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Economics

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Elyse Schaden

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Cards in this guide (20)
Opportunity cost definition

Opportunity cost is the cost associated with choosing one opportunity over another. When you calculate opportunity cost you don't consider cost that are common to both alternatives.

Which of the following best characterizes the corporate culture at Google

Relaxed and non-traditional

A budget is used to do which of the following

Plan income and expenses.

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

What best states the main difference between a monopoly and pure competition

A monopoly involves no competition at all while pure competition involves a high level of competition.

Advertising is the main source of revenue for which of the following industries

Media

In a free-market system producers are motivated to reduce costs and increase revenues because of what

The profit motive.

Which of the following explains why companies spend money on advertising

Companies want to influence consumer behavior through advertising.

Why do people gamble online

People chose to gamble online for various reasons:

  • They do not live near a casino
  • They do not like crowds of people
  • They do not like the smoke
  • The legal age to gamble online is 18+
  • Some land based casinos require you to be 21+
  • An online casino may have an attractive bonus
What statements best explains the purpose of market research

Market research helps producers earn more profits ~

What is the influence of branding on price sensitivity

The main purpose of branding products is to create relatively inelastic demand for the product

What is the following situations would the price of a good be most likely to decrease Apex

The development of a new energy source reduces production costs for a company.

Which of he following is an advantage of a partnership

Specialization. A+

Which of the following is a way that companies attempt to get consumers to buy their products instead of their products instead of their competitors products

Please rewrite. The question can not be answered. The list given you is not provided. We ave no idea of what "which of the following " is.

What Of The Following is an essential part of making a rational choice

doing cost benefit analysis

Which of the following accurately describes the effect of a situation of scarcity

Jjj

The media industry is characterized by an oligopolistc market structure because of which of the following

Centralization of ownership

A business thst is owned and operated by a single individual is know as a proprietorship

A business that is owned and operated by a single individual is know as a proprietorship

What if the following describes a situation in which there would be a decreasing marginal utility

Buying a second winter coat.

Which of the following is an example of expansionary fiscal policy

cutting taxes

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