MANAGERIAL ECONOMICS EXAM | DOWNLOAD FOR QUALITY SCORES

Document Content and Description Below

If firms are exiting a market then A. economic profits must be zero B. economic profits must be greater than zero C. both economic and accounting profits must be greater than zero. D. econ... omic profits must be less than zero Answer Key: D Question 2 of 100 1.0/ 1.0 Points Managers and entrepreneurs are A. always stockho lders. B. the same. C. differen t. D. assume risk. Answer Key: C Question 3 of 100 0.0/ 1.0 Points Gergen and Vanourek believe that an internal barrier to entrepreneurship is: A. Focusing on winning at all costs B. All of the other choices C. Thinking we have all the answers D. Believing that the world revolves around us Answer Key: B Question 4 of 100 1.0/ 1.0 Points For which pairs of goods is the cross-price elasticity most likely to be positive? A. bicycle frames and bicycle tires B. pens and pencils C. peanut butter and jelly D. colleg [Show More]

Last updated: 1 year ago

Preview 1 out of 51 pages