Assessment 1 Assessment Of Learning 1 Mgmt 504 Assessment 1 2 3

Assessment 1Question 11 out of 1 pointsThe higher the interest rate:Selected Answer:Correct B. the smaller the present value of a future amount.Correct Answer:Correct B. the smaller the present value of a future amount.Question 21 out of 1 pointsIf the interest rate is 10 percent and cash flows are $1,000 at the end of year one and$2,000 at the end of year two, then the present value of these cash flows is:Selected Answer:Correct A. $2,562.Correct Answer:Correct A. $2,562.Question 31 out of 1 pointsEconomic profits are:Selected Answer:Correct C. total revenue minus total opportunity cost.Correct Answer:Correct C. total revenue minus total opportunity cost.Question 41 out of 1 pointsWhich of the following are signals to the owners of scarce resources about the best uses of those resources?Selected Answer:Correct A. Profits of businessesCorrect Answer:Correct A. Profits of businessesQuestion 51 out of 1 pointsTo maximize profits, a firm should continue to increase production of a good until:Selected Answer:Correct C. marginal revenue equals marginal cost.Correct Answer:Correct C. marginal revenue equals marginal cost.Question 61 out of 1 pointsIf a producer offers a price that is in excess of a consumer's valuation of the good, the consumer:Selected Answer:Correct B. will refuse to purchase the good.Correct Answer:Correct B. will refuse