Microeconomic quiz

The level utility is measured through order rankink is the theory of...

• Marginal Utility (Cardinal)

• Marginal Utility (Ordinal)

• Utility

• Satisfaction

What is the meaning of Fix Cost...

• a cost that always change

• a business expense that affacted by the goverment policy

• a cost that could be fixed

• a business expense that normally doesn’t change

a market in which the industry is dominated by a few companies that are each influential participants in the market

• Oligopoly

• Monopolistic Competition

• Perfect Competition

• Monopoly

True Or False, the Equilibrium is when the price & quantity of demand and supply Different

• True

• False

An increase in the price of good X from Rp 400to Rp 350, causes an increase in the number of goods offered from 250units to 300 units. What is the coefficient of price elasticity of supply?

• 1.43

• 1.6

• 2

• 0.4

What is the coefficient of price elasticity of demand?

• Ed=1

• Ed>1

• Ed=0

• 0<ED<1

From the data, what type of Elasticity is that?

• Inelastic

• Perfectly Inelastic

• Elastic

• Perfectly Elastic

Example of the monopoly company in Indonesia

• Pertamine

• Indomaret

• Telkom Indonesia

• Toyota

Equilibrium is a market condition where...

• The quantity demanded is different from the quantity offered

• The amount demanded will decrease supply

• The quantity demanded is equal to the quantity offered

• The quantity demanded is equal to the sum of the prices of the goods

Qd/Qs is the formula to find market equilibrium

• True

• False