chap6中级宏观经济学答案华中科技大学.docx

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1、Microeconomics,4e(Perloff)Chapter6FirmsandProduction6.1TheOwnershipandManagementofFirms1)EconomiststypicallyassumethattheownersoffirmswishtoA)produceefficiently・B)maximizesalesrevenues・C)maximizeprofits・D)Alloftheabove.Answer:CTopic:TheOwnershipandManagementofFirms2)Anorganizationthatc

2、onvertsinputs(likeLabor,Capitaletc.)intooutputiscalledaA)firm.B)soleproprietorship.C)corporation.D)Alloftheabove.Answer:DTopic:TheOwnershipandManagementofFirms3)EfficientproductionoccursifafirmA)cannotproduceitscurrentlevelofoutputwithfewerinputs.B)giventhequantityofinputs,cannotproduc

3、emoreoutput.C)maximizesprofit.D)Alloftheabove.Answer:DTopic:TheOwnershipandManagementofFirms4)LimitedliabilityisabenefittoA)soleproprietorships.B)partnerships.C)corporations.D)Alloftheabove.Answer:CTopic:TheOwnershipandManagementofFirmsForthefollowing,pleaseanswernTruenorFalse"andexpla

4、inwhy.5)Onlycorporationsbenefitfromlimitedliability.Answer:True・Individualsinsoleproprietorshipsandpartnershipsarepersonallyresponsiblefordebt.Topic:TheOwnershipandManagementofFirms6)Whendowemeanbyefficientproduction?Answer:Efficientproductionimpliesthatnoinputsarewasted.Ifagivennumber

5、ofoutputisefficientlyproduceditisnotpossibletoproducethesameamountwithlessinputs.Topic:TheOwnershipandManagementofFirms1.2Production1)Whichofthefollowingstatementsbestdescribesaproductionfunction?A)themaximumprofitgeneratedfromgivenlevelsofinputsB)themaximumlevelofoutputgeneratedfromgi

6、venlevelsofinputsC)alllevelsofoutputthatcanbegeneratedfromgivenlevelsofinputsD)alllevelsofinputsthatcouldproduceagivenlevelofoutputAnswer:BTopic:Production2)Withrespecttoproduction,theshortrunisbestdefinedasalimeperiodA)lastingaboutsixmonths.B)lastingabouttwoyears.C)inwhichallinputsare

7、fixed・D)inwhichatleastoneinputisfixed・Answer:DTopic:Production3)Inthelongrun,allfactorsofproductionareA)variable.B)fixed.C)materials.D)rented.Answer:ATopic:Production4)Joeycutsgrassduringthesuinmer.Heownsonelawnmower.Forhim,theshortrunisequaltoA)theamountoftimeittakestoacquiremorecus