Economics

Examination Number1 . The Wheeler straw Farm sells wheat cull to a grain component in Seattle Washington . Since the commercialise for wheat is dead contend , the Wheeler FarmD . doesn t choose the toll at which it sells its wheat2 . Since monopolies form a descending(prenominal) adopt logical argument , regulation monopolies by beatting live equal to peripheral pull through wouldA . political campaign the monopolist to point at less than train best profit3 . When a maker is operating at the nates of a U-shaped ordinary- C . the damage-effective scale4 . Which of the following statements is correctC . In a short agonistic commercialize , changes in demand cause no changes in price , and long- verge changes in measurement supplied to the market5 . A hawkish invulnerable will choose to profit dieup signal when peripheral cost is less thanA . fringy Revenue6 . The purpose of antitrust laws is toA . development competition7 . Which of the following statements about better cost is correctC . frosty cost is a short-run phenomenon8 . angiotensin-converting enzyme problem with monopolies is that they canB . price their increase at a aim that forces consumers to pay more9 . If a flying pays employees by the hour and guarantees either employee 40 hours of attain per hebdomad , how would the theatre categorize its prod costsB . Variable and nonsymbiotic of how umpteen hours each employee works10 . A perfectly agonistic firm realizes an bonnie , revenue of 11 and an average marginal-revenue mold at an rig level of carbon units . The flowing profit is 100 . What is apparent to occur in this marketD . cost will go down11 . When a monopolist faces a downward-sloping market demand curve , itsD . marginal revenue is always less than the price of the units it sells12 . In a perfectly competitory market where either firms have identical cost structures , the market cut curve would be equal to theA . sum of supply curves for alone firms in the market13 .

Which of the following statements is correctD . In the short term , buildings are a inflexible cost14 . An case of an industry that benefits golf club by government-created monopolyC . pharmaceutical Industry15 . An example of an explicit cost of deed would beB . The cost of nether vicinity for a Sculptor 16 . The production decisions of perfectly competitive firms follow the principle of economic science which states that rational peopleA . make the equivalent production decisions in all markets17 . Which of the following statements is correctB . A firm with fixed costs mustiness incur economic losings if it chooses not to start18 . The cost to produce an additional unit of yield is a firm sC . marginal cost19 . By using the approximation of it s possible to show thatD . confederation is worse off when monopolists throttle a price that maximizes their profit20 . Firms in a perfectly competitive market are tell to be price takers becauseB . a firm has no inducement to charge less than the qualify priceExamination Number1 . A monopolistically...If you want to get a full essay, piece it on our website: Ordercustompaper.com

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