A
rational decision maker takes an action only if the()
A: marginal benefit is less than the marginal
cost.
B: marginal benefit is greater than the
marginal cost. X
C: average benefit is greater than the average
cost.
D: marginal benefit is greater than both the
average cost and the marginal cost.
rational decision maker takes an action only if the()
A: marginal benefit is less than the marginal
cost.
B: marginal benefit is greater than the
marginal cost. X
C: average benefit is greater than the average
cost.
D: marginal benefit is greater than both the
average cost and the marginal cost.
举一反三
- 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.
- If, in long run equilibrium, the competitive price of some good is $16.67, then, for each and every firm in the industry, A: marginal cost > average cost = $16.67. B: marginal cost < average cost = $16.67. C: $16.67 = marginal cost = average cost. D: $16.67 = marginal cost > average cost.
- When marginal cost is less than average cost,
- In the above figure, if 4000 bicycles are produced per month, A: marginal benefit is greater than marginal cost. B: fewer bicycles should be produced to reach the allocatively efficient level of output. C: the marginal cost of production is 2 bottles of soda per bicycle. D: Both answers A and B are correct.
- In the above figure, when 2000 bicycles are produced each month, we can see that A: the marginal benefit from another bicycle is greater than the marginal cost of another bicycle. B: more bicycles should be produced to reach the allocatively efficient level of output. C: the economy is very efficient at the production of bicycles because the marginal benefit exceeds the marginal cost. D: Both answers A and B are correct.