举一反三
- The firm at producing computers.
- 中国大学MOOC:"The firm at producing computers.";
- A perfectly competitive firm is producing 75 units of output. The market price is $7 and the firm's marginal cost is $8. The firm should:
- Assume that a smartphone maker operates in a perfectly competitive market producing 25,000 smartphones per day. At this output level, price is less than this firm's marginal cost. It follows that producing one more smartphone will cause this firm's:
- A production function for a firm describes: () A: What should be produced to maximize profit. B: What is technologically feasible when the firm produces efficiently. C: What revenue is earned from producing efficiently. D: What the firm produces with given inputs.
内容
- 0
If a competitive firm maximizes short-run profits by producing some quantity of output, which of the following must be true at that level of output?
- 1
Cost of goods sold refers to<br/>___________. A: direct costs attributable to producing the product sold by the firm B: salaries, advertising and selling expenses C: payments to the firm's creditors D: payments<br/>to federal and local governments
- 2
Assume that there is a single firm producing toilet paper and the firm specific demand curve is the same as the market demand curve. If a second firm that also produces toilet paper enters the market what will happen to the firm-specific demand curve of the original firm? A: There is a movement up along the demand curve. B: There is a movement down along the demand curve. C: shifts to the right D: shifts to the left
- 3
If a competitive firm maximizes short-run profits by producing some quantity of output, which of the following must be true at that level of output? A: p ≥ AVC B: MR > MC C: All of the above D: p > MC
- 4
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.