举一反三
- When economic profit is positive, A: total revenue exceeds total economic cost. B: the firm’s owners have successfully solved the principle-agent problem. C: the firm’s owners experience an increase in their wealth. D: both a and c E: all of the above
- What is the total cost in this outcome (Firm A's total cost + Firm B's total cost)?What is the total cost in the efficient outcome (assuming that the price is $3 and four units are produced in total)?<br/>______
- When a firm's average total cost curve continually declines, the firm is a ( ) A: government-created monopoly. B: natural monopoly. C: revenue monopoly. D: All of the above are correct.
- 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.
- To achieve profit is not the ultimate goal but profit is the bottom-line measure of a firm’s success and ability to survive.
内容
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Refer to Figure 10.3. In the long run this monopoly firm's profit will:
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The break-even point is the point at which ________. A: the total revenue and total costs lines intersect B: demand equals supply C: the production of one more unit will not increase profit D: the company can pay all of its long-term debt E: a firm's profit goal is reached
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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.
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Earnings are used to analyse profit and are part of calculating a firm’s (share) value. （ ）
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The owner's equity is ______. A: the money paid by the owners at inception of a firm B: net worth of a firm C: gross profit of a firm D: the rest resources aside from liabilities