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4174606
Microeconomics 10 Multiple Choice Question Quiz
Descrição
Practice quiz
Sem etiquetas
microeconomics
comparative advantage
productivity
marginal utility
economies of scale
costing
product market
explicit and implicit costs
law of demand and supply
elasticity
Quiz por
locastellanos
, atualizado more than 1 year ago
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Criado por
locastellanos
quase 9 anos atrás
44
2
0
Resumo de Recurso
Questão 1
Questão
The Law of Diminishing Marginal Returns is not true under these circumstances:
Responda
Constant marginal utility of money, application to money and rare collection.
Constant marginal utility of money, diminishing marginal utility and rationality
Application to money, rare collection and intoxicants
Constant marginal utility of money, intoxicants and rationality
Questão 2
Questão
Which of these costs are variable?
Responda
Electricity, salaries, oil, commissions
Salaries, transportation, commissions, insurance
Machinery, wages, insurance, maintenance
Transportation, wages, commissions, oil
Questão 3
Questão
Order these terms from more competitive to less competitive:
Responda
Perfect Competition—Oligopoly—Monopolistic Competition—Duopoly—Monopoly—Pure Monopoly
Perfect Competition—Monopolistic Competition—Oligopoly—Duopoly—Monopoly—Pure Monopoly
Perfect Competition—Monopolistic Competition— Duopoly —Oligopoly—Monopoly—Pure Monopoly
Perfect Competition—Oligopoly— Duopoly — Monopolistic Competition —Monopoly—Pure Monopoly
Questão 4
Questão
If long run input is 67% and output is 64% it is...
Responda
Economies of scale
Diseconomies of scale
Diminishing returns to scale
Increasing returns to scale
Questão 5
Questão
Which of these does not shift demand?
Responda
Number of buyers
Market expectations
resource cost
Income of buyers
Questão 6
Questão
At what point is a kilo of cheese more elastic?
Responda
$0
$1
$2
$5
Questão 7
Questão
Which of these is upward sloping in Xed?
Responda
Substitutes
Complements
Normal goods
Inferior goods
Questão 8
Questão
Which of these is not a possible gain of specialization?
Responda
Bigger global market
More variety of products
Prices increase
Higher total output
Questão 9
Questão
How is productivity typically measured?
Responda
Total amount of money the firm makes
How many utils does the product give the consumer
Input of land and capital
Output per hour worked
Questão 10
Questão
Ireland produces 30 units of beer and 10 units of coffee. Colombia produces 10 units of beer and 30 units of coffee. What are the terms of trade?
Responda
From 10 to 30
From 1/3 to 1
From 1 to 3
From 3 to 30
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