particular changes in the price and other determinants of the demand for the commodity. Observational research - The gathering of information on consumer preferences by ...
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
People tend to eat more at all you can eat buffets than they would at any other restaurants. This is so because the cost of consuming an additional item at an all you can eat buffet is: a. negative b. zero c. positive d. none of the above - b. zero Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.. Which of the following are true? a. AC fall by $1.50 b. AC rise by $1.00 c. AC rise by $1.50 d. AC fall by $1.00 - A. AC fall by $1.50
- Exam (elaborations)
- • 33 pages •
People tend to eat more at all you can eat buffets than they would at any other restaurants. This is so because the cost of consuming an additional item at an all you can eat buffet is: a. negative b. zero c. positive d. none of the above - b. zero Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.. Which of the following are true? a. AC fall by $1.50 b. AC rise by $1.00 c. AC rise by $1.50 d. AC fall by $1.00 - A. AC fall by $1.50
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
Economics - It is a social science concerned with the factors that determine the production, distribution, and consumption of goods and services Political economy - ________________ was the earlier name for this subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences. Manager - A __________ is a person who directs reso...
- Exam (elaborations)
- • 7 pages •
Economics - It is a social science concerned with the factors that determine the production, distribution, and consumption of goods and services Political economy - ________________ was the earlier name for this subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences. Manager - A __________ is a person who directs reso...
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
One Lesson of business A is tracing the consequences of a policy B promoting a policy C moving assets from lower to higher value uses, therby creating wealth D none of the above - Moving assets from lower to higher value uses, thereby creating wealth. An individual's value for a good or service is the A the amount of money he or she used to pay for a good B the amount of money he or she is willing to pay for it C the amount of money he or she has to spend on Goods D...
- Exam (elaborations)
- • 20 pages •
One Lesson of business A is tracing the consequences of a policy B promoting a policy C moving assets from lower to higher value uses, therby creating wealth D none of the above - Moving assets from lower to higher value uses, thereby creating wealth. An individual's value for a good or service is the A the amount of money he or she used to pay for a good B the amount of money he or she is willing to pay for it C the amount of money he or she has to spend on Goods D...
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
What types of market power are there? - Monopoly, imperfect competition (duopoly, oligopoly, monopolistic competition), effective competition, perfect competition 1) What is monopolistic competition? 2) What type of market power is it? 3) Why is it temporary? - 1) when there is a high level of product differentiation 2) niche market power 3) if there are low barriers to entry, a rival can produce a close product What is the formula for total cost? - TC(Q) = VC(Q) + FC What is t...
- Exam (elaborations)
- • 30 pages •
What types of market power are there? - Monopoly, imperfect competition (duopoly, oligopoly, monopolistic competition), effective competition, perfect competition 1) What is monopolistic competition? 2) What type of market power is it? 3) Why is it temporary? - 1) when there is a high level of product differentiation 2) niche market power 3) if there are low barriers to entry, a rival can produce a close product What is the formula for total cost? - TC(Q) = VC(Q) + FC What is t...
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
What types of market power are there? - Monopoly, imperfect competition (duopoly, oligopoly, monopolistic competition), effective competition, perfect competition 1) What is monopolistic competition? 2) What type of market power is it? 3) Why is it temporary? - 1) when there is a high level of product differentiation 2) niche market power 3) if there are low barriers to entry, a rival can produce a close product What is the formula for total cost? - TC(Q) = VC(Q) + FC What is t...
- Exam (elaborations)
- • 30 pages •
What types of market power are there? - Monopoly, imperfect competition (duopoly, oligopoly, monopolistic competition), effective competition, perfect competition 1) What is monopolistic competition? 2) What type of market power is it? 3) Why is it temporary? - 1) when there is a high level of product differentiation 2) niche market power 3) if there are low barriers to entry, a rival can produce a close product What is the formula for total cost? - TC(Q) = VC(Q) + FC What is t...
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
If the Government institutes a specific tax for a good that has a perfectly inelastic demand curve - the producer simply passes the entire tax on the consumer Economist tend to judge a model based on - the accuracy of its predictions If the price of automobiles were to decrease substantially, the demand curve for public transportation would most likely - shift leftward Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase - an increase in qua...
- Exam (elaborations)
- • 3 pages •
If the Government institutes a specific tax for a good that has a perfectly inelastic demand curve - the producer simply passes the entire tax on the consumer Economist tend to judge a model based on - the accuracy of its predictions If the price of automobiles were to decrease substantially, the demand curve for public transportation would most likely - shift leftward Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase - an increase in qua...
NURS 5432 UTA Final review Exam Questions and Answers (2025/2026)
Digital Literacy (IC3 GS6) Level 2 Exam Questions with Answers
IC3 GS6 Domain 1 Post-Assessment QUESTIONS WITH SOLUTIONS
IC3 GS6 Domains 3, 4, 5 Level 1 Questions with Latest Solutions
IC3 GS6 Vocabulary - Level 2 Comprehensive Questions and Answers