Man Sci Master

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Questions and Answers

Which of the following is NOT true about the given text?

  • The text mentions a world university ranking
  • The text is about a course called Man Sci
  • The text mentions a university called Far Eastern University
  • The text provides a link to study materials (correct)

What can be inferred from the given text?

  • The author has created some studylists
  • The author has added their university or school
  • The author has not taken any courses yet (correct)
  • The author has viewed some documents

What is the topic of the missing review notes?

  • World University Ranking
  • Man Sci
  • Far Eastern University
  • IC and Optimum Combi (correct)

Which term refers to the study of how society manages its resources?

<p>Economics (A)</p> Signup and view all the answers

What does positive economics focus on?

<p>Testing and proving hypotheses (B)</p> Signup and view all the answers

What is opportunity cost?

<p>The value of what is given up to obtain some item (C)</p> Signup and view all the answers

What does marginal cost refer to?

<p>The value of what is given up to produce an additional unit (B)</p> Signup and view all the answers

When is the marginal benefit greater than the marginal cost?

<p>When consumers continue to purchase a good (B)</p> Signup and view all the answers

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