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Stichworte: Economic profit formula
Which of the following occurs if a company reduces its variable cost per unit
Which of the following must occur to sustain economic growth in the long run?
Comparing the cournot equilibrium to a monopolists profit-maximizing choices,
Inward shifts in the production possibilities curve represents economic growth
When you copy a formula that contains an absolute reference to a new location?
If firms in a monopolistically competitive market are earning economic profits
Which one is an example of economic force that may influence the organization?
Which of the following is the formula for the government purchases multiplier?
At an annual interest rate of 8%, the present value of $7500 received in five years is closest to:
To maintain their economic profits, firms in monopolistic competition must continually engage in
Which of the following is a measure of economic development that allows for a direct comparison?
The markup includes desired profit and any costs not included in the base cost
The state of a market when quantity demanded is equal to the quantity supplied.
Benefits forgone (given up) by choosing one alternative over another are referred to as costs.
By the end of the 1970s, the united states was in economic decline, in part because of
Is economic growth is an increase in a nations output of goods and services over time?
An economic system in which a central authority makes the key economic decisions
Which of the following best captures the essence of the V term in the FITT-VP formula
What is defined as the process of creating a new enterprise and taking on the financial risks in the hopes of making a profit?
Some settlements specialize in different economic activities; weber called this
Which of the following types of economic activity was prominent in Austin Texas
Using the midpoint formula, calculate elasticity for the following change in demand.
Defined names are automatically substituted for existing range references in a formula.
Which line on the graph shows the growth of a population with a per capita rate of increase of 20
Responses to rising cultural and economic globalization took a variety of forms.
The multiplier (expenditure multiplier) is the ratio between which two measures?
What defines the value of the things you have to give up when making a decision?
How do you enter a formula in the selected cell to display the value of cell E3?
In societies with economic considerations at play, arranged marriages are engineered by
What is the difference between the simple and the compound interest amount at 5?
What is an activity that seeks profit by providing goods and services to others?
The amount a business makes when total revenue exceeds total expenses is called?
____ believed the best way to reverse an economic downturn was to increase government spending.
Relationship between coefficient of correlation and coefficient of determination
What is a built in formula that helps you perform complex calculations in Excel?
What authoritative organization is primarily responsible for establishing GAAP for governmental not for profit organizations?
The financial reporting for private not-for-profit entities primarily focuses on:
True or false? basic economic principles apply in the valuation of real property only.
Which economic principle says that value is created and maintained when the characteristics of a property fit in with its surroundings quizlet?
The majority of all new product development projects result in an economic return.
Refer to the above diagram. this firm will earn only a normal profit if product price is:
What happens in the long run equilibrium profit for a perfectly competitive firm?
Which statement is not true about the gross profit method of inventory valuation?
If $5000 is put into a savings account that pays 3.5% interest compounded monthly
The ___ views deviance and crime as a function of the capitalist economic system.
Under what circumstances is the definitional formula easy to use? check all that apply.
During the 1950s which of the following functioned as economic engines of the U.S. economy
The economic resources measurement focus and accrual basis of accounting would be most appropriate
Economic rule stating that price and quantity supplied move in the same direction
Using the graph below determine the profit-maximizing output (q) for a monopolist.
The negative effect of a tax on the economic surplus of participants in a market should
The social and economic changes referred to in hakluyt’s excerpt most directly led to
C. if the variable cost per unit decreased, would the new break-even point be higher or lower?
What are the differences between variable and absorption costing income statement?
Which of the following financial statements shows the dividends distributed to stockholders
When a market price is set below the market equilibrium price a exists which will?
A customer with a net debit spread in an option position would realize a profit if
Which of the following is not an assumption underlying cost-volume-profit analysis?
Are expenses that change directly and proportionally to the changes in business activity level or volume?
To protect their own economic interests, white planters in hawaii did what in 1893?
Which choice defines the value of the things you have to give up when making a decision?
How does sample size affect mean standard deviation and standard error of the mean?
What is the difference between gross profit and net profit on the income statement for a merchandising business?
In what ways were the lives of Americans affected by the economic boom of the 1920s?
How will you find the interval estimate of the population mean if the population standard deviation is known?
Is an accounting term that refers to comparing one line item over multiple periods?
Which of the following statements describes a key difference between formula and function?
Which of the following is not an underlying assumption of cost volume profit analysis?
The slope of the linear regression line can be calculated using any two points in the data
All firms maximize profits by producing the quantity of output at which the marginal
What accounts for the rising prominence of Atlantic European societies in global economic history after 1500?
How do you find the sample standard deviation from the population standard deviation?
To calculate the inventory to be purchased in a merchandise purchases budget, the formula is
Which of the following is an accurate comparison of conservative and liberal views concerning economic policy?
In the long run, economic theory predicts that a monopolistically competitive firm will
In which type of responsibility center is the manager held accountable for its profit?
The gross profit percentage is one of the most carefully watched measures of ________.
In evaluating the profit center manager, the income from operations should be compared
Which of the following types of firms are guaranteed to make positive economic profit?
The cost of a camera is 88% of its selling price find the approximate profit percentage
If you wish to compute economic earnings and are trying to decide how to account for inventory
Which is more important philanthropic responsibilities or economic responsibilities Why?
Describe the relationship if any between x and y weak strong negative positive linear nonlinear
What do you call to the type of annuity which payments begin at the end at definite times?
What is a type of annuity where the payment interval is the same as the interest period?
Which of the following refers to the extent to which data points differ from each other?
Which sectors were the leading cause of economic growth in the 1920s or New Era quizlet?
Which of the following factors led Chinas economic expansion in the fifteenth and sixteenth centuries?
In what ways has economic globalization linked the worlds peoples more closely together?
Which of the following factors do not drive economic development in different countries?
What is the value of a current asset at a future date based on an assumed rate of growth?
What position did President James Madison take regarding government sponsored economic development quizlet?
Which type of economic system places natural resources in the means of producing goods and services under collective ownership?
According to the economic perspective, intergroup hostility is particularly likely to occur when
Why does an increase in the price level result in a decrease in the aggregate quantity of goods and services demanded?
What is the short run economic outcome resulting from the increase in production cost known as?
What is the main advantage of interpreting the standard deviation instead of the variance?
What is the result when the quantity of materials used is less than the standard quantity?
About 20 percent of black farmers managed to make a profit from the sharecropping system by
When the value of a countrys exports exceeds that of its imports the country exhibits a N ):?
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