Reference no: EM131217858
Test practice questions
1) You are an investment analyst. The retail market that you have been investing in, tobacco, has been hit by an increase in sales taxes that are levied on tobacco sellers. Assume that the price elasticity of demand for tobacco is close to zero, while the supply elasticity is very high.
Using a diagram, explain whether you would be prepared to continue investing in the tobacco market, if market revenue is your main consideration.
2) Assume that the following situations can be described using demand and supply curves. Please state whether the following statements are TRUE or FALSE, and provide a brief explanation (with a diagram for each (a) and (b)):
a) "Recently, sales of Manuka honey have risen. This implies that the supply curve of Manuka honey must have shifted to the right, maybe because more suppliers have entered the market."
b) "Technological advances make the manufacturing of mobile phones much cheaper for manufacturers. Incomes are rising slightly, and mobile phones are a necessity good. From this information we conclude that the price of mobile phones must go up".
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Has your passage come through an editorial process
: Does the redaction section contrast the assigned passage with Mark's version (except for infancy narrative and Lord's Prayer)? Does the key word section include more than one key word?
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Monetary supply half as much make trade half as easy
: Would having monitor supply twice as large as it usually is make trade twice as easy? Would having monetary supply half as much make trade half as easy? Explain
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What is the total fixed cost for this monopoly
: Consider a single monopoly that faces a market demand curve for a good is given by the equation P=100-.1Q and the total cost function is given as TC=1000+20Q-.4Q(^)(2). What is the total fixed cost for this monopoly?
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Achieve the full employment level of output
: Discuss the economic conditions of Australian economy associated with the business cycle over the last decade of 2005 and 2015 and discuss the policy initiative for the economy to achieve the full employment level of output. needed within 2-2:30 m..
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Test practice questions
: 1) You are an investment analyst. The retail market that you have been investing in, tobacco, has been hit by an increase in sales taxes that are levied on tobacco sellers. Assume that the price elasticity of demand for tobacco is close to zero, w..
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Identify of the companys expenses
: Identify each of the company's expenses (including cost of goods sold) as either variable, fixed, or mixed - Using the high-low method, separate each mixed expense into variable and fixed elements.
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What is your biggest takeaway from the course
: How will you use the knowledge from this course in your line of work? (I drive a school bus)
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What three key writers most influenced that change
: How have your thoughts on cultural diversity and minority changed since the beginning of this course and what three key writers most influenced that change? Consider the terms we have discussed: cross-culture, diversity, mestiza consciousness, bor..
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Prepare a research paper describing the manage conflict
: Required to generate a research paper describing the assigned topic, the paper must be at least 5 pages in length, and must use APA style. must use at least 5 scholarly references in total. and one of reference sjpi;d be the class text.
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