ECO 550 ECO550 Midterm Part 1 (NEW 2016) Answers (Strayer)
ECO 550 Midterm part 1 (NEW 2016 STRAYER)
- Economic profit is defined as the difference between revenue and ____.
- In the shareholder wealth maximization model, the value of a firm's stock is equal to the present value of all expected future ____ discounted at the stockholders' required rate of return.
- The Saturn Corporation (once a division of GM) was permanently closed in 2009. What went wrong with Saturn?
- 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?
- A Real Option Value is:
- The form of economics most relevant to managerial decision-making within the firm is:
- An closest example of a risk-free security is
- The approximate probability of a value occurring that is greater than one standard deviation from the mean is approximately (assuming a normal distribution)
- The level of an economic activity should be increased to the point where the ____ is zero.
- Generally, investors expect that projects with high expected net present values also will be projects with
- The ____ is the ratio of ____ to the ____.
- The primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are:
- Iron ore is an example of a:
- An income elasticity (Ey) of 2.0 indicates that for a ____ increase in income, ____ will increase by ____.
- Those goods having a calculated income elasticity that is negative are called:
- When demand is ____ a percentage change in ____ is exactly offset by the same percentage change in ____ demanded, the net result being a constant total consumer expenditure.
- The factor(s) which cause(s) a movement along the demand curve include(s):
- Marginal revenue (MR) is ____ when total revenue is maximized.
- A price elasticity (ED) of −1.50 indicates that for a ____ increase in price, quantity demanded will ____ by ____.
- The standard deviation of the error terms in an estimated regression equation is known as:
- The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:
- All of the following are reasons why an association relationship may not imply a causal relationship except:
- Demand functions in the multiplicative form are most common for all of the following reasons except:
- In which of the following econometric problems do we find Durbin-Watson statistic being far away from 2.0?
- The method which can give some information in estimating demand of a product that hasn’t yet come to market is
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