曼昆《经济学原理》（微观）第五版测试题库 (13).docVIP

PAGE 928 ? Chapter 13/The Costs of Production Chapter 13/The Costs of Production ? PAGE 851 PAGE 850 Chapter 13 The Costs of Production TRUE/FALSE 1. The economic field of industrial organization examines how firms’ decisions about prices and quantities depend on the market conditions they face. ANS: T DIF: 2 REF: 13-0 NAT: Analytic LOC: Costs of production TOP: Industrial organization MSC: Interpretive 2. Profit equals marginal revenue minus marginal cost. ANS: F DIF: 1 REF: 13-1 NAT: Analytic LOC: Costs of production TOP: Profit MSC: Definitional 3. Profit equals total revenue minus total cost. ANS: T DIF: 1 REF: 13-1 NAT: Analytic LOC: Costs of production TOP: Profit MSC: Definitional 4. The difference between economic profit and accounting profit is that economic profit is calculated based on both implicit and explicit costs whereas accounting profit is calculated based on explicit costs only. ANS: T DIF: 2 REF: 13-1 NAT: Analytic LOC: Costs of production TOP: Economic profit | Accounting profit MSC: Interpretive 5. Accounting profit is greater than or equal to economic profit. ANS: T DIF: 2 REF: 13-1 NAT: Analytic LOC: Costs of production TOP: Accounting profit | Economic profit MSC: Analytical 6. Economic profit is greater than or equal to accounting profit. ANS: F DIF: 2 REF: 13-1 NAT: Analytic LOC: Costs of production TOP: Accounting profit | Economic profit MSC: Analytical 7. Although economists and accountants treat many costs differently, they both treat the cost of capital the same. ANS: F DIF: 2 REF: 13-1 NAT: Analytic LOC: Costs of production TOP: Economic profit | Accounting profit MSC: Interpretive 8. Accountants keep track of the money that flows into and out of firms. ANS: T DIF: 1 REF: 13-1 NAT: Analytic LOC: Costs of production TOP: Accounting profit MSC: Interpretive 9. When economists speak of a firms costs, they are usually excluding the opportunity costs. ANS: F DIF: 2 REF: 13-1 NAT: Analytic LOC: Costs of production