Perfectly competitive Study guides, Class notes & Summaries
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WGU C211 OA Global Economics Exam (2023) (Verified Answers)
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Which political view of foreign direct investment (FDI) is most widely used by 
governments in the current international business environment? - Correct answerProtectionism 
Which factors predict the degree of rivalry between a pair of competitors? 2 choices - 
Correct answer-Market commonality and Cost structure 
Which factors predicts how local firms in emerging economics will respond to 
multinational competitors? Competitive assets and industry pressures to globalize - 
Correct answer-Market...
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AQA AS ECONOMICS 7135/1 Paper 1 The Operation of Markets and Market Failure Question Paper + Mark scheme [MERGED] June 2022 *jun227135101* IB/M/Jun22/E6 7135/1 For Examiner’s Use Section Mark A B TOTAL Time allowed: 1 hour 30 minutes
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AQA 
AS 
ECONOMICS 
7135/1 
Paper 1 The Operation of Markets and Market Failure 
Question Paper + Mark scheme [MERGED] 
June 2022 
*jun* 
IB/M/Jun22/E6 7135/1 
For Examiner’s Use 
Section Mark 
A 
B 
TOTAL 
Time allowed: 1 hour 30 minutes 
Materials 
For this paper you must have: 
• the Insert 
• a calculator. 
Instructions 
• Use black ink or black ball-point pen. Pencil should only be used for drawing. 
• Fill in the boxes at the top of this page. 
• Answer all questions in Secti...
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ECS2601 Assignment 4 (QUIZ) Semester 1 2023
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ECS2601 Assignment 4 (QUIZ) Semester 1 % TRUSTED workings, explanations and solutions. Whatsapp 067 171 1739 for assistance. ............................................................... In the short run, a perfectly competitive firm earning positive profit is … 
a. 
at the minimum of its ATC. 
b. 
on the upward sloping portion of its ATC. 
c. 
on the downward sloping portion of its ATC. 
d. 
above its ATC. 
If current output is less than the profit-maximising output, then the next unit prod...
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Wk 5 - Apply Summative Assessment The Microeconomics of Resource Markets
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Wk 5 - Apply Summative Assessment The Microeconomics of Resource Markets 
1. 
Stephanie produces earrings. She sells each pair of earrings for $6. The table below shows how 
many pairs of earrings can be produced, depending on the number of workers Stephanie hires. 
Fill in the “Total Revenue” and “Marginal Revenue Product” columns using the information given. 
Assume this is a perfectly competitive market. 
Instructions: Enter your answers as a whole number
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C211 Second OA quizzes Exam with 100% Correct Answers 2023
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The term "emerging economies" has replaced the term _____. - Correct answerDeveloping countries 
The gross domestic product plus the income from non-resident sources abroad gives 
the ____. - Correct answer-gross national product 
More than 25% of global GDP comes from _____. - Correct answer-BRICS countries 
Viewing the global economy as a pyramid, the Triad refers to _____. - Correct answerNorth America, Western Europe, and Japan 
People who earn _____ a year comprise the base of the global ...
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ECON 528 / ECON528 Midterm Exam. Questions And Answers (100% Correct) A+ Graded
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ECON528-850-ECON528-010- 
 
 
Started on	Sunday, 23 September 2018, 8:02 PM 
State	Finished 
Completed on	Sunday, 23 September 2018, 8:37 PM 
Time taken	34 mins 51 secs 
Marks	20.00/20.00 
Grade	10.00 out of 10.00 (100%) 
 
 
Question 1 
Correct 
 
Mark 1.00 out of 1.00 
 
Managerial economics Select one: 
a.	helps managers make decisions in the face of scarcity. 
b.	ensures managers always make good decisions. 
c.	describes how pay for managers is set. 
d.	explains which products consumers will...
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MHA 710 Exam 1 Questions and Answers 100% Pass
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MHA 710 Exam 1 Questions and Answers 100% Pass 
What is "economics"? - Correct Answer ️️ -A Map for decision making. Economics 
analyzes the allocation of scarce resources. 
What are some of the specific challenges faced by managers in healthcare? - Correct 
Answer ️️ -1. The central roles of risk and uncertainty 
2. The complexities created by insurance 
3. The perils produced by information asymmetries 
4. The problems posed by not-for-profit organizations 
5. The rapid and confusing...
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WGU C483 (Principles of Management) Final Exam Questions and Answers Latest 2023/2024 | 100% Verified
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Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of 
activity and then to allocate costs across particular business processes according to the mount of 
time employees devote to particular activities 
Adapters Ans: Companies that take the current industry structure and its evolution as givens, 
and choose where to compete. 
Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately 
negative effect on a protected group. 
Ad...
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WGU C211 Global Economics for Managers Test Bank |300+ Questions and Verified Answers| 100% Correct (Latest 2023/ 2024)
- Exam (elaborations) • 58 pages • 2023
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WGU C211 Global Economics for Managers Test Bank |300+ Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) 
 
Q: Economic profit is distinct from accounting profit because: 
 
 
Answer: 
 Economic profit incorporates both explicit and implicit costs. 
 
 
Q: Total costs include: 
 
 
Answer: 
 Variable costs plus fixed costs. 
 
 
Q: Marginal costs consider: 
 
 
Answer: 
 The increase in total cost arising from an extra unit of production. 
 
 
Q: What response...
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WGU C211 Pre- Assessment Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Graded A
- Exam (elaborations) • 20 pages • 2023
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WGU C211 Pre- Assessment Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Graded A 
 
Q: A farmer sells wheat in a perfectly competitive market. Which action should the farmer take to maximize profits? 
 
 
Answer: 
Produce the quantity where the price equals the farmer's marginal cost 
 
 
 
Q: What is the economic profit of a competitive firm? 
 
 
Answer: 
The difference between total revenue and total cost 
 
 
 
Q: Which condition applie...