题目内容

A consumers equilibrium bundle of goods is bestdescribed as being located:

At the point where an indifference curve and budget line cross.
B. At the point of tangency of an indifference curve with a budget line.
C. On the highest indifference curve that lies entirely below the budget line.

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When a regulatory agency requires a monopolist to use average cost pricing, the intent is to price the product where the:

ATC curve intersects the MR curve.
B. MR curve intersects the demand curve.
C. ATC curve intersects the demand curve.

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A firms average revenue is greater than its average variable cost and less than its average total cost. If the firm does not expect price to change, the firm should:

A. Shut down in the short run and in the long run.
B. Shut down in the short run but operate in the long run.
C. Operate in the short run but shut down in the long run.

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A company that manufactures airplane seats is best described as producing:

A. Finished goods.
B. Intermediate goods.
C. Factors of production.

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The long-term effects of a price ceiling on a market are least likelyto include:

A. Discrimination by sellers.
B. An increase in waiting times to purchase.
C. Improvement in quality to offset the reduction in quantity supplied.

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A consumers equilibrium bundle of goods is bestdescribed as being located:

At the point where an indifference curve and budget line cross. B. At the point of tangency of an indifference curve with a budget line. C. On the highest indifference curve that lies entirely below the budget line.

When a regulatory agency requires a monopolist to use average cost pricing, the intent is to price the product where the:

A firms average revenue is greater than its average variable cost and less than its average total cost. If the firm does not expect price to change, the firm should:

A company that manufactures airplane seats is best described as producing:

The long-term effects of a price ceiling on a market are least likelyto include:

At the point where an indifference curve and budget line cross.
B. At the point of tangency of an indifference curve with a budget line.
C. On the highest indifference curve that lies entirely below the budget line.