Eco401 Quiz No. 3
Wednesday, January 05, 2011 Posted In Eco Edit This| Question # 1 of 15 ( Start time: 01:39:53 AM ) | Total Marks: 1 | ||||||||
| Which of the following events shifts the short-run aggregate supply curve to the right? | |||||||||
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| Question # 2 of 15 ( Start time: 01:41:19 AM ) | Total Marks: 1 | ||||||||
| This market situation is much like a pure monopoly except that its member firms tend to cheat on agreed price and output strategies. What is it? | |||||||||
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| Question # 3 of 15 ( Start time: 01:42:43 AM ) | Total Marks: 1 | ||||||||
| An indifference curve is: | |||||||||
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| Question # 4 of 15 ( Start time: 01:43:55 AM ) | Total Marks: 1 | ||||||||
| Which of the following is true about the total cost curve? | |||||||||
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| Question # 5 of 15 ( Start time: 01:45:10 AM ) | Total Marks: 1 | ||||||||
| If one firm increases its price, in the kinked demand curve model then: | |||||||||
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| Question # 6 of 15 ( Start time: 01:46:37 AM ) | Total Marks: 1 | ||||||||
| More output could be produced with available resources if: | |||||||||
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| Question # 7 of 15 ( Start time: 01:47:53 AM ) | Total Marks: 1 | ||||||||
| The point at which AC intersects MC is where: | |||||||||
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| Question # 8 of 15 ( Start time: 01:49:05 AM ) | Total Marks: 1 | ||||||||
| When the demand curve is downward sloping, marginal revenue is: | |||||||||
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| Question # 9 of 15 ( Start time: 01:50:04 AM ) | Total Marks: 1 | ||||||||
| In the long run, profits will equal zero in a competitive market because of: | |||||||||
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| Question # 10 of 15 ( Start time: 01:51:31 AM ) | Total Marks: 1 | ||||||||
| A person with a diminishing marginal utility of income: | |||||||||
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| Question # 11 of 15 ( Start time: 01:52:40 AM ) | Total Marks: 1 | ||||||||
| If a decrease in price increases total revenue: | |||||||||
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| Question # 12 of 15 ( Start time: 01:53:32 AM ) | Total Marks: 1 | ||||||||
| In the complete classical model, a rightward shift of the labor supply curve will: | |||||||||
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| Question # 14 of 15 ( Start time: 01:55:47 AM ) | Total Marks: 1 | ||||||||
| The concave shape of the production possibilities curve for two goods X and Y illustrates: | |||||||||
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| Question # 15 of 15 ( Start time: 01:57:00 AM ) | Total Marks: 1 | ||||||||
| If Competitive markets do not achieve equitable outcomes, then it is called: | |||||||||
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