哈伯德英文版微观经济学练习c10

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1、Microeconomics-Testbank1(Hubbard/O'Brien)Chapter10Technology,Production,andCosts1)Theaveragetotalcostofproductionisthe:A)extracostrequiredtoproduceonemoreunit.B)totalcostofproduction.C)totalcostofproductiondividedbythelevelofoutput.D)totalcostofproductionmultipliedtimesthelevelofou

2、tput.2)Amongthepotentialsourcesofanadvanceintechnologyforaproducingfirmis:A)bettertrainedworkers.B)moreefficientphysicalcapital.C)higherskilllevelofmanagers.D)alloftheabove.3)Theshortrunis:A)oneday.B)oneweek.C)sixmonths.D)aslongittakesaparticularfirmtochangeitsplantcapacity.4)Afact

3、orofproductionthatisnotfixedintheshortrunis:A)physicalcapital.B)technology.C)labor.D)land.5)Acharacteristicofthelongrunis:A)therearenofixedinputs.B)allinputscanbevaried.C)plantcapacitycanbeincreasedordecreased.D)alloftheabove.6)Economicscostofproductiondifferfromthoseinaccountingin

4、that:A)economicsincludesexpendituresforhiredresourceswhileaccountingdoesnot.B)economicsaddstheopportunitycostofafirmusingitsownresources.C)accountingincludesexpendituresforhiredresourceswhileeconomicsdoesnot.D)accountingcostsarealwayslargerthaneconomiccosts.7)Whichofthefollowingisa

5、nimplicitcostofproduction?A)Interestpaidonaloantoabank.B)Wagespaidtolaborplusthecostofcarryingbenefitsforworkers.C)Theutilitybillpaidtowater,electricity,andnaturalgascompanies.D)Rentthatcouldhavebeenearnedonabuildingownedandusedbythefirm.8)Implicitcostsofproductionarealsocalled:A)o

6、verhead.B)variablecosts.C)directcosts.D)opportunitycosts.9)Afactorofproductionthatgenerallyisfixedintheshortrunis:A)rawmaterials.B)labor.C)abuilding.D)water.10)Therelationshipbetweendifferentamountsofinputsandtheresultinglevelofoutputisa:A)totalcostschedule.B)productionpossibilitie

7、sfrontier.C)productionfunction.D)productionquota.11)Ifthefirmisproducingnothingintheshortrun,then:A)totalcostsarezero.B)variablecostsarelowbutpositive.C)marginalcostsarenegative.D)fixedcostsarepositive.12)Asafirmhiresmorelaborintheshortrun,the:A)leveloftotalproductstaysconstant.B)o

8、utputperworkerrises.C)extr