A+ Answers of the following Questions

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Question 1

The standard deviation is a measure of ________________.

a. spread

b. center

Question 2

 The sum of the draws from a box is 440. If the average of these draws is 2.20, how many draws were there?

a. 968

b. 200

c. impossible to tell

d. 20

e. 880

Question 3

 A _____________ is taken from the _____________ in order to estimate the ________________.

a. population, sample, statistic

b. population, sample, parameter

c. sample, population, statistic

d. sample, population, parameter

4.

Question:

Determine whether each of the following would increase or decrease the opportunity costs for stay-at-home moms or dads (those who choose not to accept work outside the home). Briefly explain your answers.

a. Higher unemployment rates.

b. Lower average wages.

c. Higher demand for labor.

d. Lower income tax rates on wages earned.

Question 1
The concept of operating leverage involves the use of __________ to magnify returns at high levels of operation.
A. fixed costs
B. variable costs
C. marginal costs
D. semi-variable costs


Question 2
Which of the following questions does break-even analysis attempt to address?
A. How much do changes in volume effect costs and profits?
B. At what point does the firm break even?
C. What is the most efficient level of fixed assets to employ?
D. all of the above


Question 3
If sales volume exceeds the break-even point, the firm will experience:
A. an operating loss.
B. an operating profit.
C. an increase in plant and equipment.
D. an increase in stock price.

Question 1
The break-even point can be calculated as:
A. variable costs divided by contribution margin.
B. total costs divided by contribution margin.
C. variable cost times contribution margin.
D. fixed cost divided by contribution margin.


Question 2
A highly automated plant would generally have:
A. more variable than fixed costs.
B. more fixed than variable costs.
C. all fixed costs.
D. all variable costs.


Question 3
If a firm has fixed costs of $30,000, a price of $4, and a breakeven point of 15,000 units, the variable cost per unit is:
A. $5.
B. $2.
C. 50 cents.
D. $4.

Question 1
If a firm has fixed costs of $20,000, variable cost per unit of 50 cents, and a breakeven point of 5,000 units, the price is:
A. $2.50.
B. $5.
C. $4.
D. $4.50.


Question 2
If a firm has a price of $4, variable cost per unit of $2.50, and a breakeven point of 20,000 units, fixed costs are equal to:
A. $13,333.
B. $10,000.
C. $30,000.
D. $50,000.


Question 3
A firm's break-even point will rise if:
A. fixed costs decrease.
B. contribution margins increase.
C. price per unit rises.
D. variable cost per unit rises.

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