4176507
Descripción
Test por Daniela Velez7069, actualizado hace más de 1 año
|
Creado por Daniela Velez7069
hace más de 8 años
|
|
Pregunta 1
Pregunta
What is an example of an internal diseconomies of scale?
Respuesta
-
Inefficient communication
-
Better road and transport links
-
Traffic congestions
-
Lack of skilled labor
Pregunta 2
Pregunta
Variable costs are business costs that vary directly with [blank_start]output[blank_end]
Respuesta
-
output
Pregunta 3
Pregunta
What does a LRAC curve include?
Respuesta
-
SRAC curves
-
Diseconomies of scale
-
Decreasing returns to scale
-
Different plants of production
Pregunta 4
Pregunta
The finance monetary costs, or accountable costs are
Respuesta
-
Accounting profit
-
Consumer surplus
-
Variable costs
-
Explicit costs
Pregunta 5
Pregunta
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.
Respuesta
-
Latent demand
-
Effective demand
-
Complementary demand
-
Composite/ Joint demand
Pregunta 6
Pregunta
What are causes of shift in supply?
Respuesta
-
Climatic conditions
-
Increase in price of substitute goods
-
Rise in real income
-
Expectations of future price change
Pregunta 7
Pregunta
If two goods are in complementary demand and Good A decreases its price, what will happen to the demand of Good B?
Respuesta
-
Have an expansion
-
Have a contraction
-
Rightward shift in demand
-
Leftward shift in demand
Pregunta 8
Pregunta
In price elasticity of demand, what is an elastic demand?
Respuesta
-
When the price elasticity of demand equals 0
-
When the percentage change in demand is greater than the percentage change in price
-
When the price elasticity of demand is from 0 to 1
-
None of the above
Pregunta 9
Pregunta
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.
Respuesta
-
inelastic
Pregunta 10
Pregunta
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?
Respuesta
-
Demand falls as income rises and vice versa
-
As consumer incomes rise, more is demanded at each price level so demand rises less proportionately to a change in income
-
As consumer incomes rise, more is demanded at each price level so demand rises more proportionately to a change in income
-
None of the above
¿Quieres crear tus propios Tests gratis con GoConqr? Más información.