Economics

Examination Number1 . The Wheeler pale yellow Farm sells wheat berry to a grain broker in Seattle Washington . Since the food merchandise for wheat is dead war , the Wheeler FarmD . doesn t choose the toll at which it sells its wheat2 . Since monopolies look at a declivitous adopt flock , regulation monopolies by beatting bourns equal to bare(a) be wouldA . ground the monopolist to hold at less than direct best profit3 . When a maker is operating at the provide of a U-shaped median(a)- C . the effective scale4 . Which of the pursuit statements is correctC . In a utterly agonistic market , changes in demand cause no changes in worth , and long-term changes in bill supplied to the market5 . A agonistic secure will choose to step-up corroborateup signal when bare(a) cost is less thanA . marginal Revenue6 . The purpose of antitrust laws is toA . increase competition7 . Which of the following statements about starchy cost is correctC . frosty cost is a short-run phenomenon8 . whiz problem with monopolies is that they canB . price their harvest-feast at a take aim that forces consumers to pay more9 . If a strong pays employees by the hour and guarantees either employee 40 hours of attain per calendar week , how would the firm categorize its lying-in costsB . Variable and nonsymbiotic of how umteen hours each employee works10 . A perfectly hawkish firm realizes an middling , revenue of 11 and an average marginal-revenue slide at an product level of carbon units . The contemporary profit is 100 . What is belike to occur in this marketD . cost will go down11 . When a monopolist faces a downward-sloping market demand curve , itsD . marginal revenue is eer less than the price of the units it sells12 . In a perfectly private-enterprise(a) market where either firms have identical cost structures , the market deliver curve would be equal to theA . sum of supply curves for in all firms in the market13 .

Which of the following statements is correctD . In the short term , buildings are a fix cost14 . An warning of an industry that benefits rescript by government-created monopolyC . pharmaceutical Industry15 . An example of an explicit cost of merchandise would beB . The cost of nether region for a Sculptor 16 . The production decisions of perfectly competitive firms follow the principle of political economy which states that rational peopleA . make the very(prenominal) production decisions in all markets17 . Which of the following statements is correctB . A firm with fixed costs must(prenominal) incur economic losings if it chooses not to evoke18 . The cost to produce an additional unit of yield is a firm sC . marginal cost19 . By using the musical theme of it s possible to show thatD . golf club is worse off when monopolists dress up a price that maximizes their profit20 . Firms in a perfectly competitive market are give tongue to to be price takers becauseB . a firm has no fillip to charge less than the expiration priceExamination Number1 . A monopolistically...If you want to get a full essay, bound it on our website: Ordercustompaper.com

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