Mangerial Economics Chapter 1

Chapter 01 The Fundamentals of Managerial sparings   Multiple Choice Questions  1. The higher(prenominal) the involvement array:  A. the great the register value of a early amount. B. the smaller the present value of a incoming amount. C. the greater the level of inflation. D. none of the statements associated with this question argon correct. 2. If the sideline rate is 10% and cash flows argon $1,000 at the closedown of year one and $2,000 at the end of year two, therefore the present value of these cash flows is  A. $2,562. B. $3,200. C. $439. D. $3,000. 3. Accounting profits ar:  A.  entireness tax deduction issue forth appeal. B.  summation represent negatively charged inwardness revenue. C. marginal revenue minus total cost. D. total revenue minus marginal cost. 4. Economic profits argon:  A. total revenue minus total cost. B. marginal revenue minus marginal cost. C. total revenue minus total opportun ity cost. D. total profits of the scrimping as a whole. 5. Which of the following is an implicit cost to a firm that produces a steady- issue or service?  A.  sweat costs. B. costs of operating(a) production machinery. C. foregone profits of producing a dissimilar good or service. D. costs of renting or purchase add for a production site. 6. Which of the following is an implicit cost of going to college?  A. tuition. B. cost of books and supplies. C. room and board. D.

 foregone wages.   7. Which of the following signals to the owners of unique resources are the best uses of those resourc es?  A. profits of businesses. B. gover! nment regulations. C.  scotch indicators. D. the method of score cost of those resources.   8. The primary inducement for new firms to enter an attention is:  A.  change magnitude technology. B. availability of labor. C. low capital costs. D.  armorial bearing of economic profits.   9. As more firms enter an industry  A. accounting profits increase. B. economic profits decrease. C. prices rise. D. none of the statements associated with this question are correct.  ...If you want to unsex a full essay, order it on our website: OrderCustomPaper.com

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