Sec 13.1 MC What are Costs

《Sec 13.1 MC What are Costs》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、1. Economistsassumethatthetypicalpersonwhostartsherownbusinessdoessowiththeintentionof a. donatingtheprofitsfromherbusinesstocharity. b. capturingthehighestnumberofsalesinherindustry. c. maximizingprofits. d. minimizingcosts.ANSWER:  cDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.012-

2、Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS:  EconomicthinkingProfitmaximizationKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  001.13.1-MC-MANK082. Economistsnormallyassumethatthegoalofafirmisto(i)sellasmuchofitsproductaspossible.(ii)set

3、thepriceoftheproductashighaspossible.(iii)maximizeprofit. a. (i)and(ii)only b. (ii)and(iii)only c. (iii)only d. (i),(ii),and(iii)ANSWER:  cDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallywor

4、ks.TOPICS:  ProfitmaximizationKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  002.13.1-MC-MANK083. Economistsnormallyassumethatthegoalofafirmistoearn(i)profitsaslargeaspossible,evenifitmeansreducingoutput.(ii)profitsaslargeaspossible,evenifitmeansincurringahighertotalcost.(iii)revenuesaslarg

5、easpossible,evenifitreducesprofits. a. (i)and(ii)only b. (i)and(iii)only c. (ii)and(iii)only d. (i),(ii),and(iii)ANSWER:  aDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS:  Prof

6、itmaximizationKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  003.13.1-MC-MANK084. Economistsnormallyassumethatthegoalofafirmisto(i)earnprofitsaslargeaspossible,evenifitmeansreducingoutput.CopyrightCengageLearning.PoweredbyCognero.Page 40(ii)earnrevenuesaslargeaspossible,evenifitmeansreducin

7、gprofits.(iii)minimizecosts,regardlessofprofits. a. (i)only b. (i)and(ii)only c. (ii)and(iii)only d. (i),(ii),and(iii)ANSWER:  aDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygeneral