profit by selecting the level of output at which price intersects the
( )
A: average total cost curve.
B: average variable cost curve.
C: marginal cost curve.
D: marginal revenue curve.
举一反三
- When a regulatory agency requires a monopolist to use average cost pricing, the intent is to price the product where the: A: AC curve intersects the MR curve. B: AC curve intersects the demand curve. C: MR curve intersects the demand curve.
- 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
- A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.
- A firm maximizes profit by operating at the level of output where A: average revenue equals average cost. B: average revenue equals average variable cost. C: total costs are minimized. D: marginal revenue equals marginal cost. E: marginal revenue exceeds marginal cost by the greatest amount.
- 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
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.
- 1
The best no-trade point for a country on an increasing cost production possibilities curve is where: ( ) A: the curve touches the vertical axis. B: the curve touches the horizontal axis. C: the origin. D: the curve touches the highest indifference curve.
- 2
A sudden crash in the stock market shifts A: the aggregate-demand curve. B: the short-run aggregate-supply curve, but not the long-run aggregate-supply curve. C: the long-run aggregate-supply curve, but not the short-run aggregate-supply curve. D: both the short-run and the long-run aggregatesupply curves.
- 3
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
- 4
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.