Which of the following measures of profits is most likely necessary for a firm to stay
A.normal
B.economic
C.accounting
A.normal
B.economic
C.accounting
第1题
Which of the following most accurately describes the relationship between the average total cost (ATC) curve and the average variable cost (AVC) curve? The vertical distance between the ATC and AVC curves:
A)increases as output increases.
B)decreases as output increases.
C)increases and then decreases as output increases.
第2题
A firm realizes that it is producing more than the profit maximizing level of output and makes a short-run decision to decrease its output. Which of the firm cost measures is least likely to decrease as a result?
A)Average variable cost.
B)Average fixed cost.
C)Marginal cost.
第3题
Marginal revenue is equal to price for firms operating in which market structure(s)?
A)Both perfect competition and imperfect competition.
B)Neither perfect competition nor imperfect competition.
C)Perfect competition only.
第4题
Under which pair of conditions is a factor of production least likely to earn economic rent?
Supply curve Demand curve
A)Perfectly inelastic Perfectly elastic
B)Upward sloping Downward sloping
C)Perfectly elastic Downward sloping
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