Essay about Eco 550 (Managerial Economics) Week 1 – 11 Quiz Test

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ECO 550 (Managerial Economics) Week 1 – 11 Quiz Test

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ECO 550 Managerial Economics Strayer University Complete Quiz Bank Week 1 – 11 Latest Solution

Chapter 1 Quiz: Introduction and Goals of the Firm

1.The form of economics most relevant to managerial decision-making within the firm is:

2.If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business
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These include:

13.the common factors that give rise to all principal-agent problems include the

14.The Saturn Corporation (once a division of GM) was permanently closed in 2009. What went wrong with Saturn?

15.A Real Option Value is:

16.Which of the following will increase (V0), the shareholder wealth maximization model of the firm:

V0∙(shares outstanding) = t=1 ( t ) / (1+ke)t + Real Option Value.

17.The primary objective of a for-profit firm is to ___________.

18.Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT:

19.The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?

20.To reduce Agency Problems, executive compensation should be designed to:

21.Recently, the American Medical Association changed its recommendations on the frequency of pap-smear exams for women. The new frequency recommendation was designed to address the family histories of the patients. The optimal frequency should be where the marginal benefit of an additional pap-test:

Chapter 2 Quiz:Fundamental Economic Concepts

1.A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____.

2.The level of an economic activity should be increased to the point where the ____ is

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