Sec_All_True_False_Ch_13_

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1、True/False1. Theeconomicfieldofindustrialorganizationexamineshowfirms’decisionsaboutpricesandquantitiesdependonthemarketconditionstheyface. a. True b. FalseANSWER:  TrueDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindividualde

2、cisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS:  ProducertheoryKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  001.13-TF-MANK082. Thefieldofindustrialorganizationaddresseshowthenumberoffirmsaffectspricesinamarketandtheefficiencyofthemarketoutcome. a. True b. Fa

3、lseANSWER:  TrueDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS:  ProducertheoryKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  002.13-TF-MANK083. Afirm’stotalprofite

4、qualsitsmarginalrevenueminusitsmarginalcost. a. True b. FalseANSWER:  FalseDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.275-Givendataontotalrevenue,implicitcosts,andexplicitcosts,compareeconomicprofitandaccountingprofit.TOPICS:  ProducertheoryKEYWORDS:  BLOOM'S

5、:KnowledgeCUSTOM ID:  003.13-TF-MANK084. Profitequalstotalrevenueminustotalcost. a. True b. FalseANSWER:  TrueDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.275-Givendataontotalrevenue,implicitcosts,andexplicitcosts,compareeconomicprofitandaccountingprofit.TOPICS

6、:  ProducertheoryProductioncostsKEYWORDS:  BLOOM'S:KnowledgeCopyrightCengageLearning.PoweredbyCognero.Page 22CUSTOM ID:  004.13-TF-MANK085. Thedifferencebetweeneconomicprofitandaccountingprofitisthateconomicprofitiscalculatedbasedonbothimplicitandexplicitcostswhere

7、asaccountingprofitiscalculatedbasedonexplicitcostsonly. a. True b. FalseANSWER:  TrueDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.275-Givendataontotalrevenue,implicitcosts,andexplicitcosts,compareeconomicprofitandaccountingprofit.TOPICS:  ProducertheoryKEYW

8、ORDS:  BLOOM'S:ComprehensionCUSTOM ID:  005.13-TF-MANK086. Accountingprofitisgreaterthanorequaltoeconomicprofit. a. True b. FalseANSWER:  TrueDIF