佛州州立微观经济学题库第六版Ch10Word格式.doc
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佛州州立微观经济学题库第六版Ch10Word格式.doc
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easy 2. Forthemonopolistshownbelow,theprofitmaximizinglevelofoutputis:
a.Q1.
b.Q2.
c.Q3.
d.Q4.
e.Q5.
easy 3. HowmuchprofitwillthemonopolistwhosecostanddemandcurvesareshownbelowearnatoutputQ1?
a.0CDQ1.
b.0BEQ1.
c.0AFQ1.
d.ACDF.
e.BCDE.
easy 4. WhichofthefollowingisNOTtrueregardingmonopoly?
a.Monopolyisthesoleproducerinthemarket.
b.Monopolypriceisdeterminedfromthedemandcurve.
c.Monopolistcanchargeashighapriceasitlikes.
d.Monopolydemandcurveisdownwardsloping.
easy 5. WhichofthefollowingistrueattheoutputlevelwhereP=MC?
a.Themonopolistismaximizingprofit.
b.Themonopolistisnotmaximizingprofitandshouldincreaseoutput.
c.Themonopolistisnotmaximizingprofitandshoulddecreaseoutput.
d.Themonopolistisearningapositiveprofit.
easy 6. Comparedtotheequilibriumpriceandquantitysoldinacompetitivemarket,amonopolistwillchargea______________priceandsella______________quantity.
a.higher;
larger
b.lower;
c.higher;
smaller
d.lower;
e.noneofthese
easy 7. Assumethataprofitmaximizingmonopolistisproducingaquantitysuchthatmarginalrevenueexceedsmarginalcost.Wecanconcludethatthe
a.firmismaximizingprofit.
b.firm'
soutputissmallerthantheprofitmaximizingquantity.
c.firm'
soutputislargerthantheprofitmaximizingquantity.
d.firm'
soutputdoesnotmaximizeprofit,butwecannotconcludewhethertheoutputistoolargeortoosmall.
easy 8. Tofindtheprofitmaximizinglevelofoutput,afirmfindstheoutputlevelwhere
a.priceequalsmarginalcost.
b.marginalrevenueandaveragetotalcost.
c.priceequalsmarginalrevenue.
d.alloftheabove.
e.noneoftheabove.
easy 9. Asthemanagerofafirmyoucalculatethemarginalrevenueis$152andmarginalcostis$200.Youshould
a.expandoutput.
b.donothingwithoutinformationaboutyourfixedcosts.
c.reduceoutputuntilmarginalrevenueequalsmarginalcost.
d.expandoutputuntilmarginalrevenueequalszero.
e.reduceoutputbeyondthelevelwheremarginalrevenueequalszero.
easy 10. Supposethatafirmcanproduceitsoutputateitheroftwoplants.Ifprofitsaremaximized,whichofthefollowingstatementsistrue?
a.Themarginalcostatthefirstplantmustequalmarginalrevenue.
b.Themarginalcostatthesecondplantmustequalmarginalrevenue.
c.Themarginalcostatthetwoplantsmustbeequal.
easy 11. Themonopolisthasnosupplycurvebecause
a.thequantitysuppliedatanyparticularpricedependsonthemonopolist'
sdemandcurve.
b.themonopolist'
smarginalcostcurvechangesconsiderablyovertime.
c.therelationshipbetweenpriceandquantitydependsonbothmarginalcostandaveragecost.
d.thereisasinglesellerinthemarket.
e.althoughthereisonlyasingleselleratthecurrentprice,itisimpossibletoknowhowmanysellerswouldbeinthemarketathigherprices.
easy 12. Whenaperunittaxisimposedonthesaleofaproductofamonopolist,theresultingpriceincreasewill
a.alwaysbelessthanthetax.
b.alwaysbemorethanthetax.
c.alwaysbelessthanifasimilartaxwereimposedonfirmsinacompetitivemarket.
d.notalwaysbelessthanthetax.
easy 13. Themonopolysupplycurveisthe
a.sameasthecompetitivemarketsupplycurve.
b.portionofmarginalcostscurvewheremarginalcostsexceedtheminimumvalueofaveragevariablecosts.
c.resultofmarketpowerandproductioncosts.
d.noneoftheabove.
easy 14. Foramonopolist,changesindemandwillleadtochangesin
a.pricewithnochangeinoutput.
b.outputwithnochangeinprice.
c.bothpriceandquantity.
d.anyoftheabovecanbetrue.
easy 15. Usethefollowingtwostatementstoanswerthisquestion:
I. Foramonopolist,ateveryoutputlevel,averagerevenueisequaltoprice.
II. Foramonopolist,ateveryoutputlevel,marginalrevenueisequaltoprice.
a.BothIandIIaretrue.
b.Iistrue,andIIisfalse.
c.Iisfalse,andIIistrue.
d.BothIandIIarefalse.
e.StatementsIandIIcouldeitherbetrueorfalsedependingupondemand.
moderate 16. WhichofthefollowingisNOTtrueformonopoly?
a.Theprofitmaximizingoutputistheoneatwhichmarginalrevenueandmarginalcostareequal.
b.Averagerevenueequalsprice.
c.Theprofitmaximizingoutputistheoneatwhichthedifferencebetweentotalrevenueandtotalcostislargest.
d.Themonopolist'
sdemandcurveisthesameasthemarketdemandcurve.
e.Att
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