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NEW QUESTION: 1
There are 1,000 identical firms in a purely competitive industry. In the short run, the total revenues of each firm are less than total costs. What will happen in the long run?
A. Firms will exit the market and the product price will rise.
B. Additional firms will enter the market and price will be driven down to where each firm will be making just enough to stay in business (cover its variable costs).
C. Additional firms will enter the market, but the price will remain the same because the existing firms will not allow it to decrease.
Answer: A
Explanation:
In the long run, under economic losses, firms will exit the industry. The contraction in supply caused by this exit will serve to increase the price of the good. Zero economic profits will be restored.

NEW QUESTION: 2
The SAS data set WORK.ONE contains a numeric variable named Num and a character variable named Char:

The following SAS program is submitted:

What is output?

A. Option D
B. Option B
C. Option C
D. Option A
Answer: A

NEW QUESTION: 3
In which quadrant of a stakeholder analysis grid do you place a customer enterprise architect who is not responsible for business solution selection but is responsible for business solution implementation?
A. key player
B. least important
C. internal influencer
D. show consideration
Answer: A

NEW QUESTION: 4
You are the lead software solution designer for Contoso, Ltd. You build and test software by using Microsoft Visual Studio Premium.
The company is undertaking a new software project that you will design and manage. Senior management wants stakeholders to be able to provide continuous feedback on frequent builds.
Your team uses two-week iterations and wants to view a backlog of all functionality and bugs together.
You need to implement a process template for the project. You want to achieve this goal by using minimal effort.
Which process template should you use?
A. your own custom template
B. a Scrum template
C. a CMMI template
D. an Agile template
Answer: B