【題目】 Which of the following would be most likely to cause the demand for cheese to shift from D0 to D1? an increase in income, assuming cheese is a normal good an increase in the price of flour used make cheese an increase in the quantity ...
【題目】:A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm’s average total cost is $10. The firm’s marginal cost curve crosses its marginal revenue curve at an output level of 9 units. The firm experiences a 【答案】:l ...
題目:A freeze that destroys half of the water lily crop in Tainan would likely raise the price of water lily. 答案:reducing the quantity demanded for water lily and increasing the demand for tea
【題目】:Levi’s jeans sell for $100 a pair. Suppose at the profit maximizing quantity, Levi’s average total cost was $110 and Average variable cost was $55, which statement is true? 【答案】:Levi’s will produce in the short run but go out of business in the long run