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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. 

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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  increase its profits.
B  sell a greater quantity.
C  charge a higher price.
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  A cartel
D  Collusion
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 efficiency; profits and losses; zero profits
B  productive and allocative 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 expand
B  will decline in the short run
C  will decline
D  stays the same
Question #6
In a monopolistic competitive industry, firms can try to differentiate their products by
A  choosing optimal locations from which the product is sold.
B  creating optimal perceptions of the product.
C  enhancing the intangible aspects of the product.
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  sell any quantity it wishes at the prevailing market price.
B  lose fewer customers than a monopoly that raised its prices.
C  choose any combination of price and quantity.
D  raise its price without losing all of its customers.
Question #8
If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms,
A  they will be unable to earn higher-than-normal profits in the short run.
B  they will wish to cooperate to make decisions about what price to charge.
C  they will be unable to earn higher-than-normal profits in the long run.
D  they will wish to cooperate to make decisions about what quantity to produce.
Question #9
_______________ law implies ownership over an idea or concept or image
A  Patent
B  Intellectual property
C  Copyright
D  Trademark
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 are typically constant and are shown by a straight horizontal line
C  total costs rise and grow steeper as output rises
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  natural monopoly
B  conditions of entry in a certain industry
C  quantities that can be produced
D  prices that can be charged
Question #12
For a pure monopoly to exist,
A  there is only one seller, therefore no industry
B  there are a few sellers in a given industry
C  there are limited sellers in a particular industry
D  there is a single seller in a particular 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  $4.00 or less
B  $3.40 or less
C  $3.90 or less
D  $3.50 or less
Question #14
The marginal revenue curve for a monopolist _________ the market demand curve.
A  always lies beneath
B  always is the same
C  always rises above
D  always runs parallel
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  200,000 trade secrets; create a natural monopoly
B  800,000 trademarks; identify the source of goods
C  1 million copyright licenses; identify the authors of creative works
D  200,00 patents; license for use
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  less than
B  a or c above
C  equal to
D  greater than
Question #18
Under perfect competition, any profit-maximizing producer faces a market price equal to its
A  variable costs
B  total costs
C  marginal costs
D  average 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 demand curve will also shift to the left.
B  expanding output levels at any given price will be profitable.
C  the firm’s marginal cost curve will shift to the left.
D  producing less at any market price will off-set marginal cost .
Question #20
In the _______ , the perfectly competitive firm will react to profits by _____________________ .
A  long run; tailoring their quality controls
B  short run; reducing its labor inputs
C  short run; increasing quality of products
D  long run; increasing its production
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 reach its shutdown point.
B  preparing to exit operations.
C  considering capital investments.
D  considering opportunity costs.
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  to produce the highest profitable quantity of output at the lowest possible marginal cost
C  deciding what quantity to produce is one of the major choices a profit-seeking firm makes
D  the quantity of labor is the only variable cost choice a profit-seeking firm can make
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  price taker
B  price setter
C  business entity
D  trend setter
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  variable
B  average
C  fixed
D  marginal
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 less than the marginal product of labor.
B  the average product of labor is always equal to the marginal product of labor.
C  the average product of labor is always greater that the marginal product of labor.
D  as more labor inputs are used, the average product of labor inputs will fall.
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  average fixed cost is constant.
B  marginal cost is below average variable cost.
C  marginal cost is above average variable cost.
D  marginal cost is below average fixed 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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