How much profit does the company make from producing and selling four soccer nets?
0%
Point Y
0%
4
0%
$2.00
0%
109
Q.2.
Which statement correctly compares the two businesses?
0%
In case will require less costly investment in labor, while Wrap up will require less capital in the long term
0%
NOT Marginal cost is the money a producer earns from selling one more unit, while marginal revenue is the money a producer pays for making one more unit
0%
NOT the 3rd or 4th pair of cleats
0%
NOT The opportunity cost of producing one soccer net is eight soccer balls
Q.3.
Stan's Sporting Goods is a competitor that can manufacture seven soccer balls out of a possible ten, if it makes one soccer net. Which statement correctly compares the two businesses?
0%
NOT Marginal cost is the money a producer earns from selling one more unit, while marginal revenue is the money a producer pays for making one more unit
0%
Sabrina's Soccer has a comparative advantage over Stan's Sporting Goods because Sabrina's Soccer has a lower opportunity cost.
0%
In case will require less costly investment in labor, while Wrap up will require less capital in the long term
0%
NOT 1,3,4
Q.4.
Which statement correctly explains the chart?
0%
NOT the 3rd or 4th pair of cleats
0%
NOT The opportunity cost of producing one soccer net is eight soccer balls
0%
NOT Marginal cost is the money a producer earns from selling one more unit, while marginal revenue is the money a producer pays for making one more unit
0%
In case will require less costly investment in labor, while Wrap up will require less capital in the long term
Q.5.
Anytown households that earn more than $75,000 tend to buy sports equipment, while households that earn less than $75,000 tend to buy TVs. Which new business would be most likely to succeed?
0%
an electric store
0%
NOT 1,3,4
0%
It will help to satisfy the demand
0%
Points C & D
Q.6.
Standards of living is the level at which
0%
NOT the 3rd or 4th pair of cleats
0%
assess demand to choose a business.
0%
1,3,6 Not Good combination2,4,51,4,6
0%
consumers enjoy desired goods
Q.7.
Based on the survey data, what will occur if a new pizza place opens?
0%
NOT Marginal cost is the money a producer earns from selling one more unit, while marginal revenue is the money a producer pays for making one more unit
0%
It will help to satisfy the demand
0%
assess demand to choose a business.
0%
NOT the 3rd or 4th pair of cleats
Q.8.
What is the marginal cost of producing a 5th soccer net?
0%
NOT Marginal cost is the money a producer earns from selling one more unit, while marginal revenue is the money a producer pays for making one more unit
0%
Not Absolute advantage is the ability to sell a good or a service at a higher price than competitors. Comparative advantage is the ability to sell a good or service at a lower price than competitors.
0%
$2.00
0%
supply
Q.9.
If Sabrina's Soccer makes 3 nets, how many balls can the company produce?
0%
NOT 1,3,4
0%
109
0%
It will help to satisfy the demand
0%
4
Q.10.
Market saturation results from excess_______
0%
consumers enjoy desired goods
0%
Point Y
0%
$2.00
0%
supply
Q.11.
If the market for soccer balls is saturated and the market for soccer nets is open, which combination makes the most sense for Sabrina's Soccer?
0%
NOT D
0%
NOT 1,3,4
0%
Points C & D
0%
Point Y
Q.12.
A survey of hobbies and purchases can help a producer?
0%
consumers enjoy desired goods
0%
NOT the 3rd or 4th pair of cleats
0%
It will help to satisfy the demand
0%
assess demand to choose a business.
Q.13.
What is the difference between absolute advantage and comparative advantage?
0%
It will help to satisfy the demand
0%
Not Absolute advantage is the ability to sell a good or a service at a higher price than competitors. Comparative advantage is the ability to sell a good or service at a lower price than competitors.
0%
$2.00
0%
NOT Marginal cost is the money a producer earns from selling one more unit, while marginal revenue is the money a producer pays for making one more unit
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