『每日答題系列集中串』~(不一定日更,善用google, 回文40%)

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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.

a8889467

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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alisa239

【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

Happycat

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

Happycat

【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.

a8889467

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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gn01224803

ycknews 發表於 2019-11-8 14:53
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

a8889467

1081123題目:
Which of the following statement is normative？


答案:
  Higher taxes are needed to support education.

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alisa239

【題目】 Which paradigm most accurately describes BASIC?
  Imperative or procedural
  Logic
  Object oriented
  Functional

答案
Imperative

Happycat

【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.

Happycat

【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.

alisa239

【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.

alisa239

【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.

alisa239

【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.

Happycat

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?