Case Based Critical Thinking Questions Case 7-1

question 35

Multiple Choice

Case Based Critical Thinking Questions Case 7-1
Carlos is not familiar with creating Access reports and has asked his friend Nina to help him create some useful reports from his organic produce farm data. The organic farm currently has three tables, as illustrated below. Using the information provided, determine the best answers for the questions below.

Nina does not see any fields available to add to the report after making the correct selection from the DESIGN tab on the Report Layout Tools Ribbon. What is most likely the problem?

• A) no table was selected before beginning the report
• B) there are no tables in the database
• C) the tables are not visible in the Field List pane of the report design window and must be made visible
• D) there are no fields created for the table selected

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Definitions:

Minimum Price

The lowest legal price at which a good or service can be sold, often set to ensure producers can cover their costs.

Total Producer Surplus

The difference between the total revenue that producers receive and the minimum amount they would be willing to accept for their goods or services.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount they receive due to market price.

Good X

An unspecified product or commodity in economics, used in theoretical models and discussions.