Introductıon to Economıcs I (ENG)
Ünite Sınavı Soruları
- 10 soru
- Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
- 1
Consider a competitive market in which thousand firms are producing as efficiently as possible, and the market supply equals the market demand.In this situation at a price of $7 and an output of 22000 units. Now suppose that market demand increases to 28000 units and the equilibrium price rises to $11. In short run a profit in excess of economic profit emerges. What is the amount of this excess profit for a firm?
- 2
Which below is a correct statement on market structures?
- 3
What is the average fixed cost when the quantity of output is 2?
- 4
Consider a competitive market in which five thousand firms are producing as efficiently as possible, and the market supply equals the market demand.In this situation at a price of $11 and an output of 250000 units. Now suppose that market demand decreases to 225000 units and the equilibrium price falls to $10. In short run a there is a loss. What is the amount of this loss for a single firm?
- 5
A producer is a _______________ when its decision cannot affect the market price.
Which of the following would correctly fill the black in this sentence?
- 6
A perfectly competitive firm should shut down in the short run if market price is
- 7
Consider a competitive market in which 10000 firms are producing as efficiently as possible, and the market supply equals the market demand.In this situation at a price of $15 and an output of 100000 units. Now suppose that market demand increases to 290000 units and the equilibrium price rises to $20. In short run a profit in excess of economic profit emerges. What is the amount of this excess profit for a firm?
- 8
Which of the following does represent the point that a seller should increase production up to for profit maximization in perfect competition?
- 9
Which statement on market structure below is true?
- 10
If a firm sells its output on a market that is characterized by many sellers and buyers, a identical product, non-barrier to entry the market, then the firm is