1.Formal decision making process by which large organization buy services and products is classified as A.organizational buying B. large buying C.small buying D. procedure buying 2. Deciders and buyers in companies are classified as A.evaluators B.approvers C.buyers D.selectors 3.Business markets buy phases, include A.proposal solicitation B.product specification C.order-routine specification D.all of the above 4.Purchasing agents of companies in business markets dominate the A.buyer selection B.trial supplier?s C.product components D.supplier selection 5. Administrator who assists in selection and deselection of purchasing goods and services by screening information about products are A.purchasing agents B.system agents C.evaluation agents D.awareness agents

 

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1. For perfectly price inelastic supply

supply determines price solely.

demand determines price solely.

only a government can set the price.

either supply or demand may set the price.

2. For Matthew, the marginal utility of the 9th soda in a day is positive and the marginal utility of the 10th soda in a day is zero. This

implies that Matthew's demand curve for sodas per day will become upward sloping at 10 sodas per day.

is impossible because each additional unit of consumption of any good must provide positive marginal utility.

implies that at a zero price Matthew's demand curve will intersect the quantity axis at 10.

implies that Matthew maximizes utility by consuming 9 sodas per day.

3. Jane has $500 a Week to spend on clothing and food. The price of clothing is $25 and the price of food is $10. Jane spends her entire income when she purchases ________ units of clothing and ________ units of food.

10; 10

25; 5

12; 20

16; 8

4.Michael Dell was the first individual who sold computers by mail order. The company founded by Dell is now one of the largest and most successful computer companies in the United States. Michael Dell would be classified as a(n)

entrepreneur.

opportunist.

monopolist.

socialist.

5. Demand determines price entirely when

demand is downward sloping.

demand is perfectly inelastic.

supply is perfectly inelastic.

supply is perfectly elastic.

6. As an individual consumes more of a product within a given period of time, it is likely that each additional unit consumed will yield

successively less satisfaction.

successively more satisfaction.

the same amount of satisfaction.

less satisfaction for a while and then start to add more satisfaction.

7. When there are more substitutes for a product, the ________ for the product is ________.

demand; less price elastic

demand; more price elastic

income elasticity; greater

income elasticity; smaller

8. A price change would have the largest income effect on a

magazine.

desktop computer.

piece of clothing.

car.

9. If the demand for sardines increases as income decreases, sardines are a(n)

normal good.

inferior good.

substitute good.

complementary good.

10. Jane has $500 a Week to spend on clothing and food. The price of clothing is $25 and the price of food is $10. The clothing and food pairs in Jane's choice set include ________ units of clothing and ________ units of food.

50; 50

20; 50

15; 25

8; 30

 

 

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1. (for loop) A 3000 lb vehicle travelling on a road at 100 ft/sec requires a force equal to its mass times its acceleration (F-ma) to stop. The acceleration is given by a d where vo 100 and vi-O Write a program that will calculate the retarding force needed to stop the car at distances of 20, 30, 50, .., 100 ft. Display the distance value and the corresponding retarding force in tabular form.

 

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1) For each of the following, state whether it is True or False. No need to provide an explanation. a) US businesses relies more on the stock market than the bond market for funding. b) US business relies more on indirect finance than Japan. c) US business relies more on bank loans than nonbank loans. d) US business relies more on nonbank loans than Germany. e) US business relies more on direct finance than the UK.

 

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1. For each of the following, is it part of the demand for yen or supply of yen in the foreign exchange market? a. A Japanese firm sells its US government securities to obtain funds to buy real estate in Japan. Demand for yen. The Japanese firm is trying to convert dollars to yen, so it is contributing to the demand for yen. b. A US import company pays for glassware purchased from a small Japanese producer. The Japanese exporter needs to buy yen to buy from the producer. This contributes to the demand for yen. c. A US farm cooperative receives payment from a Japanese importer of US oranges? The US farm cooperative is paid in yen. It needs to convert the yen to dollars, so it contributes to the supply of yen for foreign exchange. d. A US pension fund uses some incoming contributions to buy equity shares of several Japanese companies through the Tokyo stock exchange. Document Preview:

Dulshan De Silva ECON 335 – Aaron Popp Assignment # 6 May 19, 2016 Econ 335: Assignment 6 For each of the following, is it part of the demand for yen or supply of yen in the foreign exchange market? A Japanese firm sells its US government securities to obtain funds to buy real estate in Japan. Demand for yen. The Japanese firm is trying to convert dollars to yen, so it is contributing to the demand for yen. A US import company pays for glassware purchased from a small Japanese producer. The Japanese exporter needs to buy yen to buy from the producer. This contributes to the demand for yen. A US farm cooperative receives payment from a Japanese importer of US oranges? The US farm cooperative is paid in yen. It needs to convert the yen to dollars, so it contributes to the supply of yen for foreign exchange. A US pension fund uses some incoming contributions to buy equity shares of several Japanese companies through the Tokyo stock exchange. Demand for yen because the pension fund needs to convert dollars to yen. Please classify the following exchange rate regimes as fixed, intermediate, or flexible. Please assume that if the exchange rate regime is fixed, I am giving you the exchange rate to which it is fixed: The Japanese yen-US dollar exchange rate: It’s difficult to conclude a management of this exchange rate. The Japanese yen-US dollar exchange rate is a flexible exchange rate regime determined by market forces. The Malaysian ringgit-US dollar exchange rate from 1999 to 2005: From 1999 to 2005, the ringgit-US dollar exchange rate is constant, indicating a fixed exchange rate regime. The Malaysian ringgit-US dollar exchange rate from 2006 to the present above As the ringgit-dollar exchange rate has fluctuated significantly it’s a flexible exchange rate regime. The Swiss franc-euro exchange rate from 2012 to late 2014: The Swiss franc-euro exchange rate is fairly stable over the time period, but not completely steady. In this…

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