Mangerial Economics Chapter 1

Chapter 01 The Fundamentals of Managerial frugals   Multiple Choice Questions  1. The higher(prenominal) the involvement array:  A. the great the register value of a early amount. B. the smaller the present value of a hereafter amount. C. the greater the level of inflation. D. none of the statements associated with this question argon correct. 2. If the pertain rate is 10% and cash flows argon $1,000 at the shutdown of year one and $2,000 at the end of year two, whence the present value of these cash flows is  A. $2,562. B. $3,200. C. $439. D. $3,000. 3. Accounting profits ar:  A.  entireness taxation deduction issue forth appeal. B.  sum occur approach negative total revenue. C. marginal revenue minus total cost. D. total revenue minus marginal cost. 4. Economic profits argon:  A. total revenue minus total cost. B. marginal revenue minus marginal cost. C. total revenue minus total opportunity cost. D. t otal profits of the sparing as a whole. 5. Which of the following is an implicit cost to a firm that produces a steady- issue or service?  A.  grasp costs. B. costs of operating(a) production machinery. C. foregone profits of producing a contrastive good or service. D. costs of renting or purchasing add for a production site. 6. Which of the following is an implicit cost of going to college?  A. tuition. B. cost of books and supplies. C. room and board. D.

 foregone wages.   7. Which of the following signals to the owners of strange resources are the best uses of those resources?  A. profits of businesses. B. government! regulations. C.  scotch indicators. D. the account statement cost of those resources.   8. The primary inducement for new firms to enter an diligence is:  A.  change magnitude technology. B. availability of labor. C. low capital costs. D.  armorial bearing of economic profits.   9. As more firms enter an industry  A.  account statement profits increase. B. economic profits decrease. C. prices rise. D. none of the statements associated with this question are correct.  ...If you want to unsex a full essay, order it on our website: BestEssayCheap.com

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