Essay about Marginal Cost and Correct Answer

1404 WordsMay 28, 20136 Pages
Question 1 5 out of 5 points Economic profit is defined as the difference between revenue and ____. Answer Selected Answer: total economic cost Correct Answer: total economic cost Question 2 5 out of 5 points Recently, the American Medical Association changed its recommendations on the frequency of pap-smear exams for women. The new frequency recommendation was designed to address the family histories of the patients. The optimal frequency should be where the marginal benefit of an additional pap-test: Answer Selected Answer: equals the marginal cost of the test Correct Answer: equals the marginal cost of the test Question 3 5 out of 5 points The flat-screen plasma TVs are selling extremely well. The…show more content…
Answer Selected Answer: Durbin-Watson test Correct Answer: Durbin-Watson test Question 17 5 out of 5 points The variation in an economic time-series which is caused by major expansions or contractions usually of greater than a year in duration is known as: Answer Selected Answer: cyclical variation Correct Answer: cyclical variation Question 18 5 out of 5 points If two alternative economic models are offered, other things equal, we would Answer Selected Answer: select the model that gave the most accurate forecasts Correct Answer: select the model that gave the most accurate forecasts Question 19 5 out of 5 points The type of economic indicator that can best be used for business forecasting is the: Answer Selected Answer: leading indicator Correct Answer: leading indicator Question 20 5 out of 5 points Which of the following barometric indicators would be the most helpful for forecasting future sales for an industry? Answer Selected Answer: leading economic indicators. Correct Answer: leading economic indicators. Question 21 5 out of 5 points An appreciation of the U.S. dollar has what impact on Harley-Davidson (HD), a U.S. manufacturer of motorcycles? Answer Selected Answer: domestic sales of HD motorcycles decrease and foreign sales of HD

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