implicit cost是企业使用自身拥有的生产要素进行生产的要素总价格 (opportunity cost) Marginal cost(MC) is the increase to total cost resulting from the firm's decision to increase output by one additional unit per time period Variable costsare all costs that fluctuate with the level of production and...
Profitisthefirm’stotalrevenueminusitstotalcost.Profit=Totalrevenue-Totalcost Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.CostsasOpportunityCosts Afirm’scostofproductionincludesalltheopportunitycostsofmakingitsoutputofgoodsandservices.Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,...
The long-run average total cost of producing 100 units of output is $4, while the long-run average cost of producing 110 units of output is $4. These numbers suggest that the firm producing this output is experiencing:A.economies of scale.B.diseconomies
average total cost is minimized. d. marginal cost is minimized. e. marginal product is minimized. ANS:CDIF:2REF:13-3 NAT:AnalyticLOC:Costs of productionTOP:Efficient scale MSC:Interpretive Figure 13-7 23.Refer to Figure 13-7.The efficient scale of production occurs at which quantity? a. ...
LOC:CostsofproductionTOP:Marginalcost|Averagetotalcost MSC:Analytical 27.Ifthemarginalcostofproducingthefifthunitofoutputishigherthanthe marginalcostofproducingthefourthunitofoutput,thenatfiveunitsofoutput, averagetotalcostmustberising. ANS:FDIF:3REF:13-3NAT:Analytic LOC:CostsofproductionTOP:Marginalcost|Av...
Suppose a firm operates in the short run at a price above its average total cost of production. In the long run the firm should expect___. A. new firms to enter the market. B. the market price to fall. C. its economic profits to fall D. All of the above are correct 如...
marginal cost of production shows the change in a firm's total cost from producing one more unit of a good or service. What is the shape of the marginal cost curve? Graphically, the marginal cost curve is A. a U shape, initially falling when the marginal product of labor is below ...
D. marginal cost is $3. 正确答案:B 分享到: 答案解析: If the average variable cost per unit is $5 and they produced 100 units, the total variable costs were $500, not $300. It is the total fixed costs that are $300, not the total variable cost.If the average variable cost per...
Chap_13 The Costs of Production.ppt,Relationship Between Marginal Cost and Average Total Cost MC ATC $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 0 2 4 6 8 10 12 Quantity of Output (glasses of lemonade per hour) Costs Big Bob’s Cost Curves... $0.00 $
百度试题 题目The efficient scale of production is the quantity of output that minimizes A.average fixed cost.B.average total cost.C.average variable cost.D.marginal cost.相关知识点: 试题来源: 解析 B 反馈 收藏