Micro Semester Exam Questions

Descrição

Micro P3
2016: Maria Jose
Quiz por 2016: Maria Jose, atualizado more than 1 year ago
2016: Maria Jose
Criado por 2016: Maria Jose mais de 8 anos atrás
7
0

Resumo de Recurso

Questão 1

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

Questão 2

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

Questão 3

Questão
which of the following are fixed costs
Responda
  • rent
  • supplies
  • salaries
  • wages
  • utilities
  • insurance

Questão 4

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

Questão 5

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

Questão 6

Questão
The LRAC is made of the tangency points of several SRAFC
Responda
  • True
  • False

Questão 7

Questão
In the long run all inputs are [blank_start]variable[blank_end]
Responda
  • variable

Questão 8

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

Questão 9

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

Questão 10

Questão
if the price of substitute goods rise then the demand curve
Responda
  • shifts to the right
  • shifts to the left

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