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中级微观经济学
中级微观经济学
31.
A monopolist produces a good using only one factor, labor.There are constant returns to scale in production, and the demand for the monopolist';s product is described by a downward sloping straight line with slope -1.The monopolist faces a horizontal
32.
A monopolist finds that a person's demand for its product depends on the person's age.The inverse demand function of someone of age y; can be written p = A(y)-q where A(y) is an increasing function of y.The product cannot be resold from one buyer
33.
A monopolist finds that a person's demand for its product depends on the person's age.The inverse demand function of someone of age y; can be written p = A(y) function of y.The product cannot be resold from one buyer to another and the monopolist
34.
Third degree price discrimination occurs when a monopolist sells output to different people at different prices, but every unit that an individual buys costs the same amount.。
35.
A monopolist finds that a person';s demand for its product depends on the person';s age.The inverse demand function of someone of age y; can be written p = A(y)-q where A(y) is an increasing function of y.The product cannot be resold from one buye
36.
A monopolist is able to practice third degree price discrimination between two markets.The demand function in the first market is q = 500-2p and the demand function in the second market is q = 1500-6p.To maximize his profits, he shoul
37.
For a monopolist who faces a downward sloping demand curve, marginal revenue is less than price whenever quantity sold is positive.。
38.
Deadweight loss of monopoly is().
39.
When monopolistic profit has been maximized, its marginal cost is()than its marginal revenue.
40.
Monopoly maximizes its profit mainly rely on its().
41.
Monopoly is().
42.
Microsoft is a/an()in Windows operating system.
43.
Suppose that Dent Carr's long run total cost of repairing s cars per week is c(s)=3s2 + 27.If the price he receives for repairing a car is 30, then in the long run, how many cars will he fix perweek if he maximizes profits?
44.
A firm has the long run cost function C(q)=4q2 + 4.In the long run, it will supply a positive amount of output, so long as the price is greater than:
45.
The change in producer's surplus when the market price changes from p1 to p2 is half of the area to the left of the marginal cost curve between p1 and p2.。
46.
The marginal cost curve passes through the minimum point of the average fixed cost curve.。
47.
The average variable cost curve must always be U shapeD.。
48.
If output is produced according to Q = 4LK, the price of K is $10, and the price of L is$10, then the cost minimizing combination of K and L capable of producing 16 units of output is
49.
If it costs $10 to set up and later clean a bagel press and bagels cost $1 per week, per bagel, to store, how many times should the bagel press be run each week to produce 500 bagels a week to be sold continuously?
50.
The cost function c(w1,w2,y) expresses the cost per unit of output of producing y units of output if equal amounts of both factors are useD.。
51.
A profit maximizing dairy farm is currently producing 10,000 gallons of milk per day.The government is considering two alternative policies.One is to give the farm a lump sum subsidy of $500 per month.The other policy is to give the farm a subsidy of $.05
52.
A profit maximizing firm continues to operate even though it is losing money.It sells its product at a price of $100.From these facts we deduce that:
53.
Price equals marginal cost is a sufficient condition for profit maximization。
54.
In a perfectly competitive industry, the demand curve for the total output of the industry may be downward sloping.。
55.
A firm in a competitive industry takes account of the fact that the demand curve it confronts has a significant negative slope.。
56.
A competitive firm produces output using three fixed factors and one variable factor.The firm's short run production function is q=163x-2x2 , where x is the amount of variable factor used.The price of output is $3 per unit and the price of the variabl
57.
When Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is 1-(N=200) bushels of corn.If the price of corn is $1 per bushel and the price of fertilizer is $0.40 per pound, then how many pounds of fertilizer per acre
58.
The production function is given by F(L)=6L2/3 .Suppose that the cost per unit of labor is 12 and the price of output is 6, how many units of labor will the firm hire?
59.
Just as in the theory of utility maximizing consumers, the theory of profit maximizing firms allows the possibility of "Giffen factors".These are factors for which a fall in price leads to a fall in demanD.。
60.
A profit-maximizing competitive firm uses just one input, x.Its production function is q = 8x1/2.The price of output is 16 and the factor price is 8.The amount of the factor that the firm demands is:
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