Modeling for Business — Test Answers

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61
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What is the total amount of fixed expenses for the bakery?

A
5 dollars comma 000
B
5 dollars comma 150
C
4 dollars comma 750
D
4 dollars comma 650
62
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If the government sets a price ceiling of $3 in the laptop market after the demand has shifted left due to the rising popularity of tablets, what is the likely impact on the laptop market?

A
There will be no effect on the market
B
There will be a laptop surplus.
C
There will be a laptop shortage.
D
The laptop supply will increase to meet demand.
63

Which research question would help in understanding the impact of marketing campaigns on the consumer ratings of the wearable fitness tracker?

A
How much does the company spend on each marketing campaign?
B
What is the impact of marketing campaigns on the average consumer ratings of the company's wearable fitness tracker?
C
What marketing channels does the company use to promote its wearable fitness tracker?
D
How many marketing campaigns has the company launched this year?
64

What is the total amount of fixed expenses for the bakery?

A
5 dollars comma 150
B
4 dollars comma 650
C
5 dollars comma 000
D
4 dollars comma 750
65

What are the break-even points?

A
(5, 225) and (40, 400)
B
(0, 0) and (40, 400)
C
(0, 0) and (25, 625)
D
(5, 225) and (25, 625)
66

What are the break-even points?

A
(5, 225) and (40, 400)
B
(0, 0) and (25, 625)
C
(0, 0) and (40, 400)
D
(5, 225) and (25, 625)
67

How does the increase in production capacity (shift in supply) affect the equilibrium quantity?

A
The equilibrium quantity remains unchanged.
B
The equilibrium quantity decreases.
C
The equilibrium quantity fluctuates unpredictably.
D
The equilibrium quantity increases.
68

How does the increase in production capacity (shift in supply) affect the equilibrium quantity?

A
The equilibrium quantity decreases.
B
The equilibrium quantity increases.
C
The equilibrium quantity fluctuates unpredictably.
D
The equilibrium quantity remains unchanged.
69

If the government sets a price ceiling of $⁢2 , what is the likely outcome in the smartphone market?

A
smartphone surplus
B
market equilibrium
C
no effect on the market
D
smartphone shortage
70

If the government sets a price ceiling of $⁢2 , what is the likely outcome in the smartphone market?

A
no effect on the market
B
smartphone shortage
C
smartphone surplus
D
market equilibrium
71

How many units must the store sell to break even?

A
0 or 6 comma 000 units
B
2 comma 000 or 4 comma 000 units
C
0 or 4 comma 000 units
D
2 comma 000 or 6 comma 000 units

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