4505277
Descrição
Quiz por anjalisingh02, atualizado more than 1 year ago
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Criado por anjalisingh02
mais de 8 anos atrás
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Questão 1
Questão
A merger between 2 firms, within the same industry, operating at the same stage of production.
What type of merger is this?
Responda
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Vertical
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Horizontal
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Conglomerate
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Forward Vertical
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Backward Vertical
Questão 2
Questão
A merger between 2 firms in entirely unrelated industries.
What type of merger is this?
Responda
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Vertical
-
Horizontal
-
Conglomerate
-
Forward Vertical
-
Backward Vertical
Questão 3
Questão
A merger between 2 firms, within the same industry, operating at different stages of production.
What type of merger is this?
Responda
-
Vertical
-
Horizontal
-
Conglomerate
-
Forward Vertical
-
Backward Vertical
Questão 4
Questão
Why do firms remain small?
Responda
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Gain expertise
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Barriers to Entry/Exit
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Niche-Market Businesses
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Lack of resources
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Lack of motivation
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Benefit from greater profits
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Increase sales
Questão 5
Questão
Why do firms grow?
Responda
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Increase market share
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Barriers to Entry/Exit
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Gain power
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Benefit from greater profits
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Avoid attention from potential buyers
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Lack of resources
Questão 6
Questão
Productive efficiency occurs...
Responda
-
at the lowest point of the average cost curve
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when the cost of production and the demands of consumers are taken into account to maximise welfare
Questão 7
Questão
How can productive efficiency be shown on a diagram?
Responda
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P=MC
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MC=AC
Questão 8
Questão
Allocative efficiency occurs...
Responda
-
at the lowest point of the average cost curve
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when the cost of production and the demands of consumers are taken into account to maximise welfare
Questão 9
Questão
How can allocative efficiency be shown on a diagram?
Responda
-
P=MC
-
MC=AC
Questão 10
Questão
Profit maximisation occurs where...
Responda
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AC=AR
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MC=MR
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MR=0
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AR=MR
Questão 11
Questão
Revenue maximisation occurs where...
Responda
-
AC=AR
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MC=MR
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MR=AR
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MR=0
Questão 12
Questão
Sales maximisation occurs where...
Responda
-
MC=MR
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MR=AR
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AC=AR
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MR=0
Questão 13
Questão
Which one best describes Perfect Competition?
Responda
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High Barriers to Entry/Exit
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Imperfect knowledge
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Few large firms dominate
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Homogenous products
Questão 14
Questão
Which one best describes Monopolistic Competition?
Responda
-
Low concentration ratio
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Homogenous products
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Perfect knowledge
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No barriers to Entry/Exit
Questão 15
Questão
Which one best describes Oligopoly?
Responda
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Many small firms
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Perfect knowledge
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High barriers to Entry/Exit
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Unique products
Questão 16
Questão
Which one best describes Monopoly?
Responda
-
Low concentration ratio
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Perfect Knowledge
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Unique products
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Low barriers to Entry/Exit
Questão 17
Questão
How do you calculate Average Fixed Costs?
Responda
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Fixed Costs/Output
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Variable Costs/Output
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Fixed Costs/Price
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Variable Costs/Price
Questão 18
Questão
How do you calculate Average Variable Costs?
Responda
-
Variable Costs/Output
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Variable Costs/Price
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Fixed Costs/Output
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Fixed Costs/Price
Questão 19
Questão
How do you calculate Marginal Costs?
Responda
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Change in Total Costs/ Change in Quantity
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Change in Quantity/ Change in Total Costs
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Change in Fixed Costs/ Change in Quantity
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Change in Variable Costs/ Change in Quantity
Questão 20
Questão
How do you calculate Total Revenue?
Responda
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Price x Quantity
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Total Costs x Quantity
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(Price x Quantity)/ Quantity
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Total Revenue/ Quantity
Questão 21
Questão
How do you calculate Average Revenue?
Responda
-
(Price x Quantity)/ Quantity
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Fixed Costs/ Quantity
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Price x Quantity
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Variable Costs x Quantity
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