The following table shows actual sales and two forecasts for the past 2 periods. Compare the forecast errors between Forecast 1 and Forecast 2, which forecast has a larger variance?
If a 10% decrease in the price of a product causes the quant…
If a 10% decrease in the price of a product causes the quantity demanded to rise by 20%, the demand is
An increase in price causes an increase in total revenue whe…
An increase in price causes an increase in total revenue when demand is
Which of the following defines marginal utility?
Which of the following defines marginal utility?
Demand is said to be inelastic when
Demand is said to be inelastic when
Because economists believe that people respond to incentives…
Because economists believe that people respond to incentives, they would predict that consumers would choose to consume ___________ cigarettes if the government imposed a tax on cigarettes. Economists would also predict a(n) ________in the amount of late registrations that takes place in schools if penalties for late registration includes a fee.
Transform sentence b into a relative clause and integrate it…
Transform sentence b into a relative clause and integrate it into the a clause. Do not forget the commas at the beginning and the end of the relative clause and the period at the end of the sentence. Example: a) Wir haben Kristinas Freund geholfen. b. Er ist gestern angekommen. – Wir haben Kristinas Freund, der gestern angekommen ist, geholfen, —————————– a. Er nimmt die Wohnung. b. Ich habe ihm die Wohnung gezeigt.
You want to order a salad in a restaurant. Check all the sen…
You want to order a salad in a restaurant. Check all the sentences below that express your request in a polite way.
You want to ask someone a question. Check all the sentences…
You want to ask someone a question. Check all the sentences below that express your request correctly and in a polite way.
Which of the following sentences are polite requests? (Selec…
Which of the following sentences are polite requests? (Select all that apply.)