4177015
Descrição
Quiz por asilva9263, atualizado more than 1 year ago
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Criado por asilva9263
mais de 8 anos atrás
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Questão 1
Questão
Good X has a PED of 1.2, Good Y has a PED of 0.8. If the XED of good X is 2.3. What is the percent change in price of good X if the demand of good Y changes by 55%?
Responda
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158.125%
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68.75%
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131.771%
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55%
Questão 2
Questão
Which of the following products will experience a price change due to the current drought in Colombia?
Select all that apply
Responda
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Corn
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Airplane tickets
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Roses
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Colombian Gold
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Cars
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School tuition
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Night at a hotel
Questão 3
Questão
The study of economics wouldn't be as easy if it wasn't for which of the following?
Responda
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Ceteris Paribus
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Government
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Free Trade
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The 4 scarce resources
Questão 4
Questão
If total cost is equal to variable cost + fixed cost what would explain that Change in TC is equal to change in VC?
Responda
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With ceteris paribus FC should not be taken into account
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FC is not a measure of money so it is irrelevant
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Change in FC=0
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The statement in the question is not true
Questão 5
Questão
Which of the following goods will never have disutility.
Responda
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Money
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Rare items
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Collections
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All of the above
Questão 6
Questão
Which of the following mathematical equations explain why a PED rectangular hyperbola curve will always be unitary elastic?
Responda
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y=mx+b
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f'(x)=(dy)/(dx)
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y'=lnx
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y=1/x
Questão 7
Questão
The price of airplane tickets increases by 257%, which of the following goods will be demanded more?
select all that apply
Responda
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Haircuts
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Local goods over imported goods
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Train tickets
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Car wheels
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Music Discs
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books
Questão 8
Questão
What explains that PES is unitary elastic when its curve touches the origin?
Responda
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Y=mX so they change proportionally
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It's in between being inelastic and elastic
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it doesn't have a y intercept
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The Free origin law of economics
Questão 9
Questão
Which of the following are examples of internal economies of scale?
Check all that apply
Responda
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The government lower taxes
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there is a new cinema 2 blocks away from your business
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the company buys raw materials by bulk
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the company has great communication within itself
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the company has a greedy manager
Questão 10
Questão
The PED curve has a direct relationship with the AD curve
Responda
- True
- False
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