Exam 3: Extent How Much Decisions

Farmer John can produce as much corn as he wants at the going price of $48 per bushel.At his current production level,the marginal cost is $18.What should the company do?

(Multiple Choice)

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Question 21

What is the Customer Acquisition Cost?

(Multiple Choice)

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Question 22

Use the following to answer question -If the firm produces 5 units,average fixed costs equals

(Multiple Choice)

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Question 23

Group disaster Mary,Jane,Janet and Samantha chose each other for a group project since they knew that they were all high achievers.Once the project rolled around however,their group actually did more poorly than the group where all the members knew that others were slackers.How did that happen?

(Essay)

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Question 24

If a firm produces 10 units,TC=$100.When the firm increase its output to 15 units,TC= $150.The firm's variable costs equal to

(Multiple Choice)

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Question 25

Use the following to answer question -If the firms hires 5 workers and produces 5 units,the average variable costs equals

(Multiple Choice)

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Question 26

With fixed costs of $200,a firm has average total costs of $5 and average variable costs of $3.Its output is:

(Multiple Choice)

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Question 27

Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.Which of the following are true?

(Multiple Choice)

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Question 28

Use the following to answer question -If the firm hires 5 workers,total fixed costs equals

(Multiple Choice)

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Question 29

Use the following to answer question -If hiring the 4th worker increases total product by 50 units and the price of each unit is $15,

(Multiple Choice)

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Question 30

You own a tract of trees and are deciding whether to harvest them now or next year.If you harvest them now,you can invest the proceeds and get a return of 5% on your investment.What should you do?

(Multiple Choice)

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Question 31

Managers undertake an investment only if

(Multiple Choice)

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Question 32

Use the following table to answer question -What is the average cost per unit for producing 3 units?

(Multiple Choice)

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Question 33

Which of the following is FALSE?

(Multiple Choice)

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Question 34

Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.Which of the following are true?

(Multiple Choice)

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(35)

Question 35

If a firm produces 10 units,TC=$100.When the firm increase its output to 15 units,TC= $150.The firm's AVC equal to

(Multiple Choice)

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Question 36

Comfy Clothing is thinking of hiring Tom.If hired,he can increase total production by 100 units a week.He would cost the firm $1,500 a week in wages.If the price of each unit is $20,

(Multiple Choice)

4.9/5

(51)

Question 37

Harvey's Hardware is thinking about starting a line of lawnmowers to serve its customer base in the summer.The lawnmowers would be priced at $100 and Harvey the manager believes that they would sell 3 units.They have the following estimated costs.Use this information for question -What is the marginal revenue from selling the third unit?

(Multiple Choice)

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Question 38

Use the following table to answer question -What is the marginal revenue from producing the fourth unit?

(Multiple Choice)

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Question 39

At the current level of production,if the firm's MR>MC,then the firm should

(Multiple Choice)

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Question 40

Showing 21 - 40 of 76

Farmer John can produce as much corn as he wants at the going price of $48 per bushel.At his current production level,the marginal cost is $18.What should the company do?

What is the Customer Acquisition Cost?

Use the following to answer question -If the firm produces 5 units,average fixed costs equals

Group disaster Mary,Jane,Janet and Samantha chose each other for a group project since they knew that they were all high achievers.Once the project rolled around however,their group actually did more poorly than the group where all the members knew that others were slackers.How did that happen?

If a firm produces 10 units,TC=$100.When the firm increase its output to 15 units,TC= $150.The firm's variable costs equal to

Use the following to answer question -If the firms hires 5 workers and produces 5 units,the average variable costs equals

With fixed costs of $200,a firm has average total costs of $5 and average variable costs of $3.Its output is:

Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.Which of the following are true?

Use the following to answer question -If the firm hires 5 workers,total fixed costs equals

Use the following to answer question -If hiring the 4th worker increases total product by 50 units and the price of each unit is $15,

You own a tract of trees and are deciding whether to harvest them now or next year.If you harvest them now,you can invest the proceeds and get a return of 5% on your investment.What should you do?

Managers undertake an investment only if

Use the following table to answer question -What is the average cost per unit for producing 3 units?

Which of the following is FALSE?

Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.Which of the following are true?

If a firm produces 10 units,TC=$100.When the firm increase its output to 15 units,TC= $150.The firm's AVC equal to

Comfy Clothing is thinking of hiring Tom.If hired,he can increase total production by 100 units a week.He would cost the firm $1,500 a week in wages.If the price of each unit is $20,

Use the following table to answer question -What is the marginal revenue from producing the fourth unit?

At the current level of production,if the firm's MR>MC,then the firm should

The One Lessor of Business

Benefits, Costs, and Decisions

Investment Decisions: Look Ahead and Reason Back

Simple Pricing

Economies of Scale and Scope

Understanding Markets and Industry Changes

Market Structure and Long Run Equilibrium

Strategy: the Quest to Keep Profit From Eroding

Foreign Exchange, Trade, and Bubbles

More Realistic and Complex Pricing

Direct Price Discrimination

Strategic Games

Bargaining

Making Decisions With Uncertainty

Auctions

The Problem of Adverse Selection

The Problem of Moral Hazard

Getting Employees to Work in the Firms Best Interest

Getting Divisions to Work in the Firms Best Interest

Managing Vertical Relationships

Filters

Exam 3: Extent How Much Decisions

​Farmer John can produce as much corn as he wants at the going price of $48 per bushel.At his current production level,the marginal cost is $18.What should the company do?

What is the Customer Acquisition Cost?​

Use the following to answer question -​If the firm produces 5 units,average fixed costs equals

​Group disaster Mary,Jane,Janet and Samantha chose each other for a group project since they knew that they were all high achievers.Once the project rolled around however,their group actually did more poorly than the group where all the members knew that others were slackers.How did that happen?

​If a firm produces 10 units,TC=$100.When the firm increase its output to 15 units,TC= $150.The firm's variable costs equal to

Use the following to answer question -If the firms hires 5 workers and produces 5 units,the average variable costs equals​

​With fixed costs of $200,a firm has average total costs of $5 and average variable costs of $3.Its output is:

​Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.Which of the following are true?

Use the following to answer question -​If the firm hires 5 workers,total fixed costs equals

Use the following to answer question -If hiring the 4th worker increases total product by 50 units and the price of each unit is $15,​

You own a tract of trees and are deciding whether to harvest them now or next year.If you harvest them now,you can invest the proceeds and get a return of 5% on your investment.What should you do?​

​Managers undertake an investment only if

Use the following table to answer question -​What is the average cost per unit for producing 3 units?

​Which of the following is FALSE?

Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.Which of the following are true?​

​If a firm produces 10 units,TC=$100.When the firm increase its output to 15 units,TC= $150.The firm's AVC equal to

Comfy Clothing is thinking of hiring Tom.If hired,he can increase total production by 100 units a week.He would cost the firm $1,500 a week in wages.If the price of each unit is $20,

Use the following table to answer question -​What is the marginal revenue from producing the fourth unit?

At the current level of production,if the firm's MR>MC,then the firm should​

The One Lessor of Business

Benefits, Costs, and Decisions

Investment Decisions: Look Ahead and Reason Back

Simple Pricing

Economies of Scale and Scope

Understanding Markets and Industry Changes

Market Structure and Long Run Equilibrium

Strategy: the Quest to Keep Profit From Eroding

Foreign Exchange, Trade, and Bubbles

More Realistic and Complex Pricing

Direct Price Discrimination

Strategic Games

Bargaining

Making Decisions With Uncertainty

Auctions

The Problem of Adverse Selection

The Problem of Moral Hazard

Getting Employees to Work in the Firms Best Interest

Getting Divisions to Work in the Firms Best Interest

Managing Vertical Relationships

Filters

Farmer John can produce as much corn as he wants at the going price of $48 per bushel.At his current production level,the marginal cost is $18.What should the company do?

What is the Customer Acquisition Cost?

Use the following to answer question -If the firm produces 5 units,average fixed costs equals

Group disaster Mary,Jane,Janet and Samantha chose each other for a group project since they knew that they were all high achievers.Once the project rolled around however,their group actually did more poorly than the group where all the members knew that others were slackers.How did that happen?

If a firm produces 10 units,TC=$100.When the firm increase its output to 15 units,TC= $150.The firm's variable costs equal to

Use the following to answer question -If the firms hires 5 workers and produces 5 units,the average variable costs equals

With fixed costs of $200,a firm has average total costs of $5 and average variable costs of $3.Its output is:

Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.Which of the following are true?

Use the following to answer question -If the firm hires 5 workers,total fixed costs equals

Use the following to answer question -If hiring the 4th worker increases total product by 50 units and the price of each unit is $15,

You own a tract of trees and are deciding whether to harvest them now or next year.If you harvest them now,you can invest the proceeds and get a return of 5% on your investment.What should you do?

Managers undertake an investment only if

Use the following table to answer question -What is the average cost per unit for producing 3 units?

Which of the following is FALSE?

Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units.Which of the following are true?

If a firm produces 10 units,TC=$100.When the firm increase its output to 15 units,TC= $150.The firm's AVC equal to

Use the following table to answer question -What is the marginal revenue from producing the fourth unit?

At the current level of production,if the firm's MR>MC,then the firm should