BA1 Exam Dumps - CIMA Certificate Questions and Answers

Greater opportunities for technological change

The ability to spread some marketing cost over a larger output

The ability to employ specialist managers

Access to cheaper finance

of the operation of diminishing returns to a fixed factor

of the effect of diseconomies of scale

over time the price of purchased inputs rises

in the long run all costs are variable costs

No charge is made for it by its supplier

Its provision is financed by taxation

It is produced from renewable resources

It is available at zero cost of production in unlimited quantities

Signaling changes in consumer tastes

Causing supply to respond to changes in demand

Eliminating excess supply and demand

Ensuring a socially fair distribution of goods and services

Economic welfare always increases

The problem of government failure may result

In all cases the market mechanism ceases to function

The intervention always creates a surplus

The demand curve to the right

The supply curve to the right

The demand curve to the left

The supply curve to the left

An increase in the size of a firm's capacity and plant

A bus company replacing smaller buses with larger buses

A factory employing two shifts of workers rather than one shift per day

Increased firm size allowing the firm to employ specialist managers

Basel 3

GATT

G20

Competition Act

It is the price at which Marginal Revenue is zero

At this price, the price elasticity of demand will be unity (i.e. equal to 1)

This price will ensure the promoter covers the cost of the concert

This is the price which maximizes the revenue the promoter earns from the concert

Higher capital adequacy ratios for commercial banks

A reduction in the required liquidity ratio for commercial banks

The merging of retail and investment banking

The purchase of bank shares by the government