4202032
Beschreibung
Quiz von 2016: Esteban Vi, aktualisiert more than 1 year ago
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Erstellt von 2016: Esteban Vi
vor mehr als 8 Jahre
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Frage 1
Frage
A firm in perfect competition has zero power.
Antworten
- True
- False
Frage 2
Frage
In perfect competition, there are no barriers of entry and exit.
Antworten
- True
- False
Frage 3
Frage
Is money an example of perfect competition?
Antworten
- True
- False
Frage 4
Frage
The supplier will cut back on production if [blank_start]marginal cost[blank_end] is greater than [blank_start]marginal revenue[blank_end].
Antworten
-
marginal cost
-
marginal revenue
Frage 5
Frage
The marginal cost curve is the firm's supply curve above the point where [blank_start]price[blank_end] exceeds [blank_start]average variable cost[blank_end].
Antworten
-
price
-
average variable cost
Frage 6
Frage
Profit maximization (Formula)
Antworten
-
MC=AC
-
MC=AR
-
MC=MR
Frage 7
Frage
Productive efficiency (Formula)
Antworten
-
MC=AR
-
MC=MR
-
MC=AC
Frage 8
Frage
Allocative efficiency (Formula)
Antworten
-
MC=AR
-
MC=AC
-
MC=MR
Frage 9
Frage
Normal profit is minimum profit that allow current profits to stay in use.
Antworten
- True
- False
Frage 10
Frage
Is lack of motivation one of the reason for diseconomies of scale?
Antworten
-
Yes
-
No
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