[2017年整理]微观经济学作业答案3.docVIP

Managerial Economics HOMEWORK SET#3 Name: Class: Student #: (Due day: Next class) Part 1: 1. When the average product is decreasing, marginal product a. equals average product. b. is increasing. c. exceeds average product. d. is decreasing. e. is less than average product. Choose: e) The next two questions refer to a firm in a constant- cost industry with ATC(q) = 2,000/q + 100 + 5q and MC(q) = 100 + 10q. 2. The long-run equilibrium price equals: a. $100 b. $200 c. $300 d. $500 e. None of the above is correct.