Econ 102 (ECON 102)
Pennsylvania State University - All Campuses
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
- Exam (elaborations) • 13 pages • 2024
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 
25. When using the economic order quantity model 
A) ordering costs increase as the level of inventory increases. 
B) carrying costs decrease as the level of inventory increases. 
C) costs are minimized when total carrying costs and total ordering costs are 
equal. 
D) none of the above 
Difficulty: Medium Type: Conceptual 
26. Hedging 
A) is a way to protect your accounts receivable position. 
B) increases risk. 
C) is a legal agreement to buy or se...
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Supply Notes
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Notes from class on supply.
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SS and DD notes
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Notes regarding SS and DD.
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Utility and consumer decision making Notes
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Class notes on utility and decision making.
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PPF notes
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Class notes from professor and textbook on PPF.
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Exam 1 Review
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Questions and answers on Exam 1
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Elasticity Notes
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Notes regarding elasticity.
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Chapter 12 Notes
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Notes from professor and textbook on chapter 12.
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Finals Exam review
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Questions and answers on the final exam.
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Elasticity Problems
- Class notes • 5 pages • 2023
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Notes regarding elasticity problems