Microeconomics 101 Quiz!

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1. You sadly have to drive to a customer's funeral. He choked on a misplaced banana peel and now for publicity's sake you must attend the funeral. The gas that you put in your car is an... because no matter what the price the demand will remain the same.
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Microeconomics 101 Quiz! - Quiz

Welcome to Macroeconomics 101 Quiz! If you’ve been tasked with diving into the study of microeconomics, then don’t fret. This quiz was developed just for people like you, who might find it difficult to come to grips with the study by which we analyze how firms and individuals decide to... see moreallocate scarce resources. Why don’t you take the quiz and see how much you know about it starting off? We’ll guide you through it!
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2. You are a business owner and you have decided that even though your banana pies are delicious there needs to be a maximum price set for the distribution of your pies. This is an example of a...
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3. If your banana pies are elastic then as you raise the price the demand will...
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4. As you make more money you buy more things. This can be referred to as the...
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5. You are about to open your banana pie shop. You have purchased bananas and whip cream. You pay rent for the building and you pay for the electricity to run the building every month. Which of these is a short run cost?
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6. You are a business owner and you have decided that you must produce 20 banana pies every week. This is an example of setting a:
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7. Price Control involves...
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8. Marginal return involves how much your income is effected when...
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  • Current Version
  • Dec 18, 2020
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 05, 2009
    Quiz Created by
    Mackeem
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You sadly have to drive to a customer's funeral. He choked on a...
You are a business owner and you have decided that even though your...
If your banana pies are elastic then as you raise the price the demand...
As you make more money you buy more things. This can be referred to as...
You are about to open your banana pie shop. You have purchased bananas...
You are a business owner and you have decided that you must produce 20...
Price Control involves...
Marginal return involves how much your income is effected when...
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