中国大学MOOC: The mass production lower cost.
举一反三
- 中国大学MOOC: A profit-maximizing firm in a competitive market will increase production when average revenue exceeds marginal cost.
- 中国大学MOOC: A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue
- In short run the shutdown point is that point at which A: price equals marginal cost. B: average fixed cost equals marginal cost. C: average variable cost equals marginal cost. D: average total cost equals marginal cost.
- 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
- 中国大学MOOC: The principle of comparative advantage explains why France can produce white wine at a lower opportunity cost than the neighboring country of Germany.