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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 10

Navigation   » List of Schools  »  West Los Angeles College  »  Economics  »  Econ 001 – Principles of Microeconomics  »  Summer 2019  »  Quiz 10

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

Question #1
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 #2
The slope of the demand curve for a monopoly firm is:
A  horizontal, parallel to the x-axis.
B  downward sloping.
C  vertical, parallel to the y-axis.
D  upward sloping.
Question #3
Which of the following are barriers to entry that are directly enforced by government?
A  An established reputation for slashing prices in response to new entry.
B  A permit required to conduct business operations.
C  A well-respected brand name built up over many years.
Question #4
Why is a monopoly allocatively inefficient?
A  Because price is equal to marginal cost.
B  Because price is greater than marginal cost at the profit-maximizing level of output.
C  Because price is less than marginal cost.
Question #5
Following the assumption that firms maximize profits, how will the price and output policy of an unregulated monopolist compare with ideal market efficiency?
A  Output will be too small and its price too high.
B  Output will be too large and its price too low.
C  Output will be too large and its price too high.
D  Output will be too small and its price too low.
Question #6
Why can a price discriminating monopolist be both more profitable and more efficient (i.e., produce greater net benefits for society)?
A  Because it charges a lower price than a single price monopolist.
B  Because it supplies a higher quantity of output than a single price monopolist.
C  Because it is more socially conscious than a single price monopolist.
Question #7
After AT&T was split up by government litigation into a number of different entities (i.e., local phone companies, a long-distance phone company and a phone equipment manufacturer), what was the result on competition in the phone market?
A  AT&T’s residual monopolistic power persisted.
B  Few companies dared to enter the market.
C  An increase in competition leading to greater innovation, more services, and lower prices.
Question #8
If two companies are seeking regulatory approval to merge their respective businesses, which of the following will most likely be the focus of the arguments that they will present in favor of the merger?
A  Consumers can purchase better quality goods or services at a lower price.
B  The newly created firm is able to take advantage of economies of scale.
C  The newly created firm will benefit consumers by operating more efficiently.
Question #9
If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about:
A  new ways of pleasing customers.
B  regulatory recapture.
C  taking advantage of economies of scale.
D  the extent of competition.
Question #10
________ give(s) government the power to block certain mergers, and in some cases, to break up large firms into smaller ones.
A  Nationalization policies
B  Restrictive practices
C  Antitrust laws
D  Market regulations
Question #11
The largest cattle rancher in a given region will be unable to have a ________ when sufficient numbers of smaller cattle ranchers provide sources of competition.
A  monopoly
B  oligopoly
C  monopolistic competition
Question #12
Select all of the following examples that are considered monopolies:
A  electric utility companies
B  U.S. postal service
C  airlines
Question #13
For a pure monopoly to exist there is/are:
A  a few sellers in a given industry.
B  only one seller, therefore no industry.
C  a single seller in a particular industry.
D  limited sellers in a particular industry.
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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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