kiếp lầm than

kiếp lầm than

12th Grade

130 Qs

quiz-placeholder

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kiếp lầm than

kiếp lầm than

Assessment

Quiz

Other

12th Grade

Medium

Created by

Hà Phạm

Used 1+ times

FREE Resource

130 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following best defines OC?

it is the cost of producing those goods most desired by a given economy

it is the cost of the input mix that will lead to the greatest rate of growth for a given company

is it the amount of one product that must be given up in order to produce an additional unit of another product

it is the use of the least-cost method of production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following explains why a PPC is often represented as concave (bowed out) from the origin?

the law of demand

constant returns to scale

decreasing OC

increasing OC

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

assume that consumers consider popcorn and pretzels to be subs. a significant decrease in the supply of popcorn will affect the pretzel market by

increasing the demand for pretzels and therefore the supply of pretzels

increasing the demand for pretzels and therefore the price of pretzels

decreasing the demand for pretzels and therefore the price of pretzels

increasing the supply for pretzels and therefore the price of pretzels

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

in the market depicted in the diagram above (4/2012), if the government imposes a price ceiling of $1.00 per gallon on gasoline, which of the following will result?

a surplus of 6 bill gallons

a shortage of 6 bill gallons

a surplus of 12 bill gallons

a shortage of 12 bill gallons

neither a surplus nor a shortage, bcz the price ceiling would not be effective

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

assume that Clark spends his entire income on the purchase of two goods, X and Y. if his income and the P of good X and Y all double, Clark will

double the purchase of goods X and Y

buy more of good X and less of good Y

buy less of good X and more of good Y

buy the same amounts of goods X and Y

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

suppose that a firm begins to hire workers for a newly completed plants with a fixed amount of machinery. as the firm hires additional workers, one would expect the marginal product to

fall initially but eventually rise

rise initially but eventually fall

rise consistently due to diminishing return

rise consistently due to the ads of specialization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

in the SR, which of the following costs must continuously decrease as output produced increases

total variable cost

total fixed cost

AVC

AFC

ATC

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