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Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

People go to websites to get the information they desperately need.  They could be looking for an answer to a nagging question.  They might be looking for help in completing an important task.  For recent graduates, they might be looking for ways on how to prepare a comprehensive resume that can capture the attention of the hiring manager

Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent.  While he already has samples provided by his friends, he still feels something lacking in his resume.  Specifically, the he believes that his professional objective statement lacks focus and clarity. 

Thus, he sought our assistance in improving editing and proofreading his resume. 

In revising his resume, iwritegigs highlighted his soft skills such as his communication skills, ability to negotiate, patience and tactfulness.  In the professional experience part, our team added some skills that are aligned with the position he is applying for.

When he was chosen for the real estate agent position, he sent us this thank you note:

“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Chapter 12 Problem Set

Navigation   » List of Schools  »  Mission College Santa Clara  »  Economics  »  Econ 1B – Principles of Microeconomics  »  Spring 2023  »  Chapter 12 Problem Set

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Below are the questions for the exam with the choices of answers:

Question #1
If the price is consistently below average total cost, then in the short run a perfectly competitive firm should:
A  raise the price.
B  continue to produce to minimize losses.
C  shut down.
D  There is not enough information given to answer this question.
Question #2
If firms are taking economic losses in the short run, firms will leave the industry, industry output will _____, and economic losses will _____ in the long run.
A  rise; rise
B  rise; fall
C  fall; fall
D  fall; rise
Question #3
The perfectly competitive model assumes all of the following EXCEPT:
A  a great number of buyers.
B  a standardized product.
C  that firms attempt to maximize their total revenue.
D  easy entry to and exit from the market.
Question #4
If the price is greater than the average variable cost and less than the average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will:
A  produce more than the profit-maximizing quantity.
B  produce at an economic profit.
C  shut down production.
D  produce at an economic loss.
Question #5
In the short run, if P < AVC at the quantity where MR = MC, a perfectly competitive firm produces _____ and takes an economic _____.
A  no output; profit
B  output; profit
C  no output; loss
D  output; loss
Question #6
If a perfectly competitive firm sells 10 units of output at $30 per unit, its marginal revenue is:
A  more than $30.
B  $300.
C  $30.
D  $10.
Question #7
A perfectly competitive firm will earn a profit and will continue producing the profit-maximizing quantity of output in the short run if the price is:
A  less than marginal cost.
B  less than the average fixed cost.
C  greater than average variable cost but less than average total cost.
D  greater than average total cost.
Question #8
If a perfectly competitive firm is producing a quantity where P > MC, then the firm can increase profit by:
A  making no change in output or price because it is already maximizing profit.
B  decreasing the price.
C  increasing the price.
D  increasing production.
Question #9
Which of the following is MOST likely to cause firms to exit a perfectly competitive industry?
A  Consumer income falls.
B  A technological advance allows all firms to produce more efficiently.
C  The price of a key variable input falls.
D  Consumer tastes and preferences for this product get stronger.
Question #10
Perfect competition is characterized by:
A  fierce quality competition.
B  rivalry in advertising.
C  widely recognized brands.
D  the inability of any one firm to influence price.
Question #11
If a perfectly competitive firm decreases production from 11 units to 10 units and the market price is $20 per unit, total revenue for 10 units is:
A  $210.
B  $10.
C  $200.
D  $20.
Question #12
A perfectly competitive industry is said to be efficient because the:
A  average total cost of production of the industry’s output is minimized.
B  product is standardized across firms in the industry.
C  marginal cost of production of the last unit of output is minimized.
D  market price of the good is equal to economic profit for all firms in the industry.
Question #13
Suppose that some firms in a perfectly competitive industry are earning positive economic profits. In the long run, the:
A  number of firms in the industry will increase.
B  industry supply curve will shift to the left.
C  number of firms in the industry will not change.
D  industry is in equilibrium.
Question #14
When perfect competition prevails, which of the following characteristics of firms are we likely to observe?
A  They are all price takers.
B  None of them ever has diminishing marginal returns.
C  They all try to operate where price equals average variable cost.
D  They all try to operate where price equals total cost.
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Linda
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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush
Fresh Graduate
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