Managerial Economics And Business Strategy 9th Edition -Books Download

Managerial Economics and Business Strategy 9th Edition
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Chapter 02 Market Forces Demand and Supply, 1 In a competitive market the market demand is Qd 60 6P and the market supply is Qs. 4P A price ceiling of 3 will result in a,A shortage of 30 units. B shortage of 15 units,C surplus of 30 units,D surplus of 12 units. Learning Objective 02 04,Topic Price Restrictions and Market Equilibrium. Blooms Apply,AACSB Analytical Thinking,Difficulty 02 Medium.
2 In a competitive market the market demand is Qd 60 6P and the market supply is Qs. 4P The full economic price under a price ceiling of 3 is. Learning Objective 02 04,Topic Price Restrictions and Market Equilibrium. Blooms Apply,AACSB Analytical Thinking,Difficulty 03 Hard. 3 The buyer side of the market is known as the,A income side. B demand side,C supply side,D seller side,Learning Objective 02 01. Topic Demand,Blooms Remember,AACSB Knowledge Application.
Difficulty 01 Easy, 4 The law of demand states that holding all else constant. A as price falls demand will fall also,B as price rises demand will also rise. C price has no effect on quantity demanded,D as price falls quantity demanded rises. Learning Objective 02 01,Chapter 02 Market Forces Demand and Supply. Topic Demand,Blooms Remember,AACSB Knowledge Application.
Difficulty 01 Easy, 5 Which of the following would NOT shift the demand for good A. A Drop in price of good A,B Drop in price of good B. C Consumer income,D Change in the level of advertising of good A. Learning Objective 02 01,Topic Demand,Blooms Understand. AACSB Knowledge Application,Difficulty 02 Medium, 6 Changes in the price of good A lead to a change in.
A demand for good A,B demand for good B,C the quantity demanded for good A. D the quantity demanded for good B,Learning Objective 02 01. Topic Demand,Blooms Understand,AACSB Knowledge Application. Difficulty 02 Medium,7 A change in income will NOT lead to. A a movement along the demand curve,B a leftward shift of the demand curve.
C a rightward shift of the demand curve, D All of the statements associated with the question are correct. Learning Objective 02 01,Topic Demand,Blooms Understand. AACSB Knowledge Application,Difficulty 02 Medium,Chapter 02 Market Forces Demand and Supply. 8 If good A is an inferior good an increase in income leads to. A a decrease in the demand for good B,B a decrease in the demand for good A. C an increase in the demand for good A,D no change in the quantity demanded for good A.
Learning Objective 02 01,Topic Demand,Blooms Remember. AACSB Knowledge Application,Difficulty 01 Easy, 9 Which of the following is probably NOT a normal good. A Designer dresses,C Macaroni and cheese,D Expensive automobiles. Learning Objective 02 01,Topic Demand,Blooms Understand. AACSB Knowledge Application,Difficulty 02 Medium, 10 An increase in the price of steak will probably lead to.
A an increase in demand for chicken,B an increase in demand for steak. C no change in the demand for steak or chicken,D an increase in the supply for chicken. Learning Objective 02 01,Topic Demand,Blooms Understand. AACSB Knowledge Application,Difficulty 02 Medium, 11 Which of the following pairs of goods are probably complements. A Televisions and roller skates,B Frozen yogurt and ice cream.
C Steak and chicken,D Hamburgers and ketchup,Learning Objective 02 01. Topic Demand,Blooms Understand,Chapter 02 Market Forces Demand and Supply. AACSB Knowledge Application,Difficulty 02 Medium, 12 If A and B are complements an increase in the price of good A would. A have no effect on the quantity demanded of B,B lead to an increase in demand for B. C lead to a decrease in demand for B, D None of the statements associated with this question are correct.
Learning Objective 02 01,Topic Demand,Blooms Remember. AACSB Knowledge Application,Difficulty 01 Easy, 13 Graphically a decrease in advertising will cause the demand curve to. A become steeper,B shift rightward,C become flatter. D shift leftward,Learning Objective 02 01,Topic Demand. Blooms Understand,AACSB Knowledge Application,Difficulty 02 Medium.
14 Persuasive advertising influences demand by, A providing information about the availability of a product. B offering reduced prices for the product,C altering the underlying tastes of consumers. D None of the statements are correct,Learning Objective 02 01. Topic Demand,Blooms Understand,AACSB Knowledge Application. Difficulty 02 Medium,Chapter 02 Market Forces Demand and Supply.
15 Which of the following can explain an increase in the demand for housing in retirement. communities,A A drop in real estate prices,B An increase in the population of the elderly. C A drop in the average age of retirees,D Mandatory government legislation. Learning Objective 02 01,Topic Demand,Blooms Understand. AACSB Knowledge Application,Difficulty 02 Medium, 16 The demand function recognizes that the quantity of a good consumed depends on. A the prices of other goods only,B price and supply shifters.
C demand shifters and price,D demand shifters only. Learning Objective 02 01,Topic Demand,Blooms Remember. AACSB Knowledge Application,Difficulty 01 Easy, 17 Suppose the demand for good X is given by Qdx 10 axPx ayPy aMM From the law. of demand we know that ax will be,A less than zero. B greater than zero, D None of the statements associated with this question are correct.
Learning Objective 02 01,Topic Demand,Blooms Understand. AACSB Knowledge Application,Difficulty 02 Medium, 18 Suppose the demand for good X is given by Qdx 10 axPx ayPy aMM If ay is. positive then,A goods y and x are complements,B goods y and x are inferior goods. C goods y and x are normal goods,D goods y and x are substitutes. Chapter 02 Market Forces Demand and Supply,Learning Objective 02 01.
Topic Demand,Blooms Understand,AACSB Knowledge Application. Difficulty 02 Medium, 19 Suppose the demand for good X is given by Qdx 10 axPx ayPy aMM If aM is. negative then good y is,A a normal good,B an inferior good. C a complement,D a substitute,Learning Objective 02 01. Topic Demand,Blooms Understand,AACSB Knowledge Application.
Difficulty 02 Medium, 20 Suppose the demand for good X is given by Qdx 10 2Px Py M The price of good. X is 1 the price of good Y is 10 and income is 100 Given these prices and income how. much of good X will be purchased, D None of the statements associated with this question are correct. Learning Objective 02 01,Topic Demand,Blooms Apply. AACSB Analytical Thinking,Difficulty 02 Medium, 21 Other things held constant the greater the price of a good. A the lower the demand,B the higher the demand,C the greater the consumer surplus.
D the lower the consumer surplus,Learning Objective 02 02. Topic Demand,Blooms Understand,AACSB Knowledge Application. Difficulty 02 Medium,Chapter 02 Market Forces Demand and Supply. 22 The curve which summarizes the total quantity producers are willing and able to produce. at differing prices is the,A market demand curve,B consumer surplus curve. C average cost curve,D market supply curve,Learning Objective 02 01.
Topic Supply,Blooms Remember,AACSB Knowledge Application. Difficulty 01 Easy, 23 The law of supply states that holding all else constant as the price of a good falls. A quantity demanded rises,B quantity supplied falls. C quantity supplied rises,D quantity demanded falls. Learning Objective 02 01,Topic Supply,Blooms Remember.
AACSB Knowledge Application,Difficulty 01 Easy, 24 The economic principle that producers are willing to produce more output when price is. high is depicted by the,A upward slope of the supply curve. B extreme steepness of the supply curve,C downward slope of the supply curve. D interaction of the supply and demand curves,Learning Objective 02 01. Topic Supply,Blooms Understand,AACSB Knowledge Application.
Difficulty 02 Medium,Chapter 02 Market Forces Demand and Supply. 25 For a steel factory a decrease in the cost of electricity to the plant will cause the supply. A become flatter,B shift to the left,C shift to the right. D become parallel to the price axis,Learning Objective 02 01. Topic Supply,Blooms Understand,AACSB Knowledge Application. Difficulty 02 Medium,26 Changes in the price of a good lead to.
A changes in the quantity supplied of the good,B changes in supply. C changes in demand,D no effects in quantity supplied or demanded. Learning Objective 02 01,Topic Supply,Blooms Remember. AACSB Knowledge Application,Difficulty 01 Easy, 27 Technological advances will cause the supply curve to. A shift to the left,B shift to the right,C become flatter.
D become steeper,Learning Objective 02 01,Topic Supply. Blooms Remember,AACSB Knowledge Application,Difficulty 01 Easy. 28 An ad valorem tax causes the supply curve to,A shift to the right. B become flatter,C become steeper,D shift to the left. Learning Objective 02 04,Topic Supply,Blooms Remember.
Chapter 02 Market Forces Demand and Supply,AACSB Knowledge Application. Difficulty 02 Medium, 29 Suppose the supply of good X is given by Qsx 10 2Px How many units of good X are. produced if the price of good X is 20, D None of the statements associated with this question are correct. Learning Objective 02 01,Topic Supply,Blooms Apply. AACSB Analytical Thinking,Difficulty 01 Easy, 30 If a shortage exists in a market the natural tendency is for.
A demand to increase,B price to increase,C quantity supplied to decrease. D no change to occur in the market,Learning Objective 02 03. Topic Market equilibrium,Blooms Understand,AACSB Knowledge Application. Difficulty 02 Medium, 31 Suppose market demand and supply are given by Qd 100 2P and Qs 5 3P The. equilibrium price is,Learning Objective 02 03,Topic Market equilibrium.
Blooms Apply,AACSB Analytical Thinking,Difficulty 02 Medium. Chapter 02 Market Forces Demand and Supply, 32 Suppose market demand and supply are given by Qd 100 2P and Qs 5 3P The. equilibrium quantity is,Learning Objective 02 03,Topic Market equilibrium. Blooms Apply,AACSB Analytical Thinking,Difficulty 02 Medium. 33 The maximum legal price that can be charged in a market is. A a price floor,B an ad valorem tax,C the market equilibrium price.
D a price ceiling,Learning Objective 02 04,Topic Price restrictions and market equilibrium. Blooms Remember,AACSB Knowledge Application,Difficulty 01 Easy. 34 Suppose market demand and supply are given by Qd 100 2P and Qs 5 3P If a. price ceiling of 15 is imposed,A there will be a surplus of 40 units. B there will be neither a surplus nor a shortage,C there will be a shortage of 40 units. D there will be a shortage of 20 units,Learning Objective 02 04.
Topic Price restrictions and market equilibrium,Blooms Apply. AACSB Analytical Thinking,Difficulty 02 Medium, 35 Suppose market demand and supply are given by Qd 100 2P and Qs 5 3P If a. price ceiling of 15 is imposed what will be the resulting full economic price. Chapter 02 Market Forces Demand and Supply,Learning Objective 02 04. Topic Price restrictions and market equilibrium,Blooms Apply. AACSB Analytical Thinking,Difficulty 02 Medium, 36 The minimum legal price that can be charged in a market is.
A a price floor,B a price ceiling,C non pecuniary price. D full economic price,Learning Objective 02 04,Topic Price restrictions and market equilibrium. Blooms Remember,AACSB Knowledge Application,Difficulty 01 Easy. 37 Suppose market demand and supply are given by Qd 100 2P and Qs 5 3P If a. price floor of 30 is set what will be size of the resulting surplus. Learning Objective 02 04,Topic Price restrictions and market equilibrium. Blooms Apply,AACSB Analytical Thinking,Difficulty 02 Medium.
38 Suppose market demand and supply are given by Qd 100 2P and Qs 5 3P If the. government sets a price floor of 30 and agrees to purchase all surplus at 30 per unit the. total cost to the government will be,Learning Objective 02 04. Topic Price restrictions and market equilibrium,Blooms Apply. AACSB Analytical Thinking,Difficulty 02 Medium,Chapter 02 Market Forces Demand and Supply. 39 If steak is a normal good what do you suppose would happen to price and quantity during. an economic recession,A Price would increase and quantity decrease. B Price and quantity would both increase,C Price and quantity would both decrease.
D Price would decrease and quantity increase,Learning Objective 02 03. Topic Comparative statics,Blooms Understand,AACSB Knowledge Application. Difficulty 02 Medium, 40 Suppose you produce wooden desks and government legislation protecting the spotted. owl has made it more expensive for you to purchase wood What do you expect to happen to. the equilibrium price and quantity of wooden desks. A Price and quantity will increase,B Price will increase but quantity will decrease. C Price and quantity will decrease,D Price will decrease but quantity will increase.
Learning Objective 02 03,Topic Comparative statics. Blooms Analyze,AACSB Analytical Thinking,Difficulty 02 Medium. 41 Suppose that supply increases and demand decreases What effect will this have on price. and quantity, A Price will increase and quantity may rise or fall. B Price will decrease and quantity will increase,C Price will decrease and quantity will decrease. D None of the statements associated with this question are correct. Learning Objective 02 03,Topic Comparative statics.
Blooms Apply,AACSB Analytical Thinking,Difficulty 03 Hard. Chapter 02 Market Forces Demand and Supply, 42 Suppose both supply and demand decrease What effect will this have on price. A It will fall,B It will rise,C It may rise or fall. D It will remain the same,Learning Objective 02 03. Topic Comparative statics,Blooms Apply,AACSB Analytical Thinking.
Difficulty 03 Hard, 43 The law of demand states that if the price of a good falls and all other things remain the. A quantity demanded for the good falls,B quantity demanded for the good rises. C demand for the good rises, D All of the statements associated with this question are correct. Learning Objective 02 01,Topic Demand,Blooms Remember. AACSB Knowledge Application,Difficulty 01 Easy,44 Demand shifters do NOT include.
A the price of the good,B the consumer s income,C the level of advertising. D the price of the other goods,Learning Objective 02 01. Topic Demand,Blooms Remember,AACSB Knowledge Application. Difficulty 01 Easy,45 Changes in the prices of other goods lead to. A a change in quantity demanded,B a change in demand.
C no change in the demand curve,D a movement along the demand curve. Learning Objective 02 01,Topic Demand,Blooms Understand. Chapter 02 Market Forces Demand and Supply,AACSB Knowledge Application. Difficulty 1 Easy, 46 Good X is a normal good if an increase in income leads to. A an increase in the supply for good X,B an increase in the demand for good X.
C a decrease in the demand for good X,D a decrease in the supply for good X. Learning Objective 02 01,Topic Demand,Blooms Remember. AACSB Knowledge Application,Difficulty 01 Easy, 47 Which of the following is LEAST likely to be a normal good. B Airline travel,Learning Objective 02 01,Topic Demand. Blooms Understand,AACSB Knowledge Application,Difficulty 02 Medium.
48 Suppose good X is a normal good Then a decrease in income would lead to. A an outward shift of the demand curve,B an inward shift of the demand curve. C no shift of the demand curve,D a movement along the demand curve. Learning Objective 02 01,Topic Demand,Blooms Understand.


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