Microeconomics

Descrição

A test on elasticity
2016: Felipe Sil
Quiz por 2016: Felipe Sil, atualizado more than 1 year ago
2016: Felipe Sil
Criado por 2016: Felipe Sil mais de 8 anos atrás
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Resumo de Recurso

Questão 1

Questão
What is an example of a homogenous product?
Responda
  • Water
  • Cellphones
  • Shoes
  • Computers

Questão 2

Questão
An increase in income would shift the demand curve
Responda
  • To the right
  • to the left
  • wouldnt shift it

Questão 3

Questão
If the total fixed cost is 40000, what would be the average fixed cost for 160 products
Responda
  • 800
  • 250
  • 640000
  • 25

Questão 4

Questão
Poor communication, Lack of motivation, lack of direction are examples of:
Responda
  • External D.O.S
  • External E.O.S
  • Internal D.O.S
  • Internal E.O.S

Questão 5

Questão
What is an example of an inelastic good
Responda
  • Cellphones
  • Shoes
  • Cigarettes
  • Airplane tickets

Questão 6

Questão
Which curve shows all SRATC curves together
Responda
  • SRAS
  • LRATC
  • AD
  • AS

Questão 7

Questão
At perfect competition how many firms are assumed to exist
Responda
  • None
  • 1
  • 100
  • Infinite

Questão 8

Questão
To measure elasticity demand, one has to divide change in quantity demanded by...
Responda
  • change in supply
  • change in income
  • change in price level
  • quantity

Questão 9

Questão
What is the economic term for the profit that could have been made?
Responda
  • Explicit costs
  • implicit costs
  • Total revenue
  • accounting profit

Questão 10

Questão
There are no barriers of entry and exit in a...
Responda
  • Monopoly
  • Duopoly
  • Multiple firm market
  • Perect competition market

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