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FECT综合(现代金融业务)
When an industry is classified as oligopolistic, it consists of______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
61
0
The firm in a perfectly competitive market is a price taker. This designation as a price taker is based on the assumption that__
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
43
0
A merger in which firms at various stages in a production process combine is a______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
54
0
If the quantity demanded of beef increases by 5% when the price of chicken increases by 20%, the cross-price elasticity of deman
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
73
0
Diminishing marginal returns imply______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
46
0
A firm has a variable cost of $100 at 5 units of output. If fixed costs are $40, what will be the average total cost at 5 units
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
32
0
A firm’s average total cost is $30 at 5 units of output and $32 at 6 units of output. The marginal cost of producing the 6th uni
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
34
0
The difference between average total cost and average variable cost______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
33
0
Market failure may be caused by the following factors except______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
40
0
Public goods______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
29
0
If one person’s enjoyment of the benefits of a good does not reduce the quantity consumed by others, the good is said to be_____
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
37
0
By "consumer surplus", economists mean______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
45
0
Substitution and income effects of a change in the price of a good may help explain the ______relationship between______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
38
0
What effect is working when the price of a good falls and consumers tend to buy it instead of other goods?______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
37
0
The price elasticity of demand for hamburger is______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
32
0
Given the following four possibilities, which one results in an increase in total consumer expenditures? Demand is______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
46
0
The price of hot dogs increases by 22% and the quantity of hot dogs demanded falls by 25%. This indicates that demand for hot do
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
39
0
If a good is a luxury, its income elasticity of demand is______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
54
0
Market efficiency refers to______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
40
0
The "law of demand" implies that as prices______.
FECT综合(现代金融业务)
金融英语(FECT)
admin
2011-1-24
36
0
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