Marginal Cost and Correct Answer Essay

1420 WordsNov 21, 20126 Pages
Question 1 The primary objective of a for-profit firm is to ___________. Selected Answer: Correct Answer: 5 out of 5 points maximize shareholder value maximize shareholder value Question 2 5 out of 5 points The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? Selected Answer: Correct Answer: innovation theory of profit innovation theory of profit Question 3 5 out of 5 points The Saturn Corporation (once a division of GM) was permanently closed in 2009. What went wrong with Saturn? Selected Answer: Correct Answer: Saturn sold cars below the prices of Honda or…show more content…
Selected Answer: Correct Answer: autocorrelation autocorrelation Question 17 5 out of 5 points Consumer expenditure plans is an example of a forecasting method. Which of the general categories best described this example? Selected Answer: Correct Answer: survey techniques and opinion polling survey techniques and opinion polling Question 18 5 out of 5 points For studying demand relationships for a proposed new product that no one has ever used before, what would be the best method to use? Selected Answer: Correct Answer: consumer surveys, where potential customers hear about the product and are asked their opinions consumer surveys, where potential customers hear about the product and are asked their opinions Question 19 If two alternative economic models are offered, other things equal, we would Selected Answer: 5 out of 5 points select the model that gave the most accurate forecasts select the model that gave the most accurate forecasts Correct Answer: Question 20 5 out of 5 points The use of quarterly data to develop the forecasting model Yt = a +bYt−1 is an example of which forecasting technique? Selected Answer: Correct Answer: Time-series forecasting Time-series forecasting Question 21 If the

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