Case Study: Starting a Business — Cumulative exam Answers
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T
The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit earned for each pie.T
The marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, increasing the profit earned for each pie.T
The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, increasing the profit earned for each pie.T
The marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, decreasing the profit earned for each pie.22
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In which category do commodities belong?
A
long-term investment onlyB
short-term investment onlyC
either short- or long-term investmentD
neither short- nor long-term investment23
Which describes a set amount of pay received by a worker over the course of a year?
t
tuitione
expenses
salaryh
hourly wage24
The level of investment in markets often indicates
A
the stability of the government.B
the state of the economy.C
the success of individual companies.D
the stability of a currency.25
Which scenario is an example of market saturation?
A
The single coffee shop in town usually has a long line of customers and tends to stay busy during business hours.B
There are three shoe stores on one block in town, and they have trouble finding customers and making a profit.C
A second health club will open because the only health club in town is too crowded to accept new customers.D
It can be difficult to get reservations at the only upscale Ethiopian restaurant in town, and it is best to call in advance.Did you find these answers helpful?
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