We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Ecomonics - Questions - Assignment Example

Comments (0)
Eco501 Assignment Author’s Details: Institutional Affiliation: ECO501 ASSIGNMENT Part A: MULTIPLE CHOICE QUESTIONS Choose the one alternative that best completes the statement or answers the question 1) Two variables are positively related if  A) Increases in one are associated with decreases in the other.  B) Increases in one are associated with increases in the other.  C) Any change in one causes an increase in the other.  D) Any change in one causes a decrease in the other.  E) Decreases in one are associated with increases in the other…
Download full paper
Ecomonics Assignment - Questions
Read TextPreview

Extract of sample
Ecomonics - Questions

Download file to see previous pages... C) Zero opportunity cost. D) Constant opportunity cost. E) Infinite opportunity cost. 3) Which one of the following would lead to an increase in the demand for hamburgers? A) a rise in the price of French fries, a complement of hamburgers B) a decrease in consumer income if hamburgers are a normal good C) a news report that hamburgers can cause skin diseases D) a decrease in population size E) a new fad hamburger diet 4) The marginal cost (MC) curve intersects the  A) AVC and AFC curves at their minimum points.  B) TC and TVC curves at their minimum points.  C) ATC and AFC curves at their minimum points.  D) ATC, AVC, and AFC curves at their minimum points.  E) ATC and AVC curves at their minimum points. 5) Total cost is $20 at 4 units of output and $36 at 6 units of output. Between 4 and 6 units of output, marginal cost A) Equals average total cost.  B) Is less than average total cost.  C) is greater than average total cost.  D) Equals to average variable cost.  E) Equals average fixed cost. 6) Marginal cost ________. A) Increases at low outputs until it reaches its maximum value, then remains constant B) decreases at low outputs and increases at high outputs C) is constantly decreasing, but as output increases it decreases by smaller and smaller amounts D) is constantly increasing, but as output increases it increases by smaller and smaller amounts E) decreases at low outputs until it reaches its minimum value, then remains constant 7) A consumer choosing between apples and oranges is at her best affordable point. Then the price of apples decreases. If both apples and oranges are normal goods, which one of the following statements is true about her new best affordable point? She will consume more apples and fewer oranges.  B) She will consume more apples, and we cannot tell whether she will consume more or less oranges.  C) She will consume fewer apples and fewer oranges.  D) She will consume fewer apples and more oranges.  E) She will consume more apples and more oranges. 8) If income decreases, the budget line  A) becomes flatter.  B) Shifts leftward and parallel to the original budget line.  C) becomes steeper.  D) Shifts rightward and parallel to the original budget line.  E) Shifts parallel either leftward or rightward depending on whether the goods measured on the axes are normal or inferior. 9) A consumer's best affordable point occurs  A) at a point that cannot be determined.  B) Inside the budget line.  C) Outside the budget line.  D) On the budget line.  E) At a corner on the budget line, with only one good consumed. 10) Larry consumes only beer (B) and chips (C). If beer is measured on the vertical axis, the relative price of chips in terms of beer is all of the following except: A) the magnitude of the slope of the budget line B) equal to the opportunity cost of 1 bag of chips C) the real income in terms of beer D) PC/PB E) the inverse of the relative price of beer in terms of chips 11) When the price elasticity of demand is ________, demand for the good is elastic.  A) greater than 1 B) between 1 and zero C) equal to infinity D) equal to zero ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Assignment: Sociology Questions
The Process Theories of Mate Selection suggest the relationships start at a common point which could be similar attitudes and interests. As couples grow familiar and comfortable with each other, they will start to “flock together” as the saying goes. Similarities in values and behaviors develop good communication, and, relatively, increase the tendency to develop trust and influence favorable relationships between couples.
4 Pages(1000 words)Assignment
Evaluation Questions Assignment
Even though, evaluation offers clear indications of program achievements and successes, it does not, however, at all times provide useful information for planning and decision-making (Patton, 2001). Question 2 In need assessment, an issue that could be addressed is poor planning.
3 Pages(750 words)Assignment
Econ assignment- 6 questions
Here, in this case, autonomous consumption expenditures, autonomous investment totals, autonomous government expenditures and autonomous net export expenditures amounted to 5000, 500, 2000 and -600 respectively. Therefore, the equilibrium value of real income in this economy will be [5000+500+2000+(-600)] = 6900.
9 Pages(2250 words)Assignment
Assignment about two questions
The distribution terms of open source software must comply with certain terms which include free redistribution, free source code availability, must allow derived distribution under the same on source licence, The
4 Pages(1000 words)Assignment
International Law Questions Assignment
Corruption is a cancer that slowly eats the moral fiber of society. Corruption in a country is usually introduced by the country’s body politic and from there it percolates down to the rest of society. Once the corruption is in the body politic, it grows rapidly and infiltrates the other organs in the states.
2 Pages(500 words)Assignment
Assignment Questions
stomer and notify him/her about what has occurred, send the person a certified letter, hand over the bad check to the police agency, contact the collection agency for refund and then file a small claim in a law court (Peralta & Aquino, 2009). The instrument is negotiable
1 Pages(250 words)Coursework
As asserted, “social media and networking sites can be used for careers research, job seeking and to market yourself to future employers” (University of Kent Careers and Employability Service par. 1). For instance, a newly graduate with a degree in Business
1 Pages(250 words)Assignment
Questions assignment
use the sociological perspective is learning compassion and love for the society’s limitations in the sense that to have knowledge about all and understanding all is forgiving all. Lawler (2008) claims that viewing the society by the virtue of sociological imagination assists
1 Pages(250 words)Assignment
Final Assignment Questions
Such rights include patents rights, trademarks, copyrights and industrial design amongst others. These rights further ensure that the rightful owners of the inventions or the creations benefits
5 Pages(1250 words)Assignment
Assignment critical thinking questions
The next part deals with cost effectiveness and clinical effectiveness in a workplace and how one can evaluate its effectiveness in limiting cost. The
5 Pages(1250 words)Assignment
Let us find you another Assignment on topic Ecomonics Assignment - Questions for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us