Scenario 1 Senario 1 The demand for books is:Qd = 120 - P Permintaan untuk buku adalah The supply of books is:Qs = 5P Penawaran untu buku adalah Refer to Scenario 1. What is the equilibrium quantity of books? Merujuk kepada Senario 1. Apakah kuantiti keseimbangan bagi buku? O a. 120 O b. 90 O C. 80 O d. 100forminto=GBM-a51HDLQngNnpVkgNq1BQQQHai2uGmKP-1SJGUN1Fn8HT1qONe1TRDSBvHSbJTmPh8DXQEBzCfea Assume that milk is an inferior good. If the price of milk falls, then the substitution effect results in the person buying of the milk and the income effect results in the person buying of the milk_ Andaikan bahawa susu adalah barangan inferior. Jika harga susu jatuh, maka kesan penggantian mengakibatkan orang yang membeli susu dan kesan pendapatan menyebabkan orang membeli susu_ O a. more, more lebin, lebin O b. less, less kurang, kurang O c. less, more kurang, lebin O d. more, less lebin, kurang Next pageRefer to figure below, which monopoly has greater monopoly power? Berdasarkan rajah diatas, monopoli yang manakah mempunyai kuasa monopoli yang lebin besar? MC. AR MIC. X AR MR Quantity Quantity (2) (b) O a. The monopoly in panel (a). Monopoli di panel (a). O b. Both firms charge the same market power. Kedua-dua firma mengenakan kuasa pasaran yang sama. O c. The monopoly in panel (b). Monopoli di panel (b). O d. Cannot tell from this figure. lalui rajah ini.Refer to figure below, the firm in this situation should decide to: Berdasarkan rajah dibawah, firma dalam situasi begini perlu membuat keputusan untuk: Price (dollars per unit of MC output) -P = MR AVC Output a. produce or shut down, with the same outcome. manghasilkan barangan atau tutup, dengan keputusan yang sama. O b. produce at a loss. menghasilkan keluaran dalam kerugian. O c. shut down. tutup. O d. produce and earn the resulting profit. menghasilkan barangan dan mendapatkan hasil keuntungan.The transformation curve is derived from the Keluk transformasi diperoleh daripada O a. production contract curve keluk kontrak pengeluaran O b. social welfare function fungsi kebajikan sosial O c. Consumption curve Keluk penggunaan O d. Utility possibility curve Keluk kemungkinan utilitiAssume that iPhone is a normal good. If the price of iPhone rises, then the substitution effect results in the person buying of the iphone_and the income effect results in the person buying of the iphone Andaikan bahawa iPhone adalah barangan biasa. Jika harga iPhone naik, maka kesan penggantian mengakibatkan orang yang membeli iphone_ dan kesan pendapatan menyebabkan orang membeli iphone O a. Less, less Berkurang, berkurang O b. Less, more Berkurang, bertambah O c. More, more Betambah, bertambah O d. More, less Bertambah, berkurang Next pageIf cross elasticity of one commodity for another turns out to be zero, it means they are Jika keanjalan silang satu komoditi dengan komoditi lain ternyata sifar, bermakna ia adalah O a. completely unrelated langsung tidak berkaitan O b. good complements pelengkap yang baik O c. close substitutes pengganti rapat O d. None of the above Tiada satu pun diatasReferring to figure below, the points A, B and C in the figure correspond, in that order, to: Merujuk kepada rajah dibawah, titik A,B dan C didalam rajah tersebut sepadan, dalam susunan: - Firm 2's Reaction Curve 15 10 7.5 Firm I's Reaction Curve 30 Qa O a. Cournot, collusion, and competitive equilibrium. Cournot, pakatan, dan keseimbangan bersaing. O b. competitive, collusion, and Cournot equilibrium. bersaing, pakatan dan keseimbangan Cournot. O c. collusion, Cournot, and competitive equilibrium. pakatan, Cournot, dan keseimbangn bersaing. O d. competitive, Cournot, and collusion equilibrium. bersaing, Cournot, dan keseimbangan pakatan.Suppose a manufacturing firm learn that its annual property tax payment will decrease, we would depict this by_ Katakan firma perkilangan mengetahui bahawa pembayaran cukai harta tahunannya akan berkurangan, kita akan menggambarkannya dengan_ O a. shifting the average fixed cost, the marginal cost and average cost curves up mengalihkan kos tetap purata, kos marginal dan keluk kos purata naik O b. shifting the marginal cost, the average total cost and the average fixed cost curve down mengalihkan kos marginal, jumlah kos purata dan keluk kos tetap purata ke bawah O c. shifting the marginal cost, the average variable cost and the average fixed cost curves down mengalinkan kos marginal, kos berubah purata dan keluk kos tetap purata ke bawah O d. shifting the average total cost and the average fixed cost curve down mengalinkan jumlah kos purata dan keluk kos tetap purata ke bawahIf prices and income in a two-goods increase double, what will happen to the budget line? lika harga dan pendapatan dalam dua barangan meningkat dua kali ganda, apa yang akan berlaku kepada garis bajet? O a. The intercepts of the budget line will increase. Pintasan garis belanjawan akan meningkat. O b. The intercepts of the budget line will decrease. Pintasan garis belanjawan akan berkurangan. O c. The slope of the budget line may either increase or decrease. Cerun garis belanjawaan berkemungkinan meningkat atau menurun. O d. There will be no effect on the budget line. Tiada kesan ke atas garis belanjawanReferring to figure below, when the firm charges the reservation price to each consumer, the additional profit equals area: Dengan merujuk kepada rajah diatas, apabila firma mengenakan harga tempahan terhadap setiap pelanggan, keuntungan tambahan bersamaan kawasan: DEAR Quantity O a. C O b. C+D Oc. A O d. B