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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.

End of Week Quiz Chapter 8 to 10

Navigation   » List of Schools  »  Pierce College  »  Economics  »  Economics 1 – Principles of Economics  »  Summer 2021  »  End of Week Quiz Chapter 8 to 10

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

Question #1
A successful advertising campaign may allow competing monopolists to
A  sell a greater quantity.
B  charge a higher price.
C  increase its profits.
D  do all of the above.
Question #2
____________ occurs when circumstances have allowed several large firms to have all or most of the sales in an industry.
A  An oligopoly
B  A monopoly
C  Collusion
D  A cartel
Question #3
The single most common form of competition in the U.S. is
A  monopolistic competition among firms with differentiated products.
B  perfect competition because it displays product and allocative efficiencies.
C  perfect competition among firms with differentiated products.
D  oligopolistic competition in a certain market with similar products.
Question #4
A monopolistically competitive industry does not display ____________ in either the short-run, when firms are making ____________, nor in the long-run, when firms are earning ____________.
A  productive and allocative efficiency; profits and losses; zero profits
B  productive efficiency; profits and losses; zero profits
C  productive and allocative efficiency; profits and losses; negative profits
D  allocative efficiency; profits and losses; negative profits
Question #5
If a monopoly or a monopolistic competitor raises their prices, the quantity demanded ____________.
A  will decline
B  will expand
C  stays the same
D  will decline in the short run
Question #6
In a monopolistic competitive industry, firms can try to differentiate their products by
A  enhancing the intangible aspects of the product.
B  creating optimal perceptions of the product.
C  choosing optimal locations from which the product is sold.
D  enhancing product’s physical aspects and all of the above.
Question #7
The shape of the perceived demand curve for a perfectly competitive firm reflects that firm’s ability to
A  raise its price without losing all of its customers.
B  choose any combination of price and quantity.
C  sell any quantity it wishes at the prevailing market price.
D  lose fewer customers than a monopoly that raised its prices.
Question #8
If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms,
A  they will wish to cooperate to make decisions about what price to charge.
B  they will be unable to earn higher-than-normal profits in the short run.
C  they will wish to cooperate to make decisions about what quantity to produce.
D  they will be unable to earn higher-than-normal profits in the long run.
Question #9
_______________ law implies ownership over an idea or concept or image
A  Trademark
B  Patent
C  Copyright
D  Intellectual property
Question #10
Which of the following denotes the typical shape of the monopolist’s total cost curve?
A  total costs decrease and become flatter as output rises
B  total costs rise and grow steeper as output rises
C  total costs are typically constant and are shown by a straight horizontal line
D  higher output levels create the typical downward sloping cost curve
Question #11
Deregulation occurs when a government eliminates or scales back rules relating to all but one of the following. Which one is it?
A  quantities that can be produced
B  prices that can be charged
C  natural monopoly
D  conditions of entry in a certain industry
Question #12
For a pure monopoly to exist,
A  there is a single seller in a particular industry
B  there are limited sellers in a particular industry
C  there is only one seller, therefore no industry
D  there are a few sellers in a given industry
Question #13
If a firm holds a pure monopoly in the market and is able to sell 5 units of output at $4.00 per unit and 6 units of output at $3,90 per unit, it will produce and sell the sixth unit if its marginal cost is
A  $3.50 or less
B  $3.40 or less
C  $3.90 or less
D  $4.00 or less
Question #14
The marginal revenue curve for a monopolist _________ the market demand curve.
A  always is the same
B  always lies beneath
C  always runs parallel
D  always rises above
Question #15
Occasionally, _________ may lead to pure monopoly; in other market conditions, they may limit competition _________.
A  barriers to entry; to a few oligopoly firms
B  barriers to entry; to a natural monopoly
C  deregulation; requiring new patent law
D  deregulation; requiring new copyright law
Question #16
The US government has registered _________ on behalf of business firms to protect a particularly distinct element each has selected for its ability to aid consumers to easily _________.
A  1 million copyright licenses; identify the authors of creative works
B  800,000 trademarks; identify the source of goods
C  200,00 patents; license for use
D  200,000 trade secrets; create a natural monopoly
Question #17
A natural monopoly occurs when the quantity demanded is _________ the minimum quantity it takes to be at the bottom of the long-run average cost curve.
A  greater than
B  a or c above
C  equal to
D  less than
Question #18
Under perfect competition, any profit-maximizing producer faces a market price equal to its
A  marginal costs
B  total costs
C  average costs
D  variable costs
Question #19
If a competitive firm experiences a shift in costs of production that decreases marginal costs at all levels of output,
A  the firm’s marginal cost curve will shift to the left.
B  producing less at any market price will off-set marginal cost .
C  expanding output levels at any given price will be profitable.
D  the firm’s demand curve will also shift to the left.
Question #20
In the _______ , the perfectly competitive firm will react to profits by _____________________ .
A  short run; increasing quality of products
B  short run; reducing its labor inputs
C  long run; increasing its production
D  long run; tailoring their quality controls
Question #21
When a business adopts a strategy of reducing and/or discontinuing production in response to a sustained pattern of losses, it is
A  preparing to exit operations.
B  considering capital investments.
C  considering opportunity costs.
D  preparing to reach its shutdown point.
Question #22
Why would a profit-seeking firm need to tailor its decisions about the quantity of labor inputs that it purchases?
A  to produce the profit-maximizing quantity of output at the lowest possible average cost
B  the quantity of labor is the only variable cost choice a profit-seeking firm can make
C  to produce the highest profitable quantity of output at the lowest possible marginal cost
D  deciding what quantity to produce is one of the major choices a profit-seeking firm makes
Question #23
The term _______ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product.
A  trend setter
B  price taker
C  price setter
D  business entity
Question #24
If the price that a firm charges is higher than its ___________ cost of production for that quantity produced, then the firm will earn profits.
A  marginal
B  fixed
C  variable
D  average
Question #25
In Sam’s greenhouse operation, labor is the only short term variable input. After completing a cost analysis, if the marginal product of labor is the same for each unit of labor, this will imply that
A  the average product of labor is always equal to the marginal product of labor.
B  as more labor inputs are used, the average product of labor inputs will fall.
C  the average product of labor is always less than the marginal product of labor.
D  the average product of labor is always greater that the marginal product of labor.
Question #26
If marginal cost is rising in a competitive firm’s short-run production process and its average variable cost is falling as output is increased, then
A  marginal cost is above average variable cost.
B  average fixed cost is constant.
C  marginal cost is below average fixed cost.
D  marginal cost is below average variable cost.
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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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