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A firm’s producer surplus equals to its profit if it has no fixed cost
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2024-06-04 01:35:25
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相关试题
1.
In the long-run equilibrium in perfect competition,选项: A:producer surplus is less than consumer surplus B:consumer surplus equals to social welfare C:consumer surplus is zero D:producer surplus is higher than its profit
2.
A profit-maximizing firm will only produce a positive amount of output if:选项: A:its total revenue is greater than its total cost.; B:its total revenue equals its total cost.; C:its total revenue is greater than its fixed cost.; D:its total revenue is greater than or equal to its variable cost.
3.
If resources are used efficiently, then ________. A: marginal social cost is minimized B: consumer surplus plus producer surplus is maximized C: consumer surplus equals producer surplus D: producer surplus is maximized
4.
If resources are used efficiently, then ________. 选项: A、 marginal social cost is minimized B、 consumer surplus plus producer surplus is maximized C、 consumer surplus equals producer surplus D、 producer surplus is maximized
5.
A profit-maximizing firm will shut down if, at the firm's profit maximizing level of output, its total revenue is ________选项: A:less than its average variable cost.; B:less than its average total cost.; C:less than its variable cost.; D:less than its total cost.
6.
A perfectly competitive firm's short-run shutdown point is the level of output at which 选项: A:price equals average total cost. B:price equals average fixed cost. C:price equals the minimum average variable cost. D:price is above the minimum average total cost but below the minimum average fixed cost.
7.
A market is allocatively efficient if A: the sum of the consumer surplus and the producer surplus has been maximized. B: consumer surplus has been maximized. C: producer surplus has been maximized. D: profit has been maximized.
8.
In the long run, a firm's producer surplus is equal to the: 选项: A:economic rent it enjoys from its scarce inputs. B:revenue it earns in the long run. C:positive economic profit it earns in the long run. D:difference between total revenue and total variable costs. E:difference between total revenue and total fixed costs.
9.
The difference between the price a seller actually receives for a good and the seller's reservation price is:选项: A:consumer surplus.; B:profit.; C:variable cost.; D:producer surplus.
10.
A perfectly competitive firm charges the market price of $18 to sell its product. The firm produces and sells the profit-maximizing quantity of 50 units at this price. Its average total cost is $17 and its average variable cost is $15. Which of the following statements is then true? 选项: A: This firm should shut down now. B: At this current level of production, the firm's marginal cost is $17. C: At this current level of production, the firm's marginal cost is $15. D: The firm is earning an economic profit of $50.
11.
A market is allocatively efficient if 选项: A、 the sum of the consumer surplus and the producer surplus has been maximized. B、 consumer surplus has been maximized. C、 producer surplus has been maximized. D、 profit has been maximized.
12.
As long as it does not shut down, a perfectly competitive firm will 选项: A:always earn an economic profit. B:produce so that marginal revenue equals marginal cost. C:produce so that price equals average cost. D:never set its price equal to its marginal revenue.
13.
If the firm is producing at a quantity of output where marginal revenue exceeds marginal cost,Then, 选项: A: the firm's perceived demand will shift to the left. B: the firm should keep expanding production. C: each marginal unit adds profit by bringing in less revenue than its cost. D: the firm is now earning zero for profit.
14.
When the competitive market is using its resources efficiently, the 选项: A、 total amount of consumer surplus is maximized. B、 total amount of producer surplus is maximized. C、 sum of the total amount of consumer surplus plus the total amount of producer surplus is maximized. D、 sum of the total amount of consumer surplus plus the total amount of producer surplus equals zero.
15.
In long-run equilibrium, a firm in a perfectly competitive industry will produce at the point where: 选项: A、 marginal cost equals average total cost. B、 total revenue is maximized. C、 marginal cost equals average variable cost. D、 price equals average fixed cost.
16.
A firm has a fixed cost of $in its first year of operation. When the firm produces units of output, its total costs are $4,The marginal cost of producing the 100th unit of output is $What is the total cost of producing units?_________. 选项: A、$4,200 B、$4,900 C、$4,700 D、$900
17.
A monopolist that can charge only one price maximizes its profit by producing a quantity where:_______. 选项: A、price equals marginal cost B、the demand curve intersects the average cost curve C、marginal cost reaches its minimum D、marginal revenue equals marginal cost
18.
A firm produces a product in a competitive industry and has a total cost function C = 50 + 4q + 2q^2 and a marginal cost function MC = 4 + 4q. At the given market price of $20, the firm is producing 5 units of output. Is the firm maximizing its profit?
19.
A competitive firm has a continuous marginal cost curve. It finds that as output increases, its marginal cost curve first rises, then falls, then rises again. If it wants to maximize profits, the firm should never produce at a positive output where price equals marginal cost and marginal cost decreases as output increases.选项: A:错 B:对
20.
How is a monopolistically competitive firm similar to a perfectly competitive firm? A: both will observe entry into the industry if economic profit is positive B: both produce where average total cost equals marginal cost C: both make a positive economic profit in the long run D: both produce a homogeneous good
21.
In the short run, a firm in a monopolistic competition will produce the amount of output where its 选项: A: marginal revenue equals marginal cost and will set its price according to the demand for that output level. B: marginal revenue equals marginal cost and takes the market price as given. C: average revenue equals average cost and will set its price according to the demand for that output level. D: average revenue equals its average cost and takes the market price as given.
22.
How is a monopolistically competitive firm similar to a perfectly competitive firm? 选项: A、 both will observe entry into the industry if economic profit is positive B、 both produce where average total cost equals marginal cost C、 both make a positive economic profit in the long run D、 both produce a homogeneous good
23.
The total cost to the firm of producing zero units of output is_________. 选项: A、its fixed cost in both the short run and the long run B、its fixed cost in the short run and zero in the long run C、zero in both the short run and the long run D、its variable cost in both the short run and the long run
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