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UCI ECON / IS 13 HOMEWORK 2 . 100% GRADED.
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_d 1. The nation of Pineland forbids international trade. In Pineland, you can buy 1 pound of fish for 2 pounds of pineapples. In other countries, you can buy 1 pound of fish for 1.5 pounds of pineapples. These facts indicate that a. Pineland has a comparative advantage, relative to other countries, in producing fish. b. other countries have a comparative advantage, relative to Pineland, in producing pineapples. c. the price of pineapples in Pineland exceeds the world price of pineapples. d. if ...

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ECON 6100: Chapter 13 and 14 Direct and Indirect Price Discrimination.
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ECON 6100: Chapter 13 and 14 Direct and Indirect Price Discrimination.1. Which of the following is an example of price discrimination? a. Seniors paying a lower price for tickets at movie theatres b. Students paying discounted rates on travel c. Tourists paying higher prices on local attractions than locals d. All of the above ANSWER: d TOPICS: Section 1: Introduction 2. The practice of buying a firm’s good in one market at a low price and selling it in anot...

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Answer Key - Assignment One - Chapters 1 & 2—The One Lesson of Business & Benefits, Costs, and Decisions
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Answer Key - Assignment One - Chapters 1 & 2—The One Lesson of Business & Benefits, Costs, and Decisions Answer Key - Assignment One - Chapters 1 & 2—The One Lesson of Business & Benefits, Costs, and Decisions MULTIPLE CHOICE 1. One lesson of business: a. is tracing the consequences of a policy. b. promoting a policy change to eradicate inefficiencies. c. moving assets from lower to higher value uses, thereby creating wealth. d. None of the above 2. An individual’s value for a good...

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ECON 6100 Chapter-10-Strategy:The Quest to Keep Profit from Eroding
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ECON 6100 Chapter-10-Strategy:The Quest to Keep Profit from Eroding.1. Firms maintain their completive edge by a. Providing a good at lower costs than their rivals b. Providing a superior product at the same cost as your rival c. Being innovative d. All the above ANSWER: d TOPICS: Section 1: Strategy is Simple 2. Which of the following is the foundation for success for a company facing competition a. Create an advantage over the competition b. Protect t...

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University of Louisiana, Lafayette - ECON 528 Module 5 Homework Assignment
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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 21.00/25.00 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 consumer surplus after the imposition of the ceiling at $1000 per mon...

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ECON 2101 Chapter 10 Externalities Sec00 MULTIPLE CHOICE QUESTIONS AND ANSWERS.
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1. In a market economy, government intervention a. will always improve market outcomes. b. reduces efficiency in the presence of externalities. c. may improve market outcomes in the presence of externalities. d. is necessary to control individual greed. ANS: C DIF: 1 REF: 10-0 NAT: Analytic LOC: Markets, market failure, and externalities TOP: Externalities MSC: Applicative 2. In the absence of externalities, the "invisible hand" leads a market to maximize a. producer profit from that market. b...

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UCI Econ / IS 13 Homework 2 100 points
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UCI Econ / IS 13 Homework 2 (100 points) Due: Check Syllabus for due date For MC Please use F288 Scantron to submit your answers For SA part, please write or type your answer on a separate sheet. Multiple Choice (1 point each) Identify the choice that best completes the statement or answers the question. ____ 1. The nation of Pineland forbids international trade. In Pineland, you can buy 1 pound of fish for 2 pounds of pineapples. In other countries, you can buy 1 pound of fish for 1.5 p...

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Test Bank for Managerial Economics 3rd Edition
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CHAPTER 2 1) When the market is in equilibrium, a) Total surplus is minimized b) Total surplus is maximized without government intervention c) Government maximizes total revenue d) None of the above ANS: B 2) The difference between the minimum price the producer is willing to accept and the price the producer actually receives for a product is referred to as: a) market surplus b) market shortage c) buyer surplus d) seller surplus. ANS: D 3) If you are willing to sell your l...

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Global Economy (Econ,IS 13) Homework 2
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Global Economy (Econ,IS 13) Homework The nation of Pineland forbids international trade. In Pineland, you can buy 1 pound of fish for 2 pounds of pineapples. In other countries, you can buy 1 pound of fish for 1.5 pounds of pineapples. These facts indicate that a. Pineland has a comparative advantage, relative to other countries, in producing fish. b. other countries have a comparative advantage, relative to Pineland, in producing pineapples. c. the price of pineapples in Pineland exceeds the w...

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University of Louisiana, Lafayette - ECON 528 Final Exam
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Question 1 Incorrect Mark 0.00 out of 1.00 Question 2 Incorrect Mark 0.00 out of 1.00 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 pr...

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