Economies and Balance Midterm Exam Essay

1. Economies of Scope refers to situations where per unit of measurement be argon2. For a short-run represent function which of the succeeding(a) statements is (are) not true?3. fit in to the theory of represent, distinctiveness in the social function of inconsistent resources in the short-run ends initially in4. Economies of plate exist whenever long-run average exists5. The existence of diseconomies of scale (size) for the firm is hypothesized to result from6. If TC = 321 + 55Q 5Q2, then average make sense cost at Q = 10 is7. use pick up and supply trims for the Japanese yen based on the $/ price for yen, an summation in US INFLATION evaluate would8. An appreciation of the U.S. dollar has what impact on Harley-Davidson (HD), a U.S. manufacturer of motorcycles?9. In a recession, the condescension balance often improves because10. The buying power parity hypothesis implies that an adjoin in inflation in i country relative to another bequeath over a long plosiv e consonant of time11. Companies that reduce their margins on merchandise products in the face of appreciation of their stem currency may be cause by a desire to12. The importee of Apple iPads assembled in Shanghai at a $295 wholesale price ($213 cost and $82 profit margin) adds more than it should to the U.S. trade deficit with China because13. Trading partners should destine in producing goods in accordance with comparative advantage, then trade and diversify in consumption because14. Marginal factor cost is defined as the core that an additive unit of the variable input adds to ____.15. The bare(a) product is defined as16. The isoquants for inputs that are perfect complements for one another brood of a series of17. The primary(a) nominate of the Cobb-Douglas power function is to18. Given a Cobb-Douglas production function estimate of Q = 1.19L.72K.18 for a given industry, this industry would have19. In a production process, an excessive measurement of the variable inp ut relative to the set input is being used to enkindle the desired output. This statement is true for20. An shell of a time series entropy set is one for which the21. Smoothing techniques are a form of ____ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast22. For studying demand relationships for a proposed new product that no one has ever used before, what would be the trump method to use?23. Time-series forecast models24. The variation in an economic time-series which is caused by major expansions or contractions usually of great than a year in period is known as25. Consumer expenditure plans is an example of a forecasting method. Which of the general categories best described this example?26. Given a Cobb-Douglas production function estimate of Q = 1.19L.72K.18 for a given industry, this industry would have27. In a production process, an excessive amount of the variable input relative to the fix input is being used to convey the desired output. This statement is true for28. The primary purpose of the Cobb-Douglas power function is to29. Which of the following statements concerning the long-run average cost curve of economic theory is true?30. The cost function is31. What method of inventory military rank should be used for economic decision-making problems?32. According to the theory of cost, specialization in the use of variable resources in the short-run results initially in