Micro Semester Exam Questions

Descripción

Micro P3
2016: Maria Jose
Test por 2016: Maria Jose, actualizado hace más de 1 año
2016: Maria Jose
Creado por 2016: Maria Jose hace más de 8 años
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Resumen del Recurso

Pregunta 1

Pregunta
which of these is an example of an external E.O.S.?
Respuesta
  • lack of communication within the companie
  • buying in bulk to reduce costs
  • area where the companie is located

Pregunta 2

Pregunta
In a diseconomy of scale the average cost may not always fall as the scale for production is increased
Respuesta
  • True
  • False

Pregunta 3

Pregunta
which of the following are fixed costs
Respuesta
  • rent
  • supplies
  • salaries
  • wages
  • utilities
  • insurance

Pregunta 4

Pregunta
In an economy of scale the average cost of a product decreases as production
Respuesta
  • rises
  • falls

Pregunta 5

Pregunta
Utility is the satisfaction a consumer gets by [blank_start]purchasing[blank_end] a product
Respuesta
  • purchasing
  • consuming
  • using

Pregunta 6

Pregunta
The LRAC is made of the tangency points of several SRAFC
Respuesta
  • True
  • False

Pregunta 7

Pregunta
In the long run all inputs are [blank_start]variable[blank_end]
Respuesta
  • variable

Pregunta 8

Pregunta
Which of the following are a type of demand
Respuesta
  • effective
  • integral
  • external
  • latent
  • income
  • composite
  • substitute
  • derived
  • equilibrium
  • complementary

Pregunta 9

Pregunta
The substitution effect says that if the prices go up then you should keep purchasing those goods
Respuesta
  • True
  • False

Pregunta 10

Pregunta
if the price of substitute goods rise then the demand curve
Respuesta
  • shifts to the right
  • shifts to the left
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