尼科尔森微经练习题 (7).pdfVIP

Chapter9

ProfitMaximization

97.Afirm’smarginalrevenueisdefinedas

a.theratiooftotalrevenuetototalquantityproduced.

b.theadditionaloutputproducedbyloweringprice.

c.theadditionalrevenuereceivedduetotechnicalinnovation.

*d.theadditionalrevenuereceivedwhensellingonemoreunitofoutput.

98.Inordertomaximizeprofits,afirmshouldproduceattheoutputlevelforwhich

a.averagecostisminimized.

*b.marginalrevenueequalsmarginalcost.

c.marginalcostisminimized.

d.priceminusaveragecostisaslargeaspossible.

99.Ifdemandfacingthefirmisprice-inelastic,marginalrevenuewillbe

a.positive.

b.zero.

*c.negative.

d.constant.

100.Ifafirmwishedtomaximizetotalrevenuesitshouldproducewhere

a.marginalcostiszero.

*b.marginalrevenueiszero.

c.marginalrevenueisequaltomarginalcost.

d.marginalrevenueisequaltoprice.

101.Ifafirmisapricetaker,itsmarginalrevenueis

*a.equaltomarketprice.

b.lessthanmarketprice.

c.greaterthanmarketprice.

d.amultipleofmarketpricethatmaybeeithergreaterthanorlessthanone.

102.

usually

a.increaseprofits.

b.leaveprofitsunchanged.

*c.decreaseprofits.

d.increasemarginalrevenue.

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103.Ifthedemandfacedbyafirmisinelastic,sellingonemoreunitofoutputwill

a.increaserevenues.

*b.decreaserevenues.

c.keeprevenuesconstant.

d.increaseprofits.

104.Ifthedemandfacedbyafirmiselastic,sellingonelessunitofoutputwill

a.increaserevenue.

*b.