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Beschreibung
Quiz von Daniela Velez7069, aktualisiert more than 1 year ago
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Erstellt von Daniela Velez7069
vor mehr als 8 Jahre
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Frage 1
Frage
What is an example of an internal diseconomies of scale?
Antworten
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Inefficient communication
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Better road and transport links
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Traffic congestions
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Lack of skilled labor
Frage 2
Frage
Variable costs are business costs that vary directly with [blank_start]output[blank_end]
Antworten
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output
Frage 3
Frage
What does a LRAC curve include?
Antworten
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SRAC curves
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Diseconomies of scale
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Decreasing returns to scale
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Different plants of production
Frage 4
Frage
The finance monetary costs, or accountable costs are
Antworten
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Accounting profit
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Consumer surplus
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Variable costs
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Explicit costs
Frage 5
Frage
What type of demand is the following: when goods or services have more than one use so it increased the demand for one product and fall of supply in another.
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Latent demand
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Effective demand
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Complementary demand
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Composite/ Joint demand
Frage 6
Frage
What are causes of shift in supply?
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Climatic conditions
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Increase in price of substitute goods
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Rise in real income
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Expectations of future price change
Frage 7
Frage
If two goods are in complementary demand and Good A decreases its price, what will happen to the demand of Good B?
Antworten
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Have an expansion
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Have a contraction
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Rightward shift in demand
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Leftward shift in demand
Frage 8
Frage
In price elasticity of demand, what is an elastic demand?
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When the price elasticity of demand equals 0
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When the percentage change in demand is greater than the percentage change in price
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When the price elasticity of demand is from 0 to 1
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None of the above
Frage 9
Frage
In price elasticity of supply, when the supply is perfectly [blank_start]inelastic[blank_end], a change in price has no effect on the quantity supplied onto the market.
Antworten
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inelastic
Frage 10
Frage
Income elasticity of demand measures the relationship between the change in quantity demanded and a change in real income. Why do normal goods and normal luxuries have a positive elasticity?
Antworten
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Demand falls as income rises and vice versa
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As consumer incomes rise, more is demanded at each price level so demand rises less proportionately to a change in income
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As consumer incomes rise, more is demanded at each price level so demand rises more proportionately to a change in income
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None of the above
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