Exit is different from shutting-down in the short run.Exit means that all fixed inputs have been sold off in the long run.The firms no longer exists 公司无法在短期内改变固定成本,如果市场价格一直在break-even价格以下,公司会决定exit the industry shut down是彻底关停...
A. is not making a profit B. is experiencing decreasing returns to scale C. cannot cover its total costs D. is operating below the minimum point on the average variable cost curve 相关知识点: 试题来源: 解析 D 正确答案:D 解析:答案为D项。完全竞争厂商的平均变动成本的最低点为其停止营业或...
The short-term shutdown point of production for a firm operating under perfect competition will most likely occur when: A.price is equal to average total cost. B.marginal revenue is equal to marginal cost. C.marginal revenue is equal to average variable costs. 相关知识点: 试题来源: ...
单项选择题A firm in perfect competition should shut down if it().A.is not making a profitB.is experiencing decreasing returns to scaleC.cannot cover its total costsD.is operating below the minimum point on the average variable cost curve...
The Firm’s Decisions in Perfect Competition In part (c), price is less than ATC and the firm incurs an economic loss economic profit is negative and the firm does not earn normal profit. The Firm’s Decisions in Perfect Competition The shutdown point is the output and price at ...
What this means is that it’s producing at the right point on the production possibilities frontier.Watch the following video for a summary and example of perfect competition:There is a lot going for the model of perfect competition. As a result, it’s the model we typically use to compare...
微观经济chapter12 Perfect Competition ©2010PearsonEducationCanada WhatIsPerfectCompetition?PerfectcompetitionisamarketstructureinwhichManyfirmssellidenticalproductstomanybuyers.Therearenorestrictionstoentryintotheindustry.Establishedfirmshavenoadvantagesovernewones.Sellersandbuyersarewellinformedaboutprices....
PerfectCompetition 14 APerfectlyCompetitiveMarket •Aperfectlycompetitivemarketisamarketinwhicheconomicforcesoperateunimpeded•Foramarkettobeperfectlycompetitive,sixconditionsmustbemet:1.Bothbuyersandsellersarepricetakers–apricetakerisafirmorindividualwhotakesthepricedeterminedbymarketsupplyanddemandasgiven2.Thenumberof...
7. Perfect Competition Keyconcepts •Describingthemanyaspectsofperfectcompetition•Determiningafirm’sprofit-maximisinglevel•Explainingtheshut-downrule•Examiningtheaspectsofnormalprofit•Determininglong-runequilibrium•Characteristicsoflong-runsupplycurves 1 Marketstructure •Marketstructureclassifiessomeofthe...
大学经济学课程全英试题+答案perfectcompetition.pdf,C h a p t e r 11PERFECT COMPETITION Topic: Perfect Competition Competition Skill: Recognition 4) In perfect competition, restrictions on entry into Topic: Perfect Competition an industry Skill: Recognitio