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西方经济学第二版课后题答案3(国外英文资料)
西方经济学第二版课后题答案3(国外英文资料)
Article 3 economic behavior of enterprises
1, to judge the question (to the person who beat the square root, to the wrong person, and to explain the reason).
In a production function, the short-term production function is a function of production.
[answer] the square root. The production functions have an optimal combination of inputs. When production expansion along the optimal path, as long as there is a kind of investment does not vary with the production, will deviate from the expansion line, not production function for a long time, but the existence of fixed investment short-term production function.
If the marginal production of labor decreases, its average output decreases.
[a]. Before reaching the maximum yield maximum, although the marginal production is decreasing, the decrease is less than the average increment, and the average output is still increasing.
If the average variable cost is equal to the marginal cost, the marginal product is equal to the average output.
[answer] the square root. Because the average variable cost and average yields have reciprocal relationship, marginal cost and marginal production has a reciprocal relationship, when marginal cost is equal to the minimum average variable cost, the marginal production must be equal to the highest average yields. (see figure 3.8.8)
When average yields are highest, the average cost is the lowest.
[a]. The Chinese style (3.8.18) shows that the average fixed cost is the lowest, not the lowest, due to the average fixed cost.
When, and less than, the curve is in decline.
[answer] the square root. The textbook figure 3.8.12 shows that when SMC1 = LMC, when the output is q1, the LAC is higher, while SMC2 = LMC, when the output is q2, the LAC is the lowest, and the LAC is in a phase of descent.
If the production function is, and the price is the same, the enterprise should invest more labor and less capital in order to maximize profits.
[a]. Because, you know, maximize profits
If,
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