ECON-3030-A1/A2/B1/B2-Managerial Economics-Winter-2025
Looking for ECON-3030-A1/A2/B1/B2-Managerial Economics-Winter-2025 test answers and solutions? Browse our comprehensive collection of verified answers for ECON-3030-A1/A2/B1/B2-Managerial Economics-Winter-2025 at moodle.uleth.ca.
Get instant access to accurate answers and detailed explanations for your course questions. Our community-driven platform helps students succeed!
In a market with 1000 identical firms, what is the short-run market supply?
0%
0%
0%
100%
0%
View this question
Firms that employ exceptionally productive resources
67%
0%
0%
0%
33%
View this question
Which of the following expressions calculates the profit of a profit-maximizing firm?
✅
❌
❌
❌
❌
View this question
Suppose that capital costs $50 per unit and labour costs $20 per unit. If the marginal product of capital is 100 and the marginal product of labour is 30, a cost-minimizing firm should
❌
❌
✅
❌
❌
View this question
Assume a firm is using 10 units of labour and 10 units of capital and is producing 10 units of output per hour. Now both inputs are doubled, resulting in output rising to 18 units per hour. The firm is experiencing
❌
❌
✅
❌
❌
View this question
If a firm is producing the level of output at which short–run average cost equals long–run average cost, then
❌
0%
0%
0%
0%
View this question
Suppose that a firm is using 100 units of labour and 50 units of capital to produce 200 fax machines per day. The price of labour is $10 per unit and the price of capital is $5 per unit. The MPL equals 2 and the MPK equals 5. In this situation,
❌
0%
0%
0%
0%
View this question
Suppose that when a firm increases its usage of all inputs by 100%, output increases by 100%. The firm's production function exhibits
✅
❌
❌
❌
❌
View this question
Economies of scale exist whenever long-run average costs
❌
✅
❌
❌
❌
View this question
A firm is using a single variable input, labour, with a given amount of a fixed input, capital. If the level of capital is decreased,
❌
❌
❌
❌
✅
View this question
Want instant access to all verified answers on moodle.uleth.ca?
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!