举一反三
- When a nation requires fewer resources than another nation to produce a product, the nation is said to have a(n): A: Absolute advantage in the production of the product B: Comparative advantage in the production of the product C: Lower marginal rate of transformation for the product D: Lower opportunity cost of producing the product
- A competitive,<br/>profit-maximizing firm hires workers up to the point where<br/>the__________ A: marginal<br/>product equals zero. B: marginal<br/>revenue product equals zero. C: marginal<br/>product equals the nominal<br/>wage. D: value<br/>of the marginal product equals the wage.
- In a two product two country world, international trade can lead to increases in
- _______________ is when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market. A: trade barrier B: dumping C: tariff D: open border
- An import tariff will cause the terms of trade of the ________ country to ________ and will ________ the country.? importing; improve; harm|importing; improve; benefit|exporting; improve; harm|exporting; improve; benefit
内容
- 0
The cost of the product fluctuated slightly over the period.____ in the price of the product over the period.
- 1
Producer surplus is equal to: A: the difference between the highest market price consumers are willing to pay for a product and the minimum amount producers are willing to accept for that product. B: the difference between the market price consumers are willing to pay for a product and the actual price they pay. C: the price a producer receives for a product minus the marginal cost of production. D: the economic profit earned from the sale of a good, minus its marginal cost of production.
- 2
Compared with the traditional design, the design scope of DFE will A: Be reduced from the whole life cycle of the product to the product itself B: Be extended from the product itself to the whole life cycle of the produc C: Be traced from the product itself back to the raw material acquisition D: Be extended from the product itself to the end-of-life and recycling of the product
- 3
Where a specific product is the cost object, the materials used to manufacture the product would probably be classified as a(n):
- 4
A firm will hire a worker whenever that worker's marginal product of labor is:() A: greater<br/>than the marginal product of labor for the next best worker. B: less<br/>than the marginal product of labor for the next best worker. C: greater<br/>than the worker's wage. D: less<br/>than the worker's wage.