2168620
Questão 1
Questão
Marginal product is?
Responda
-
the change in total product divided by the change in quantity of labor
-
total product divided by the quantity of labor
-
always positive
-
unrelated to total product
Questão 2
Questão
the marginal cost curve first declines and then increases because of...?
Responda
-
increasing, then diminishing, marginal utility
-
the decline in the gap between ATC and AVC as output expands
-
increasing, then diminishing, marginal returns
-
constant marginal revenue
Questão 3
Questão
The vertical distance between ATC and AVC measures:
Responda
-
marginal cost
-
total fixed cost
-
average fixed cost
-
economic profit per unit
Questão 4
Questão
ATC is:
Responda
-
AVC-AFC
-
MC+AVC
-
AFC+AVC
-
(AFC+AVC)+Q
Questão 5
Questão
when the marginal cost curve lies:
Responda
-
above the ATC curve, ATC rises
-
above the AVC curve, ATC rises
-
below AVC curve, total fixed cost increases
-
below the ATC curve, total fixed cost falls
Questão 6
Questão
the long run ATC curve is often called the firm's....?
Responda
-
planning curve
-
capital-expansion path
-
total product curve
-
production possibilities curve
Questão 7
Questão
Curve MR is horizontal because:
Responda
-
product price falls as output increases
-
the law of diminishing marginal utility is at work
-
the market demand for this product is perfectly elastic
-
the firm is a price taker
Questão 8
Questão
at a price of $131 and 7 unites of output:
Responda
-
MR exceeds MC, and the firm should expand its output
-
total revenue is less than total cost
-
AVC exceeds ATC
-
the firm would earn only a normal profit
Questão 9
Questão
in maximizing profits at 9 units of output, this firm is adhering to which of the following decision rules?
Responda
-
produce where MR exceeds MC by the greatest amount
-
produce where P exceeds ATC by the greatest amount
-
Produce where total revenue exceeds total cost by the greatest amount
-
produce where average fixed costs are zero
Questão 10
Questão
suppose price declined from $131 to $100. this firm's...?
Responda
-
Marginal-cost curve would shift downward
-
economic profit would fall to zero
-
profit-maximizing output would decline
-
total cost would fall by more than its total revenue
Questão 11
Questão
we know the firm is a price taker because:
Responda
-
its MC curve slopes upward
-
its ATC curve is U shaped
-
its MR curve is horizontal
-
MC and ATC are equal at the profit-maximizing output
Questão 12
Questão
the equality that Price (P), Marginal Cost (MC), and minimum Average Total Cost (ATC):
Responda
-
occurs only in constant-cost industries
-
encourages entry of new firms
-
means the "right goods" are being produced in the "right ways"
-
results in a zero accounting profit
Questão 13
Questão
when P=MC=lowest ATC for individual firms, in the market:
Responda
-
consumer surplus necessarily exceeds producer surplus
-
consumer surplus plus producer surplus is at a maximum
-
producer surplus necessarily exceeds consumer surplus
-
supply and demand are identical
Questão 14
Questão
which of the following pairs are both "competition-like elements" in monopolistic competition?
Responda
-
price exceeds MR; standardized product
-
entry is relatively easy; only a normal profit in the long run
-
price equals MC at the profit maximizing output; economic profits are likely in the long run
-
the firms' demand curve is downsloping; differentiated products
Questão 15
Questão
check all that apply to Pure monopoly
Responda
-
sole supplier of a product
-
one of many suppliers of the same product
-
easy entry
-
difficult entry
-
Unique product
-
product has many close substitutes
-
price maker
-
price taker
-
a pure monopoly will be less efficient than pure competition
-
a pure monopoly will be more efficient than a pure competition
Questão 16
Questão
check all that apply to Monopolistic competion
Responda
-
the only firm or sole supplier of a product
-
one of many firms or suppliers of a product
-
easy entry and exit
-
difficult entry and exit
-
standardized product
-
differentiated product
-
Price maker
-
Price taker
-
efficient
-
not efficient
Questão 17
Questão
check all that apply to oligopoly
Responda
-
one of many suppliers or firms
-
one of few suppliers or firms
-
easy entry
-
difficult entry
-
price maker
-
price taker
-
efficient
-
inefficient
Questão 18
Questão
check all that apply to Pure competition
Responda
-
one of many firms or suppliers
-
one of few suppliers or firms
-
standardized product
-
differentiated product
-
price maker
-
price taker
-
easy entry
-
difficult entry
Quer criar seus próprios Quizzes gratuitos com a GoConqr? Saiba mais.