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10 terms·StudBud Administration·11 plays

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Questions 10

Answers

1
What is Marginal Benefit?
measures disadvantages of producing one additional unit of a good/service
measures the advantages of producing one additional unit of a good/service
the cost advantages obtained due to expansion
a small number of businesses that gain the majority of total sales revenues
2
As of January 3, 2025, what beverage company's net worth just broke $266 billion?
Pepsi
Dr. Pepper
Sprite
Coca Cola
3
anybody can be an entrepreneur.
False
True
4
What are the 4 Basic market structures?
Monopoly, OliGopoly, Monopolistic competition, Perfect Competition
Experience, Time, Marketing, Perfect Competition
Customers, Money, material, Plan
Time, Customers, Plan, Composition
5
The GDP is a way to measure economic activity in the US.
False
True
6
What is Inelastic Demand?
when a change in price creates very little change in demand
the assets used in the production of goods and services
you may own whatever you want as long as you operate within the law
when a change in price creates a change in demand
7
Enterprise zones get worse tax rates, irregularly exemptions, and or other incentives.
False
True
8
What percentage of unemployment is considered healthy?
4
8
5
2
9
What is supply?
the number of businesses on the market
the production rate of products/services
the amount of product/service a producer can put on the market
The cost of a product/service on the market
10
What is Fixed Costs?
Expenses for services or goods that change constantly
costs of products that are pre-determined
a businesses way to show credibility
an expense that stays the same no matter how much activity a business has