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Quiz 1 for Mg 640

In: Business and Management

Submitted By anildu
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Do not reply to this email. The sender's email address is listed below as Student eMail Address.

Author Name: Baye
Site Name: Managerial Economics & Business Strategy
Chapter: Chapter 1
Quiz: Multiple Choice Quiz

Student Name: ANIL DURGEN
Student eMail Address: anildurgen@gmail.com
Section ID: Results Reporter | | Out of 15 questions, you answered 14 correctly with a final grade of 93% | | | | | | 14 correct (93%) | | | | 1 incorrect (7%) | | | | 0 unanswered (0%) | | |

Your Results: | The correct answer for each question is indicated by a . |
-------------------------------------------------
Formun Üstü | | 1 CORRECT | |
If you put $2,200 in a savings account at an interest rate of 6.5%, how much money will you have in one year? | | | A) | $143. | | | B) | $2,066. | | | C) | $2,209. | | | D) | $2343. | | | | | | | | | | | | | 2 CORRECT | |
Which of the following increases the potential for sustainable long-run industry profits? | | | A) | Entry. | | | B) | The availability of multiple substitutes. | | | C) | Absence of complements. | | | D) | None of the above. | | | | | | | | | | | | | 3 INCORRECT | |
Opportunity cost differs from accounting costs because of | | | A) | Implicit costs. | | | B) | Accounting profits. | | | C) | Economic profits. | | | D) | Explicit costs. | | | | | | | | | | | | | 4 CORRECT | |
Which of the following statements is most likely true regarding economic and accounting profits? | | | A) | Economic profits minus accounting profits generally equal zero. | | | B) | Economic profits plus accounting profits generally equal zero. | | | C) | Economic profits are generally less than accounting profits. | | | D) | Economic profits are generally…...

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