Supply & Demand Mcqs

Q.  The extra utility from consuming one more unit of a good is called ?

a. Marginal utility
b. Additional utility
c. Surplus utility
d. Bonus utility


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  An increase in income should ?
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MCQs:  According to the law of diminishing utility ?
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MCQs:  A fall in price ?
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MCQs:  When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as ?
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MCQs:  If the cross-price elasticity of demand between two goods is negative, then the two goods are ?
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MCQs:  The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ?
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MCQs:  The price of apples falls by 5% and quantity demanded increases by 6% This means that demand is ?
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MCQs:  A movement along the demand curve to the left may be caused by ?
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MCQs:  An increase in aggregate demand if aggregate supply is totally inelastic will ?
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MCQs:  When excess demand occurs in an unregulated market, there is a tendency for ?
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MCQs:  Which of the following is consistent with the law of supply ?
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MCQs:  If the demand for coffee decreases as income decreases, coffee is ?
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MCQs:  When the decrease in the price of one good causes the demand for another good to decrease, the goods are_________?
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MCQs:  The quantity demanded of Pepsi has decreased. The best explanation for this is that ?
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MCQs:  The Setrite Corporation produce chairs. An economist working for the firm predicts that if people’s incomes rise next year, then the demand for our chairs will for our chairs will increase ceteris paribus The accuracy of the economist’s prediction depends on whether the chairs Setrite Produce ?
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MCQs:  If both marginal cost and marginal revenue increase, a firm ?
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MCQs:  A firm that breaks even after all economic costs are paid is earning ?
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MCQs:  If a firm wage costs increase this will cause __________ and __________?
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MCQs:  Profits are maximized when ?
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MCQs:  The increase in total cost when one more unit is produced is known as ?
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