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ID:13443532
大小:1.36 MB
页数:126页
时间:2018-07-22
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1、Chapter14/FirmsinCompetitiveMarketsv1053Chapter14FirmsinCompetitiveMarketsTRUE/FALSE1.Forafirmoperatinginaperfectlycompetitiveindustry,totalrevenue,marginalrevenue,andaveragerevenueareallequal.ANS:FDIF:2REF:14-1NAT:AnalyticLOC:PerfectcompetitionTOP:Averagerevenue
2、MarginalrevenueM
3、SC:Interpretive2.Forafirmoperatinginaperfectlycompetitiveindustry,marginalrevenueandaveragerevenueareequal.ANS:TDIF:2REF:14-1NAT:AnalyticLOC:PerfectcompetitionTOP:Averagerevenue
4、MarginalrevenueMSC:Interpretive3.Ifafirmnoticesthatitsaveragerevenueequalsthecurrentmarketprice,thatfi
5、rmmustbeparticipatinginacompetitivemarket.ANS:FDIF:2REF:14-1NAT:AnalyticLOC:PerfectcompetitionTOP:AveragerevenueMSC:Interpretive4.Aprofit-maximizingfirminacompetitivemarketwillincreaseproductionwhenaveragerevenueexceedsmarginalcost.ANS:TDIF:2REF:14-1NAT:AnalyticLOC:Perfectcompeti
6、tionTOP:AveragerevenueMSC:Interpretive5.Becausetherearemanybuyersandsellersinaperfectlycompetitivemarket,noonesellercaninfluencethemarketprice.ANS:TDIF:1REF:14-1NAT:AnalyticLOC:PerfectcompetitionTOP:CompetitivemarketsMSC:Definitional6.Firmsoperatinginperfectlycompetitivemarketstr
7、ytomaximizeprofits.ANS:TDIF:2REF:14-1NAT:AnalyticLOC:PerfectcompetitionTOP:ProfitmaximizationChapter14/FirmsinCompetitiveMarketsv1053MSC:Applicative7.Incompetitivemarkets,firmsthatraisetheirpricesaretypicallyrewardedwithlargerprofits.ANS:FDIF:2REF:14-1NAT:AnalyticLOC:Perfectcompe
8、titionTOP:CompetitivemarketsMSC:Interpretive8.Whenanindividualfirminacompetitivemarketincreasesitsproduction,itislikelythatthemarketpricewillfall.ANS:FDIF:2REF:14-1NAT:AnalyticLOC:PerfectcompetitionTOP:CompetitivemarketsMSC:Interpretive9.Inacompetitivemarket,firmsareunabletodiffe
9、rentiatetheirproductfromthatofotherproducers.ANS:TDIF:1REF:14-1NAT:AnalyticLOC:PerfectcompetitionTOP:CompetitivemarketsMSC:Interpretive10.Firmsinacompetitivemarketaresaidtobepricetakersbecausetherearemanysellersinthemarketandthegoodsofferedbythefirmsareverysimilarifnotidentical.A
10、NS:TDIF:2REF:14-1NAT:AnalyticLOC:Perfect
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