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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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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.

Quiz 11

Navigation   » List of Schools  »  West Los Angeles College  »  Economics  »  Econ 001 – Principles of Microeconomics  »  Summer 2019  »  Quiz 11

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

Question #1
In monopolistic competition, the end result of entry and exit is that firms end up with a price that lies
A  on the upward-sloping portion of the average cost curve.
B  at the very bottom of the AC curve.
C  at the very top of the AC curve.
D  on the downward-sloping portion of the average cost curve.
Question #2
If a perfectly competitive market moved toward monopolistic competition, we might expect:
A  a greater range of product differentiation, but a higher price.
B  a smaller range of product differentiation, but a lower price.
C  a greater range of product innovation and a lower price.
D  less advertising.
Question #3
The typical slope of the demand curve as perceived by a monopolistic competitor will
A  show less of a decline in demand than would a monopoly that raised its prices.
B  be steeper than the demand curve perceived by a monopolist.
C  reflect that firm’s ability raise its price without losing all of its customers.
D  be reflective of a perfectly competitive firm and all of the above.
Question #4
Monopolistic competition is different from perfect competition in that monopolistically competitive markets:
A  allows for positive economic profits in the long-run.
B  allows for positive economic profits in the short-run.
C  involves non-price competition in the form of variety.
D  involves competition that is all about efficiency: minimizing average cost.
Question #5
Shopping malls typically lease retail space to a large number of clothing stores. When this group of retailers competes to sell similar but not identical products, they engage in what economists call ________.
A  monopolistic competition
B  perfect competition
C  collusion
D  a cartel
Question #6
In the competitive market for figure skate blades, manufacturers offer an array of products that are
A  at opposite ends of the competition spectrum.
B  virtually identical on the competition spectrum.
C  distinctly similar in a particular way.
D  distinctly different in a particular way.
Question #7
The demand curve faced by a perfectly competitive firm is:
A  Downward-Sloping–market demand
B  Flat–perfectly elastic
C  Slightly downward-sloping–somewhat elastic
Question #8
Perfect competition displays allocative efficiency because the social benefits of additional production, as measured by the price that people are willing to pay, are in balance with the ________ to society of that production.
A  marginal costs
B  marginal revenues
C  total costs
Question #9
If the firm is producing at a quantity of output where marginal revenue is less than marginal cost, then,
A  each marginal unit adds profit by bringing in less cost than its revenue.
B  the firm’s perceived demand will shift to the right.
C  the firm should reduce production.
Question #10
In the short-run, the firm will operate (not shut down) as long as revenue is more than enough to cover:
A  total costs
B  fixed costs
C  marginal cost
D  variable costs
Question #11
A successful advertising campaign results in ________.
A  the firm charging a lower price for its product but selling more units
B  the firm’s perceived demand curve to become more inelastic, so demand increases
C  the firm’s perceived demand curve to become more elastic, leading to more variability in pricing
Question #12
If each of two competing monopolists undertakes equally successful advertising efforts to attract consumers away from the other, the total result is ________.
A  they will simply neutralize one another’s efforts
B  they will both improve their industrial position
C  they will both increase market share
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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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