快速查题-ACCA英国注册会计师试题

Chapter1-4

Chapter5-8

Chapter9-11

Chapter12-14

Chapter15-17

Chapter18-19

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The demand curve for a resource may shift because of

A change in the demand for a good whose production is dependent on the resource

Concerns about potential harmful pollution from the resource

A change in the price of a substitute resource

All of the above

The income elasticity of demand for a product is high. This means that

Sales will fall only slightly when incomes of households fall

Sales will rise sharply when incomes of households rise

The good is an inferior good

Using the point method, what is the price elasticity of demand of product X as price falls from its current price of $20 to $15?

Old New

Price 20 15

Quantity 10 15

0.5

1.5

Consumer surplus is：

The excess between what consumers are prepared to pay for a good or service, and the prevailing market price

The indirect tax producers pay on a good or service

The marginal utility gained by consuming one more unit of a good or service

The indirect tax consumers pay on a good or service

Which combination of demand and supply curves would be appropriate for a firm attempting to increase its profits by increasing its market share?

Inelastic demand, inelastic supply

Elastic demand, elastic supply

Inelastic demand, elastic supply

Elastic demand, inelastic supply

If the absolute value of the price elasticity of demand for dry white wine is greater than one, a decrease in the price of all wine would result in：

A more than proportional decrease in the quantity of dry white wine purchased

A less than proportional decrease in the quantity of dry white wine purchased

A less than proportional increase in the quantity of dry white wine purchased

A more than proportional increase in the quantity of dry white wine purchased

Mr Smith has a limited income which restricts the number of different goods he can buy. Which one of the following best describes the position at which Mr Smith's utility from purchasing different goods is maximised?

Marginal utility from each good is equal

Marginal utility from each good is 0

Ratio of marginal utility to price is equal for each good