Suppose there are only two firms supplying in the market and they produce a homogeneous good. Two firms produce the good with the same constant marginal cost. Firms compete by setting price simultaneously . The equilibrium price of both firms must
答案: equal to the marginal cost.
本帖最後由 a8889467 於 2019-11-20 03:53 編輯
1081120題目:
【題目】 The figure shows the market for books before and after a sales tax is introduced. The tax on books is ____ abook, buyers pay ____ of tax per book, and the governments tax revenue is ____.
答案:
$1.20; $0.80; $12
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本帖最後由 alisa239 於 2019-11-20 09:47 編輯
【題目】 Raisin bran and milk are complementary goods. A decrease in the price of raisins will
decrease consumer surplus in the market for raisin bran and increase producer surplus in the market for milk.
decrease consumer surplus in the market for raisin bran and decrease producer surplus in the market for milk.
increase consumer surplus in the market for raisin bran and increase producer surplus in the market for milk.
increase consumer surplus in the market for raisin bran and decrease producer surplus in the market for milk.
答案:
increase consumer surplus in the market for raisin bran and increase producer surplus in the market for milk
If price exceeds average costs under pure competition, ____ firms will enter the industry, supply will ____, and price will be driven ____.Selected
Answer: more; increase; down
【題目】 The demand for a product tends to be inelastic if.
答案： a small proportion of consumer's income is spent on the good.
1081122題目
The statement “An increase in the price of gasoLine will lead to a decrease in the amount purchases” is
答案:
a positive statement.
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ycknews 發表於 2019-11-8 14:53 static/image/common/back.gif
求答案
【題目】 Levi’s jeans sell for $100 a pair. Suppose at the profit maximizing quantity, Levi ...
A ：Levi’s will produce in the short run but go out of business in the long run
1081123題目:
Which of the following statement is normative？
答案:
Higher taxes are needed to support education.
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本帖最後由 alisa239 於 2019-12-5 08:47 編輯
【題目】 Which paradigm most accurately describes BASIC?
Imperative or procedural
Logic
Object oriented
Functional
答案
Imperative
本帖最後由 Happycat 於 2019-11-23 13:47 編輯
【題目】
Crude oil can be refined into home heating oil or gasoline. If very cold weather caused the price of home heating oil to increase, then
the supply of gasoline would increase.
the equilibrium price of gasoline would rise. (Ans)
the demand of gasoline would decrease.
the supply of home heating oil would decrease.
【題目】 Suppose the price of a good rises. When will the resulting substitution effect reduce the quantity demanded of the good?
Only when the good is normal.
Whenever the good is a non-Giffen good.
Only when the good is inferior.
Always.
【題目】 The supply curve for a good or service shows the sellers’
maximum acceptable price.
average acceptable price.
target price.
minimum acceptable price.
答案 minimum acceptable price.
【題目】 Which of the following statements is true? Oligopolists :
Will consider the potential response of its rivals when making business decisions.
all of the above.
tend to produce the monopoly output and sell at the monopoly price when they are able to collude .
behave interdependently.
答案: all of the above.
【題目】 「Last October, due to an early frost, the price for a pumpkin increased by 10 percent.As a result, the quantity demanded decreased from 2 million to 1.5 million.」 Based on this statement, the
demand for pumpkins is inelastic.
demand for pumpkins is elastic.
demand for pumpkins is unit elastic.
demand curve for pumpkins shifted rightward.
答案: demand for pumpkins is elastic.
1081128題目
Under which of the following conditions would the interdiction of illegal drugs result in a decrease in the quantity of drugs sold and in a decrease in total spending on illegal drugs by drug users?