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时间:2019-12-01
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1、File:Chapter12ProductionandCostAnalysisIITrue/False[QUESTION]1.Atechnicallyefficientmethodofproductionproducesagivenlevelofoutputatthelowestpossiblecost.Ans:FalseAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:12-01Topic:TechnicalEfficiencya
2、ndEconomicEfficiencyFeedback:Technicalefficiencyonlyimpliesthatagivenoutputlevelisproducedwiththefewestpossibleinputs.Thestatementaboveisthedefinitionofeconomicefficiency.[QUESTION]2.Technicalefficiencyinproductionmeansagivenlevelofoutputisproducedwiththeminimumamount
3、ofinputs.Ans:TrueAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:12-01Topic:TechnicalEfficiencyandEconomicEfficiencyFeedback:Thisisthetextbookdefinitionoftechnicalefficiency.[QUESTION]3.Aneconomicallyefficientmethodofproductionproducesagiven
4、levelofoutputatthelowestpossiblecost.Ans:TrueAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:12-01Topic:TechnicalEfficiencyandEconomicEfficiencyFeedback:Thisisthetextbookdefinitionofeconomicefficiency.[QUESTION]4.Whenper-unitcostsincreaseaso
5、utputincreases,thereareeconomiesofscaleinproduction.Ans:FalseAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:12-02Topic:TheShapeoftheLong-RunCostCurve©2017byMcGraw-HillEducation. Thisisproprietarymaterialsolelyforauthorizedinstructoruse.Nota
6、uthorizedforsaleordistributioninanymanner. Thisdocumentmaynotbecopied,scanned,duplicated,forwarded,distributed,orpostedonawebsite,inwholeorpart. Feedback:Economiesofscaleexistwhenper-unitcostsdeclineasoutputincreases.[QUESTION]5.Economiesofscaledonotexistinthepresence
7、ofindivisiblesetupcosts.Ans:FalseAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:12-02Topic:TheShapeoftheLong-RunCostCurveFeedback:Sizableindivisiblesetupcostsentaileconomiesofscalebecausehigherproductionlevelsarenecessaryforproductiontobeec
8、onomicallyefficient.[QUESTION]6.Theminimumefficientlevelofproductionreferstotheproductionlevelinthelongrunthatspreadssetupco
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