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
举一反三
- 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
- 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.
- 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
- Which of the following explains why supply curves slope upward? A: prices and income B: increasing marginal cost C: resources and technology D: substitutes in production and complements in production
- Who will be prevented from buying the good A: Some consumers who also estimate the value of the good at more than the marginal cost of production. B: Some consumers who estimate the price of the good at more than the marginal cost of the production. C: Some consumers who have a high opinion of the good at more than the marginal cost of the production. D: Some consumers who estimate the worth of the good at more than the marginal cost of the production.
内容
- 0
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.
- 1
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.
- 2
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.
- 3
When marginal cost is less than average cost,
- 4
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.