Other Economics Answers

The marginal cost function of a firm is 2 + 3e^x Find the

total and average cost functions if the fixed cost is Rs. 500.

Which of the following entities stores information that is an organization's intellectual property?

A. Neither Bill of Materials nor Job Operations List

B. Job Operations List

C. Bill of Materials

D. Both Bill of Materials and Job Operations List

Which of the following statements are true?

A. If a company sells digital assets, its revenue cycle still contains an inventory entity.

B. Intangible services (e.g., internet access fees) would be represented as a source entity. C. Information about assets that are rented would be stored in a resource entity.

D. All of these are correct.

If an insurance company needed to collect and maintain detailed information about each of a customer’s dependents, it could do so by

A. establishing a 1:1 relationship between the Dependents and the Customer entity.

B. establishing a 1:0 relationship between the Dependents and the Customer entity.

C. establishing a 1:N relationship between the Dependents and the Customer entity.

D. establishing a M:N relationship between the Dependents and the Customer entity.

In the market for tourist e-book guides, the aggregate demand and aggregate supply are given by the equations:

Qd= 2000 – 400P + 0.5I +150Pb

Qs= -516 + 300P – 60W

where Qd and Qs is quantity of tourist e-book guides demanded and supplied, Pis the price of a tourist e-book guide, I is household income, W is wage rate paid to tourist book guide laborers, and Pb is the price of a hardbound tourist bookguide. Assume I is Php 2,300, W is Php10, and Pb is Php 21.40. Determine the equilibrium price and quantity of tourist e-book guides in this local market. Show your solution.

Which of the following are used to store information that represents a company’s intellectual property? (Check all that apply.)

A. Work in process

B. Job operations list

C. Machine operations list

D. Bill of materials

Which of the following are used to store information that represents a company’s intellectual property? (Check all that apply.)

A. Work in process

B. Job operations list

C. Machine operations list

D. Bill of materials

Where would an REA diagram for the production cycle store information about the actual quantity of raw material 33222 that was used to make product 444?

A. In the work in process table

B. In the bill of materials table

C. In the machine operations table

D. In the issue raw materials table

Where would an REA diagram for the production cycle store information for the standard time to make a product? (Check all that apply.)

A. In the machine operations list table

B. In the work in process table

C. In the bill of materials table

D. In the job operations list table

Where would an REA diagram for the production cycle depict the list of ingredients for making a product?

A. In the bill of materials table

B. In the raw materials table

C. In the work in process table

D. In the finished goods table

1. What is Government?

2. Who is Government?

3. What is the economic role of government?

4. Positive and Normative economics?

5. Pareto Effieciency?

6. Market Failure?

7. Equity and Efficiency?