Managerial Economics and Marketing Structure - Economics Assignment Help

Assignment Task

Task
The Microeconomic study the behavior of the 

• The individual.
• The market.
• The business
• All of the above

One aspect of the market structure is the

• Price determination
• Market equilibrium
• Firm boundaries
• Government regulations

Economics

• the limited nature of society's resources
• the property of society getting the most it can from its scarce resources
• something that induces a person to act
• the study of how society manages its scarce resources

A Supply curve shows the relationship between price and

• Direct, Income.
• Inverse, Quantity Supply.
• Direct, Consumption.
• Direct, the amount that producer would like to produce.

Factor affect the demand curve and lead to change in the Demand

• Price of that product
• Size of market
• All of the above
• None of the above

If the price level over the equilibrium point, this mean
a. Amount of demand equal to amount of supply.
b. Amount of demand greater that amount of supply.
c. Amount of demand less than the amount of supply.
d. All of the above are correct.

The price will rise and the equilibrium quantity might increase, decrease, or stay the same when the
A)demand and the supply of a good both increase.
B)demand for a good increases and the supply of it decreases.
C)demand for a good decreases and the supply of it increases.
D)demand and the supply of a good both decrease.

The price will fall and the equilibrium quantity might increase, decrease, or stay the same when the
A)demand and the supply of a good both increase.
B)demand for a good increases and the supply of it decreases.
C)demand for a good decreases and the supply of it increases.
D)demand and the supply of a good both decrease.



The above figure shows the market for pizza. Which figure shows the effect of a decrease in the price of a pizza substitute such as hamburgers?
A)Figure A.
B)Figure B.
C)Figure D.
D)Figures B and C.


The above figure shows the market for pizza. Which figure shows the effect of an increase in the price of a complement such as soda?
A)Figure A.
B)Figure B.
C)Figure C.
D)Figure D.
The above figure shows the market for pizza. Which figure shows the effect of an increase in the price of a substitute such as sandwiches?
A)Figure A.
B)Figure B.
C)Figure C.
D)Figure D.

The above figure shows the market for pizza. Which figure shows the effect of an increase in the price of the tomato sauce used to produce pizza?
A)Figure A.
B)Figure B.
C)Figure C.
D)Figure D.
 

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