举一反三
- Which type of profit maximizing firm will choose to produce where marginal revenue equals marginal cost?
- A competitive firm maximizes profit by choosing the quantity at which ( ) A: average total cost is at its minimum. B: marginal cost equals the price. C: average total cost equals the price. D: marginal cost equals average total cost.
- 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.
- To maximize profit, the monopolist produces on the ________ portion of the demand curve where ________. A: elastic; price equals marginal cost B: elastic; marginal revenue equals marginal cost C: inelastic; price equals marginal revenue D: inelastic; marginal revenue equals marginal cost
- Monopolists will maximize profit by producing at an output level where which of the following conditions exists（） A: Price = marginal revenue = marginal cost. B: Price = demand = marginal revenue = marginal cost. C: Marginal revenue = marginal cost ＜ price.
内容
- 0
Shadow price is actually a marginal price. ( ）
- 1
The supply curve slopes upward when graphed against ________, because of ________. A: the price of the good; increasing marginal cost B: the price of the good; decreasing marginal cost C: income; increasing marginal cost D: income; decreasing marginal cost
- 2
The minimum supply price, the lowest price at which a producer is willing to supply an additional unit of a good, is: A: less than the marginal revenue for the additional unit. B: the price at which producer surplus is maximized. C: the marginal cost of producing the additional unit.
- 3
For any given price, a firm in a competitive market will maximize<br/>profit by selecting the level of output at which price intersects the<br/>( ) A: average total cost curve. B: average variable cost curve. C: marginal cost curve. D: marginal revenue curve.
- 4
With scarcity, the price would equal only the ( ). A: marginal user cost B: marginal cost of extraction C: the sum of marginal extraction cost and marginal user cost. D: fixed costs